$158,000
SOLD APR 30, 2019

147 Melrose Ave Lansdowne, PA 19050

-- Bed
-- Bath
3,200 Sq Ft
6,011 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

12% Below List Price

Highlights

  • No HOA
  • Hot Water Baseboard Heater
  • 4-minute walk to East Lansdowne Memorial Park
  • En-Suite Primary Bedroom

About This Home

As of March 2022

Price Reduced!!! Large Quad on Nice Street. 4 Spacious and fully rented, 1 bedroom apartments. Tenants pay own heat and electric. All tenants are long term. Lots of parking in rear driveway. Use and Occupancy Certificates are up to date. This is a great buy for someone to just sign the papers and collect the rents! This property does need work, but is a great buy!

Last Agent to Sell the Property

Christine Hallman

SCOTT REALTY GROUP Listed on: 07/12/2018

Last Buyer's Agent

Carlos Masip

KW Empower License #AB068852

KW Empower

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • Driveway

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,200 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Penn Wood High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 227-000
  • Assessor Parcel Number 17-00-00530-00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $977
  • Maintenance Expense $500
  • Other Expense $400
  • Operating Expense $8,877

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Other Expense: 400.00
  • Year Built: 1920
  • Remarks Public: Price Reduced!!! Large Quad on Nice Street. 4 Spacious and fully rented, 1 bedroom apartments. Tenants pay own heat and electric. All tenants are long term. Lots of parking in rear driveway. Use and Occupancy Certificates are up to date. This is a great buy for someone to just sign the papers and collect the rents! This property does need work, but is a great buy!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3200
  • Living Area Sq Ft: 3200
  • Price Per Sq Ft: 56.22
  • Above Grade Finished Sq Ft: 3200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 147

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • 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

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1007.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: WILLIAM PENN
  • High School: PENN WOOD
  • School District Key: 300200397351
  • High School: PENN WOOD

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: R-40
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6011.00
  • Zoning: R-40

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Multi Family

  • Gross Income: 29700.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 465373
  • Tax Annual Amount: 5993.00
  • Assessor Parcel Number: 17-00-00530-00
  • Tax Lot: 227-000
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 04/30/2019

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2022
Closed on
Mar 31, 2022
Sold by
Puppers Ii Llc
Bought by
Basil Hasheem
Seller's Agent
Ryan Straub
KW Main Line - Neighborhood Real Estate
Buyer's Agent
Sy Nicholson
Domain Real Estate Group, LLC
List Price
$299,999
Sold Price
$315,000
Premium/Discount to List
$15,001
5%
Current Estimated Value
$355,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,333
Avg. Annual Appreciation
1.09%
Original Mortgage
$322,245
Outstanding Balance
$307,320
Interest Rate
4.67%
Mortgage Type
VA
Estimated Equity
$20,013

Purchase Details

Listed on
Jul 12, 2018
Closed on
Apr 22, 2019
Sold by
Quinn Brian E and Marqutte Darlene A
Bought by
Puppers Ii Llc
Seller's Agent
Christine Hallman
SCOTT REALTY GROUP
Buyer's Agent
Carlos Masip
KW Empower
List Price
$179,900
Sold Price
$158,000
Premium/Discount to List
-$21,900
-12.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.28%

Purchase Details

Closed on
Jan 26, 1994
Sold by
Quinn Brian E
Bought by
Quinn Brian E and Marquett Darlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.11%
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 $315,000 Title Services
Deed $158,000 Ledger Property Abstract Llc
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $322,245 VA
Previous Owner $118,500 Commercial
Previous Owner $70,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $315,000 +5.0% $117 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $299,999 +89.9% $111 / Sq Ft
04/30/2019 04/30/19 Sold $158,000 -12.2% $49 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $179,900 +13.9% $56 / Sq Ft
03/01/2019 03/01/19 Off Market $158,000 -- --
02/15/2019 02/15/19 Price Changed $179,900 -5.3% $56 / Sq Ft
10/27/2018 10/27/18 Price Changed $189,900 -5.0% $59 / Sq Ft
07/12/2018 07/12/18 For Sale $199,900 -- $62 / 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 $6,823 $159,670 $48,630 $111,040
2024 $6,823 $159,670 $48,630 $111,040
2023 $5,101 $159,670 $48,630 $111,040
2022 $6,154 $159,670 $48,630 $111,040
2021 $9,174 $159,670 $48,630 $111,040
2020 $6,082 $92,340 $21,030 $71,310
2019 $5,980 $92,340 $21,030 $71,310
2018 $5,901 $92,340 $0 $0
2017 $5,599 $92,340 $0 $0
2016 $507 $92,340 $0 $0
2015 $517 $92,340 $0 $0
2014 $507 $92,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002040852

Bright MLS

APN: 17-00-00530-00