home in 516 E Mayland St Philadelphia, PA
This condo in Philadelphia, PA offers 3 bedrooms and 2 bathrooms across 960 square feet. Notable features include deck / patio and hardwood floors.
| Price | $229,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 960 |
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| Address | 516 E Mayland St Philadelphia, PA 19144 |
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Why buy this home
- Features: deck / patio, hardwood floors.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced in line with the area.
- On the market 48 days, longer than usual here, so the seller may be open to offers.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,624/month with 20% down at a 7.28% 30-year fixed rate. You would need about $69,587 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,253/mo |
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| Property tax (new-buyer reassessed rate) | $284/mo |
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| Homeowners insurance | $86/mo |
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| Total monthly | $1,624/mo |
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| Down payment (20%) | $45,800 |
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| Income needed | $69,587/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (50 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (50/100) |
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| Beats renting in | 5% of modeled paths |
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| Modeled 5-yr equity (median) | $89,192 |
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| Range (10th to 90th pct) | $47,492 to $137,915 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Philadelphia, PA where local data is thin.
Local home values
Typical home values in Philadelphia, PA have risen about 28% over the past 5 years (+3% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto