NOT LISTED FOR SALE

146 Beecher Ave Cheltenham, PA 19012

Estimated Value: $330,000 - $383,998

-- Bed
3 Baths
2,672 Sq Ft
$135/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $232,000 $87 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,417/month

Highlights

  • Wood Flooring
  • No HOA
  • Ceiling Fan
  • Cheltenham High School Rated A-
  • Brick Front
  • Hot Water Heating System

About This Home

As of June 2019

This Cheltenham Village duplex hits all of the check boxes for a money making investment property or as an owner occupied while the second unit pays the mortgage. Recent updates to the first floor provide a move in ready owner s unit. This 3 bedroom, 1.5 bath apartment has plenty of space and is easy to rent if owner occupied is not what you are looking for. The second unit spans the 2nd and 3rd floors with 2 bedrooms and 1 bath. Separate gas and electric, driveway, garage/shed (as-is) for storage, backyard, additional basement storage. Two blocks from Septa s Ryers Train Station, close to multiple bus lines and easy access to the city. With a capitalization rate of almost 8% as listed and a GRM of less than 8 years, this is one of the best investments Cheltenham has to offer right now. Unit 1 (3 Bed,1.5 Bath) was recently rented at $1,300/mo, Unit 2 (2 Bed, 1 Bath) is currently month-to-month and rented at $1,100/mo.

Last Agent to Sell the Property

Lawrence DiFranco

(215) 681-6940 larry@elfantwissahickon.com Elfant Wissahickon-Chestnut Hill Listed on: 05/08/2019

Elfant Wissahickon-Chestnut Hill

Last Buyer's Agent

Joyce Pakstis

(215) 913-5423 joycepakstis@gmail.com Realty Mark Associates-CC License #RS346278

Realty Mark Associates-CC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,505

Year Built

  • Built in 1900

Lot Details

  • 2,958 Sq Ft Lot
  • Lot Dimensions are 29.00 x 0.00
  • Property is in good condition

Home Design

  • Duplex
  • Vinyl Siding
  • Brick Front
  • Stucco

Interior Spaces

  • 2,672 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Laundry

  • Washer
  • Gas Dryer

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiator
  • Radiant Heating System
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 042
  • Assessor Parcel Number 31-00-02041-007

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building
  • Cheltenham Vil Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,512
  • Maintenance Expense $500
  • Operating Expense $1,000
  • Gross Income $28,800
  • Net Operating Income $20,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,505

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 2x Washer/Dryer, 2x refrigerator all As-is
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: This Cheltenham Village duplex hits all of the check boxes for a money making investment property or as an owner occupied while the second unit pays the mortgage. Recent updates to the first floor provide a move in ready owner s unit. This 3 bedroom, 1.5 bath apartment has plenty of space and is easy to rent if owner occupied is not what you are looking for. The second unit spans the 2nd and 3rd floors with 2 bedrooms and 1 bath. Separate gas and electric, driveway, garage/shed (as-is) for storage, backyard, additional basement storage. Two blocks from Septa s Ryers Train Station, close to multiple bus lines and easy access to the city. With a capitalization rate of almost 8% as listed and a GRM of less than 8 years, this is one of the best investments Cheltenham has to offer right now. Unit 1 (3 Bed,1.5 Bath) was recently rented at $1,300/mo, Unit 2 (2 Bed, 1 Bath) is currently month-to-month and rented at $1,100/mo.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Gas, Refrigerator, Washer
  • Flooring Type: Wood
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2672
  • Living Area Sq Ft: 2672
  • Price Per Sq Ft: 81.96
  • Above Grade Finished Sq Ft: 2672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 146

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick Front, Stucco, Vinyl Siding
  • 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: Driveway, On Street, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiant, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 76
  • Water Previous Twelve Months: 906.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.07
  • Lot Dimensions: 29.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2958.00
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: C3

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 28800.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 664748
  • School Tax: 4347.00
  • Tax Annual Amount: 5505.00
  • Assessor Parcel Number: 31-00-02041-007
  • Tax Lot: 042
  • Tax Total Finished Sq Ft: 2672
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 06/28/2019

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 13200.00
  • Gross Scheduled Income: 28800.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 1000.00

MLS Schools

  • School District Name: CHELTENHAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Jun 24, 2019
Sold by
Difranco Neil Lawrence and Difranco Theresa L
Bought by
Aukett Matthew
Seller's Agent
Lawrence DiFranco
Elfant Wissahickon-Chestnut Hill
Buyer's Agent
Joyce Pakstis
Realty Mark Associates-CC
List Price
$219,000
Sold Price
$232,000
Premium/Discount to List
$13,000
5.94%
Current Estimated Value
$360,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,750
Avg. Annual Appreciation
7.23%
Original Mortgage
$227,797
Outstanding Balance
$201,483
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$159,267

Purchase Details

Closed on
Dec 10, 2004
Sold by
Not Provided
Bought by
Not Provided

Purchase Details

Closed on
Oct 15, 2004
Sold by
Not Provided
Bought by
Not Provided
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
Aukett Matthew $232,000 None Available
Not Provided $201,000 --
Not Provided $201,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aukett Matthew $227,797
Closed Not Provided $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $232,000 +5.9% $87 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $219,000 -- $82 / 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 $6,120 $91,620 $28,940 $62,680
2024 $6,120 $91,620 $28,940 $62,680
2023 $6,051 $91,620 $28,940 $62,680
2022 $5,946 $91,620 $28,940 $62,680
2021 $5,783 $91,620 $28,940 $62,680
2020 $5,617 $91,620 $28,940 $62,680
2019 $5,505 $91,620 $28,940 $62,680
2018 $2,474 $91,620 $28,940 $62,680
2017 $5,255 $91,620 $28,940 $62,680
2016 $5,220 $91,620 $28,940 $62,680
2015 $4,976 $91,620 $28,940 $62,680
2014 $4,976 $91,620 $28,940 $62,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC607840

Bright MLS

APN: 31-00-02041-007