NOT LISTED FOR SALE

173 Berkley Ave Lansdowne, PA 19050

Estimated Value: $283,000 - $458,000

-- Bed
4 Baths
3,300 Sq Ft
$110/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $140,000 $42 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $2,744/month

31 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 3-minute walk to Reservoir park
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

About This Home

As of August 2016

CASH COW! Check out this amazing opportunity for you to earn a very strong passive income with this 4 unit building that also has 2 oversized garages that can be rented for extra income. This huge corner property is on a very nice and quiet block just across the street from Ardmore Avenue Elementary School. Each apartment is a very spacious one bedroom with hardwood floors and tons of natural light. Although it is in good overall condition, this investment property is being sold well below market value because it does need some work. All the utilities are separated and each apartment has access to the basement with a community area for washer/dryer setup and private storage lockers. Renovated 1 bedroom apartments in the area rent from $800-$900 per month and each garage should rent in the $150 per month range. The rental prices are estimates and represent the potential rental income for this property. The borough has inspected the premises and the necessary list of repairs is available upon request. Seller is looking for a CASH BUYER who can close in a timely manner.

Last Agent to Sell the Property

KEN GEHRIS

kgehris@housepad.com USRealty.com LLP License #TREND:029371 Listed on: 07/15/2016

Last Buyer's Agent

KEN GEHRIS

kgehris@housepad.com USRealty.com LLP License #TREND:029371 Listed on: 07/15/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,142 Sq Ft Lot
  • Lot Dimensions are 52x125

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 3,300 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Driveway
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Well
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 100-000
  • Assessor Parcel Number 23-00-00435-00

Community Details

Overview

  • No Home Owners Association
  • Lansdowne Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $9,723

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common
  • Total Sq Ft: 3300
  • Living Area Sq Ft: 3300
  • Price Per Sq Ft: 51.48
  • Above Grade Finished Sq Ft: 3300
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 52X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6142.00
  • Property Attached Yn: Yes
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 491587
  • Tax Annual Amount: 9826.00
  • Assessor Parcel Number: 23-00-00435-00
  • Tax Lot: 100-000
  • Tax Year: 2016

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 19, 2016
Sold by
Cifaldi Property Investments Llc
Bought by
Bans Sandeep
Seller's Agent
KEN GEHRIS
USRealty.com LLP
Buyer's Agent
KEN GEHRIS
USRealty.com LLP
List Price
$169,900
Sold Price
$140,000
Premium/Discount to List
-$29,900
-17.6%
Current Estimated Value
$362,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,749
Avg. Annual Appreciation
10.77%
Original Mortgage
$149,607
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 15, 2016
Closed on
Jul 8, 2016
Sold by
Ditrolio Daniel C
Bought by
Cifaldi Property Investments Llc
Seller's Agent
KEN GEHRIS
USRealty.com LLP
Buyer's Agent
KEN GEHRIS
USRealty.com LLP
List Price
$169,900
Sold Price
$140,000
Premium/Discount to List
-$29,900
-17.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,607
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 11, 1982
Sold by
Knapp Michael and Knapp Janet D
Bought by
Ditrolio Daniel C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bans Sandeep $140,000 None Available
Cifaldi Property Investments Llc $54,685 Attorney
Ditrolio Daniel C $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cifaldi Property Investments Llc $149,607
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $140,000 -17.6% $42 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $169,900 -- $51 / 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 $10,100 $245,310 $45,380 $199,930
2024 $10,100 $245,310 $45,380 $199,930
2023 $9,629 $245,310 $45,380 $199,930
2022 $9,440 $245,310 $45,380 $199,930
2021 $14,176 $245,310 $45,380 $199,930
2020 $10,418 $158,850 $33,150 $125,700
2019 $10,243 $158,850 $33,150 $125,700
2018 $10,067 $158,850 $0 $0
2017 $9,845 $158,850 $0 $0
2016 $872 $158,850 $0 $0
2015 $890 $158,850 $0 $0
2014 $890 $158,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    KEN GEHRIS

    USRealty.com LLP

See All Agents

Map

Source: Bright MLS

MLS Number: 1003930245

Bright MLS

APN: 23-00-00435-00

Pennsylvania Delaware County Lansdowne 19050

173 Berkley Ave, Lansdowne, PA

Not Listed for Sale

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