NOT LISTED FOR SALE

Estimated Value: $414,000 - $454,000

-- Bed
2 Baths
2,216 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $240,000 $108 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,660/month

58 Days on Market

Highlights

  • Tennis Courts
  • Shed
  • En-Suite Primary Bedroom
  • No HOA
  • Tile or Brick Flooring
  • Central Air

About This Home

As of July 2016

Great Investment Opportunity! Nicely updated duplex in desirable Pennridge School District. Each unit features 2 spacious bedrooms, a full bath with tile floors, an updated kitchen with tile floors, in-unit washer and dryer, patio/balcony, and storage shed. There is off street parking for 4 cars, the back yard opens to community space and there are tennis courts down the street. Newer Roof, Replacement windows downstairs, New Heat Pumps, Replaced Water Heaters, Newer appliances, newer flooring... and separately metered! Tenants pay heat, hot water, electric, water, and sewer. Great tenants in place who would like to stay... or live in one and rent the other. This is the investment opportunity you have been waiting for.

Last Agent to Sell the Property

Angie Haug

Keller Williams Real Estate-Doylestown License #RS221926L Listed on: 04/20/2016

Keller Williams Real Estate-Doylestown

Last Buyer's Agent

Andrew Moyer

RE/MAX 440 - Perkasie

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1982

Lot Details

  • 6,200 Sq Ft Lot
  • Lot Dimensions are 40x155
  • Property is in good condition

Parking

  • 4 Open Parking Spaces

Home Design

  • 2,216 Sq Ft Home
  • Duplex
  • Aluminum Siding
  • Stucco

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile or Brick

Outdoor Features

  • Tennis Courts
  • Shed
  • Storage Shed

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number 01-023-043

Community Details

Overview

  • No Home Owners Association
  • Stonebridge Subdivision

Building Details

  • Other Expense $580
  • Operating Expense $4,135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,624

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: Washers (2), Dryers (2), Refrigerators (2) All In "As Is" Condition
  • New Construction: No
  • Other Expense: 580.00
  • Storage: Shed
  • Year Built: 1982
  • Remarks Public: Great Investment Opportunity! Nicely updated duplex in desirable Pennridge School District. Each unit features 2 spacious bedrooms, a full bath with tile floors, an updated kitchen with tile floors, in-unit washer and dryer, patio/balcony, and storage shed. There is off street parking for 4 cars, the back yard opens to community space and there are tennis courts down the street. Newer Roof, Replacement windows downstairs, New Heat Pumps, Replaced Water Heaters, Newer appliances, newer flooring... and separately metered! Tenants pay heat, hot water, electric, water, and sewer. Great tenants in place who would like to stay... or live in one and rent the other. This is the investment opportunity you have been waiting for.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2216
  • Living Area Sq Ft: 2216
  • Price Per Sq Ft: 119.58
  • Above Grade Finished Sq Ft: 2216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 109

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Stucco
  • Exterior Features: Tennis Court(s)
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PENNRIDGE
  • School District Key: 300200397141

Lot Info

  • Improvement Assessed Value: 18520.00
  • Land Assessed Value: 3320.00
  • Land Use Code: 1012
  • Lot Size Acres: 0.14
  • Lot Dimensions: 40X155
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6200.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 23976.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1900
  • Tax Annual Amount: 3624.00
  • Assessor Parcel Number: 01-023-043
  • Tax Lot: 043
  • Tax Year: 2016
  • Close Date: 07/28/2016

MLS Schools

  • School District Name: PENNRIDGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2016
Closed on
Jul 28, 2016
Sold by
Mekanik Steven and Mekanik Jacqueline
Bought by
Jf Perott Investments Llc
Seller's Agent
Angie Haug
Keller Williams Real Estate-Doylestown
Buyer's Agent
Andrew Moyer
RE/MAX 440 - Perkasie
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Current Estimated Value
$431,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,345
Avg. Annual Appreciation
6.68%

Purchase Details

Closed on
Feb 11, 2008
Sold by
Damiani Brian and Damiani Janice
Bought by
Mekanik Steven and Mekanik Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,850
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2004
Sold by
Faia Giovanni and Faia Julia E
Bought by
Damiani Brian and Damiani Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2000
Sold by
Balzer Mark
Bought by
Faia Giovanni and Faia Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,391
Interest Rate
8.07%
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
Jf Perott Investments Llc $240,000 None Available
Mekanik Steven $236,500 None Available
Damiani Brian $216,000 --
Faia Giovanni $135,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mekanik Steven $100,000
Previous Owner Mekanik Steven $192,000
Previous Owner Mekanik Steven $212,850
Previous Owner Damiani Brian $194,400
Previous Owner Faia Giovanni $134,391
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $240,000 -9.4% $108 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $265,000 0.0% $120 / Sq Ft
05/01/2015 05/01/15 Rented $1,050 0.0% --
04/12/2015 04/12/15 Under Contract -- -- --
03/04/2015 03/04/15 For Rent $1,050 0.0% --
03/01/2012 03/01/12 Rented $1,050 0.0% --
02/10/2012 02/10/12 Under Contract -- -- --
01/19/2012 01/19/12 For Rent $1,050 -- --
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
2024 $3,717 $21,840 $3,320 $18,520
2023 $3,674 $21,840 $3,320 $18,520
2022 $3,674 $21,840 $3,320 $18,520
2021 $3,674 $21,840 $3,320 $18,520
2020 $3,674 $21,840 $3,320 $18,520
2019 $3,652 $21,840 $3,320 $18,520
2018 $3,652 $21,840 $3,320 $18,520
2017 $3,624 $21,840 $3,320 $18,520
2016 $3,624 $21,840 $3,320 $18,520
2015 -- $21,840 $3,320 $18,520
2014 -- $21,840 $3,320 $18,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002584721

Bright MLS

APN: 01-023-043