NOT LISTED FOR SALE

1341 Locust St Norristown, PA 19401

Estimated Value: $248,907 - $289,000

-- Bed
3 Baths
1,888 Sq Ft
$139/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $195,000 $103 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,813/month

Highlights

  • No HOA
  • 3 Car Detached Garage
  • Hot Water Heating System

About This Home

As of October 2021

Have you been waiting for an affordable income producing property? This one is full and ready to build equity for the next owner! 3 one bedroom units and a detached 3 car garage. Walking distance to public transportation.

Last Agent to Sell the Property

Carolyn Prante

(610) 476-1713 cprante@cbpref.com Coldwell Banker Realty License #AB066347 Listed on: 04/22/2021

Coldwell Banker Realty

Last Buyer's Agent

Demetrius Smith

(610) 247-4006 demetrius.smith@cbpref.com Coldwell Banker Realty License #RS353710

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,833

Year Built

  • Built in 1915

Lot Details

  • 3,080 Sq Ft Lot
  • Lot Dimensions are 22.00 x 0.00

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 1,888 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 051
  • Assessor Parcel Number 13-00-20864-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,833

Year Built

Built in 1915

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-04-24
  • Year Built: 1915
  • Remarks Public: Have you been waiting for an affordable income producing property? This one is full and ready to build equity for the next owner! 3 one bedroom units and a detached 3 car garage. Walking distance to public transportation.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 103.28
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1341

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Covered Parking
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.07
  • Lot Dimensions: 22.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3080.00
  • Year Assessed: 2021
  • Zoning: TRIPLEX

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 618221
  • School Tax: 3231.00
  • Tax Annual Amount: 4833.00
  • Assessor Parcel Number: 13-00-20864-003
  • Tax Lot: 051
  • Tax Total Finished Sq Ft: 1888
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/01/2021

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Sep 30, 2021
Sold by
Lech David and Lech Susan M
Bought by
Turner Kesia R
Seller's Agent
Carolyn Prante
Coldwell Banker Realty
Buyer's Agent
Demetrius Smith
Coldwell Banker Realty
List Price
$169,900
Sold Price
$195,000
Premium/Discount to List
$25,100
14.77%
Current Estimated Value
$262,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,227
Avg. Annual Appreciation
7.65%
Original Mortgage
$146,194
Outstanding Balance
$133,315
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$128,912

Purchase Details

Closed on
Jun 30, 1986
Bought by
Lech David and Lech Susan M
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 Buyer Sale Price Title Company
Turner Kesia R $195,000 None Available
Lech David $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Kesia R $146,194
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $195,000 0.0% $103 / Sq Ft
08/06/2021 08/06/21 Price Changed $195,000 +14.8% $103 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
06/10/2021 06/10/21 Price Changed $169,900 0.0% $90 / Sq Ft
06/10/2021 06/10/21 For Sale $169,900 0.0% $90 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $169,900 -- $90 / 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 $5,009 $81,610 $21,770 $59,840
2024 $5,009 $81,610 $21,770 $59,840
2023 $4,964 $81,610 $21,770 $59,840
2022 $4,857 $81,610 $21,770 $59,840
2021 $4,833 $81,610 $21,770 $59,840
2020 $4,611 $81,610 $21,770 $59,840
2019 $4,527 $81,610 $21,770 $59,840
2018 $3,013 $81,610 $21,770 $59,840
2017 $4,157 $81,610 $21,770 $59,840
2016 $4,124 $81,610 $21,770 $59,840
2015 $3,951 $81,610 $21,770 $59,840
2014 $3,951 $81,610 $21,770 $59,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC689476

Bright MLS

APN: 13-00-20864-003