NOT LISTED FOR SALE

1621 Swamp Pike Gilbertsville, PA 19525

Douglass Township Neighborhood

Estimated Value: $543,981

-- Bed
2 Baths
7,224 Sq Ft
$75/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $475,000 $66 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,919/month

10 Days on Market

Highlights

  • 2.1 Acre Lot
  • Forced Air Heating System
  • Carpet
  • Shed

About This Home

As of August 2022

Great investment opportunity with 4 residential apartments and 3 commercial spaces for a total of 7 units. The property is fully rented at lower than market rents. There is a large parking lot and it sits on a little over 2 acres. The owner pays all utilities on 5 of the units and 2 units pay their own except sewer. The property is being sold AS IS. Income and expenses are as follows: total income $56,460 - Sewer $3,200, Insurance $2,390, Taxes $9,566, Electric $4,584, Gas $2,808, Trash $1,536. Net operating income is $32,376. Lots of potential here!

Last Agent to Sell the Property

Kathleen Kolarz

Herb Real Estate, Inc. License #AB062397L Listed on: 06/08/2022

Last Buyer's Agent

Vijay Peethambaram

Tesla Realty Group, LLC License #RS338509

Tesla Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,566

Year Built

  • Built in 1920

Lot Details

  • 2.1 Acre Lot
  • Lot Dimensions are 188.00 x 0.00
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 7,224 Sq Ft Home
  • Partial Basement
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Parking Lot

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Well
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for electricity, gas, heat, heater maintenance contract, insurance, sewer, snow removal, trash collection, real estate taxes
  • Tax Lot 6
  • Assessor Parcel Number 32-00-06696-004

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals, professional offices
  • Insurance Expense $2,390
  • Trash Expense $1,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,566

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 4 stoves
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Great investment opportunity with 4 residential apartments and 3 commercial spaces for a total of 7 units. The property is fully rented at lower than market rents. There is a large parking lot and it sits on a little over 2 acres. The owner pays all utilities on 5 of the units and 2 units pay their own except sewer. The property is being sold AS IS. Income and expenses are as follows: total income $56,460 - Sewer $3,200, Insurance $2,390, Taxes $9,566, Electric $4,584, Gas $2,808, Trash $1,536. Net operating income is $32,376. Lots of potential here!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric
  • Flooring Type: Carpet, Vinyl
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 7224
  • Living Area Sq Ft: 7224
  • Price Per Sq Ft: 69.21
  • Above Grade Finished Sq Ft: 7224
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1621

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick, Stucco, Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Asphalt, Flat, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 20
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 20

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 382
  • Previous Twelve Months Electric Expense: 4584.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Gas Avg Month: 234.00
  • Gas Prev12 Months: 2808.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Schools

  • School District: BOYERTOWN AREA
  • School District Key: 300200397041
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4100
  • Lot Size Acres: 2.10
  • Lot Dimensions: 188.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 91476.00
  • Property Condition: Average
  • Zoning: R2

Rental Info

  • Owner Pays: Electricity, Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Snow Removal, Trash Collection, Taxes - Real Estate
  • Total Actual Rent: 56460.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 678429
  • School Tax: 7744.00
  • Tax Annual Amount: 9566.00
  • Assessor Parcel Number: 32-00-06696-004
  • Tax Lot: 6
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/19/2022

Multi Family

  • Income Includes: Apartment Rentals, Professional Offices
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

MLS Schools

  • School District Name: BOYERTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Aug 19, 2022
Sold by
Brunner Della F
Bought by
Swan Homes Llc
Seller's Agent
Kathleen Kolarz
Herb Real Estate, Inc.
Buyer's Agent
Vijay Peethambaram
Tesla Realty Group, LLC
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Total Days on Market
10
Current Estimated Value
$543,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,981
Avg. Annual Appreciation
5.47%
Original Mortgage
$356,250
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 1989
Bought by
Brunner William
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
Swan Homes Llc $475,000 --
Hackenberger Valerie J $8,675 --
Brunner William $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swan Homes Llc $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $475,000 -5.0% $66 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $500,000 -- $69 / 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
2024 $10,391 $263,110 $85,300 $177,810
2023 $9,878 $263,110 $85,300 $177,810
2022 $9,566 $263,110 $85,300 $177,810
2021 $9,267 $263,110 $85,300 $177,810
2020 $8,809 $263,110 $85,300 $177,810
2019 $8,556 $263,110 $85,300 $177,810
2018 $1,487 $263,110 $85,300 $177,810
2017 $7,872 $263,110 $85,300 $177,810
2016 $7,770 $263,110 $85,300 $177,810
2015 $7,399 $263,110 $85,300 $177,810
2014 $7,399 $263,110 $85,300 $177,810
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Kolarz

    Seller's Agent in 2022

    Kathleen Kolarz

    Herb Real Estate, Inc.

    (610) 858-4870

    16 in this area

    119 Total Sales

    Kathleen Kolarz
    Section Image

  • V

    Buyer's Agent in 2022

    Vijay Peethambaram

    Tesla Realty Group, LLC

    (215) 360-1783

    2 in this area

    115 Total Sales

    Vijay Peethambaram
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC2037820

Bright MLS

APN: 32-00-06696-004

Pennsylvania Montgomery County Gilbertsville 19525 Douglass Township

1621 Swamp Pike, Gilbertsville, PA

This home is located at 1621 Swamp Pike, Gilbertsville, PA 19525 since 08 June 2022 and is currently estimated at $543,981, approximately $75 per square foot. This property was built in 1920. 1621 Swamp Pike is a home located in Montgomery County with nearby schools including Boyertown Area Senior High School and Creative Minds Montessori School.

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