NOT LISTED FOR SALE

116 E 7th Ave Conshohocken, PA 19428

Estimated Value: $566,018 - $668,000

-- Bed
4 Baths
2,968 Sq Ft
$207/Sq Ft Est. Value

Last Sold November 28, 2012

Last sale price $300,000 $101 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,681/month

15 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Wall to Wall Carpet
  • Conshohocken Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to Mary Wood Park

About This Home

As of November 2012

Cash flow! Fabulous triplex investment property in desirable Conshohocken. 2 on first floor. Unit 1 is a 2 bedroom: bedroom 1 is 9 x 12, bedroom 2 is 9 x 8, features a Living room that is 11 x 15, kitchen that is 12 x 7 and has a new stove. Unit 2 is an efficiency with the living room/bedroom measuring 12 x 13, has a good sized kitchen with new stove and a full bathroom. Unit 3 is located on the second floor and offers 3 bedrooms (20 x 11, 13 x 10, 8 x 11). There are 2 full bathrooms, one in the master, plenty of closet space and a new stove in the kitchen. Don't miss out on this opportunity!

Last Agent to Sell the Property

Edward Welch

(610) 331-7655 EWelch@welchgroup.net Higgins & Welch Real Estate, Inc. Listed on: 10/08/2012

Co-Listed By

Erin Thompson

(610) 724-5702 erinthompson@compass.com Compass RE License #AB068517

Last Buyer's Agent

Steve Salemno

(267) 640-6413 stevesalemno@gmail.com RE/MAX Centre Realtors License #RS290087

RE/MAX Centre Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 1874

Lot Details

  • 5,450 Sq Ft Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • Triplex
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 2,968 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Conshohocken Elementary School
  • Colonial Middle School
  • Plymouth Whitemarsh High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 074
  • Assessor Parcel Number 05-00-07720-006

Community Details

Overview

  • No Home Owners Association
  • Conshohocken Subdivision

Building Details

  • Operating Expense $4,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,018

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1874
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2968
  • Living Area Sq Ft: 2968
  • Price Per Sq Ft: 109.50
  • Above Grade Finished Sq Ft: 2968
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • 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: 5

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: CONSHOHOCKEN
  • High School: PLYMOUTH WHITEMARSH
  • Middle Or Junior School: COLONIAL

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 53
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5450.00
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 30960.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 598137
  • Tax Annual Amount: 4018.00
  • Assessor Parcel Number: 05-00-07720-006
  • Tax Lot: 074
  • Tax Year: 2012

MLS Schools

  • School District Name: COLONIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2012
Closed on
Dec 14, 2012
Sold by
Halligan Joseph P and Halligan Brian J
Bought by
Chan Jason S
Seller's Agent
Edward Welch
Higgins & Welch Real Estate, Inc.
Buyer's Agent
Steve Salemno
RE/MAX Centre Realtors
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Current Estimated Value
$614,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,005
Avg. Annual Appreciation
5.65%
Original Mortgage
$208,100
Outstanding Balance
$144,586
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$469,419

Purchase Details

Closed on
Jul 16, 2010
Sold by
Roser Michael J
Bought by
Halligan Brian J and Halligan Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
4.73%

Purchase Details

Closed on
Aug 18, 1995
Sold by
Roser Gordon L and Roser Irene
Bought by
Roser Michael J
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
Chan Jason S $300,000 None Available
Halligan Brian J $275,000 None Available
Roser Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Jason S $208,100
Previous Owner Halligan Brian J $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2012 11/28/12 Sold $300,000 -7.7% $101 / Sq Ft
10/23/2012 10/23/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $325,000 0.0% $110 / Sq Ft
05/11/2012 05/11/12 Rented $1,200 -20.0% --
05/08/2012 05/08/12 Under Contract -- -- --
12/13/2011 12/13/11 For Rent $1,500 -- --
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 $5,413 $156,000 $33,300 $122,700
2024 $5,413 $156,000 $33,300 $122,700
2023 $5,230 $156,000 $33,300 $122,700
2022 $5,118 $156,000 $33,300 $122,700
2021 $4,974 $156,000 $33,300 $122,700
2020 $4,699 $156,000 $33,300 $122,700
2019 $4,565 $156,000 $33,300 $122,700
2018 $1,147 $156,000 $33,300 $122,700
2017 $4,417 $156,000 $33,300 $122,700
2016 $4,356 $156,000 $33,300 $122,700
2015 $4,175 $156,000 $33,300 $122,700
2014 $4,175 $156,000 $33,300 $122,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004127460

Bright MLS

APN: 05-00-07720-006