NOT LISTED FOR SALE

1021 Dekalb St Norristown, PA 19401

Estimated Value: $368,000 - $421,000

-- Bed
4 Baths
3,000 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $365,000 $122 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,720/month

11 Days on Market

Highlights

  • Colonial Architecture
  • More Than Two Accessible Exits
  • Hot Water Baseboard Heater
  • 1 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of August 2023

*Additional photos coming soon. Invester Alert! 8% Cap rate! Large fully rented Quad, all leases/expenses available upon request. Yearly gross rent is $41,700. Owner pays only water, sewer and common electric. Unit 1 is a 3 bedroom and rented at $1,175, unit 2 is a 1 bedroom rented at $900, unit 3 is a 1 bedroom rented at $700 and Unit 4 is a 1 bedroom rented at $700. Garage is not rented but can get $200/month. Potential to collect higher rents. Buyer responsible for U&O. Seller is also selling 1019 Dekalb, 223 Jacoby and 706 Chain. Call us today to schedule your private tour.

Last Agent to Sell the Property

Leonard Martelli

Realty One Group Restore - BlueBell License #RS274778 Listed on: 06/09/2023

Realty One Group Restore - BlueBell

Last Buyer's Agent

Lorry Hunt

Keller Williams Main Line License #RS323209

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,552

Year Built

  • Built in 1900

Lot Details

  • 2,860 Sq Ft Lot
  • Lot Dimensions are 22.00 x 0.00

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry

Home Design

  • 3,000 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Block Foundation
  • Masonry

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Gross Income $40,140

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 13-00-10080-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,552

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-06-09
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: *Additional photos coming soon. Invester Alert! 8% Cap rate! Large fully rented Quad, all leases/expenses available upon request. Yearly gross rent is $41,700. Owner pays only water, sewer and common electric. Unit 1 is a 3 bedroom and rented at $1,175, unit 2 is a 1 bedroom rented at $900, unit 3 is a 1 bedroom rented at $700 and Unit 4 is a 1 bedroom rented at $700. Garage is not rented but can get $200/month. Potential to collect higher rents. Buyer responsible for U&O. Seller is also selling 1019 Dekalb, 223 Jacoby and 706 Chain. Call us today to schedule your private tour.
  • Special Features: None

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 125.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1021

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1136
  • Lot Size Acres: 0.07
  • Lot Dimensions: 22.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2860.00
  • Year Assessed: 2023
  • Zoning: 1136 RES: QUADRAPLEX

Rental Info

  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 3613.00
  • Tax Annual Amount: 5552.00
  • Assessor Parcel Number: 13-00-10080-005
  • Tax Lot: 48
  • Tax Total Finished Sq Ft: 3000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/04/2023

Multi Family

  • Gross Income: 40140.00
  • Gross Scheduled Income: 40140.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 17, 2023
Sold by
Tate Brian S and Figliuolo Gerardo
Bought by
Lacorte Robert B
Seller's Agent
Leonard Martelli
Realty One Group Restore - BlueBell
Buyer's Agent
Lorry Hunt
Keller Williams Main Line
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Views
74
Current Estimated Value
$407,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,845
Avg. Annual Appreciation
4.95%
Original Mortgage
$292,000
Outstanding Balance
$286,371
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$115,851

Purchase Details

Closed on
May 28, 2004
Sold by
Sheward John
Bought by
Tate Brian S and Figliuolo Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.99%
Source: Public Records

Range of Values:

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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
Lacorte Robert B $380,000 None Listed On Document
Tate Brian S $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacorte Robert B $292,000
Previous Owner Tate Brian S $250,000
Previous Owner Tate Brian S $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $365,000 -2.7% $122 / Sq Ft
06/09/2023 06/09/23 For Sale $375,000 -- $125 / 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 $5,603 $91,270 $24,920 $66,350
2023 $5,553 $91,270 $24,920 $66,350
2022 $5,432 $91,270 $24,920 $66,350
2021 $5,406 $91,270 $24,920 $66,350
2020 $5,157 $91,270 $24,920 $66,350
2019 $5,063 $91,270 $24,920 $66,350
2018 $3,370 $91,270 $24,920 $66,350
2017 $4,649 $91,270 $24,920 $66,350
2016 $4,614 $91,270 $24,920 $66,350
2015 $4,420 $91,270 $24,920 $66,350
2014 $4,420 $91,270 $24,920 $66,350
Source: Public Records

Agents Affiliated with this Home

  • Leonard Martelli

    Seller's Agent in 2023

    Leonard Martelli

    Realty One Group Restore - BlueBell

    (610) 476-4917

    11 in this area

    24 Total Sales

    Section Image
  • Lorry Hunt

    Buyer's Agent in 2023

    Lorry Hunt

    Keller Williams Main Line

    (215) 668-8908

    27 in this area

    41 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAMC2073986

Bright MLS

APN: 13-00-10080-005

Pennsylvania Montgomery County Norristown 19401

1021 Dekalb St, Norristown, PA

This home is located at 1021 Dekalb St, Norristown, PA 19401 since 09 June 2023 and is currently estimated at $400,290, approximately $133 per square foot. This property was built in 1900. 1021 Dekalb St is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, Cole Manor Elementary School, and East Norriton Middle School.

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