Seller's Agent in 2022
Timothy Dimmick
RE/MAX
(267) 217-2856
3 in this area
90 Total Sales
122 Penn Ave Hatfield, PA 19440
Hatfield NeighborhoodEstimated Value: $912,941 - $1,052,000
--
Bed
8
Baths
5,234
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- More Than Two Accessible Exits
- Property is in very good condition
- North Penn Senior High School Rated A
- Electric Baseboard Heater
- 4-minute walk to Centennial Park
About This Home
As of May 2022This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!
Last Agent to Sell the Property
RE/MAX Reliance License #RS337966 Listed on: 10/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,387
Year Built
- Built in 1937 | Remodeled in 2008
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 100.00 x 0.00
- Level Lot
- Property is in very good condition
Home Design
- 5,234 Sq Ft Home
- Quadruplex
- Cape Cod Architecture
- Brick Exterior Construction
- Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Unfinished Basement
- Walk-Up Access
- Interior and Side Basement Entry
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Paved Parking
- Parking Lot
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
Additional Features
- More Than Two Accessible Exits
- Suburban Location
Listing and Financial Details
- The owner pays for advertising/licenses and permits, lawn/shrub care, real estate taxes, snow removal, sewer, water, repairs, insurance, trash collection
- Tax Lot 107
- Assessor Parcel Number 09-00-01480-005
Community Details
Overview
- 4 Units
- 2-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $3,158
- Maintenance Expense $5,750
- Gross Income $71,760
- Net Operating Income $48,850
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2021
Closed on
May 16, 2022
Sold by
Clegg Dennis H
Bought by
Peach Tree Real Estate Llc
Seller's Agent
Timothy Dimmick
RE/MAX Reliance
Buyer's Agent
Jeff Silva
OCF Realty LLC - Philadelphia
List Price
$979,900
Sold Price
$815,000
Premium/Discount to List
-$164,900
-16.83%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,226
Avg. Annual Appreciation
3.24%
Original Mortgage
$652,000
Interest Rate
5.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 4, 2007
Sold by
Amin Rashmika G
Bought by
Clegg Dennis and Clegg Robin B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.24%
Purchase Details
Closed on
Feb 17, 2004
Sold by
Stauffer Wilda M
Bought by
Amin Rashmika G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.62%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peach Tree Real Estate Llc | $815,000 | None Listed On Document | |
| Clegg Dennis | $235,000 | None Available | |
| Amin Rashmika G | $170,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Peach Tree Real Estate Llc | $652,000 | |
| Previous Owner | Clegg Dennis | $31,000 | |
| Previous Owner | Clegg Dennis | $299,950 | |
| Previous Owner | Clegg Dennis | $75,000 | |
| Previous Owner | Clegg Dennis | $60,000 | |
| Previous Owner | Clegg Robin B | $227,075 | |
| Previous Owner | Clegg Robin B | $20,000 | |
| Previous Owner | Clegg Robin B | $204,000 | |
| Previous Owner | Clegg Dennis | $188,000 | |
| Previous Owner | Amin Rashmika G | $136,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2022 05/27/22 | Sold | $815,000 | 0.0% | $156 / Sq Ft |
| 03/28/2022 03/28/22 | Off Market | $815,000 | -- | -- |
| 01/03/2022 01/03/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | Price Changed | $949,900 | -3.1% | $181 / Sq Ft |
| 10/26/2021 10/26/21 | For Sale | $979,900 | -- | $187 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $8,012 | $210,470 | -- | -- |
| 2023 | $7,650 | $210,470 | $0 | $0 |
| 2022 | $7,387 | $210,470 | $0 | $0 |
| 2021 | $6,955 | $210,470 | $0 | $0 |
| 2020 | $6,723 | $210,470 | $0 | $0 |
| 2019 | $6,600 | $210,470 | $0 | $0 |
| 2018 | $1,231 | $210,470 | $0 | $0 |
| 2017 | $6,322 | $210,470 | $0 | $0 |
| 2016 | $6,240 | $210,470 | $0 | $0 |
| 2015 | $5,752 | $210,470 | $0 | $0 |
| 2014 | $5,752 | $210,470 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Jeff Silva
OFC Realty
(844) 765-3297
9 in this area
631 Total Sales
-
Buyer Co-Listing Agent in 2022
Abby Vellucci
EXP Realty, LLC
(484) 808-5904
1 in this area
38 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2010126
APN: 09-00-01480-005
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