NOT LISTED FOR SALE

1615 Sumac St McKeesport, PA 15132

Estimated Value: $127,000 - $191,000

8 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold June 02, 2021

Last sale price $155,000

Est. 6% increase in value since last sale

Current estimated payment $1,247/month

About This Home

As of June 2021

This is a turn-key investment opportunity, that has been professionally managed. 4-unit multi-family, all brick, with 4 garages available for tenants. Currently 3 units occupied. Start building cash flow immediately upon purchase. All units metered separately and the gas and electric is billed separately for each tenant.

Last Agent to Sell the Property

Henry Sauer

COLDWELL BANKER REALTY Listed on: 10/02/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Michael Reed

COLDWELL BANKER REALTY License #RS324465

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,356

Parking

  • Attached Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0381-G-00063-0000-00

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Area Description Sort: McKeesport
  • Construction: Brick
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Map Num Block Num Lot Num Info: 0381-G-00063-0000-00
  • Property Type: Multi-Unit
  • Ratio Close Price By List Price: 0.86592
  • Ratio Close Price By Original Li: 0.77889
  • Type Of Property: Fourplex
  • Years Old: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Description: Integral Garage

Utilities

  • Utilities: 3292

Schools

  • School District: McKeesport Area

Lot Info

  • Lot Size: 0.1081
  • Zoning: RES

Multi Family

  • Gross Annual Income: 26440
  • Unit Count: 4

Tax Info

  • Taxes: 4462

MLS Schools

  • School District: McKeesport Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Jun 2, 2021
Sold by
Sauer Henry
Bought by
Next Level Development Llc
Seller's Agent
Henry Sauer
COLDWELL BANKER REALTY
Buyer's Agent
Michael Reed
COLDWELL BANKER REALTY
List Price
$199,000
Sold Price
$155,000
Premium/Discount to List
-$44,000
-22.11%
Current Estimated Value
$164,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,000
Avg. Annual Appreciation
3.73%
Original Mortgage
$205,000
Outstanding Balance
$186,006
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$4,339

Purchase Details

Listed on
Apr 6, 2013
Closed on
Nov 20, 2013
Sold by
Papageorgiou John
Bought by
Sauer Henry
Seller's Agent
Samuel Pace
BERKSHIRE HATHAWAY THE PREFERRED REALTY
Buyer's Agent
Ron May
BERKSHIRE HATHAWAY THE PREFERRED REALTY
List Price
$175,000
Sold Price
$142,500
Premium/Discount to List
-$32,500
-18.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.12%
Original Mortgage
$106,875
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2003
Sold by
Kachman Ronald
Bought by
Papageorgiou John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Next Level Development Llc $155,000 --
Next Level Develop L L C $155,000 None Available
Sauer Henry $142,500 --
Papageorgiou John $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Next Level Develop L L C $205,000
Previous Owner Sauer Henry $106,875
Previous Owner Papageorgiou John $76,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $155,000 -13.4% --
03/11/2021 03/11/21 Pending -- -- --
11/11/2020 11/11/20 Price Changed $179,000 -5.3% --
10/18/2020 10/18/20 Price Changed $189,000 -5.0% --
10/02/2020 10/02/20 For Sale $199,000 +39.6% --
11/20/2013 11/20/13 Sold $142,500 -18.6% --
09/25/2013 09/25/13 Pending -- -- --
04/06/2013 04/06/13 For Sale $175,000 -- --
Source: West Penn Multi-List

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 $4,540 $98,300 $4,900 $93,400
2024 $4,540 $98,300 $4,900 $93,400
2023 $4,540 $98,300 $4,900 $93,400
2022 $4,540 $98,300 $4,900 $93,400
2021 $3,397 $98,300 $4,900 $93,400
2020 $4,462 $98,300 $4,900 $93,400
2019 $2,995 $98,300 $4,900 $93,400
2018 $465 $98,300 $4,900 $93,400
2017 $2,726 $98,300 $4,900 $93,400
2016 $465 $98,300 $4,900 $93,400
2015 $465 $98,300 $4,900 $93,400
2014 $2,008 $98,300 $4,900 $93,400
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Henry Sauer

    COLDWELL BANKER REALTY

    (412) 848-9404

    1 in this area

    3 Total Sales

    Henry Sauer
    Section Image
  • Michael Reed

    Buyer's Agent in 2021

    Michael Reed

    COLDWELL BANKER REALTY

    (412) 680-1024

    1 in this area

    1,113 Total Sales

    Michael Reed
    Section Image
  • Samuel Pace

    Seller's Agent in 2013

    Samuel Pace

    BHHS Preferred Realty

    (412) 612-8167

    171 Total Sales

    Samuel Pace
    Section Image
  • Ron May

    Buyer's Agent in 2013

    Ron May

    BHHS Preferred Realty

    (412) 589-0278

    5 Total Sales

    Ron May
    Section Image
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Map

Source: West Penn Multi-List

MLS Number: 1471248

West Penn Multi-List

APN: 0381-G-00063-0000-00

Pennsylvania Allegheny County McKeesport 15132

1615 Sumac St, McKeesport, PA

This home is located at 1615 Sumac St, McKeesport, PA 15132 since 02 October 2020 and is currently estimated at $164,000. 1615 Sumac St is a home located in Allegheny County with nearby schools including Mckeesport Area Senior High School, Young Scholars of Greater Allegheny Charter School, and Propel Schools - McKeesport.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

West Penn Multi-List IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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