NOT LISTED FOR SALE

1537 Rainer Rd Brookhaven, PA 19015

Chester Township Neighborhood

Estimated Value: $171,000 - $262,000

4 Beds
2 Baths
1,298 Sq Ft
$151/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $145,000 $112 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,273/month

10 Days on Market

Highlights

  • 0.15 Acre Lot
  • No HOA
  • En-Suite Primary Bedroom
  • Wood Flooring
  • Living Room
  • Central Heating and Cooling System

About This Home

As of December 2021

High cap opportunity for investors or flippers, a (10) ten-unit, value-add portfolio located throughout Delaware County in Brookhaven, Trainer, Woodlyn, Eddystone, and Chester City. All have consistently passed section 8 and township inspections year over year. The turnkey investment portfolio consists of (2) two single family dwellings, (4) four twins and (4) four townhomes that have equity upside as flips or add to your rental portfolio. The average square footage of the units is 1289 square feet. The average rent per unit is $1329/month. The total portfolio rent roll is $13,292/month and current cap rate is 9%. Expenses per property average out to $3703/per property The current average rent rate in this market is $1515/month (Total portfolio: $15, 150/month). There is an excellent opportunity for an investor to increase rents and increase cap rate to 12%-13% based on current rental rates. Properties are being sold as-is. Buyer responsible for U&O. Tenants are responsible for payment of all utilities except sewer. All buyers must be pre-approved before showings.

Last Agent to Sell the Property

Ralph Harvey

ListWithFreedom.com License #RM424475 Listed on: 11/09/2021

ListWithFreedom.com

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,904

Year Built

  • Built in 1970

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 30.00 x 100.00
  • Chain Link Fence

Home Design

  • Villa
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Laundry in Basement
  • Gas Oven or Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Toby Farms Subdivision

Listing and Financial Details

  • Tax Lot 312-000
  • Assessor Parcel Number 07-00-00601-06

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,904

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Villa
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: High cap opportunity for investors or flippers, a (10) ten-unit, value-add portfolio located throughout Delaware County in Brookhaven, Trainer, Woodlyn, Eddystone, and Chester City. All have consistently passed section 8 and township inspections year over year. The turnkey investment portfolio consists of (2) two single family dwellings, (4) four twins and (4) four townhomes that have equity upside as flips or add to your rental portfolio. The average square footage of the units is 1289 square feet. The average rent per unit is $1329/month. The total portfolio rent roll is $13,292/month and current cap rate is 9%. Expenses per property average out to $3703/per property The current average rent rate in this market is $1515/month (Total portfolio: $15, 150/month). There is an excellent opportunity for an investor to increase rents and increase cap rate to 12%-13% based on current rental rates. Properties are being sold as-is. Buyer responsible for U&O. Tenants are responsible for payment of all utilities except sewer. All buyers must be pre-approved before showings.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Oven/Range - Gas
  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 6
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
  • Basement: Yes
  • Basement Type: Partially Finished
  • Laundry Type: Basement
  • Total Sq Ft: 1598
  • Living Area Sq Ft: 1298
  • Price Per Sq Ft: 111.71
  • Above Grade Finished Sq Ft: 1298
  • Below Grade Sq Ft: 300
  • Total Below Grade Sq Ft: 300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1537

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Brick, Aluminum Siding
  • Road Surface Type: Paved
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: CHESTER-UPLAND
  • School District Key: 300200397352
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Chain Link
  • Improvement Assessed Value: 52120.00
  • Land Assessed Value: 19760.00
  • Land Use Code: R-10
  • Lot Size Acres: 0.15
  • Lot Dimensions: 30.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 410910
  • School Tax: 1131.00
  • Tax Annual Amount: 1904.00
  • Assessor Parcel Number: 07-00-00601-06
  • Tax Lot: 312-000
  • Tax Total Finished Sq Ft: 1260
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/30/2021

MLS Schools

  • School District Name: CHESTER-UPLAND

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 23, 2021
Sold by
Balbarick Michael G
Bought by
Rad Diversified Reit Inc
Seller's Agent
Ralph Harvey
ListWithFreedom.com
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,300,000
Sold Price
$145,000
Premium/Discount to List
-$1,155,000
-88.85%
Current Estimated Value
$196,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,329
Avg. Annual Appreciation
7.52%
Original Mortgage
$360,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2006
Sold by
Va
Bought by
Balbarick Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,900
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2005
Sold by
Whittington Frances F and United States Of America
Bought by
Va
Source: Public Records

Range of Values:

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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
Rad Diversified Reit Inc $145,000 None Listed On Document
Balbarick Michael G $60,500 None Available
Va -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rad Diversified Reit Inc $360,000
Previous Owner Barbarick Michael G $55,300
Previous Owner Balbarick Michael G $54,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $145,000 0.0% $112 / Sq Ft
12/17/2021 12/17/21 Price Changed $145,000 -88.8% $112 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $1,300,000 -- $1,002 / 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 $2,438 $105,560 $19,760 $85,800
2024 $2,438 $105,560 $19,760 $85,800
2023 $2,525 $105,560 $19,760 $85,800
2022 $1,756 $71,880 $19,760 $52,120
2021 $2,556 $71,880 $19,760 $52,120
2020 $2,303 $53,150 $14,410 $38,740
2019 $2,308 $53,150 $14,410 $38,740
2018 $2,280 $53,150 $0 $0
2017 $2,187 $53,150 $0 $0
2016 $292 $53,150 $0 $0
2015 $292 $53,150 $0 $0
2014 $292 $53,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ralph Harvey

    Seller's Agent in 2021

    Ralph Harvey

    ListWithFreedom.com

    (855) 456-4945

    1 in this area

    10,981 Total Sales

    Ralph Harvey
    Section Image
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Map

Source: Bright MLS

MLS Number: PADE2011016

Bright MLS

APN: 07-00-00601-06

Pennsylvania Delaware County Brookhaven 19015 Chester Township

1537 Rainer Rd, Brookhaven, PA

This home is located at 1537 Rainer Rd, Brookhaven, PA 19015 since 09 November 2021 and is currently estimated at $196,329, approximately $151 per square foot. This property was built in 1970. 1537 Rainer Rd is a home located in Delaware County with nearby schools including The Christian Academy and Institute of Islamic Studies.

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