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4507 Locust Street, Philadelphia, PA 19139
$395,000
4507 Locust Street, Philadelphia, PA 19139View this property at 4507 Locust Street, Philadelphia, PA 19139
4507 Locust StreetPhiladelphiaPA19139
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Property Description
Tremendous investment opportunity in University City. Extra large vacant lot zoned CMX-2 and measuring 22 x 113. Rarely available parcel on a prime, tree-lined block filled with 3-story, porch-front, Victorian homes. CMX-2 will permit ground floor commercial space plus 5 dwelling units. Strategically positioned between Spruce Hill & Walnut Hill with tons of commercial space on nearby 45th St. and Walnut St. Short walk to Market/Frankford El and of course take advantage of everything University City has to offer with regional anchors UPenn and Drexel University. Purchase with separately available parcel at 222-224 S. 45th St. and create one mega development. Incredible opportunity, will not last! Buyer responsibility to confirm all zoning/use options.
Full Property Details
Full Property Details for 4507 Locust St
General
- Price: $395,000
- Taxes: $1,048 (2022)
- Status: Under Contract
- Type: Lots/Land
- MLS ID: PAPH2286246
- Updated: 5/7/2024
- Added to Site: 216 day(s) ago
Location
- Area: 19139 (19139)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: 45th & Locust
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,495
- Lot Size Source: Assessor
- Lot Dimensions: 22.00 x 113.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $158.32
- Assessment Year: 2023
- School Tax: $575
- City/TownTax: $473
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $74,900
- Tax Amount: $1,048
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.75%
- Ownership: Fee Simple
Listed by KW Empower, Bryan J Capone
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Schools
Schools serving 4507 Locust St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
4209 Spruce St, Philadelphia, PA 19104 | K-8 | 0.2 mi | |
4901 Chestnut St, Philadelphia, PA 19139 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4507 Locust St
Date
Details
Price
Change
Source
4/05/2024
Price Reduced
$395,000
-7.06%
MLS
3/05/2024
Price Reduced
$425,000
-7.61%
MLS
1/12/2024
Price Reduced
$460,000
-7.07%
MLS
11/30/2023
Price Reduced
$495,000
-13.91%
MLS
10/12/2023
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4507 Locust St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$592
-44%
-100%
2023
$1,048
77%
$74,900
77%
2020
$592
—
$42,300
—
2019
$592
50%
$42,300
50%
2018
$395
53%
$28,200
53%
2017
$258
—
$18,400
—
2016
$258
4%
$18,400
—
2015
$247
—
$18,400
—
2014
$247
-57%
$18,400
212%
2013
$575
—
$5,888
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4507 Locust St
4507 Locust Street, Philadelphia, PA 19139 (MLS# PAPH2286246) is a Lots/Land property with a lot size of 0.06 acres. 4507 Locust Street is currently listed for $395,000 and was received on October 12, 2023. Want to learn more about 4507 Locust Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.