NOT LISTED FOR SALE

14 E Albemarle Ave Lansdowne, PA 19050

Estimated Value: $321,079 - $466,000

-- Bed
3 Baths
4,949 Sq Ft
$80/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $280,000 $57 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,134/month

11 Days on Market

Highlights

  • 0.3 Acre Lot
  • 2 Car Detached Garage
  • Multi-Tank Hot Water Heater
  • Victorian Architecture
  • Hot Water Heating System
  • 5-minute walk to Windemere Park

About This Home

As of April 2022

Attention Investors! Come take a look at this huge historic property with tons of income potential! Here is your opportunity to turn this property into a cash cow! This property was built in 1858 and comes with a framed full history and pictures of the house and its original owners! Enter into the large front foyer, where you can enter into the 1st floor unit (3 bedrooms?). It has high amazingly high ceilings and original moldings from the era. Head up the stairwell to the second floor unit, has 2 bedrooms, a large living room and dining room, bathroom and kitchen. Finally, head up one final flight of stairs to the top floor unit. This unit is move-in ready and consists of a kitchen/dining room combo, a bathroom, and 3 additional rooms, which could all be used as bedrooms, or use one as a living room area. There are all new windows in this unit. Potential income can be 1100-1200 for each 2 bedroom unit and 1200-1300 for a 3 bedroom unit . But wait- there’s more! There is a 2 story garage where 2 bay doors can be added and rented out for storage space. This could add a few hundred more, for a total anticipated gross income of around 3500-4000/month. Each unit has a washer and dryer and/or hookup, its own heater, electric, and water heater to easily pass utility costs along to the tenants. 1st floor has a newer water heater, and the 2nd floor has a new gas furnace. Access to the basement is in the wrap around porch in the back of the house. Close to shops, Rte 3, Rte 1, and Garrett Rd Trolley Station to take you into the city! Come see what Lansdowne has to offer, on this beautiful quiet residential street in the north end of town.

Last Agent to Sell the Property

Gary Mercer

LPT Realty, LLC License #RS164185L Listed on: 02/16/2022

LPT Realty, LLC

Co-Listed By

Nicole Courtney

LPT Realty, LLC License #RS357393

Last Buyer's Agent

Gary Mercer

LPT Realty, LLC License #RS164185L Listed on: 02/16/2022

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1858

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 97.00 x 149.00

Parking

  • 2 Car Detached Garage

Home Design

  • 4,949 Sq Ft Home
  • Triplex
  • Victorian Architecture
  • Stone Foundation
  • Stucco

Basement

  • Exterior Basement Entry
  • Dirt Floor

Utilities

  • Hot Water Heating System
  • Multi-Tank Hot Water Heater

Community Details

  • 3 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 188-001
  • Assessor Parcel Number 23-00-00079-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1858

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Inclusions: All kitchen appliances and all unit washers and dryers
  • New Construction: No
  • Year Built: 1858
  • Automatically Close On Close Date: No
  • Remarks Public: Attention Investors! Come take a look at this huge historic property with tons of income potential! Here is your opportunity to turn this property into a cash cow! This property was built in 1858 and comes with a framed full history and pictures of the house and its original owners! Enter into the large front foyer, where you can enter into the 1st floor unit (3 bedrooms?). It has high amazingly high ceilings and original moldings from the era. Head up the stairwell to the second floor unit, has 2 bedrooms, a large living room and dining room, bathroom and kitchen. Finally, head up one final flight of stairs to the top floor unit. This unit is move-in ready and consists of a kitchen/dining room combo, a bathroom, and 3 additional rooms, which could all be used as bedrooms, or use one as a living room area. There are all new windows in this unit. Potential income can be 1100-1200 for each 2 bedroom unit and 1200-1300 for a 3 bedroom unit . But wait- there’s more! There is a 2 story garage where 2 bay doors can be added and rented out for storage space. This could add a few hundred more, for a total anticipated gross income of around 3500-4000/month. Each unit has a washer and dryer and/or hookup, its own heater, electric, and water heater to easily pass utility costs along to the tenants. 1st floor has a newer water heater, and the 2nd floor has a new gas furnace. Access to the basement is in the wrap around porch in the back of the house. Close to shops, Rte 3, Rte 1, and Garrett Rd Trolley Station to take you into the city! Come see what Lansdowne has to offer, on this beautiful quiet residential street in the north end of town.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Dirt Floor, Outside Entrance
  • Total Sq Ft: 4949
  • Living Area Sq Ft: 4949
  • Price Per Sq Ft: 53.55
  • Above Grade Finished Sq Ft: 4949
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 14

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

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

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: WILLIAM PENN
  • School District Key: 300200397351
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 209270.00
  • Land Assessed Value: 72260.00
  • Land Use Code: R-30
  • Lot Size Acres: 0.30
  • Lot Dimensions: 97.00 x 149.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13068.00
  • Year Assessed: 2021
  • Zoning: R30

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 491025
  • School Tax: 7933.00
  • Tax Annual Amount: 12760.00
  • Assessor Parcel Number: 23-00-00079-00
  • Tax Lot: 188-001
  • Tax Total Finished Sq Ft: 4949
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/08/2022

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 8, 2022
Sold by
Michael Esterlis
Bought by
Metro Rental Properties Llc
Seller's Agent
Gary Mercer
LPT Realty, LLC
Buyer's Agent
Gary Mercer
LPT Realty, LLC
List Price
$265,000
Sold Price
$280,000
Premium/Discount to List
$15,000
5.66%
Current Estimated Value
$395,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,986
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Jan 13, 2010
Sold by
Prevail Diana V and Prevail Scott L
Bought by
Esterlis Michael

Purchase Details

Closed on
Feb 13, 2004
Sold by
Stroeber Esq Mingo and Estate Of Mark L Prevail
Bought by
Prevail Diana V and Prevail Scott L

Purchase Details

Closed on
May 16, 2003
Sold by
Stroeber Mingo and Estate Of Georgia E Prevail
Bought by
Prevail Diana V and Prevail Mark L
Source: Public Records

Range of Values:

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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
Metro Rental Properties Llc $280,000 Chesco Settlement Services Llc
Esterlis Michael $120,000 --
Prevail Diana V -- --
Prevail Diana V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Esterlis Michael $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $280,000 +5.7% $57 / Sq Ft
03/03/2022 03/03/22 For Sale $265,000 0.0% $54 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $265,000 -- $54 / 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 $11,591 $281,530 $72,260 $209,270
2023 $11,051 $281,530 $72,260 $209,270
2022 $10,834 $281,530 $72,260 $209,270
2021 $16,269 $281,530 $72,260 $209,270
2020 $8,931 $136,180 $36,820 $99,360
2019 $8,781 $136,180 $36,820 $99,360
2018 $8,630 $136,180 $0 $0
2017 $8,440 $136,180 $0 $0
2016 $747 $136,180 $0 $0
2015 $763 $136,180 $0 $0
2014 $747 $136,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2019236

Bright MLS

APN: 23-00-00079-00