NOT LISTED FOR SALE

103 W Fornance St Norristown, PA 19401

Estimated Value: $289,000 - $365,283

-- Bed
3 Baths
2,539 Sq Ft
$125/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $269,000 $106 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,202/month

6 Days on Market

Highlights

  • Victorian Architecture
  • Ceiling Fan
  • Heating System Uses Steam
  • 1 Fireplace
  • Hot Water Heating System
  • Walk-Up Access

About This Home

As of December 2023

If you've been looking for an income-generating property, here is a fantastic investment opportunity! This property currently has 2 units and both have long-term tenants on month-to-month leases. The 1st floor is a 1 bedroom/1 bath unit with a mud/laundry room, full eat-in kitchen, spacious living room with fireplace, large bedroom with double closets, full bath with shower stall, interior access to the basement, open area at entryway that could be used as an office space and a deck. The 2nd unit is upstairs and has 3 or 4 bedrooms and 2 full baths. It has a kitchen with pantry, dining room, living room, a bedroom with bay windows and a full bath with stall shower. This floor provides the option of an additional bedroom. It continues to the 3rd floor, where there are 2 nicely sized bedrooms, as well as a full bath with laundry, jacuzzi tub and radiant heat flooring. Both units have a private interior entrance, lots of windows for natural light and great closet space. There is off-street parking for 4 cars in the rear of the property (accessed from alley), in addition to street parking. Utilities are separate and landlord pays water/sewer. Schedule your showing today!

Last Agent to Sell the Property

Chaundra Santangelo

(484) 645-2673 chaundrasantangelo@gmail.com Springer Realty Group License #RS319829 Listed on: 11/02/2023

Springer Realty Group

Last Buyer's Agent

Joe Baglia

(484) 995-6565 joebagliarealtor@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,143

Year Built

  • Built in 1910

Lot Details

  • 4,935 Sq Ft Lot
  • Lot Dimensions are 35.00 x 0.00

Home Design

  • Duplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Stone Foundation

Interior Spaces

  • 2,539 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace

Basement

  • Walk-Up Access
  • Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Electric Water Heater

Community Details

  • 2 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 40
  • Assessor Parcel Number 13-00-12180-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,143

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenants' property
  • Inclusions: 2 refrigerators (in AS-IS condition)
  • New Construction: No
  • Expected On Market: 2023-11-02
  • Year Built: 1910
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Permanent, Stone
  • Basement: Yes
  • Basement Type: Outside Entrance, Walkout Stairs
  • Total Sq Ft: 2539
  • Living Area Sq Ft: 2539
  • Price Per Sq Ft: 108.31
  • Above Grade Finished Sq Ft: 2539
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 103

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Alley, Off Street, On Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Steam, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • 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: 1132
  • Lot Size Acres: 0.11
  • Lot Dimensions: 35.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4935.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • Zoning Description: Res: Duplex

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Sewer, Water
  • Total Actual Rent: 23580.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3959.00
  • Tax Annual Amount: 6143.00
  • Assessor Parcel Number: 13-00-12180-002
  • Tax Lot: 40
  • Tax Total Finished Sq Ft: 2539
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/27/2023

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Dec 27, 2023
Sold by
Cooper Robert R and Cooper Geri
Bought by
Jucker Patrick
Seller's Agent
Chaundra Santangelo
Springer Realty Group
Buyer's Agent
Joe Baglia
Coldwell Banker Realty
List Price
$275,000
Sold Price
$269,000
Premium/Discount to List
-$6,000
-2.18%
Views
79
Current Estimated Value
$317,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,821
Avg. Annual Appreciation
9.82%
Original Mortgage
$255,550
Outstanding Balance
$251,476
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$66,345

Purchase Details

Closed on
Apr 21, 2004
Sold by
Strogus John S and Strogus Avelia J
Bought by
Cooper Robert S and Cooper Geri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
5.39%
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
Jucker Patrick $269,000 None Listed On Document
Cooper Robert S $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jucker Patrick $255,550
Previous Owner Cooper Robert S $119,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2023 12/27/23 Sold $269,000 -2.2% $106 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $275,000 -- $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
2025 $6,199 $100,990 $26,700 $74,290
2024 $6,199 $100,990 $26,700 $74,290
2023 $6,143 $100,990 $26,700 $74,290
2022 $6,011 $100,990 $26,700 $74,290
2021 $5,981 $100,990 $26,700 $74,290
2020 $5,706 $100,990 $26,700 $74,290
2019 $5,602 $100,990 $26,700 $74,290
2018 $3,482 $100,990 $26,700 $74,290
2017 $5,144 $100,990 $26,700 $74,290
2016 $5,105 $100,990 $26,700 $74,290
2015 $4,890 $100,990 $26,700 $74,290
2014 $4,890 $100,990 $26,700 $74,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2087284

Bright MLS

APN: 13-00-12180-002