NOT LISTED FOR SALE

Estimated Value: $366,000 - $511,000

-- Bed
5 Baths
-- Sq Ft
2.2 Acres

Last Sold March 10, 2022

Last sale price $935,000

Current estimated payment $2,932/month

31 Days on Market

Highlights

  • 2.2 Acre Lot
  • Forced Air Heating System
  • Property is in very good condition
  • 1 Fireplace
  • Electric Baseboard Heater

About This Home

As of March 2022

This property is being offered at a live onsite Public Auction on Wednesday, December 8, 2021 at 4PM. The listed price is not the sale price. Property may sell for higher or lower than the listed price at public auction. 10% Deposit due at auction, Buyer Pays All Realty Transfer Taxes. Property Taxes Prorated at Settlement, Settlement by January 20, 2022. Auction includes 4 Tax Parcels: 28-06-0089, 28-06-0090, 28-06-0091, 28-06-0092. Total current taxes for all tracts $10,025 +/-
Property consists of 7 residential rental & former schoolhouse on 2.2 + acres: A one story building w/ 3 one BR Apts, a one story building w/ a 2 and 3 BR Apt, a single house w/ 2 BRs, a 3 bay garage w/ 2nd floor. 1 BR Apt, and a former one room schoolhouse that is not rented. 601 & 607 W. Kings Hwy. is getting an new roof prior to closing due to a tree hitting it in a recent storm. All units in good condition with many long term tenants. Estimated net income $56,000 +/-. Rents below market. This property is seriously for sale – don’t miss it!!

Last Agent to Sell the Property

Steve Barr

Barr Realty Inc. License #RM419125 Listed on: 11/07/2021

Last Buyer's Agent

Steve Barr

Barr Realty Inc. License #RM419125 Listed on: 11/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,435

Lot Details

  • 2.2 Acre Lot
  • Property is in very good condition

Home Design

  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Stone Siding
  • Masonry
  • Stucco

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 15 Parking Spaces
  • 15 Off-Street Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • On Site Septic

Additional Features

  • 1 Fireplace
  • Suburban Location

Community Details

  • 4 Units
  • Net Operating Income $56,000

Listing and Financial Details

  • Tax Lot 0090
  • Assessor Parcel Number 28-06 -0090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,435

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: ALL APPIANCES THAT ARE OWNED BY SELLERS.
  • New Construction: No
  • Automatically Close On Close Date: No
  • Remarks Public: This property is being offered at a live onsite Public Auction on Wednesday, December 8, 2021 at 4PM. The listed price is not the sale price. Property may sell for higher or lower than the listed price at public auction. 10% Deposit due at auction, Buyer Pays All Realty Transfer Taxes. Property Taxes Prorated at Settlement, Settlement by January 20, 2022. Auction includes 4 Tax Parcels: 28-06-0089, 28-06-0090, 28-06-0091, 28-06-0092. Total current taxes for all tracts $10,025 +/- Property consists of 7 residential rental & former schoolhouse on 2.2 + acres: A one story building w/ 3 one BR Apts, a one story building w/ a 2 and 3 BR Apt, a single house w/ 2 BRs, a 3 bay garage w/ 2nd floor. 1 BR Apt, and a former one room schoolhouse that is not rented. 601 & 607 W. Kings Hwy. is getting an new roof prior to closing due to a tree hitting it in a recent storm. All units in good condition with many long term tenants. Estimated net income $56,000 +/-. Rents below market. This property is seriously for sale – don’t miss it!!
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Block, Stone
  • Basement: Yes
  • Basement Type: Partial, Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 100

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry, Stone, Stucco
  • Road Surface Type: Black Top
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Gravel Driveway, Paved Driveway
  • Total Garage And Parking Spaces: 15
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 15

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Schools

  • School District: COATESVILLE AREA
  • School District Key: 300200397336
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 113770.00
  • Land Assessed Value: 47880.00
  • Land Use Code: R10
  • Lot Size Acres: 2.20
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 95832.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 7
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 270619
  • School Tax: 6416.00
  • Tax Annual Amount: 7435.00
  • Assessor Parcel Number: 28-06 -0090
  • Tax Lot: 0090
  • Tax Total Finished Sq Ft: 1127
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/10/2022

MLS Schools

  • School District Name: COATESVILLE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2021
Closed on
Mar 10, 2022
Sold by
Dunlap Gary L
Bought by
Jm Harlan Llc
Seller's Agent
Steve Barr
Barr Realty Inc.
Buyer's Agent
Steve Barr
Barr Realty Inc.
List Price
$500,000
Sold Price
$935,000
Premium/Discount to List
$435,000
87%
Current Estimated Value
$416,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$519,000
Avg. Annual Appreciation
-21.83%
Original Mortgage
$835,000
Outstanding Balance
$787,089
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
-$384,422

Purchase Details

Closed on
Mar 30, 2015
Sold by
Dunlop Christopher B
Bought by
Dunlop Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 16, 2009
Sold by
Dunlap Gary L and Dunlap George F
Bought by
Dunlap Gary L and Dunlap George F

Purchase Details

Closed on
Oct 23, 2007
Sold by
Dunlap Gary L and Dunlap George F
Bought by
Dunlap George

Purchase Details

Closed on
Sep 7, 2006
Sold by
Dunlap George
Bought by
Dunlap Gary L and Dunlap George F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jm Harlan Llc $935,000 None Listed On Document
Dunlop Gary L -- None Available
Dunlap Christopher B -- None Available
Dunlap Gary L -- None Available
Dunlap George -- None Available
Dunlap Gary L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jm Harlan Llc $835,000
Previous Owner Stoney Hollow Management $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $935,000 +87.0% --
12/08/2021 12/08/21 Pending -- -- --
11/07/2021 11/07/21 For Sale $500,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $7,981 $161,650 $47,880 $113,770
2023 $7,682 $161,650 $47,880 $113,770
2022 $7,313 $161,650 $47,880 $113,770
2021 $7,194 $161,650 $47,880 $113,770
2020 $7,043 $161,650 $47,880 $113,770
2019 $6,809 $161,650 $47,880 $113,770
2018 $6,512 $161,650 $47,880 $113,770
2017 $6,277 $161,650 $47,880 $113,770
2016 $5,408 $161,650 $47,880 $113,770
2015 $5,408 $161,650 $47,880 $113,770
2014 $5,408 $161,650 $47,880 $113,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2010564

Bright MLS

APN: 28-006-0090.0000