Score
0Philadelphia, PA
1720 Dorrance St
324K
3 beds
2 baths
1,060 sqft
3 bd • 2 ba • 1,060 sf
This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$324,000
Price/Sq.Ft
$306
Year Built
1923
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Fully renovated: The property features brand-new renovations from roof to floors, reducing immediate maintenance concerns. This is particularly attractive to first-time homebuyers.
• Move-in ready: The renovations and new appliances allow for immediate occupancy without needing additional work.
• Desirable location: The property is located in a sought-after South Philadelphia neighborhood, close to restaurants, bars, and public transportation. Properties in this area tend to hold their value well.
• Open-concept floor plan: The open layout is ideal for entertaining and modern living. This is a popular design choice among younger buyers.
• New HVAC system: The brand-new HVAC system ensures efficient heating and cooling, reducing energy costs. Modern HVAC systems can save homeowners up to 20-30% on energy bills compared to older systems.
The Bad
• Smaller square footage: At 1,060 sq ft, the property is smaller than the average Philadelphia row home. This may not appeal to buyers needing more space.
• School ratings: The nearby schools have relatively low ratings (3/10 and 4/10) which may be a concern for families with children.
• Parking: Street parking in this area of South Philadelphia can be challenging, particularly during evenings and weekends. Off-street parking is not available.
• Moderate air quality risk: The air quality risk is moderate (4/10), with an average of 4 bad air days per year. This is slightly above the city average and may concern health-conscious buyers.
• Heat risk: The severe heat risk (7/10) means the property is likely to experience high temperatures during the summer, potentially increasing cooling costs.
The Ugly
• Potential for hidden issues in older homes: Despite renovations, a 1923 home may have underlying structural, plumbing, or electrical issues that could require costly repairs.
• Rapid gentrification: The neighborhood is experiencing gentrification, which could lead to rising property taxes and displacement concerns for some buyers.
• Rowhouse challenges: Shared walls can lead to noise issues and potential disputes with neighbors. Inspections should focus on party wall condition and soundproofing.
• Parking limitations: The lack of dedicated parking can be a major inconvenience, especially during peak hours. Garages in the area can rent for $200-$300 per month.
• Previous sale price discrepancy: The significant price increase from $142,000 in 2024 to the current listing price of $324,000 may raise questions about the extent of the renovations and whether the price is justified. This represents a 128% increase in less than a year.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• First-time homebuyers looking for a move-in-ready property: The complete renovation and new appliances mean minimal immediate maintenance.
• Buyers seeking walkable urban living: Its proximity to East Passyunk and public transportation caters to those who enjoy city amenities.
• Individuals comfortable with smaller living spaces: The 1,060 sq ft size suits those who prioritize location over large square footage.
• Buyers looking to customize basement space: The unfinished basement presents a customizable area for a home office, gym, or extra storage.
• Buyers who value modern updates: The new roof, HVAC system, and modern finishes provide peace of mind and align with contemporary aesthetics.
Not For
• Buyers requiring large living spaces: At 1,060 sq ft, the property may feel cramped for larger families or those accustomed to more expansive homes.
• Individuals seeking top-rated schools: The nearby schools have lower ratings (3/10 and 4/10), which might deter buyers prioritizing high-ranking educational institutions.
• Buyers with limited budgets for potential repairs: While renovated, older homes can present unexpected maintenance issues that require additional financial resources.
• Those who prefer suburban living: The property's urban location lacks the space and quiet often found in suburban settings.
• Buyers needing dedicated parking: Street parking in South Philadelphia can be challenging and may not suit those requiring guaranteed parking spots.
Demographics
Area Median Income
$59,216
Property History
Price History
Ownership Timeline
$142,000Financed
Aug 26, 2024Rhonda Brown, Estate Of Leroy GilmoreAnqor Group Llc
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$2,413
2024 Tax Assessment
0.0%from previous year
Assessed Value$172,400
Tax Rate1.40%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.5/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,081
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$324,000
Price/sqft
$306
Layout
3 bd•2 ba
Days on market
28 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$253,833
27.6%
Your price is 27.6% above average
Median Price
$245,000
32.2%
Based on 6 recent sales
Price per Sq.Ft
$236
29.5%
Your price is 29.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1733 SIGEL ST, PHILADELPHIA, PA 19145 | $245,000 | 1,024 | 3 | 2 | $23921.7% | 1/6/2025 |
| 1745 S HICKS ST, PHILADELPHIA, PA 19145 | $175,000 | 1,092 | 3 | 2 | $16047.6% | 1/3/2025 |
| 1927 S 13TH ST, PHILADELPHIA, PA 19148 | $460,000 | 1,133 | 3 | 2 | $40632.8% | 1/2/2025 |
| 1528 S ETTING ST, PHILADELPHIA, PA 19146 | $225,000 | 1,050 | 3 | 2 | $21429.9% | 12/8/2024 |
| 1551 S NEWKIRK ST, PHILADELPHIA, PA 19146 | $145,000 | 1,027 | 3 | 2 | $14153.8% | 12/12/2024 |
| 719 HOFFMAN ST, PHILADELPHIA, PA 19148 | $273,000 | 1,080 | 3 | 2 | $25317.3% | 12/6/2024 |
1733 SIGEL ST, PHILADELPHIA, PA 19145
Price: $245,000
Sq.Ft: 1,024
Beds/Baths: 3/2
$/Sq.Ft:
$23921.7%
Sale Date: 1/6/2025
1745 S HICKS ST, PHILADELPHIA, PA 19145
Price: $175,000
Sq.Ft: 1,092
Beds/Baths: 3/2
$/Sq.Ft:
$16047.6%
Sale Date: 1/3/2025
1927 S 13TH ST, PHILADELPHIA, PA 19148
Price: $460,000
Sq.Ft: 1,133
Beds/Baths: 3/2
$/Sq.Ft:
$40632.8%
Sale Date: 1/2/2025
1528 S ETTING ST, PHILADELPHIA, PA 19146
Price: $225,000
Sq.Ft: 1,050
Beds/Baths: 3/2
$/Sq.Ft:
$21429.9%
Sale Date: 12/8/2024
1551 S NEWKIRK ST, PHILADELPHIA, PA 19146
Price: $145,000
Sq.Ft: 1,027
Beds/Baths: 3/2
$/Sq.Ft:
$14153.8%
Sale Date: 12/12/2024
719 HOFFMAN ST, PHILADELPHIA, PA 19148
Price: $273,000
Sq.Ft: 1,080
Beds/Baths: 3/2
$/Sq.Ft:
$25317.3%
Sale Date: 12/6/2024
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