NOT LISTED FOR SALE

104 Mckinley Ave Lansdowne, PA 19050

Estimated Value: $227,000 - $361,000

-- Bed
3 Baths
2,739 Sq Ft
$105/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $120,000 $44 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,273/month

43 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Forced Air Heating System
  • 1 Car Detached Garage

About This Home

As of March 2018

Large twin triplex offering strong upside / value added potential. Garage also rented for $50/month to a long-term tenant. Owner has kept rents below market to retain long-time tenants. First floor vacant - features new carpets, new ceramic tile in bath, and repainted. Second floor apt. (1 BR) just vacated & being marketed for rent. Updated central gas furnace (FWA) and domestic water heater (1) - owner pays all utilities except for electric. Features include a hard wired fire/smoke alarm system, a wrought iron fire escape, and ornamental / inactive fireplaces in first & 2nd floor units. Electric is 60-amp fuse to each apartment but 200-amp service cable. Room at back of first floor could be converted to a common laundry room with modifications. Property recently inspected by Borough for annual rental licenses. Property is priced aggressively - owner looking for an "AS IS" sale with purchaser responsible for any U&O repairs.

Last Agent to Sell the Property

TIMOTHY RYAN

Chamberlain + Ryan Real Estate LLC Listed on: 12/13/2017

Co-Listed By

Kevin Ryan

Chamberlain + Ryan Real Estate LLC License #RB067807

Last Buyer's Agent

Dyan Nelson Blass

Keller Williams Main Line License #RS274282

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 36x135

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,739 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Ardmore Avenue Elementary School
  • Penn Wood Middle School
  • Penn Wood High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • 60 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 218-000
  • Assessor Parcel Number 23-00-02251-00

Community Details

Overview

  • No Home Owners Association
  • Lansdowne Subdivision

Building Details

  • Income includes parking
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Operating Expense $12,159

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: Refrigerators In Each Unit
  • New Construction: No
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: Large twin triplex offering strong upside / value added potential. Garage also rented for $50/month to a long-term tenant. Owner has kept rents below market to retain long-time tenants. First floor vacant - features new carpets, new ceramic tile in bath, and repainted. Second floor apt. (1 BR) just vacated & being marketed for rent. Updated central gas furnace (FWA) and domestic water heater (1) - owner pays all utilities except for electric. Features include a hard wired fire/smoke alarm system, a wrought iron fire escape, and ornamental / inactive fireplaces in first & 2nd floor units. Electric is 60-amp fuse to each apartment but 200-amp service cable. Room at back of first floor could be converted to a common laundry room with modifications. Property recently inspected by Borough for annual rental licenses. Property is priced aggressively - owner looking for an "AS IS" sale with purchaser responsible for any U&O repairs.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2739
  • Living Area Sq Ft: 2739
  • Price Per Sq Ft: 51.11
  • Above Grade Finished Sq Ft: 2739
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 104

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 Spaces: 1.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Driveway, Detached Garage

Utilities

  • Annual Heating Expense: 2000.00
  • Central Air Conditioning: No
  • Electric Service: 60 Amp Service, 200+ Amp Service, Fuses
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WILLIAM PENN
  • Elementary School: ARDMORE AVENUE SCHOOL
  • Middle School: PENN WOOD
  • High School: PENN WOOD
  • School District Key: 300200397351
  • Elementary School: ARDMORE AVENUE SCHOOL
  • High School: PENN WOOD
  • Middle Or Junior School: PENN WOOD

Lot Info

  • Land Use Code: R-30
  • Lot Size Acres: 0.11
  • Lot Dimensions: 36X135
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Attached Yn: Yes
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 16500.00
  • Income Includes: Parking
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 493448
  • Tax Annual Amount: 5159.00
  • Assessor Parcel Number: 23-00-02251-00
  • Tax Lot: 218-000
  • Tax Year: 2017
  • Close Date: 03/16/2018

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2017
Closed on
Mar 7, 2018
Sold by
Mathes John J
Bought by
Evans Corey
Seller's Agent
TIMOTHY RYAN
Chamberlain + Ryan Real Estate LLC
Buyer's Agent
Dyan Nelson Blass
Keller Williams Main Line
List Price
$140,000
Sold Price
$120,000
Premium/Discount to List
-$20,000
-14.29%
Current Estimated Value
$287,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,501
Avg. Annual Appreciation
12.26%
Original Mortgage
$117,826
Outstanding Balance
$102,257
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$182,426

Purchase Details

Closed on
Oct 18, 1994
Sold by
Mathes John J and Mathes Elaine B
Bought by
Mathes John J
Source: Public Records

Range of Values:

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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
Evans Corey $120,000 Del Val Settlements Llc
Mathes John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Corey M $4,387
Open Evans Corey M $12,241
Open Evans Corey $117,826
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $120,000 -14.3% $44 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
12/13/2017 12/13/17 For Sale $140,000 -- $51 / 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 $8,510 $206,700 $35,830 $170,870
2024 $8,510 $206,700 $35,830 $170,870
2023 $8,114 $206,700 $35,830 $170,870
2022 $7,954 $206,700 $35,830 $170,870
2021 $11,945 $206,700 $35,830 $170,870
2020 $5,349 $81,560 $23,450 $58,110
2019 $5,259 $81,560 $23,450 $58,110
2018 $5,169 $81,560 $0 $0
2017 $5,055 $81,560 $0 $0
2016 $448 $81,560 $0 $0
2015 $448 $81,560 $0 $0
2014 $448 $81,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004328723

Bright MLS

APN: 23-00-02251-00