NOT LISTED FOR SALE

Estimated Value: $123,986 - $155,000

-- Bed
2 Baths
1,440 Sq Ft
$100/Sq Ft Est. Value

Last Sold October 18, 2013

Last sale price $41,500 $29 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $973/month

349 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 2-minute walk to West Fairview Park
  • Patio

About This Home

As of October 2013

Great 2 unit with positive cash flow. Current owner has taken very good care of the units, with great tenants - able to rent easily. Low maintenance, tenants pay heat and utilities. Cheap taxes, upgraded electric. Live in one and rent the other out. Washer dryer and storage in a room that could be a children?s bedroom. Lots of options?.

Last Listed By

Jeffrey Dapp

Joy Daniels Real Estate Group, Ltd Listed on: 10/05/2012

Joy Daniels Real Estate Group, Ltd

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 4,356

Home Design

  • 1,440 Sq Ft Home
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Parking

  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Gas Oven or Range
  • Patio
  • 4,356 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, heat
  • The owner pays for real estate taxes
  • Assessor Parcel Number 45171044240

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $500
  • Trash Expense $720
  • Operating Expense $3,643
  • Net Operating Income $8,297

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: Great 2 unit with positive cash flow. Current owner has taken very good care of the units, with great tenants - able to rent easily. Low maintenance, tenants pay heat and utilities. Cheap taxes, upgraded electric. Live in one and rent the other out. Washer dryer and storage in a room that could be a children?s bedroom. Lots of options?.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Fireplace: No
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 31.25
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1119

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Construction Completed: No
  • Roof: Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1104.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: EAST PENNSBORO AREA
  • School District Key: 300200396456

Lot Info

  • Lot Size Acres: 0.10
  • Outdoor Living Structures: Patio(s)
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Taxes - Real Estate
  • Tenant Pays: Electricity, Heat
  • Vacation Rental: No

Multi Family

  • Gross Income: 11940.00
  • Operating Expense: 3643.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Assessor Parcel Number: 11086049
  • Tax Annual Amount: 1319.00
  • Assessor Parcel Number: 45171044240
  • Tax Year: 2012
  • Close Date: 10/18/2013

MLS Schools

  • School District Name: EAST PENNSBORO AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2019
Sold by
Ctd Group Llc
Bought by
Iron Legacy Group Llc
Total Days on Market
349
Current Estimated Value
$144,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Outstanding Balance
$63,622
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$80,875

Purchase Details

Listed on
Oct 5, 2012
Closed on
Oct 16, 2013
Sold by
Penchoff Mary K
Bought by
Ctd Group
Seller's Agent
Jeffrey Dapp
Joy Daniels Real Estate Group, Ltd
Buyer's Agent
HAROLD WILSON
Better Homes and Gardens Real Estate Capital Area
List Price
$119,900
Sold Price
$41,500
Premium/Discount to List
-$78,400
-65.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$80,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 5, 2012
Closed on
Oct 14, 2013
Sold by
Scheidler John
Bought by
Penchoff Mary K
Seller's Agent
Jeffrey Dapp
Joy Daniels Real Estate Group, Ltd
Buyer's Agent
HAROLD WILSON
Better Homes and Gardens Real Estate Capital Area
List Price
$119,900
Sold Price
$41,500
Premium/Discount to List
-$78,400
-65.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2003
Sold by
Miller Ralph L
Bought by
Penchoff Mary K

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
Iron Legacy Group Llc $106,465 None Available
Ctd Group $41,500 --
Penchoff Mary K -- --
Penchoff Mary K $70,400 --
Penchoff Mary K $70,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iron Legacy Group Llc $71,250
Previous Owner Ctd Group Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2013 10/18/13 Sold $41,500 -65.4% $29 / Sq Ft
09/19/2013 09/19/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $119,900 -- $83 / 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 $2,054 $99,500 $17,900 $81,600
2024 $1,937 $99,500 $17,900 $81,600
2023 $1,828 $99,500 $17,900 $81,600
2022 $1,718 $99,500 $17,900 $81,600
2021 $1,689 $99,500 $17,900 $81,600
2020 $12,735 $99,500 $17,900 $81,600
2019 $1,630 $99,500 $17,900 $81,600
2018 $1,612 $99,500 $17,900 $81,600
2017 -- $99,500 $17,900 $81,600
2016 -- $99,500 $17,900 $81,600
2015 -- $99,500 $17,900 $81,600
2014 -- $99,500 $17,900 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000039368

Bright MLS

APN: 45-17-1044-240