NOT LISTED FOR SALE

129 W Street Rd Kennett Square, PA 19348

East Marlborough Township Neighborhood

Estimated Value: $315,000 - $703,000

-- Bed
3 Baths
-- Sq Ft
0.64 Acres

Last Sold March 19, 2019

Last sale price $329,000

Est. 42% increase in value since last sale

Current estimated payment $2,490/month

16 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Double Oven
  • Unionville Elementary School Rated A
  • No HOA
  • Double Pane Windows

About This Home

As of March 2019

Inspections for purpose of Buyer info only. 3 Building investment portfolio. 4 Rental Units - 100% Occupied. Financials available upon request with completed NDA.

Last Agent to Sell the Property

Penny Sarro

(484) 880-0154 psarrocre@gmail.com Beiler-Campbell Realtors-Kennett Square Listed on: 01/19/2019

Last Buyer's Agent

Minghuei Huang

(610) 451-4361 leo5274@yahoo.com United Real Estate Strive 212

United Real Estate Strive 212

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,787

Year Built

  • Built in 1930

Lot Details

  • 0.64 Acre Lot
  • Property is in below average condition

Parking

  • Off-Street Parking

Home Design

  • Bungalow
  • Slab Foundation
  • Plaster Walls
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1 Fireplace
  • Double Pane Windows
  • Wood Flooring
  • Crawl Space
  • Double Oven

Schools

  • Unionville Elementary School
  • Charles F. Patton Middle School
  • Unionville High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Well
  • Electric Water Heater
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0026
  • Assessor Parcel Number 61-05 -0026

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Building Details

  • Maintenance Expense $10,000
  • Operating Expense $26,000
  • Gross Income $36,000
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,787

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven - Double
  • Flooring Type: Hardwood
  • Window Features: Double Pane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Crawl Space, Slab
  • Basement: No
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Electric, Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Fiber Optics Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: UNIONVILLE
  • High School: UNIONVILLE
  • Middle Or Junior School: CHARLES F. PATTON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 19030.00
  • Land Assessed Value: 60470.00
  • Lot Size Acres: 0.64
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 27900.00
  • Property Condition: Below Average
  • Zoning: MU
  • Zoning Description: Multi Use - East Marlborough

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Total Actual Rent: 36000.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 370133
  • School Tax: 2267.00
  • Tax Annual Amount: 2787.00
  • Assessor Parcel Number: 61-05 -0026
  • Tax Lot: 0026
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Gross Scheduled Income: 36000.00
  • Operating Expense: 26000.00
  • Vacancy Allowance Rate: 3.00

MLS Schools

  • School District Name: UNIONVILLE-CHADDS FORD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2019
Closed on
Mar 19, 2019
Sold by
Sunrise Equity Investments Llc
Bought by
Feng Shiru and Franks Caleb J
Seller's Agent
Penny Sarro
Beiler-Campbell Realtors-Kennett Square
Buyer's Agent
Minghuei Huang
United Real Estate Strive 212
List Price
$329,000
Sold Price
$329,000
Current Estimated Value
$466,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,150
Avg. Annual Appreciation
5.32%
Original Mortgage
$312,550
Outstanding Balance
$274,785
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$191,365

Purchase Details

Closed on
Jun 24, 2016
Sold by
Cottman Brooke P and Brooke P Cottman Revocable Tru
Bought by
Sunrise Equity Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
3.64%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 14, 2015
Sold by
Cottman Brooke P
Bought by
Cottman Brook P and Brooke P Cottman Revocable Tru

Purchase Details

Closed on
Aug 29, 1997
Sold by
Basilio Philomena R and Basilio Robert J
Bought by
Cottman Brooke P

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
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Feng Shiru $329,000 None Available
Sunrise Equity Investment Llc $150,000 None Available
Cottman Brook P -- None Available
Cottman Brooke P $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Shiru $312,550
Previous Owner Sunrise Equity Investment Llc $149,000
Previous Owner Cottman Brooke P $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2019 03/19/19 Sold $329,000 0.0% --
02/04/2019 02/04/19 Pending -- -- --
01/19/2019 01/19/19 For Sale $329,000 -- --
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 $535 $79,500 $60,470 $19,030
2024 $535 $79,500 $60,470 $19,030
2023 $535 $79,500 $60,470 $19,030
2022 $445 $79,500 $60,470 $19,030
2021 $535 $79,500 $60,470 $19,030
2020 $431 $79,500 $60,470 $19,030
2019 $521 $79,500 $60,470 $19,030
2018 $521 $79,500 $60,470 $19,030
2017 $1,062 $162,080 $60,470 $101,610
2016 $643 $162,080 $60,470 $101,610
2015 $643 $162,080 $60,470 $101,610
2014 $643 $162,080 $60,470 $101,610
Source: Public Records

Agents Affiliated with this Home

  • Penny Sarro

    Seller's Agent in 2019

    Penny Sarro

    Beiler-Campbell Realtors-Kennett Square

    (484) 880-0154

    1 Total Sale

    Penny Sarro
    Section Image
  • Minghuei Huang

    Buyer's Agent in 2019

    Minghuei Huang

    United Real Estate Strive 212

    (610) 451-4361

    44 Total Sales

    Minghuei Huang
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PACT286442

Bright MLS

APN: 61-005-0026.0000

Pennsylvania Chester County Kennett Square 19348 East Marlborough Township

129 W Street Rd, Kennett Square, PA

Not Listed for Sale

MultiFamily

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