[Single Family] Kedron Street — Homewood N., 15208 Sold

  • $53,700
  • 5 beds
  • 2 baths
  • 2,052 sqft
Sold

5-BR/2 full BA original in the Heart of Homewood priced at ¼ ARV – partial rehab only


 

Property:

  • as of 10/2022, the value of this property as it sits is measured between $57,000 & $78,500
  • covered back patio & decent fenced yard
  • original 100+ year-old doors, bay window, ornamental features
  • central heat, BRYANT
  • resides on a pretty prominent East End street
    –extremely central; in city limits

 

#s

ARV of $200k – $240k per very recent comps, and it being 1 of a few of its type left. (for what it’s worth, if this property hit Point Breeze borders it would have an ARV of about $1M!)

* rent-ready repairs/updates est. 17.6% cap at $1,550/month rent (15-20% higher if you swing some HACP accessible features)

* nice restoration/updates for resale est. cash return between $80& $95k



09/2022 update: neighbor just closed at $230k… very nice new comparable (can see in linked photos below).


Keep the history alive alongside the community redev efforts by proudly owning one of the endangered Single-Families of Homewood!! In Ward 13 / Pittsburgh City Limits–somewhere between a HandyMan Special & a revamp || has somewhat newer furnace & hot water tank, updated electric+plumbing, original components, & a welcomed ton of natural character.


Neighborhood + Area Redevelopment

-Wholesome area, in a Sea of Churches & development/redevelopment.

-Homewood is now in Stage 5 of the Homewood Comprehensive Community Plan. The plan paired w/community vigilance secured some protection of historic dwellings for area preservation, so the home has potential to reside with the other rehabbed showpieces (https://pittsburghpa.gov/dcp/homewood-plan).

Newer properties resultant of the effort have been selling over $200k for some time now.


Photos, comps, & locale say it all; these particular 15208 properties go very quickly so I will prioritize walking you through.

ALL PHOTOS


  • Taxes: $1,082
  • Electric: Updated
  • Plumbing: Updated
  • Kitchen: Needs updating
  • Bath: Needs updating (2)
  • Roof: 13 yrs old
  • Furnace: 6 yrs old
  • Hot Water Tank: 5 yrs old
  • Windows: Double-paned
  • Floors: 2.5
  • Parking: On-street, PLENTY
  • Rental Income: vacant; WAS $1,200/mo
  • Rental Potential: $1,425-$1,850/mo
Price:
$53,700
Address:
7150 Kedron St
Homewood N., PA 15208
Square Feet:
2,052
Lot Size:
2,325
Bedrooms:
5
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1915
Basement:
Full; unfinished
Const. Type:
Brick

Call (800) 788-9882 for more details

Property Location