NOT LISTED FOR SALE

Estimated Value: $597,269

Studio
2 Baths
-- Sq Ft
2,625 Sq Ft Lot

Sale Details

Date Sold: July 30, 2024

Last sale price $578,000 $0 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,897 / mo

4 Days on Market

Highlights

  • Downtown Location
  • Electric Baseboard Heater
  • Property is in very good condition
  • Indian Crest Middle School Rated A-

About This Home

As of July 2024

Located in the center of Souderton, this 5-unit apartment building consist of 2 commercial spaces adjacent to the street on the first floor and 3 residential apartments: one 1-bedroom apartment on the first floor and two 2-bedroom apartments on the 2nd floor. Zoned C2, the commercial space is currently occupied by beauty salons. Please check with the borough on permitted uses for commercial space. Separated Hot Water, electric and Heat for each tenant! Four new water heaters! Walking distance to various restaurants and shopping, parks and concerts! Close to Route 309 access This investment property is turnkey for any landlord/investor! Perfect investment with positive cash flow!

Last Agent to Sell the Property

Daniel J. Smith

(215) 723-4073 melanie@innovateonline.com Innovate Real Estate License #RS275421 Listed on: 05/30/2024

Co-Listed By

Cheryl Smith

(215) 723-4073 melanie@innovateonline.com Innovate Real Estate

Last Buyer's Agent

Jaselyn Ramos

(215) 723-4073 melanie@innovateonline.com Innovate Real Estate License #rs363293

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,819

Year Built

  • Built in 1925

Lot Details

  • 2,625 Sq Ft Lot
  • Lot Dimensions are 39.00 x 0.00
  • Downtown Location
  • Property is in very good condition

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 2-Story Building

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 21-00-03272-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,819

Year Built

Built in 1925

Lot Details

2,625 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-05-30
  • Year Built: 1925
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 39.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2625.00
  • Property Condition: Very Good
  • Zoning: C2
  • Zoning Description: Limited Commercial/Residential

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 5
  • Total Actual Rent: 47760.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 4683.00
  • Tax Annual Amount: 6819.00
  • Assessor Parcel Number: 21-00-03272-001
  • Tax Lot: 28
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 27, 2024
Sold by
Bought by
Seller's Agent
Daniel J. Smith
Innovate Real Estate
Buyer's Agent
Jaselyn Ramos
Innovate Real Estate
List Price
$550,000
Sold Price
$578,000
Premium/Discount to List
$28,000
5.09%
Views
14
Current Estimated Value
$597,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,269
Avg. Annual Appreciation
1.61%
Original Mortgage
$284,000
Outstanding Balance
$278,147
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$319,122

Purchase Details

Listed on
May 30, 2024
Closed on
Jun 25, 2024
Sold by
Bought by
Seller's Agent
Daniel J. Smith
Innovate Real Estate
Buyer's Agent
Jaselyn Ramos
Innovate Real Estate
List Price
$550,000
Sold Price
$578,000
Premium/Discount to List
$28,000
5.09%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Outstanding Balance
$278,147
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$319,122

Purchase Details

Closed on
Jan 4, 2021
Sold by
Bought by

Purchase Details

Listed on
Mar 28, 2011
Closed on
Mar 16, 2012
Sold by
Bought by
Seller's Agent
Tracy Meyers
RE/MAX Reliance
Buyer's Agent
Gary Cassel
BHHS Keystone Properties
List Price
$484,900
Sold Price
$345,000
Premium/Discount to List
-$139,900
-28.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.87%
Original Mortgage
$276,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.64%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Souderton, PA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$578,000 None Listed On Document
-- Fidelity Abstract
$450,000 None Available
$345,000 None Available
$133,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $284,000
Previous Owner $276,000
Previous Owner $255,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2024 07/30/24 Sold $578,000 +5.1% --
06/04/2024 06/04/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $550,000 +59.4% --
03/16/2012 03/16/12 Sold $345,000 -28.9% -- View Prior Sale
01/13/2012 01/13/12 Pending -- -- --
03/28/2011 03/28/11 For Sale $484,900 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $7,373 $143,090
2025 $6,461 $143,090
2024 $6,461 $143,090
2023 $6,077 $143,090 $0 $0
2022 $5,909 $143,090 $0 $0
2021 $5,765 $143,090 $0 $0
2020 $5,678 $143,090 $0 $0
2019 $5,616 $143,090 $0 $0
2018 $1,339 $143,090 $0 $0
2017 $5,458 $143,090 $0 $0
2016 $5,401 $143,090 $0 $0
2015 $5,305 $143,090 $0 $0
2014 $5,305 $143,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2105384

Bright MLS

APN: 21-00-03272-001

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