NOT LISTED FOR SALE

Estimated Value: $502,000 - $687,000

-- Bed
4 Baths
3,499 Sq Ft
$168/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $499,990 $143 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,891/month

63 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Hot Water Heating System
  • West Broad Street Elementary School Rated A
  • Summer or Winter Changeover Switch For Hot Water
  • 4-minute walk to Chestnut Street Park

About This Home

As of September 2021

Four unit apartment building with brick construction, 4 newer gas boilers and washer/dryers in each apartment, 5 updated separate electric boxes. Fully rented with long term tenants. Ample off street private parking lot. Perfect unit mix: 2 first floor apartments with one and two bedrooms each, and 2 second floor apartments with one and three bedrooms each. Strong rental history with below market rents. Yearly income of $48,100 with estimated upside of 25% rental increase. Can be purchased individually or with the brick building next door (167 Main Street) for an 8 unit property! Perfect investment property.



Income & Expenses Unit Rent 171 A = $875 171 B = $1395 173 A = $870 173 B = $875 Rent $48,180 ($4,015/ month) Taxes $6924 Insurance $2029

Last Agent to Sell the Property

Donna Maicher

RE/MAX 440 - Pennsburg License #RS220894L Listed on: 05/31/2021

RE/MAX 440 - Pennsburg

Last Buyer's Agent

Jared Moyer

Keller Williams Real Estate-Montgomeryville

Keller Williams Real Estate-Montgomeryville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,963

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 71.00 x 0.00

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,499 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Summer or Winter Changeover Switch For Hot Water

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number 21-00-04700-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,963

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Four unit apartment building with brick construction, 4 newer gas boilers and washer/dryers in each apartment, 5 updated separate electric boxes. Fully rented with long term tenants. Ample off street private parking lot. Perfect unit mix: 2 first floor apartments with one and two bedrooms each, and 2 second floor apartments with one and three bedrooms each. Strong rental history with below market rents. Yearly income of $48,100 with estimated upside of 25% rental increase. Can be purchased individually or with the brick building next door (167 Main Street) for an 8 unit property! Perfect investment property. Income & Expenses Unit Rent 171 A = $875 171 B = $1395 173 A = $870 173 B = $875 Rent $48,180 ($4,015/ month) Taxes $6924 Insurance $2029
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3499
  • Living Area Sq Ft: 3499
  • Price Per Sq Ft: 142.61
  • Above Grade Finished Sq Ft: 3499
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 173

Exterior Features

  • Other Structures: Above Grade, Below 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
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: SOUDERTON AREA
  • School District Key: 300200397037
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1136
  • Lot Size Acres: 0.28
  • Lot Dimensions: 71.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12162.00
  • Year Assessed: 2021
  • Zoning: C1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 639337
  • School Tax: 5318.00
  • Tax Annual Amount: 6963.00
  • Assessor Parcel Number: 21-00-04700-004
  • Tax Lot: 003
  • Tax Total Finished Sq Ft: 3499
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/24/2021

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2021
Closed on
Aug 26, 2021
Sold by
Amalgamated Property Llc
Bought by
Willits Andrew Fisher and Willits Kristen Jane
Seller's Agent
Donna Maicher
RE/MAX 440 - Pennsburg
Buyer's Agent
Jared Moyer
Keller Williams Real Estate-Montgomeryville
List Price
$499,000
Sold Price
$499,990
Premium/Discount to List
$990
0.2%
Current Estimated Value
$587,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,444
Avg. Annual Appreciation
4.92%
Original Mortgage
$374,925
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2014
Closed on
Jul 10, 2014
Sold by
Meyers Evelyn A
Bought by
Amalgamated Property Llc
Seller's Agent
Tracy Meyers
RE/MAX Reliance
Buyer's Agent
Donna Maicher
RE/MAX 440 - Pennsburg
List Price
$379,900
Sold Price
$369,900
Premium/Discount to List
-$10,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$288,000
Interest Rate
4.18%
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
Willits Andrew Fisher $499,990 None Available
Amalgamated Property Llc $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willits Andrew Fisher $374,925
Previous Owner Amalgamated Property Llc $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $499,990 +0.2% $143 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $499,000 -0.2% $143 / Sq Ft
07/28/2021 07/28/21 Off Market $499,990 -- --
07/05/2021 07/05/21 Price Changed $499,000 -14.6% $143 / Sq Ft
06/13/2021 06/13/21 Price Changed $584,000 -2.5% $167 / Sq Ft
05/31/2021 05/31/21 For Sale $599,000 +61.9% $171 / Sq Ft
07/10/2014 07/10/14 Sold $369,900 -2.6% $106 / Sq Ft
04/07/2014 04/07/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $379,900 -- $109 / 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 $7,753 $171,690 $56,210 $115,480
2023 $7,291 $171,690 $56,210 $115,480
2022 $7,090 $171,690 $56,210 $115,480
2021 $6,918 $171,690 $56,210 $115,480
2020 $6,812 $171,690 $56,210 $115,480
2019 $6,739 $171,690 $56,210 $115,480
2018 $1,607 $171,690 $56,210 $115,480
2017 $6,548 $171,690 $56,210 $115,480
2016 $6,482 $171,690 $56,210 $115,480
2015 $6,366 $171,690 $56,210 $115,480
2014 $6,366 $171,690 $56,210 $115,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC695580

Bright MLS

APN: 21-00-04700-004