$3,750,000
SOLD AUG 30, 2022

130 N Main St New Hope, PA 18938

-- Bed
-- Bath
7,740 Sq Ft
0.48 Acres

Recently Sold

$484 Per Sq Ft

11% Below List Price

6 Days on Market

Highlights

  • 50 Feet of Waterfront
  • River View
  • Stream or River on Lot
  • New Hope-Solebury Upper Elementary School Rated A
  • Contemporary Architecture
  • 1 Fireplace

About This Home

As of January 2024

BACK AND BETTER THAN EVER!! HUGE INVESTMENT OPPORTUNITY!! 130 North Main St is a Four Unit Riverfront Quadruplex property which is currently bringing in $21,500 in monthly rental income! Just a few months ago it was only bringing in $7,000 per month. Leases in place with renovations underway in two units! All four units have individual meters for utilities. All units are three bedrooms and 2-4 baths. Live in the 2600 square ft unit and collect from the other three units or build your dream house in the very best location New Hope has to offer! NO FLOOD ZONE! NO HISTORIC DISTRICT! MULTI-LEVEL UNOBSTRUCTED 360 PANORAMIC RIVER VIEWS! Thorough architectural renderings, engineering, site plans, surveys and environmental analysis all completed and ready to share! Elaborate plans for a single family house and/or a twin all in hand and available upon request- $8 million in projected out-sale! This one-of-a-kind compound is located two blocks away from the heart of downtown and within the coveted New Hope Solebury school district. Bring your vision to this riverfront, money-making property and acquire a piece of the hottest real estate New Hope has to offer!

Last Agent to Sell the Property

Revi Haviv

Addison Wolfe Real Estate License #RS355167 Listed on: 06/24/2022

Last Buyer's Agent

Revi Haviv

Addison Wolfe Real Estate License #RS355167 Listed on: 06/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,339

Year Built

  • Built in 1945

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are x 207.00
  • 50 Feet of Waterfront
  • Property is in excellent condition

Parking

  • 3 Car Attached Garage
  • 10 Driveway Spaces
  • Free Parking
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Poured Concrete
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,740 Sq Ft Home
  • 1 Fireplace
  • River Views

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Outdoor Features

  • Water Access
  • River Nearby
  • Stream or River on Lot

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 041
  • Assessor Parcel Number 27-007-041

Community Details

Overview

  • 4 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Operating Expense $23,439

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,339

Year Built

Built in 1945

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1945
  • Automatically Close On Close Date: Yes
  • Remarks Public: BACK AND BETTER THAN EVER!! HUGE INVESTMENT OPPORTUNITY!! 130 North Main St is a Four Unit Riverfront Quadruplex property which is currently bringing in $21,500 in monthly rental income! Just a few months ago it was only bringing in $7,000 per month. Leases in place with renovations underway in two units! All four units have individual meters for utilities. All units are three bedrooms and 2-4 baths. Live in the 2600 square ft unit and collect from the other three units or build your dream house in the very best location New Hope has to offer! NO FLOOD ZONE! NO HISTORIC DISTRICT! MULTI-LEVEL UNOBSTRUCTED 360 PANORAMIC RIVER VIEWS! Thorough architectural renderings, engineering, site plans, surveys and environmental analysis all completed and ready to share! Elaborate plans for a single family house and/or a twin all in hand and available upon request- $8 million in projected out-sale! This one-of-a-kind compound is located two blocks away from the heart of downtown and within the coveted New Hope Solebury school district. Bring your vision to this riverfront, money-making property and acquire a piece of the hottest real estate New Hope has to offer!
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full, Partial, Poured Concrete
  • Total Sq Ft: 7740
  • Living Area Sq Ft: 7740
  • Price Per Sq Ft: 542.64
  • Above Grade Finished Sq Ft: 7740
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 130

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • View: River
  • Water Access: Yes
  • Water Body Name: Delaware
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Crushed Stone, Free, Private
  • Garage Features: Garage - Front Entry, Covered Parking
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 13
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: NEW HOPE-SOLEBURY
  • School District Key: 300200397328
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 76300.00
  • Land Assessed Value: 21000.00
  • Land Use Code: 1001
  • Lot Size Acres: 0.48
  • Lot Dimensions: x 207.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20700.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RB

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 128791
  • School Tax: 10523.00
  • Tax Annual Amount: 14339.00
  • Assessor Parcel Number: 27-007-041
  • Tax Lot: 041
  • Tax Total Finished Sq Ft: 7740
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 08/30/2022

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals
  • Operating Expense: 23439.00

MLS Schools

  • School District Name: NEW HOPE-SOLEBURY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jan 5, 2024
Sold by
Wmjb Ex Holdings Llc
Bought by
130 N Main Street Llc
Seller's Agent
Revi Haviv
Addison Wolfe Real Estate
Buyer's Agent
Revi Haviv
Addison Wolfe Real Estate
List Price
$4,950,000
Sold Price
$4,300,000
Premium/Discount to List
-$650,000
-13.13%
Views
348
Current Estimated Value
$3,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,000,000
Avg. Annual Appreciation
-9.32%
Original Mortgage
$6,440,000
Outstanding Balance
$6,360,915
Interest Rate
7.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,669,474

Purchase Details

Listed on
Jan 13, 2022
Closed on
Aug 30, 2022
Sold by
Gold Coast Development Llc
Bought by
Wmjb Ex Holdings Llc
Seller's Agent
Revi Haviv
Addison Wolfe Real Estate
Buyer's Agent
Revi Haviv
Addison Wolfe Real Estate
List Price
$4,200,000
Sold Price
$3,750,000
Premium/Discount to List
-$450,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $4,300,000 Omni Abstract
Special Warranty Deed $3,750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,440,000 Credit Line Revolving
Previous Owner $64,600 Small Business Administration
Previous Owner $455,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $4,300,000 -13.1% $556 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $4,950,000 0.0% $640 / Sq Ft
03/21/2023 03/21/23 Price Changed $4,950,000 -1.0% $640 / Sq Ft
03/21/2023 03/21/23 Price Changed $4,999,000 0.0% $646 / Sq Ft
03/01/2023 03/01/23 Rented $7,000 0.0% --
01/30/2023 01/30/23 Under Contract -- -- --
01/06/2023 01/06/23 Price Changed $7,000 -6.7% $3 / Sq Ft
01/02/2023 01/02/23 For Rent $7,500 0.0% --
12/23/2022 12/23/22 Under Contract -- -- --
12/23/2022 12/23/22 For Rent $7,500 0.0% --
09/01/2022 09/01/22 Sold $3,750,000 0.0% $343 / Sq Ft
08/30/2022 08/30/22 Sold $3,750,000 -10.7% $484 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/30/2022 06/30/22 Pending -- -- --
06/24/2022 06/24/22 Price Changed $4,200,000 0.0% $384 / Sq Ft
06/24/2022 06/24/22 For Sale $4,200,000 0.0% $384 / Sq Ft
06/24/2022 06/24/22 For Sale $4,200,000 -44.0% $543 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $7,499,000 +138.1% $685 / Sq Ft
11/29/2021 11/29/21 Sold $3,150,000 -21.2% $407 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $3,995,000 -- $516 / 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 $14,852 $97,300 $21,000 $76,300
2023 $14,445 $97,300 $21,000 $76,300
2022 $14,339 $97,300 $21,000 $76,300
2021 $14,033 $97,300 $21,000 $76,300
2020 $13,774 $97,300 $21,000 $76,300
2019 $13,453 $97,300 $21,000 $76,300
2018 $13,225 $97,300 $21,000 $76,300
2017 $12,737 $97,300 $21,000 $76,300
2016 $12,737 $97,300 $21,000 $76,300
2015 -- $97,300 $21,000 $76,300
2014 -- $97,300 $21,000 $76,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2030290

Bright MLS

APN: 27-007-041