NOT LISTED FOR SALE

110 Lafayette St Kennett Square, PA 19348

Kennett Square Area

Estimated Value: $500,000 - $523,173

Studio
2 Baths
1,592 Sq Ft
$322/Sq Ft Est. Value

Sale Details

Date Sold: September 7, 2023

Last sale price $485,000 $305 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,865 / mo

Highlights

  • Wood Flooring
  • More Than Two Accessible Exits
  • Hot Water Heating System
  • Kennett High School Rated A-

About This Home

As of September 2023

Fantastic investment opportunity in the heart of Kennett Square borough for this 2-unit duplex. Each unit has 2 Bedrooms and 1 Bath with large Family Room, Dining Room and Kitchen with a back porch and access to basement laundry. Both units are currently rented and have been freshly painted with all new lighting. Top floor has brand new wall-to-wall carpet and mirrors the 1st floor layout. Both units currently rented in 1 year leases for $1,750/month. This is a fantastic opportunity to own an investment property with walking distance to restaurants and shopping and easy access to all major routes in award-winning Kennett Consolidated SD!!

Last Agent to Sell the Property

Rory Burkhart

(888) 397-7352 pa.broker@exprealty.net EXP Realty, LLC License #RS-0017589 Listed on: 08/12/2023

EXP Realty, LLC

Last Buyer's Agent

Norma Ocampo

(610) 347-1100 remaxexcellencesells@gmail.com RE/MAX Excellence - Kennett Square License #RS332796

RE/MAX Excellence - Kennett Square

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1940

Lot Details

  • 6,401

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,592 Sq Ft Home
  • Wood Flooring
  • Basement
  • Rear Basement Entry

Parking

  • 1 Parking Space
  • 1 Driveway Space
  • On-Street Parking

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • 6,401 Sq Ft Lot

Listing and Financial Details

  • The owner pays for real estate taxes
  • Tax Lot 0232
  • Assessor Parcel Number 03-02 -0232

Community Details

Overview

  • 2 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $5,100
  • Gross Income $42,000
  • Net Operating Income $36,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,185

Year Built

Built in 1940

Lot Details

6,401 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Unit/Flat
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-08-12
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance
  • Total Sq Ft: 1592
  • Living Area Sq Ft: 1592
  • Price Per Sq Ft: 304.65
  • Above Grade Finished Sq Ft: 1592
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6401.00
  • Zoning: COMMERCIAL/RESID

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 42000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3560.00
  • Tax Annual Amount: 5185.00
  • Assessor Parcel Number: 03-02 -0232
  • Tax Lot: 0232
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Gross Scheduled Income: 42000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5100.00

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

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
Aug 12, 2023
Closed on
Sep 6, 2023
Sold by
Bought by
Seller's Agent
Rory Burkhart
EXP Realty, LLC
Buyer's Agent
Norma Ocampo
RE/MAX Excellence - Kennett Square
List Price
$485,000
Sold Price
$485,000
Views
55
Current Estimated Value
$513,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,391
Avg. Annual Appreciation
1.94%

Purchase Details

Listed on
Sep 17, 2021
Closed on
Jan 17, 2022
Sold by
Bought by
Seller's Agent
Rory Burkhart
EXP Realty, LLC
Buyer's Agent
Rory Burkhart
EXP Realty, LLC
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.93%

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 28, 2021
Sold by
Bought by
Seller's Agent
Rory Burkhart
EXP Realty, LLC
Buyer's Agent
Rory Burkhart
EXP Realty, LLC
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Kennett Square, PA

  • John Bell Real Estate Agent - RE/MAX Integrity

    John Bell

    RE/MAX Integrity

    (484) 989-9360

    71 Total Sales

    2 in Kennett Square

    $160K - $165K Price Range

    John Bell
     Section Image
  • Jerry Strusowski Real Estate Agent - BHHS Fox & Roach-Kennett Sq

    Jerry Strusowski

    BHHS Fox & Roach-Kennett Sq

    (302) 504-6332

    44 Total Sales

    2 in Kennett Square

    $335K - $790K Price Range

    Jerry Strusowski
     Section Image
  • Dustin Oldfather Real Estate Agent - Compass

    Dustin Oldfather

    Compass

    (302) 393-2276

    1,399 Total Sales

    1 in Kennett Square

    $330,000 Price

    Dustin Oldfather
     Section Image
  • Rob Gerrard Real Estate Agent - CG Realty, LLC

    Rob Gerrard

    CG Realty, LLC

    (856) 409-7331

    150 Total Sales

    1 in Kennett Square

    $312,120 Price

    Rob Gerrard
     Section Image
  • David Landon Real Estate Agent - Patterson-Schwartz-Newark

    David Landon

    Patterson-Schwartz-Newark

    (484) 779-6763

    335 Total Sales

    1 in Kennett Square

    $300,000 Price

    David Landon
     Section Image
  • Joseph Robins Real Estate Agent - Morgan Francis Realty

    Joseph Robins

    Morgan Francis Realty

    (484) 922-9526

    46 Total Sales

    1 in Kennett Square

    $2,250,000 Price

    Joseph Robins
     Section Image
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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
$485,000 None Listed On Document
$691,000 Professional Land Services Llc
$355,000 Professional Land Svcs Llc
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $266,250
Previous Owner $240,000
Previous Owner $78,000
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
09/07/2023 09/07/23 Sold $485,000 0.0% $305 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $485,000 0.0% $305 / Sq Ft
06/01/2023 06/01/23 Rented $1,750 0.0% --
05/08/2023 05/08/23 Under Contract -- -- --
05/02/2023 05/02/23 For Rent $1,750 0.0% --
11/18/2021 11/18/21 Sold $355,000 0.0% $223 / Sq Ft View Prior Sale
09/17/2021 09/17/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $355,000 -- $223 / Sq Ft
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 $570 $109,760 $30,820 $78,940
2025 $5,348 $109,760 $30,820 $78,940
2024 $5,348 $109,760 $30,820 $78,940
2023 $5,185 $109,760 $30,820 $78,940
2022 $4,739 $109,760 $30,820 $78,940
2021 $4,696 $109,760 $30,820 $78,940
2020 $4,617 $109,760 $30,820 $78,940
2019 $4,562 $109,760 $30,820 $78,940
2018 $4,456 $109,760 $30,820 $78,940
2017 $4,386 $109,760 $30,820 $78,940
2016 $435 $109,760 $30,820 $78,940
2015 $435 $109,760 $30,820 $78,940
2014 $435 $109,760 $30,820 $78,940
Source: Public Records

Agents Affiliated with this Home

  • Rory Burkhart Real Estate Agent - EXP Realty, LLC

    Seller's Agent in 2023

    Rory Burkhart

    EXP Realty, LLC

    (610) 470-6131

    295 Total Sales

    Rory Burkhart
    Section Image
  • Norma Ocampo Real Estate Agent - RE/MAX

    Buyer's Agent in 2023

    Norma Ocampo

    RE/MAX

    (610) 880-1062

    53 Total Sales

    Norma Ocampo
    Section Image
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Map

Source: Bright MLS

MLS Number: PACT2050496

Bright MLS

APN: 0302 02320000

Pennsylvania Chester County Kennett Square 19348

110 Lafayette St, Kennett Square, PA

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