173 N Main St Souderton, PA 18964
Franconia Township Neighborhood
--
Bed
--
Bath
3,499
Sq Ft
0.28
Acres
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 2021Four 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
RE/MAX 440 - Pennsburg License #RS220894L Listed on: 05/31/2021
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
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
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
4.90%
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
Similar Homes in Souderton, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $499,990 | None Available | |
| Deed | $360,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $374,925 | New Conventional | |
| Previous Owner | $288,000 | New Conventional |
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
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
-
Donna Maicher
Seller's Agent in 2021
Donna Maicher
RE/MAX
(267) 249-6850
17 in this area
222 Total Sales
-
Jared Moyer
Buyer's Agent in 2021
Jared Moyer
Keller Williams Real Estate-Montgomeryville
(215) 906-5188
6 in this area
48 Total Sales
-
Tracy Meyers
Seller's Agent in 2014
Tracy Meyers
RE/MAX
(215) 721-9444
8 in this area
40 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC695580
APN: 21-00-04700-004
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