NOT LISTED FOR SALE

1331 Ashbourne Rd Elkins Park, PA 19027

Elkins Park Neighborhood

Estimated Value: $238,000 - $484,717

-- Bed
2 Baths
2,500 Sq Ft
$122/Sq Ft Est. Value

Last Sold December 31, 2024

Last sale price $242,500 $97 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,419/month

460 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Hot Water Heating System
  • Myers Elementary School Rated A-

About This Home

As of December 2024

Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted back to single family as well.
Yearly expenses as follows: $17,712
Water and sewer $2800, Oil/heat $3078, PECO common areas $1764, Building Insurance $1344, Real estate taxes $8726.

Yearly rental Income: $31,860
Yearly expenses : $17,712
net operating income-$14,148.00
Apt B - lower level apartment $735 (not legally zoned)
Floor 1 - 1st floor rear $895
Floor 2 - 2nd floor $1,025

call for appointments-24 hour notice.

Last Agent to Sell the Property

John O'Connell

Elfant Wissahickon-Chestnut Hill Listed on: 08/01/2023

Elfant Wissahickon-Chestnut Hill

Last Buyer's Agent

John O'Connell

Elfant Wissahickon-Chestnut Hill Listed on: 08/01/2023

Elfant Wissahickon-Chestnut Hill

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,600 Sq Ft Lot
  • Lot Dimensions are 50.00 x 0.00

Home Design

  • Triplex
  • Traditional Architecture
  • Stone Foundation
  • Stone Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • 2 Driveway Spaces
  • 2 Off-Street Spaces

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, heater maintenance contract, insurance, repairs, sewer, snow removal, real estate taxes, trash collection, water
  • Tax Lot 5
  • Assessor Parcel Number 31-00-00742-001

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $19,271
  • Gross Income $37,740
  • Net Operating Income $18,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted back to single family as well. Yearly expenses as follows: $17,712 Water and sewer $2800, Oil/heat $3078, PECO common areas $1764, Building Insurance $1344, Real estate taxes $8726. Yearly rental Income: $31,860 Yearly expenses : $17,712 net operating income-$14,148.00 Apt B - lower level apartment $735 (not legally zoned) Floor 1 - 1st floor rear $895 Floor 2 - 2nd floor $1,025 call for appointments-24 hour notice.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Stone
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 104.00
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1331

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 2

Utilities

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

Schools

  • School District: CHELTENHAM
  • School District Key: 300200396295
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.24
  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10600.00
  • Year Assessed: 2024
  • Zoning: MULTI
  • Zoning Description: multi family

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Heat, Heater Maintenance Contract, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 37740.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 7025.00
  • Tax Annual Amount: 8935.00
  • Assessor Parcel Number: 31-00-00742-001
  • Tax Lot: 5
  • Tax Total Finished Sq Ft: 1961
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2024
  • Close Date: 12/31/2024

Multi Family

  • Gross Income: 37740.00
  • Gross Scheduled Income: 37740.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 19271.00
  • Single Room Units Count: 1

MLS Schools

  • School District Name: CHELTENHAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Nov 26, 2024
Sold by
Tsui Freeman
Bought by
Orange Juice Properties Philadelphia Llc
Seller's Agent
John O'Connell
Elfant Wissahickon-Chestnut Hill
Buyer's Agent
John O'Connell
Elfant Wissahickon-Chestnut Hill
List Price
$425,000
Sold Price
$242,500
Premium/Discount to List
-$182,500
-42.94%
Views
734
Current Estimated Value
$304,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,179
Avg. Annual Appreciation
46.29%
Original Mortgage
$244,200
Outstanding Balance
$242,686
Interest Rate
6.69%
Mortgage Type
Construction
Estimated Equity
$61,993

Purchase Details

Closed on
Nov 22, 2006
Sold by
Young Valerie J and Young Falco Valerie J
Bought by
Tsui Freeman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.4%

Purchase Details

Closed on
Oct 23, 2002
Sold by
Huck Marlene A and Huck Lawrence P
Bought by
Young Valerie J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Orange Juice Properties Philadelphia Llc $242,500 Northwest Abstract
Tsui Freeman $190,000 None Available
Young Valerie J $141,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orange Juice Properties Philad $244,200
Previous Owner Orange Juice Properties Philadelphia Llc $244,200
Previous Owner Tsui Freeman $152,000
Previous Owner Young Falco Valerie J $35,000
Previous Owner Young Valerie J $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $242,500 -6.7% $97 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
10/21/2024 10/21/24 Price Changed $260,000 -17.5% $104 / Sq Ft
07/24/2024 07/24/24 Price Changed $315,000 -9.7% $126 / Sq Ft
01/06/2024 01/06/24 Price Changed $349,000 -6.9% $140 / Sq Ft
09/07/2023 09/07/23 Price Changed $375,000 -11.8% $150 / Sq Ft
08/01/2023 08/01/23 For Sale $425,000 -- $170 / 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 $8,827 $132,140 $60,900 $71,240
2023 $8,727 $132,140 $60,900 $71,240
2022 $8,576 $132,140 $60,900 $71,240
2021 $8,341 $132,140 $60,900 $71,240
2020 $8,101 $132,140 $60,900 $71,240
2019 $7,939 $132,140 $60,900 $71,240
2018 $3,104 $132,140 $60,900 $71,240
2017 $7,580 $132,140 $60,900 $71,240
2016 $7,528 $132,140 $60,900 $71,240
2015 $7,178 $132,140 $60,900 $71,240
2014 $7,178 $132,140 $60,900 $71,240
Source: Public Records

Agents Affiliated with this Home

  • John O'Connell

    Seller's Agent in 2024

    John O'Connell

    Elfant Wissahickon-Chestnut Hill

    (267) 312-1925

    2 in this area

    65 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC2079664

Bright MLS

APN: 31-00-00742-001

Pennsylvania Montgomery County Elkins Park 19027 Elkins Park

1331 Ashbourne Rd, Elkins Park, PA

This home is located at 1331 Ashbourne Rd, Elkins Park, PA 19027 since 01 August 2023 and is currently estimated at $304,679, approximately $121 per square foot. This property was built in 1900. 1331 Ashbourne Rd is a home located in Montgomery County with nearby schools including Myers Elementary School, Elkins Park School, and Cedarbrook Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes