NOT LISTED FOR SALE

Estimated Value: $410,000 - $494,865

-- Bed
2 Baths
2,216 Sq Ft
$201/Sq Ft Est. Value

Last Sold January 24, 2017

Last sale price $235,000 $106 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,758/month

5 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wall to Wall Carpet
  • En-Suite Primary Bedroom

About This Home

As of January 2017

Great investment opportunity in desirable Stonebridge Estates and Pennridge School District. Each unit features 2 spacious bedrooms, a full bathroom, in unit washer & dryer, patio/balcony and storage. There's off street parking for 4 cars and additional on street parking. Corner property so there's a large side and rear yards. Heat pump and windows have already been replaced. Property has been well maintained and is in excellent condition. RENTS ARE BELOW MARKET due to solid, long term tenants whom would like to stay. Tenants pay heat, hot water, electric and sewer & water. Please allow enough time to contact tenants when setting up showings.

Last Agent to Sell the Property

Ron Bodden

RE/MAX 440 - Quakertown License #RS181887L Listed on: 12/15/2016

Last Buyer's Agent

Scott Nickett

RE/MAX Signature

RE/MAX Signature

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,936

Year Built

  • Built in 1983

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 90x245

Parking

  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Pitched Roof
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,216 Sq Ft Home
  • Wall to Wall Carpet

Schools

  • Pennridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 025
  • Assessor Parcel Number 01-023-025

Community Details

Overview

  • No Home Owners Association
  • Stonebridge Subdivision

Building Details

  • Insurance Expense $1,446
  • Maintenance Expense $500
  • Other Expense $596
  • Operating Expense $6,478

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,936

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 596.00
  • Year Built: 1983
  • Remarks Public: Great investment opportunity in desirable Stonebridge Estates and Pennridge School District. Each unit features 2 spacious bedrooms, a full bathroom, in unit washer & dryer, patio/balcony and storage. There's off street parking for 4 cars and additional on street parking. Corner property so there's a large side and rear yards. Heat pump and windows have already been replaced. Property has been well maintained and is in excellent condition. RENTS ARE BELOW MARKET due to solid, long term tenants whom would like to stay. Tenants pay heat, hot water, electric and sewer & water. Please allow enough time to contact tenants when setting up showings.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2216
  • Living Area Sq Ft: 2216
  • Price Per Sq Ft: 108.26
  • Above Grade Finished Sq Ft: 2216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 102

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: PENNRIDGE
  • High School: PENNRIDGE
  • School District Key: 300200397141
  • High School: PENNRIDGE

Lot Info

  • Improvement Assessed Value: 18560.00
  • Land Assessed Value: 5160.00
  • Land Use Code: 1012
  • Lot Size Acres: 0.51
  • Lot Dimensions: 90X245
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22050.00
  • Property Attached Yn: Yes
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 19800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1882
  • Tax Annual Amount: 3936.00
  • Assessor Parcel Number: 01-023-025
  • Tax Lot: 025
  • Tax Year: 2016
  • Close Date: 01/24/2017

MLS Schools

  • School District Name: PENNRIDGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2016
Closed on
Jan 23, 2017
Sold by
Derstine Willard S and Derstine Lillie R
Bought by
Nickett Scott and Nickett November
Seller's Agent
Ron Bodden
RE/MAX 440 - Quakertown
Buyer's Agent
Scott Nickett
RE/MAX Signature
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%
Current Estimated Value
$444,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,466
Avg. Annual Appreciation
7.12%

Purchase Details

Listed on
Dec 15, 2016
Closed on
Nov 29, 2016
Sold by
Derstine Willard S and Derstine Lillie R
Bought by
Derstine Willard S and Derstine Lillie R
Seller's Agent
Ron Bodden
RE/MAX 440 - Quakertown
Buyer's Agent
Scott Nickett
RE/MAX Signature
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%

Purchase Details

Closed on
Sep 12, 1991
Sold by
Derstine
Bought by
Derstine Willard S Tr and Derstine Lillie R

Purchase Details

Closed on
Aug 19, 1988
Bought by
Derstine
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
Nickett Scott $235,000 Broker Abstract & Search Co
Derstine Willard S $106,859 None Available
Derstine Willard S Tr -- --
Derstine $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pestefand Glenn $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2017 01/24/17 Sold $235,000 -2.0% $106 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/15/2016 12/15/16 For Sale $239,900 -- $108 / Sq Ft
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 $4,037 $23,720 $5,160 $18,560
2023 $3,990 $23,720 $5,160 $18,560
2022 $3,990 $23,720 $5,160 $18,560
2021 $3,990 $23,720 $5,160 $18,560
2020 $3,990 $23,720 $5,160 $18,560
2019 $3,966 $23,720 $5,160 $18,560
2018 $3,966 $23,720 $5,160 $18,560
2017 $3,936 $23,720 $5,160 $18,560
2016 $3,936 $23,720 $5,160 $18,560
2015 -- $23,720 $5,160 $18,560
2014 -- $23,720 $5,160 $18,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002598977

Bright MLS

APN: 01-023-025