NOT LISTED FOR SALE

Estimated Value: $566,000 - $681,000

-- Bed
2 Baths
1,796 Sq Ft
$340/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $475,000 $264 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,782/month

12 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • 5-minute walk to Bala Avenue Park
  • Merion Elementary School Rated A+
  • Heating Available

About This Home

As of October 2021

Fantastic opportunity to own a well maintained Bala Cynwyd duplex on a large, flat lot with off street
parking. Each unit is bright with a great layout, including two bedrooms, one bath, spacious updated
kitchen, in-unit washer/dryer, separate utilities and private covered porch with private unit entrance.
There are large shared front and rear yards. First floor tenant currently has exclusive use of private
driveway, upper unit makes use of plentiful street parking. Located in quiet, very walkable
neighborhood of mostly detached single family homes, in the Lower Merion School District, notably
Merion Elementary catchment, these units are easy to rent to highly qualified tenants. Current leases go
through mid 2022,tenants pay all utilities including gas, electric, water.

Last Agent to Sell the Property

Matthew Aragona

Compass RE License #2293844 Listed on: 09/08/2021

Compass RE

Co-Listed By

David Feldman

Compass RE License #RS305028

Last Buyer's Agent

Justin Morrison

Realty Mark Cityscape License #Rs340314

Realty Mark Cityscape

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,263

Year Built

  • Built in 1875

Lot Details

  • 5,350 Sq Ft Lot
  • Lot Dimensions are 50.00 x 0.00

Home Design

  • Duplex
  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,796 Sq Ft Home
  • 1 Fireplace

Utilities

  • Heating Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 218
  • Assessor Parcel Number 40-00-62632-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,263

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-09-08
  • Year Built: 1875
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to own a well maintained Bala Cynwyd duplex on a large, flat lot with off street parking. Each unit is bright with a great layout, including two bedrooms, one bath, spacious updated kitchen, in-unit washer/dryer, separate utilities and private covered porch with private unit entrance. There are large shared front and rear yards. First floor tenant currently has exclusive use of private driveway, upper unit makes use of plentiful street parking. Located in quiet, very walkable neighborhood of mostly detached single family homes, in the Lower Merion School District, notably Merion Elementary catchment, these units are easy to rent to highly qualified tenants. Current leases go through mid 2022,tenants pay all utilities including gas, electric, water.
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Foundation Details: Other
  • Total Sq Ft: 1796
  • Living Area Sq Ft: 1796
  • Price Per Sq Ft: 277.84
  • Above Grade Finished Sq Ft: 1796
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 122

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

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

Schools

  • School District: LOWER MERION
  • School District Key: 300200396851
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.12
  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5350.00
  • Year Assessed: 2021
  • Zoning: 1132 RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 736001
  • School Tax: 5007.00
  • Tax Annual Amount: 6263.00
  • Assessor Parcel Number: 40-00-62632-004
  • Tax Lot: 218
  • Tax Total Finished Sq Ft: 1796
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/20/2021

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 8, 2021
Sold by
Watman Richard and Watman Judith G
Bought by
Pillai Varun and Atar Afsana Shabbir
Seller's Agent
Matthew Aragona
Compass RE
Buyer's Agent
Justin Morrison
Realty Mark Cityscape
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$592,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,764
Avg. Annual Appreciation
6.70%
Original Mortgage
$356,250
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2001
Sold by
Posner Howard and Posner Janet
Bought by
Watman Richard and Watman Judith G

Purchase Details

Closed on
Feb 11, 1998
Sold by
Posner Howard and Posner Janet
Bought by
Posner Howard and Posner Janet
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pillai Varun $475,000 None Available
Watman Richard $165,250 --
Posner Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pillai Varun $356,250
Previous Owner Watman Judith G $113,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $475,000 -4.8% $264 / Sq Ft
09/08/2021 09/08/21 For Sale $499,000 -- $278 / 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 $6,709 $160,640 $64,970 $95,670
2024 $6,709 $160,640 $64,970 $95,670
2023 $6,430 $160,640 $64,970 $95,670
2022 $6,310 $160,640 $64,970 $95,670
2021 $6,166 $160,640 $64,970 $95,670
2020 $6,016 $160,640 $64,970 $95,670
2019 $5,909 $160,640 $64,970 $95,670
2018 $5,910 $160,640 $64,970 $95,670
2017 $5,692 $160,640 $64,970 $95,670
2016 $5,630 $160,640 $64,970 $95,670
2015 $5,249 $160,640 $64,970 $95,670
2014 $5,249 $160,640 $64,970 $95,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2009170

Bright MLS

APN: 40-00-62632-004