NOT LISTED FOR SALE

1512 Arch St Norristown, PA 19401

Estimated Value: $429,000 - $480,479

-- Bed
4 Baths
1,849 Sq Ft
$247/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $460,000 $249 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,939/month

24 Days on Market

Highlights

  • 1 Car Detached Garage
  • Bungalow
  • Hot Water Baseboard Heater

About This Home

As of July 2024

Investor Alert! You don't want to miss this one of a kind quadplex in Norristown. Great rental history with...Apt A $750 since 2017, Apt B $750 since 2020, Apt C $800 since 2021 and Apt D $900 just moved in and is paid through June - additional months rent will be transferred at settlement. Heater and chimney liner replaced in 2/2024, Lead Based Paint testing done 12/22 - all units passed. Apts C & D have been recently updated. All appliances are the properties and go with the sale. Buyer is responsible for acquiring the Borough U&O. Take over the property and start collecting the rent checks!

Last Agent to Sell the Property

Anthony Keane

(610) 715-2292 akeanehomes@gmail.com Real of Pennsylvania Listed on: 02/22/2024

Real of Pennsylvania

Last Buyer's Agent

Lorry Hunt

(215) 668-8908 lorryhuntrealtor@gmail.com Keller Williams Main Line License #RS323209

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,173

Year Built

  • Built in 1925

Lot Details

  • 8,800 Sq Ft Lot
  • Lot Dimensions are 40.00 x 0.00
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Assigned Parking Garage Space
  • Side Facing Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • 1,849 Sq Ft Home
  • Quadruplex
  • Bungalow
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Asphalt Roof

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 13-00-01920-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,173

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! You don't want to miss this one of a kind quadplex in Norristown.  Great rental history with...Apt A $750 since 2017, Apt B $750 since 2020, Apt C $800 since 2021 and Apt D $900 just moved in and is paid through June - additional months rent will be transferred at settlement.  Heater and chimney liner replaced in 2/2024, Lead Based Paint testing done 12/22 - all units passed.  Apts C & D have been recently updated.  All appliances are the properties and go with the sale.  Buyer is responsible for acquiring the Borough U&O. Take over the property and start collecting the rent checks!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1849
  • Living Area Sq Ft: 1849
  • Price Per Sq Ft: 243.37
  • Above Grade Finished Sq Ft: 1849
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1512

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Asphalt, Pitched
  • 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: Garage - Side Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Driveway, Off Street, On Street, Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

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

Schools

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

Lot Info

  • Land Use Code: 1136
  • Lot Size Acres: 0.20
  • Lot Dimensions: 40.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8800.00
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 3978.00
  • Tax Annual Amount: 6173.00
  • Assessor Parcel Number: 13-00-01920-002
  • Tax Lot: 8
  • Tax Total Finished Sq Ft: 1849
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/25/2024

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Jul 24, 2024
Sold by
Keane Anthony and Keane Nicole
Bought by
Cortero Properties Llc
Seller's Agent
Anthony Keane
Real of Pennsylvania
Buyer's Agent
Lorry Hunt
Keller Williams Main Line
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Views
42
Current Estimated Value
$456,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,630
Avg. Annual Appreciation
-0.66%
Original Mortgage
$370,400
Outstanding Balance
$365,942
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$90,428

Purchase Details

Closed on
Apr 20, 2007
Sold by
Butler Walter and Butler Kay F
Bought by
Keane Anthony and Keane Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,600
Interest Rate
6.23%
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
Cortero Properties Llc $463,000 Heritage Land Transfer
Keane Anthony $266,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortero Properties Llc $370,400
Previous Owner Keane Anthony $26,600
Previous Owner Keane Anthony $212,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $460,000 +2.2% $249 / Sq Ft
06/14/2024 06/14/24 For Sale $450,000 0.0% $243 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $450,000 0.0% $243 / Sq Ft
02/10/2024 02/10/24 Rented $900 0.0% --
02/05/2024 02/05/24 For Rent $900 +20.0% --
12/28/2020 12/28/20 Rented $750 0.0% --
12/18/2020 12/18/20 Under Contract -- -- --
12/18/2020 12/18/20 Rented $750 0.0% --
12/07/2020 12/07/20 For Rent $750 -9.1% --
10/22/2018 10/22/18 Rented $825 0.0% --
10/11/2018 10/11/18 For Rent $825 -- --
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 $6,230 $101,490 $44,230 $57,260
2024 $6,230 $101,490 $44,230 $57,260
2023 $6,174 $101,490 $44,230 $57,260
2022 $6,040 $101,490 $44,230 $57,260
2021 $6,011 $101,490 $44,230 $57,260
2020 $5,734 $101,490 $44,230 $57,260
2019 $5,629 $101,490 $44,230 $57,260
2018 $3,747 $101,490 $44,230 $57,260
2017 $5,170 $101,490 $44,230 $57,260
2016 $5,130 $101,490 $44,230 $57,260
2015 $4,915 $101,490 $44,230 $57,260
2014 $4,915 $101,490 $44,230 $57,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2096210

Bright MLS

APN: 13-00-01920-002