NOT LISTED FOR SALE

159 Berkley Ave Lansdowne, PA 19050

Estimated Value: $378,000 - $434,000

-- Bed
4 Baths
-- Sq Ft
5,532 Sq Ft Lot

Last Sold March 06, 2019

Last sale price $259,000

Est. 56% increase in value since last sale

Current estimated payment $3,075/month

2 Days on Market

Highlights

  • Second Garage
  • No HOA
  • 4 Car Attached Garage
  • Colonial Architecture
  • Galley Kitchen
  • Front and Side Yard

About This Home

As of March 2019

Investor Alert, Priced Below Market!! This fully occupied Quad is a well maintained Money Maker! Four (4) one (1) bedroom, full bath rental units and two (2) currently rented garages. Basement Storage Units, Tenants Pay Utilities (landlord pays cold water, sewer and common area electric). Convenience to: Public Transportation, Major Driving Routes, Shopping and Schools.

Last Agent to Sell the Property

Steve Sisman

Keller Williams Main Line License #RS218928L Listed on: 01/25/2019

Keller Williams Main Line

Last Buyer's Agent

Jeff Huss

HomeSmart Nexus Realty Group - Blue Bell

HomeSmart Nexus Realty Group - Blue Bell

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,532 Sq Ft Lot
  • Lot Dimensions are 52 x 125
  • Front and Side Yard

Parking

  • 4 Car Attached Garage
  • Second Garage
  • Basement Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Galley Kitchen
  • Gas Oven or Range

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, lawn/shrub care, pest control, sewer, water, electricity, snow removal
  • Tax Lot 255-000
  • Assessor Parcel Number 23-00-00432-00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,800
  • Maintenance Expense $180
  • Operating Expense $12,699
  • Net Operating Income $25,501

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: All tenants personal propery
  • Historic: No
  • Inclusions: Unit Refrigerator and Range
  • New Construction: No
  • Expected On Market: 2019-01-26
  • Year Built: 1950
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Interior Amenities: Dining Area, Kitchen - Galley
  • Fireplace: No
  • Room Count: 12
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 159

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: 2nd Garage
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Paved Driveway
  • Garage Features: Basement Garage, Built In, Garage - Rear Entry, Oversized
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 30
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Pest Control Expense: 420.00
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 100
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Front Yard, Sideyard(s)
  • Lot Size Acres: 0.13
  • Lot Dimensions: 52 x 125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5532.00
  • Year Assessed: 2018
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Sewer, Water, Electricity, Snow Removal
  • Rent Control: No
  • Total Actual Rent: 38200.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 7360.00
  • Tax Annual Amount: 10299.00
  • Assessor Parcel Number: 23-00-00432-00
  • Tax Lot: 255-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 03/06/2019

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 12699.00

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2023
Sold by
Pagano Kristy P
Bought by
Zervalis Gregory
Current Estimated Value
$404,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,250
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 6, 2019
Sold by
Krot Llc
Bought by
Constantino Nicholas and Pagano Mark
Seller's Agent
Steve Sisman
Keller Williams Main Line
Buyer's Agent
Jeff Huss
HomeSmart Nexus Realty Group - Blue Bell
List Price
$259,000
Sold Price
$259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$179,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2011
Closed on
Jan 9, 2012
Sold by
Rosica Joseph M and Rosica Carmela
Bought by
Krot Llc
Seller's Agent
Patty Long
Irving A Miller
Buyer's Agent
Thomas Urian
Compass
List Price
$289,900
Sold Price
$240,000
Premium/Discount to List
-$49,900
-17.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.07%
Original Mortgage
$127,500
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Zervalis Gregory $357,500 None Listed On Document
Constantino Nicholas $259,000 Choice One Abstract Inc
Krot Llc $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zervalis Gregory $910,000
Closed Zervalis Gregory $250,250
Previous Owner Constantino Nicholas $179,500
Previous Owner Krot Llc $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2019 03/06/19 Sold $259,000 0.0% --
01/29/2019 01/29/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $259,000 +7.9% --
01/09/2012 01/09/12 Sold $240,000 -17.2% $73 / Sq Ft
10/31/2011 10/31/11 Pending -- -- --
09/15/2011 09/15/11 For Sale $289,900 -- $88 / 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 $10,491 $254,800 $44,990 $209,810
2024 $10,491 $254,800 $44,990 $209,810
2023 $10,002 $254,800 $44,990 $209,810
2022 $9,805 $254,800 $44,990 $209,810
2021 $14,724 $254,800 $44,990 $209,810
2020 $10,493 $160,000 $32,900 $127,100
2019 $10,317 $160,000 $32,900 $127,100
2018 $10,140 $160,000 $0 $0
2017 $9,917 $160,000 $0 $0
2016 $878 $160,000 $0 $0
2015 $878 $160,000 $0 $0
2014 $878 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE323306

Bright MLS

APN: 23-00-00432-00