Seller's Agent in 2024
Rob Warner
Keller Williams Real Estate-Blue Bell
(267) 972-4324
4 in this area
90 Total Sales
104 E Main St Norristown, PA 19401
Estimated Value: $300,498
--
Bed
2
Baths
1,400
Sq Ft
$215/Sq Ft
Est. Value
Highlights
- Engineered Wood Flooring
- Downtown Location
- 4-minute walk to Norristown Transportation Center (100 Line)
About This Home
As of October 2024Great Mixed use property is the perfect addition for a buyer/investor looking to add a renovated property with significant income potential! Both units are vacant. Recent rents for each unit were below market at $1,350/month. Market rents for the 4 bedroom residential space are averaging $1800+/month. The first floor unit is a Renovated Retail / storefront space (around 700 sf.) that was previously a Coffee shop with a renovated full bathroom (handicapped accessible) with plenty of seating area. The zoning is TC, which allows for most retail uses. There is a large 4-bedroom Residential rental unit on the top two floors of the building with hardwood floors throughout the apartment. The 4 spacious bedrooms (two are 14x12 and two closer to 13x10) share one Full Bathroom. The kitchen leads to an outdoor deck. There are also 10' ceilings and plenty of natural light. Upgrades include the following (see attached Upgrade list): Central A/C (split units - 4 zones in the property installed 2019), Commercial space (new counters and electrical, plumbing), Refinished hardwood Flooring, Newer Laundry area with Washer/Dryer, Water Heater (2018), Electrical (200 amps - 3 separate panels), some Windows replaced . Location, Location, Location !!! Perfect location in Norristown to run a business or a good investment opportunity to generate rental income. The property offers walkability to local businesses and multiple public transportation options. Conveniently located in downtown Norristown close to major shopping areas, turnpikes (including Dekalb Pike-Route 202), and public transportation, making your daily commute and shopping a breeze. Recent development was announced in the immediate area! Schedule your showing today to secure this Investment property featuring many upgrades and rental income potential !
Last Agent to Sell the Property
(267) 972-4324 rwarner@kw.com Keller Williams Real Estate-Blue Bell License #RS329364 Listed on: 08/02/2024
Last Buyer's Agent
(267) 972-4324 rwarner@kw.com Keller Williams Real Estate-Blue Bell License #RS329364 Listed on: 08/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,074
Year Built
- Built in 1875
Lot Details
- 1,326 Sq Ft Lot
- Lot Dimensions are 13.00 x 0.00
- Downtown Location
Parking
- On-Street Parking
Home Design
- Duplex
- Stone Foundation
- Pitched Roof
- Stucco
Interior Spaces
- 1,400 Sq Ft Home
- Engineered Wood Flooring
Utilities
- Underground Utilities
- 200+ Amp Service
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Community Details
- 2 Units
- 2 Vacant Units
Listing and Financial Details
- Assessor Parcel Number 13-00-21320-006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Oct 30, 2024
Sold by
Readinger Eleanor and Schelfhout Jonathan
Bought by
Norristown Ventures Llc
Seller's Agent
Rob Warner
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Rob Warner
Keller Williams Real Estate-Blue Bell
List Price
$335,000
Sold Price
$285,000
Premium/Discount to List
-$50,000
-14.93%
Views
83
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,498
Avg. Annual Appreciation
4.93%
Purchase Details
Listed on
Jan 4, 2016
Closed on
Nov 4, 2016
Sold by
Amoroso Joseph
Bought by
Readinger Eleanor and Schelfhout Jonathan
Seller's Agent
Harrison Todd
Keller Williams Realty Devon-Wayne
Buyer's Agent
Patricia Packer
BHHS Fox & Roach-Chestnut Hill
List Price
$225,000
Sold Price
$150,000
Premium/Discount to List
-$75,000
-33.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$137,362
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 11, 2014
Sold by
Amoroso Joseph and Amoroso Antonia
Bought by
Amoroso Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.02%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 23, 2003
Sold by
Amoroso Esther P and Amoroso Samuel
Bought by
Amoroso Antonia and Amoroso Joseph
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Norristown Ventures Llc | $285,000 | Suburban Philadelphia Abstract | |
| Norristown Ventures Llc | $285,000 | Suburban Philadelphia Abstract | |
| Readinger Eleanor | $150,000 | None Available | |
| Amoroso Joseph | -- | None Available | |
| Amoroso Antonia | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Readinger Eleanor | $137,362 | |
| Previous Owner | Amoroso Joseph | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2024 10/30/24 | Sold | $285,000 | -6.6% | $204 / Sq Ft | |
| 10/03/2024 10/03/24 | Price Changed | $305,000 | -3.2% | $218 / Sq Ft | |
| 09/04/2024 09/04/24 | Price Changed | $315,000 | -6.0% | $225 / Sq Ft | |
| 08/02/2024 08/02/24 | For Sale | $335,000 | +123.3% | $239 / Sq Ft | |
| 11/04/2016 11/04/16 | Sold | $150,000 | -16.7% | -- | View Prior Sale |
| 10/04/2016 10/04/16 | Pending | -- | -- | -- | |
| 06/14/2016 06/14/16 | Price Changed | $179,999 | -5.3% | -- | |
| 05/23/2016 05/23/16 | Price Changed | $189,999 | -5.0% | -- | |
| 03/10/2016 03/10/16 | Price Changed | $199,999 | -4.8% | -- | |
| 02/10/2016 02/10/16 | Price Changed | $209,999 | -6.7% | -- | |
| 01/04/2016 01/04/16 | For Sale | $225,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,084 | $66,530 | $27,840 | $38,690 |
| 2024 | $4,084 | $66,530 | $27,840 | $38,690 |
| 2023 | $4,047 | $66,530 | $27,840 | $38,690 |
| 2022 | $3,960 | $66,530 | $27,840 | $38,690 |
| 2021 | $3,940 | $66,530 | $27,840 | $38,690 |
| 2020 | $3,759 | $66,530 | $27,840 | $38,690 |
| 2019 | $3,690 | $66,530 | $27,840 | $38,690 |
| 2018 | $2,456 | $66,530 | $27,840 | $38,690 |
| 2017 | $3,389 | $66,530 | $27,840 | $38,690 |
| 2016 | $3,363 | $66,530 | $27,840 | $38,690 |
| 2015 | $3,282 | $66,530 | $27,840 | $38,690 |
| 2014 | $3,222 | $66,530 | $27,840 | $38,690 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Warner
-
Harrison Todd
Seller's Agent in 2016
Harrison Todd
Keller Williams Realty Devon-Wayne
(610) 662-9699
7 Total Sales
-
Patricia Packer
Buyer's Agent in 2016
Patricia Packer
BHHS Fox & Roach
(610) 246-5522
1 in this area
72 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2113014
APN: 13-00-21320-006
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