NOT LISTED FOR SALE

Estimated Value: $390,000 - $518,635

-- Bed
3 Baths
2,880 Sq Ft
$148/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $370,000 $128 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,697/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Built-In Features
  • Limerick Elementary School Rated A
  • Wood Flooring
  • Patio

About This Home

As of April 2024

Investor Opportunity! Why settle for renting when you can own a triplex in the prestigious Spring Ford School District? Occupy one unit and let the other two cover your mortgage. Each of the three units features two bedrooms and one bathroom. Apartment #3 is currently vacant, showcasing a fresh update with new paint and refinished floors. Six off-street parking spaces provide two spaces per unit. Embrace outdoor living with a charming front porch, a rear deck, and a patio.

This property is an excellent addition to your investment portfolio because tenants take care of their own utilities. Each unit is equipped with electric baseboard heat and 100 amp panels. You can also boost your income with coin-operated laundry on-site.

Benefit from a prime location with easy access to Routes 422, 724 and Ridge Pike. Don't miss this golden opportunity to invest in a property that combines convenience and profitability.

Last Agent to Sell the Property

Theresa Stewart

Styer Real Estate License #RS354716 Listed on: 03/14/2024

Last Buyer's Agent

Mrs. Rachel A McHugh

BHHS Fox & Roach-Collegeville License #RS363898

BHHS Fox & Roach-Collegeville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,535

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 75.00 x 0.00

Home Design

  • Triplex
  • Colonial Architecture
  • Stone Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • Built-In Features
  • Ceiling Fan

Flooring

  • Wood
  • Partially Carpeted

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 6 Parking Spaces
  • 6 Driveway Spaces

Outdoor Features

  • Deck
  • Patio

Schools

  • Limerick Elementary School
  • Spring-Ford Middle School 8Th Grade Center
  • Spring-Ford Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Well
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for trash collection, sewer, common area maintenance, insurance, heater maintenance contract, lawn/shrub care, repairs
  • Tax Lot 18
  • Assessor Parcel Number 37-00-02815-001

Community Details

Overview

  • 3 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, laundry
  • Insurance Expense $1,539
  • Other Expense $2,196
  • Trash Expense $620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,535

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: All Tenants Personal Items and items in the shed
  • Historic: No
  • Inclusions: Washer, dryer and all refrigerators in as is condition for no monetary value.
  • New Construction: No
  • Other Expense: 2196.00
  • Expected On Market: 2024-03-15
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Investor Opportunity! Why settle for renting when you can own a triplex in the prestigious Spring Ford School District? Occupy one unit and let the other two cover your mortgage. Each of the three units features two bedrooms and one bathroom. Apartment #3 is currently vacant, showcasing a fresh update with new paint and refinished floors. Six off-street parking spaces provide two spaces per unit. Embrace outdoor living with a charming front porch, a rear deck, and a patio. This property is an excellent addition to your investment portfolio because tenants take care of their own utilities. Each unit is equipped with electric baseboard heat and 100 amp panels. You can also boost your income with coin-operated laundry on-site. Benefit from a prime location with easy access to Routes 422, 724 and Ridge Pike. Don't miss this golden opportunity to invest in a property that combines convenience and profitability.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Partially Carpeted
  • Interior Amenities: Ceiling Fan(s), Built-Ins, Carpet
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 2880
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 121.53
  • Above Grade Finished Sq Ft: 2880
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1150

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Monthly Average Electric: 86
  • Previous Twelve Months Electric Expense: 1032.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: SPRING-FORD AREA
  • Elementary School: LIMERICK
  • Middle School: SPRING-FORD MS 8TH GRADE CENTER
  • High School: SPRING-FORD SENIOR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396588
  • School District Source: Listing Agent
  • Elementary School: LIMERICK
  • High School: SPRING-FORD SENIOR
  • Middle Or Junior School: SPRING-FORD MS 8TH GRADE CENTER

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.27
  • Lot Dimensions: 75.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11600.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2023
  • Zoning: VC

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Trash Collection, Sewer, Common Area Maintenance, Insurance, Heater Maintenance Contract, Lawn/Shrub Care, Repairs
  • Rent Control: No
  • Total Actual Rent: 38880.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3673.00
  • Tax Annual Amount: 4535.00
  • Assessor Parcel Number: 37-00-02815-001
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 2880
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/19/2024

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals, Laundry
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SPRING-FORD AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Apr 8, 2024
Sold by
Metz Kevin M and Metz Stephanie L
Bought by
Mcguigan Frank Joseph
Seller's Agent
Theresa Stewart
Styer Real Estate
Buyer's Agent
Mrs. Rachel A McHugh
BHHS Fox & Roach-Collegeville
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Views
57
Current Estimated Value
$425,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,409
Avg. Annual Appreciation
10.64%
Original Mortgage
$319,500
Outstanding Balance
$315,020
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$110,389

Purchase Details

Closed on
May 27, 2010
Sold by
Cotton Carol Ann and Cotton Mark P
Bought by
Metz Kevin M and Metz Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2004
Sold by
Cotton Carol A and Cotton Mark P
Bought by
Patriot Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.6%
Source: Public Records

Range of Values:

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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
Mcguigan Frank Joseph $370,000 Trident Land Transfer
Metz Kevin M $290,000 None Available
Patriot Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguigan Frank Joseph $319,500
Previous Owner Metz Kevin M $284,747
Previous Owner Cotton Mark P $145,000
Previous Owner Cotton Mark P $200,000
Previous Owner Cotton Carol $120,000
Previous Owner Patriot Bank $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $370,000 +5.7% $128 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $350,000 -- $122 / 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 $4,601 $118,980 $34,250 $84,730
2024 $4,601 $118,980 $34,250 $84,730
2023 $4,389 $118,980 $34,250 $84,730
2022 $4,241 $118,980 $34,250 $84,730
2021 $4,141 $118,980 $34,250 $84,730
2020 $4,036 $118,980 $34,250 $84,730
2019 $3,962 $118,980 $34,250 $84,730
2018 $3,196 $118,980 $34,250 $84,730
2017 $3,889 $118,980 $34,250 $84,730
2016 $3,844 $118,980 $34,250 $84,730
2015 $3,676 $118,980 $34,250 $84,730
2014 $3,676 $118,980 $34,250 $84,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2098020

Bright MLS

APN: 37-00-02815-001