NOT LISTED FOR SALE

1114 Penn Ave Jeannette, PA 15644

Estimated Value: $135,000 - $163,000

-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $149,900

Est. 3% decrease in value since last sale

Current estimated payment $807/month

45 Days on Market

About This Home

As of May 2024

AMAZING OPPORTUNITY FOR A TURNKEY, HIGH INCOME PRODUCING TRIPLEX IN A BURGEONING AREA OF WEST JEANNETTE. THIS PROPERTY WAS RECENTLY RENOVATED AND IS FULLY OCCUPIED, AND BRINGING IN EXCELLENT INCOME WITH STEADY OCCUPANCY AND A GREAT CAP RATE. AS LOW MAINTENANCE FOR AN INVESTOR AS ONE COULD IMAGINE FOR AN ADDITION TO ANY PORTFOLIO. ONE UNIT IS SECTION 8 APPROVED AND HAS GUARANTEED INCOME AND A LONG TERM TENANT AT CURRENT RATES. AMPLE STORAGE IN AN UNFINISHED BASEMENT AND OFF STREET PARKING FOR TENANTS. AN INVESTOR'S DREAM - HIGH INCOME WITH LOW MAINTENANCE. COME SEE YOUR NEW INVESTMENT FIRSTHAND!

Last Agent to Sell the Property

Matthew O'Donnell

RE/MAX REALTY BROKERS Listed on: 04/12/2024

RE/MAX REALTY BROKERS

Last Buyer's Agent

Melissa Merriman

KELLER WILLIAMS REALTY License #AB069128

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,457

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 78x59x78x59

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Roof

Parking

  • 3 Parking Spaces
  • On-Street Parking

Additional Features

  • Unfinished Basement

Community Details

Building Details

  • Insurance Expense $1,900
  • Gross Income $30,720

Additional Features

  • 3 Units
  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,457

Lot Details

0

Listing Details

  • Municipality: Jeannette
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 78x59x78x59
  • Directions: ROUTE 130 TO RIGHT ON N 14TH STREET LEFT ONTO GASKILL AVENUE; RIGHT ON S 13TH STREET LEFT ONTO PENN AVENUE; PROPERTY ON RIGHT
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement YN: Yes

Exterior Features

  • Roof: Asphalt
  • Construction Type: Frame

Garage/Parking

  • Parking Features: On Street
  • Total Parking Spaces: 3.0

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Annual Utilities Expense: 6100.0

Condo/Co-op/Association

  • Community Features: Public Transportation

Schools

  • Junior High Dist: Jeannette City

Lot Info

  • Zoning: RES
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 30720.0
  • Insurance Expense: 1900.0

Tax Info

  • Tax Annual Amount: 1457.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 31, 2024
Sold by
Howm Realty Llc
Bought by
Sandler Kevin
Seller's Agent
Matthew O'Donnell
RE/MAX REALTY BROKERS
Buyer's Agent
Melissa Merriman
KELLER WILLIAMS REALTY
List Price
$149,900
Sold Price
$149,900
Views
20
Current Estimated Value
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,900
Avg. Annual Appreciation
2.29%
Original Mortgage
$142,400
Outstanding Balance
$141,241
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$12,759

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jul 15, 2021
Sold by
Defloria Properties Llc
Bought by
Howm Realty Llc
Seller's Agent
Dustin Nulf
NULF REAL ESTATE
Buyer's Agent
Matthew O'Donnell
RE/MAX REALTY BROKERS
List Price
$90,000
Sold Price
$83,000
Premium/Discount to List
-$7,000
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.78%
Original Mortgage
$68,000
Interest Rate
2.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 8, 2015
Sold by
Pittsburgh Property Guy Llc
Bought by
Defloria Properties Llc

Purchase Details

Closed on
May 1, 2015
Sold by
Uemoto Shinobu
Bought by
Pittsburgh Property Guy Llc

Purchase Details

Closed on
Mar 27, 2006
Sold by
Jacobelli Jeffrey A and Reynolds Joan M
Bought by
Uemoto Shinobu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,800
Interest Rate
6.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 17, 2006
Sold by
Commerce Reo Properties Inc
Bought by
Jacobelli Jeffrey A and Reynolds Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,800
Interest Rate
6.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 26, 2004
Sold by
Commerce Reo Inc
Bought by
Jacobelli Jeffrey A and Reynolds Joan M

Purchase Details

Closed on
Feb 24, 2004
Sold by
Fox Diane
Bought by
Commerce Reo Properties Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sandler Kevin $149,900 None Listed On Document
Howm Realty Llc $83,000 Assured Settlement Solutions
Defloria Properties Llc $36,000 None Available
Pittsburgh Property Guy Llc $26,000 None Available
Uemoto Shinobu $34,800 None Available
Jacobelli Jeffrey A -- None Available
Jacobelli Jeffrey A $15,000 --
Commerce Reo Properties Inc $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandler Kevin $142,400
Previous Owner Howm Realty Llc $68,000
Previous Owner Defloria Properties Llc $200,000
Previous Owner Uemoto Shinobu $40,000
Previous Owner Uemoto Shinobu $31,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $149,900 0.0% --
05/28/2024 05/28/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $149,900 +80.6% --
07/15/2021 07/15/21 Sold $83,000 -7.8% --
04/15/2021 04/15/21 For Sale $90,000 -- --
Source: West Penn Multi-List

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 $77 $500 $500 $0
2024 $77 $500 $500 $0
2023 $73 $500 $500 $0
2022 $73 $500 $500 $0
2021 $73 $500 $500 $0
2020 $73 $500 $500 $0
2019 $71 $500 $500 $0
2018 $70 $500 $500 $0
2017 $70 $500 $500 $0
2016 $68 $500 $500 $0
2015 $68 $500 $500 $0
2014 $68 $500 $500 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew O'Donnell

    Seller's Agent in 2024

    Matthew O'Donnell

    RE/MAX

    (412) 414-1505

    7 in this area

    123 Total Sales

    Section Image
  • Melissa Merriman

    Buyer's Agent in 2024

    Melissa Merriman

    KELLER WILLIAMS REALTY

    (412) 610-4188

    26 in this area

    484 Total Sales

    Section Image
  • Dustin Nulf

    Seller's Agent in 2021

    Dustin Nulf

    NULF REAL ESTATE

    (412) 912-1128

    5 in this area

    232 Total Sales

    Section Image
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Map

Source: West Penn Multi-List

MLS Number: 1648772

West Penn Multi-List

APN: 14-01-11-0-264

Pennsylvania Westmoreland County Jeannette 15644

1114 Penn Ave, Jeannette, PA

This home is located at 1114 Penn Ave, Jeannette, PA 15644 since 12 April 2024 and is currently estimated at $146,000. 1114 Penn Ave is a home located in Westmoreland County with nearby schools including Jeannette McKee Elementary School, Jeannette Mckee Middle School, and Jeannette Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

West Penn Multi-List IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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