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    650 Edison Ave Philadelphia, PA 19116-1237
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    Property profile & analytics

    650 Edison Ave, Philadelphia, PA 19116-1237

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    • Assisted living facilities
    • 112,471 SF
    • 3.31 lot acres
    Off-Market
    Property ID
    US73-2610527
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Somerton Nursing & Rehabilitation Center / Nursing Home
    • Genesis Healthcare / Nursing Home
    • Raymond Romsdahl / Physician
    • Alyse Mccusker / Physician
    • Accela Rehab and Care Center at Somerton / Nursing Home

    Property Details for 650 Edison Ave

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.31 lot acres
    Zone code
    RSD1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    88-1-4360-10
    APU
    881436010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2022 — Somerton Realty LLC — Deed · related $4.4M · Peapack Gladstone Bank
    Nov 20, 2019 — 650 Edison Ave LLC — Loan Modification · related $68.9M · Capital Fndg
    Jul 25, 2019 $4,050,000 650 Edison Ave LLC 650 Edison Avenue LLC Special Warranty Deed $51.9M · Capital Funding
    Jun 25, 2018 — 650 Edison Avenue LLC — Deed · related $8.5M · Wells Fargo Bank NA
    Dec 8, 2016 — Lg-ohi Edison LP — Deed · related $555M · Morgan Stanley Bk
    Nov 7, 2016 $7,568,484 Lgo Ohi Edison LP Geriatric And Medical Services INC Deed $535M · Morgan Stanley Bank NA
    Aug 14, 2007 — Geriatric & Medical Svcs INC — Deed Of Trust · related $1,500M · General Electric Capital Corp
    — — Lg-ohi Edison LP — Loan Modification · related $555M · Morgan Stanley Bk
    — — Geriatric & Medical Svcs INC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology
    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $3,935,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,155,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0101
    Latitude
    40.1292
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $176,627
    $3,042,000
    $9,576,000
    $12,618,000
    -
    $3,042,000
    $9,576,000
    $12,618,000
    More about this property
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