NOT LISTED FOR SALE

113 S Spring St Bellefonte, PA 16823

Estimated Value: $497,792

Studio
-- Bath
6,975 Sq Ft
$71/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $379,000 $54 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,275/month

12 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 3-minute walk to Talleyrand Park

About This Home

As of April 2021

GREAT INVESTMENT OPPORTUNITY: 7-Unit Investment Property fully rented with great rental history. This mixed-use rental property is located in the Bellefonte Borough 1/2 block off of High Street. There are 5 residential and 2 commercial/office units in 2 separate buildings on the property. The current owners have completed many updates to the property during their ownership including, windows, paint, insulation, various mechanical updates/replacements, and many others. Several of the leases have been renewed recently so the new owners can just continue to manage the property and collect the rent. The property is conveniently located in the Bellefonte Borough 1/2 block off of High Street. Bellefonte, PA is the Centre County seat and this property is approximately 2 blocks from the county courthouse, various law offices, and the downtown retail district. The property is also located in a Qualified Opportunity Zone which may allow for certain investment tax benefits.

Last Agent to Sell the Property

Tommy Songer

(814) 237-5384 info@gsarealty.com Better Homes & Gardens Real Estate - GSA Realty License #a083g00000MgpQ3 Listed on: 01/18/2021

Better Homes & Gardens Real Estate - GSA Realty

Last Buyer's Agent

Lara Villanueva

(814) 234-4000 realty@1kbb.com Kissinger, Bigatel & Brower License #RS313416

Kissinger, Bigatel & Brower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,934

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Rubber Roof

Parking

  • Assigned parking located at #6
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 7 Units
  • 6,975 Sq Ft Building
  • Bellefonte Borough Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32-303-,050-,0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,934

Year Built

Built in 1900

Lot Details

0.26 Acres

Listing Details

  • Property Type: Multi-Family
  • Building Total Sq Ft: 6975.00
  • Exclusions: Tenant furniture, commercial trade fixtures.
  • Inclusions: Appliances in all units.
  • New Construction: No
  • Federal Flood Zone: No
  • Year Built: 1900
  • Assigned Parking Space Numbers: 6
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplace: No
  • Level Count: 3

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: Yes
  • Road Surface Type: Paved
  • Roof: Rubber, Shingle
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11326.00
  • Zoning: COMMERCIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 25397399
  • Tax Annual Amount: 7934.00
  • Assessor Parcel Number: 32-303-,050-,0000-
  • Tax Year: 2020

MLS Schools

  • School District Name: BELLEFONTE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Apr 11, 2021
Sold by
Happy Valley Realty Llc
Bought by
Qwirky Llc
Seller's Agent
Tommy Songer
Better Homes & Gardens Real Estate - GSA Realty
Buyer's Agent
Lara Villanueva
Kissinger, Bigatel & Brower
List Price
$415,000
Sold Price
$379,000
Premium/Discount to List
-$36,000
-8.67%
Current Estimated Value
$497,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,792
Avg. Annual Appreciation
5.79%
Original Mortgage
$312,000
Outstanding Balance
$281,698
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$216,094

Purchase Details

Closed on
Mar 29, 2007
Sold by
Wells Maribeth L Dunlap and Wells Randal S
Bought by
Happy Valley Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.33%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Qwirky Llc $390,000 Nittany Settlement Company
Happy Valley Realty Llc $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qwirky Llc $312,000
Previous Owner Happy Valley Realty Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $379,000 -8.7% $54 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $415,000 -- $59 / Sq Ft
Source: Bright MLS

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 $8,531 $104,645 $11,200 $93,445
2024 $8,116 $104,645 $11,200 $93,445
2023 $8,116 $104,645 $11,200 $93,445
2022 $8,017 $104,645 $11,200 $93,445
2021 $7,934 $104,645 $11,200 $93,445
2020 $7,934 $104,645 $11,200 $93,445
2019 $7,882 $104,645 $11,200 $93,445
2018 $7,621 $104,645 $11,200 $93,445
2017 $7,493 $104,645 $11,200 $93,445
2016 $2,235 $104,645 $11,200 $93,445
2015 $2,235 $104,645 $11,200 $93,445
2014 $2,235 $104,645 $11,200 $93,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACE2504346

Bright MLS

APN: 32-303-050-0000

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