NOT LISTED FOR SALE

1031 Lawnton Terrace Glenolden, PA 19036

Estimated Value: $292,482 - $328,000

-- Bed
2 Baths
1,640 Sq Ft
$191/Sq Ft Est. Value

Last Sold October 23, 2018

Last sale price $172,000 $105 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,194/month

29 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Replacement Windows
  • Security Gate
  • Laundry Facilities
  • Wall to Wall Carpet

About This Home

As of October 2018

This is a multi-family dwelling. When you look to purchase an investment property, especially if you are planning to be an owner occupied, a critical issue that helps with cash flow is whether the utilities are separated out or not. This is a key factor that directly affects your net income and your return on investment. Please consult with an accountant to discuss additional benefits of owning an investment property such as: depreciation, appreciation and offsetting income from the property against interest on the mortgage. You also want a unit that is strategically located near public transportation and access to Center City. This unit is a winner on both key points. This unit has two heaters, two hot water heaters, and two electric meters. Also, having central air in each unit as this building does, helps get them rented more quickly and easily. Brand new stainless steel: Stove, Dishwasher, Fridge and Microwave. New carpets and freshly painted. There are two large storage lockers in the basement. The first floor is currently occupied; the second floor is vacant, waiting for the entrepreneurial investor to have the tenant help pay a significant portion of your mortgage. You will be less than a mile from the Secane and Primos train stations. You're within walking distance to Giant supermarket and Acme and Walmart. You're just 14 miles from Center City and easy access to I95. In addition you will be less than 3 miles to Outback Steakhouse and other great dining on Baltimore Pike.

Last Agent to Sell the Property

Florence Bazhaw

(610) 322-1999 flo@realestateflo.com Keller Williams Real Estate - Media Listed on: 07/01/2018

Keller Williams Real Estate - Media

Last Buyer's Agent

Joseph Meli

(610) 717-1101 joe@joemeli.com Select Smart Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 3,833 Sq Ft Lot
  • Lot Dimensions are 43x85
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,640 Sq Ft Home
  • Replacement Windows
  • Basement Fills Entire Space Under The House
  • Security Gate
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Private Parking
  • Driveway
  • On-Street Parking

Schools

  • Academy Park High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 029-013
  • Assessor Parcel Number 15-00-01919-04

Community Details

Building Details

  • Electric Expense $384
  • Insurance Expense $900
  • Maintenance Expense $930
  • Other Expense $300
  • Operating Expense $9,781

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Belongings
  • Inclusions: Stove, Fridge, Dishwasher, Microwave, Disposal
  • New Construction: No
  • Other Expense: 300.00
  • Storage: Basement
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Laminated
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common, Hookup
  • Total Sq Ft: 1640
  • Living Area Sq Ft: 1640
  • Price Per Sq Ft: 109.70
  • Above Grade Finished Sq Ft: 1640
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • 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
  • Parking Features: Street, Private
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Expense: 384.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 800.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: ACADEMY PARK

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 43X85
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3833.00
  • Property Condition: Good
  • Zoning: R

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 22800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 436060
  • Tax Annual Amount: 6630.00
  • Assessor Parcel Number: 15-00-01919-04
  • Tax Lot: 029-013
  • Tax Year: 2018

MLS Schools

  • School District Name: SOUTHEAST DELCO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2018
Sold by
Farias Christopher L and Farias Maria F
Bought by
Gallo Megan
Current Estimated Value
$312,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,884
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1991
Sold by
Dellafranco Dennis R
Bought by
Farias Christopher L and Farias Maria F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallo Megan $172,000 Admiral Search & Abstract Co
Farias Christopher L $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallo Megan $168,884
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2018 10/23/18 Sold $172,000 -4.4% $105 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $179,900 0.0% $110 / Sq Ft
10/20/2017 10/20/17 Rented $975 0.0% --
09/25/2017 09/25/17 Under Contract -- -- --
07/08/2017 07/08/17 For Rent $975 -- --
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 $6,630 $149,590 $32,250 $117,340
2024 $6,630 $149,590 $32,250 $117,340
2023 $5,127 $149,590 $32,250 $117,340
2022 $6,334 $149,590 $32,250 $117,340
2021 $8,675 $149,590 $32,250 $117,340
2020 $6,945 $108,480 $27,630 $80,850
2019 $6,614 $108,480 $27,630 $80,850
2018 $6,467 $108,480 $0 $0
2017 $6,238 $108,480 $0 $0
2016 $607 $108,480 $0 $0
2015 $607 $108,480 $0 $0
2014 $607 $108,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001970382

Bright MLS

APN: 15-00-01919-04