NOT LISTED FOR SALE

113 Ardmore Ave Ardmore, PA 19003

Estimated Value: $863,278

-- Bed
2 Baths
-- Sq Ft
0.46 Acres

Last Sold February 20, 2015

Last sale price $470,000

Est. 84% increase in value since last sale

Current estimated payment $5,260/month

14 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Asbestos
  • Penn Wynne Elementary School Rated A+
  • En-Suite Primary Bedroom
  • 4-minute walk to Vernon Young Memorial Park

About This Home

As of February 2015

Great opportunity in Lower Merion. Multiple Use Property. Twin/Duplex with Two Apartments(1st Floor -1 Bedroom 1 Bath, 2nd/3rd Floor - 3 Bedroom, 1 bath; currently occupied)Off street Parking for Apartments. The Current Owners have a Lawn Mower Sales/Repair/Service Business. Multiple garages, Office area with customer shop/showroom (air conditioned). Other Garages have multiple bays for repair/storage. The business is fully fenced, security system and separate from the apartments in the front of the property. It is zoned R6A - in Lower Merion and allows for a Lawn Mowing Sales/Service. Buildings are in good shape, well maintained and there is plenty of driveway space for customers. Great location - close to the heart of Ardmore, public transportation and good visibility from the street. All Zoning/Variance inguiries - call Listing Agent to get contact info for LM Township Personnel.

Last Listed By

Katherine Binnion

Compass RE License #RS278284 Listed on: 11/14/2014

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,450

Year Built

  • Built in 1961

Lot Details

  • 0.46 Acre Lot
  • Property is in good condition

Home Design

  • Shingle Siding
  • Asbestos

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Bala Cynwyd Middle School
  • Lower Merion High School

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 413
  • Assessor Parcel Number 40-00-01380-002

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $3,000
  • Operating Expense $10,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,450

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1961
  • Remarks Public: Great opportunity in Lower Merion. Multiple Use Property. Twin/Duplex with Two Apartments(1st Floor -1 Bedroom 1 Bath, 2nd/3rd Floor - 3 Bedroom, 1 bath; currently occupied)Off street Parking for Apartments. The Current Owners have a Lawn Mower Sales/Repair/Service Business. Multiple garages, Office area with customer shop/showroom (air conditioned). Other Garages have multiple bays for repair/storage. The business is fully fenced, security system and separate from the apartments in the front of the property. It is zoned R6A - in Lower Merion and allows for a Lawn Mowing Sales/Service. Buildings are in good shape, well maintained and there is plenty of driveway space for customers. Great location - close to the heart of Ardmore, public transportation and good visibility from the street. All Zoning/Variance inguiries - call Listing Agent to get contact info for LM Township Personnel.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit
  • Street Number Modifier: 113

Exterior Features

  • Construction Materials: Shingle Siding, Asbestos
  • 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
  • Total Garage And Parking Spaces: 8

Utilities

  • Annual Heating Expense: 3000.00
  • Central Air Conditioning: No
  • Electric Expense: 3000.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: LOWER MERION
  • Middle School: BALA CYNWYD
  • High School: LOWER MERION
  • School District Key: 300200396851
  • High School: LOWER MERION
  • Middle Or Junior School: BALA CYNWYD

Lot Info

  • Land Use Code: 4280
  • Lot Size Acres: 0.46
  • Lot Dimensions: 50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20124.00
  • Property Condition: Good
  • Zoning: R6A

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 716537
  • Tax Annual Amount: 4450.00
  • Assessor Parcel Number: 40-00-01380-002
  • Tax Lot: 413
  • Tax Year: 2015
  • Close Date: 02/20/2015

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2014
Closed on
Feb 15, 2015
Sold by
Forlano Louis and Forlano Donna L
Bought by
Neill Realty 113 Lp
Seller's Agent
Katherine Binnion
Compass RE
Buyer's Agent
Jordan Arnold
Compass RE
List Price
$499,000
Sold Price
$470,000
Premium/Discount to List
-$29,000
-5.81%
Total Days on Market
14
Current Estimated Value
$863,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,278
Avg. Annual Appreciation
6.41%
Original Mortgage
$352,500
Outstanding Balance
$276,798
Interest Rate
3.66%
Mortgage Type
Commercial
Estimated Equity
$610,037

Purchase Details

Closed on
Feb 5, 2004
Sold by
Santoleri Albert L and Santoleri Nicholas C
Bought by
Forlano Louis and Forlano Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,200
Interest Rate
5.83%
Mortgage Type
Commercial

Range of Values:

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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
Neill Realty 113 Lp $470,000 None Available
Forlano Louis $374,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neill Realty 113 Lp $352,500
Previous Owner Forlano Louis $299,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2015 02/20/15 Sold $470,000 -5.8% --
11/28/2014 11/28/14 Pending -- -- --
11/14/2014 11/14/14 For Sale $499,000 -- --
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 $5,688 $136,190 $44,360 $91,830
2023 $5,451 $136,190 $44,360 $91,830
2022 $5,350 $136,190 $44,360 $91,830
2021 $5,228 $136,190 $44,360 $91,830
2020 $5,100 $136,190 $44,360 $91,830
2019 $5,010 $136,190 $44,360 $91,830
2018 $5,010 $136,190 $44,360 $91,830
2017 $4,826 $136,190 $44,360 $91,830
2016 $4,773 $136,190 $44,360 $91,830
2015 $4,450 $136,190 $44,360 $91,830
2014 $4,450 $136,190 $44,360 $91,830
Source: Public Records

Agents Affiliated with this Home

  • Katherine Binnion

    Seller's Agent in 2015

    Katherine Binnion

    Compass RE

    (484) 433-2358

    2 in this area

    44 Total Sales

    Katherine Binnion
    Section Image
  • Jordan Arnold

    Buyer's Agent in 2015

    Jordan Arnold

    Compass RE

    (215) 479-5800

    5 in this area

    68 Total Sales

    Jordan Arnold
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003461769

Bright MLS

APN: 40-00-01380-002

Pennsylvania Montgomery County Ardmore 19003

113 Ardmore Ave, Ardmore, PA

Homes for Sale in Ardmore, PA

This home is located at 113 Ardmore Ave, Ardmore, PA 19003 since 14 November 2014 and is currently estimated at $863,278. This property was built in 1961. 113 Ardmore Ave is a home located in Montgomery County with nearby schools including Penn Wynne Elementary School, Bala-Cynwyd Middle School, and Lower Merion High School.

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