NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1955 Built

Sale Details

Date Sold: March 31, 2022

Last sale price $730,000 $0 Per Sq Ft

8 Days on Market

Highlights

  • Colonial Architecture
  • Radiator
  • 2-minute walk to Veterans Park

About This Home

As of March 2022

Welcome to 107 East Ridley Avenue, Ridley Park Pa! Don't Miss This Unique Opportunity to Own an Historic 6 Unit Apartment Building in a Desirable Residential Community! Net Operating Income: $55,823! Property Consists of a Meticulously Maintained 6 Unit Apartment Building Containing (2) 1 Bed/1 Bath Apartments; (1) 2 Bed/2 Bath Apartment; and (3) 2 Bed/1 Bath Apartments. All Units are Currently Occupied with Minimal Vacancies During Present Ownership. The Property Features Large Yard, Porch and Storage Spaces. Hardwood Floors and Historic Architectural Touches Throughout. A Detached Garage with Driveway Provides Additional Opportunity for Rental Income. Extras Include: Walking Distance to Schools, Shopping, Parks, Public Transportation and Train Station. Minutes to 95, 476, Philadelphia International Airport, Boeing with Short Commutes to Center City, Wilmington DE & King of Prussia. All Utilities have Been Separated and Tenants are Responsible for Their Own Heat/Electric and Hot Water. Laundry Located on Property. Rent Rolls are Available Upon Request.

Last Agent to Sell the Property

Mike Mulholland

(610) 892-8300 mediaoffice@longandfoster.com Long & Foster Real Estate, Inc. License #RS277114 Listed on: 02/23/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Wendy Roberts

(610) 892-8300 mediaoffice@longandfoster.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Robert Stranix

(610) 924-7284 connoreichmanre@gmail.com Premier Property Management & Realty LLC License #rs354292

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,088

Year Built

  • Built in 1955

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture

Lot Details

  • Lot Dimensions are 115.00 x 165.00

Utilities

  • Radiator
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • Operating Expense $28,497
  • Gross Income $86,040
  • Net Operating Income $55,823

Listing and Financial Details

  • Tax Lot 330-000
  • Assessor Parcel Number 37-00-01756-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,088

Year Built

Built in 1955

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 266290.00
  • Land Assessed Value: 112280.00
  • Lot Dimensions: 115.00 x 165.00
  • Lot Size Units: Square Feet
  • Zoning: A-50

Rental Info

  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 541283
  • School Tax: 8966.00
  • Tax Annual Amount: 12088.00
  • Assessor Parcel Number: 37-00-01756-00
  • Tax Lot: 330-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Gross Income: 84319.00
  • Gross Scheduled Income: 86040.00
  • Operating Expense: 28497.00
  • Vacancy Allowance Rate: 2.00

MLS Schools

  • School District Name: RIDLEY

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 24, 2022
Sold by
Bought by
Seller's Agent
Mike Mulholland
Long & Foster Real Estate, Inc.
Buyer's Agent
Robert Stranix
Premier Property Management & Realty LLC
List Price
$799,900
Sold Price
$730,000
Premium/Discount to List
-$69,900
-8.74%

Purchase Details

Listed on
Jan 4, 2012
Closed on
May 17, 2012
Sold by
Bought by
Seller's Agent
Matthew Russo
BHHS Fox & Roach-Media
Buyer's Agent
Rita Caplan
BHHS Fox & Roach-Haverford
List Price
$359,900
Sold Price
$261,600
Premium/Discount to List
-$98,300
-27.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ridley Park, PA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$730,000 Interstate Abstract
$261,600 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $730,000 -8.7% --
03/03/2022 03/03/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $799,900 +205.8% --
05/17/2012 05/17/12 Sold $261,600 -27.3% -- View Prior Sale
04/13/2012 04/13/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $359,900 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $21,175 $531,440 $112,280 $419,160
2025 $21,175 $531,440 $112,280 $419,160
2024 $18,453 $531,440 $112,280 $419,160
2023 $17,643 $531,440 $112,280 $419,160
2022 $12,089 $378,570 $112,280 $266,290
2021 $18,637 $378,570 $112,280 $266,290
2020 $12,471 $221,500 $102,040 $119,460
2019 $12,234 $221,500 $102,040 $119,460
2018 $11,881 $221,500 $0 $0
2017 $11,881 $221,500 $0 $0
2016 $1,216 $221,500 $0 $0
2015 $1,216 $221,500 $0 $0
2014 $1,240 $221,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PADE2019554

Bright MLS

APN: 37-00-01756-00

Your Personal Tour Guide

Ask me questions while you tour the home.