NOT LISTED FOR SALE

116 Mckinley Ave Lansdowne, PA 19050

Estimated Value: $328,000 - $355,164

-- Bed
3 Baths
2,739 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $280,000 $102 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,596/month

3 Days on Market

Highlights

  • Wood Flooring
  • Level Entry For Accessibility
  • Dwelling with Separate Living Area
  • No HOA
  • Hot Water Heating System
  • Dwelling with Rental

About This Home

As of July 2021

Investor Alert!!! Triplex for sale on a quiet street. The third-floor unit has 2 bedrooms and 1 full bath and pays $975 a month, the second-floor unit has 1 bedroom and 1 bath with a den and pays for $900 a month, and the first floor has 2 bedrooms with 1 bath; all 3 units are currently on a month-month lease with long-term tenants and they are willing to stay. Rents are below market value since the owners have not increased their rent for the past few years. Owners have kept the property up to code, the property has an up-to-date Fire Alarm System and a Fire Escape in the back of the property. There's a Water Booster System in the property. Driveway parking or street parking, close to shopping and public transportation. Tenants pay their own Electric and Gas; Owners pay for cold water and lighting (electric) for the common areas. The washer and dryer in the basement are shared by the tenants.

Last Agent to Sell the Property

Mike Qi

Premium Realty Castor Inc License #RS330627 Listed on: 06/11/2021

Last Buyer's Agent

SONIA M. MAXWELL-LAWSON

KW Greater West Chester License #RS318131

KW Greater West Chester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,959

Year Built

  • Built in 1920

Lot Details

  • 4,922 Sq Ft Lot
  • Lot Dimensions are 36.00 x 144.00
  • Property is in very good condition

Home Design

  • Triplex
  • Dwelling with Rental
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2,739 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Level Entry For Accessibility
  • Dwelling with Separate Living Area

Listing and Financial Details

  • Tax Lot 224-000
  • Assessor Parcel Number 23-00-02257-00

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Lynne Subdivision

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,959

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Dwelling With Rental, Dwelling W/Separate Living Area
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Portable Window Air Conditioners. (Tenants)
  • Home Warranty: No
  • Inclusions: Ceiling Fans, Refrigerators, Range/Oven, Washer & Dryer (Shared in the Basement)
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Investor Alert!!! Triplex for sale on a quiet street. The third-floor unit has 2 bedrooms and 1 full bath and pays $975 a month, the second-floor unit has 1 bedroom and 1 bath with a den and pays for $900 a month, and the first floor has 2 bedrooms with 1 bath; all 3 units are currently on a month-month lease with long-term tenants and they are willing to stay. Rents are below market value since the owners have not increased their rent for the past few years. Owners have kept the property up to code, the property has an up-to-date Fire Alarm System and a Fire Escape in the back of the property. There's a Water Booster System in the property. Driveway parking or street parking, close to shopping and public transportation. Tenants pay their own Electric and Gas; Owners pay for cold water and lighting (electric) for the common areas. The washer and dryer in the basement are shared by the tenants.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Carpet
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2739
  • Living Area Sq Ft: 2739
  • Price Per Sq Ft: 100.40
  • Above Grade Finished Sq Ft: 2739
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco, Vinyl Siding
  • Exterior Features: Fire Escape
  • 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
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 118
  • Previous Twelve Months Electric Expense: 1416.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 130
  • Water Previous Twelve Months: 1560.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: WILLIAM PENN
  • School District Key: 300200397351
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 169180.00
  • Land Assessed Value: 35940.00
  • Land Use Code: R-30
  • Lot Size Acres: 0.11
  • Lot Dimensions: 36.00 x 144.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4922.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R-30
  • Zoning Description: Three Family

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Rent Control: Yes
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 493454
  • School Tax: 3767.00
  • Tax Annual Amount: 5959.00
  • Assessor Parcel Number: 23-00-02257-00
  • Tax Lot: 224-000
  • Tax Total Finished Sq Ft: 2739
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/29/2021

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 29, 2021
Sold by
Lau Sukuen L and Lau Paula
Bought by
Harrison Analice
Seller's Agent
Mike Qi
Premium Realty Castor Inc
Buyer's Agent
SONIA M. MAXWELL-LAWSON
KW Greater West Chester
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Current Estimated Value
$345,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,541
Avg. Annual Appreciation
5.63%
Original Mortgage
$210,000
Outstanding Balance
$193,566
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$155,735

Purchase Details

Closed on
Dec 11, 1987
Sold by
Feinberg Lenny
Bought by
Lau Sukuen L and Lau Paula L
Source: Public Records

Range of Values:

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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
Harrison Analice $280,000 Universal Settlement Svcs
Lau Sukuen L $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrison Analice $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $280,000 +1.8% $102 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $275,000 -- $100 / 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
2024 $8,445 $205,120 $35,940 $169,180
2023 $8,052 $205,120 $35,940 $169,180
2022 $7,894 $205,120 $35,940 $169,180
2021 $11,853 $205,120 $35,940 $169,180
2020 $5,245 $79,970 $23,520 $56,450
2019 $5,157 $79,970 $23,520 $56,450
2018 $5,068 $79,970 $0 $0
2017 $4,956 $79,970 $0 $0
2016 $439 $79,970 $0 $0
2015 $448 $79,970 $0 $0
2014 $439 $79,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Qi

    Seller's Agent in 2021

    Mike Qi

    Premium Realty Castor Inc

    (215) 720-6215

    1 in this area

    28 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    SONIA M. MAXWELL-LAWSON

    KW Greater West Chester

    (610) 653-0437

    1 in this area

    12 Total Sales

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Map

Source: Bright MLS

MLS Number: PADE548418

Bright MLS

APN: 23-00-02257-00

Pennsylvania Delaware County Lansdowne 19050

116 Mckinley Ave, Lansdowne, PA

This home is located at 116 Mckinley Ave, Lansdowne, PA 19050 since 11 June 2021 and is currently estimated at $345,541, approximately $126 per square foot. This property was built in 1920. 116 Mckinley Ave is a home located in Delaware County with nearby schools including East Lansdowne Elementary School, Penn Wood Middle School, and Penn Wood High School - Cypress Street Campus.

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