Seller's Agent in 2014
Steve Darlington
BHHS Fox & Roach
(215) 317-5565
29 in this area
88 Total Sales
2 W Bridge St New Hope, PA 18938
--
Bed
1
Bath
7,908
Sq Ft
--
Built
Highlights
- Water Views
- Colonial Architecture
- Attic
- New Hope-Solebury Upper Elementary School Rated A
- Wood Flooring
- No HOA
About This Home
As of September 2014Own a corner of the heart of downtown New Hope and live where you work, set up a prime downtown residence, or just enjoy the return on your investment collecting rents (and beat the market returns): two parcels that are comprised of a combination of commercial and residential rentals. Three long term commercial leases (including the anchor tenant Dunkin' Donuts, leased through 2020 with a 5 year renewal option) and six residential rentals (five apartments plus one detached cottage). Almost all apartments fully remodeled and bringing in healthy and reliable rents. Off-street parking for 5 or 6 cars, 100% occupied rent rolls, and a premium location. Across the street from Starbucks and the bridge to Lambertville, NJ, this property is the cornerstone of downtown New Hope and will always be in high demand. Convert one or more of the apartments into a premium residence or move into the cottage, all the while collecting rents from the rest of the property. Some seller upgrades are coming this summer to reduce carrying costs and increase rents in two units, please consult the listing agent for P&L, occupancy, and details.
Last Agent to Sell the Property
BHHS Fox & Roach-New Hope License #AB-047707L Listed on: 06/02/2014
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $7,115
Home Design
- Semi-Detached or Twin Home
- Colonial Architecture
- Stone Foundation
- Pitched Roof
- Shingle Roof
- Stucco
Interior Spaces
- En-Suite Primary Bedroom
- 7,908 Sq Ft Home
- Property has 3 Levels
- Family Room
- Living Room
- Dining Room
- Water Views
- Unfinished Basement
- Partial Basement
- Eat-In Kitchen
- Attic
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Driveway
- Parking Lot
- Assigned Parking
Schools
- New Hope-Solebury Middle School
- New Hope-Solebury High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Oil
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
Additional Features
- Mobility Improvements
- Property is in good condition
Community Details
- No Home Owners Association
- New Hope Subdivision
Listing and Financial Details
- Tax Lot 027
- Assessor Parcel Number 27-010-027
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2014
Closed on
Sep 24, 2014
Sold by
A C Hipple Iv Limited Partnership
Bought by
Nh Bridge Holdings Llc
Seller's Agent
Steve Darlington
BHHS Fox & Roach-New Hope
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$2,500,000
Sold Price
$2,304,919
Premium/Discount to List
-$195,081
-7.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Outstanding Balance
$1,027,150
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 20, 2006
Sold by
Mcgahan Edward and Kelly Thomas
Bought by
A C Hipple Iv Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,000
Interest Rate
6.48%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 8, 2006
Sold by
William Penn Land Grant Llc
Bought by
Mcgahan Edward and Kelly Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,000
Interest Rate
6.48%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 27, 2004
Sold by
Sterling Wayne R and Sterling Donna V
Bought by
William Penn Land Grant Llc
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nh Bridge Holdings Llc | $921,968 | First American Title Ins Co | |
| A C Hipple Iv Lp | $1,040,000 | None Available | |
| Mcgahan Edward | $750,000 | None Available | |
| William Penn Land Grant Llc | $1,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nh Bridge Holdings Llc | $1,320,000 | |
| Previous Owner | A C Hipple Iv Limited Partnership | $4,800,000 | |
| Previous Owner | A C Hipple Iv Lp | $925,000 | |
| Previous Owner | A C Hipple Iv Lp | $832,000 | |
| Previous Owner | Mcgahan Edward | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/24/2014 09/24/14 | Sold | $2,304,919 | -7.8% | $291 / Sq Ft |
| 07/30/2014 07/30/14 | Pending | -- | -- | -- |
| 07/30/2014 07/30/14 | For Sale | $2,500,000 | 0.0% | $316 / Sq Ft |
| 06/02/2014 06/02/14 | For Sale | $2,500,000 | 0.0% | $316 / Sq Ft |
| 01/15/2012 01/15/12 | Rented | $800 | 0.0% | -- |
| 01/05/2012 01/05/12 | Under Contract | -- | -- | -- |
| 11/29/2011 11/29/11 | For Rent | $800 | -- | -- |
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 | $8,932 | $58,520 | $14,400 | $44,120 |
| 2023 | $8,688 | $58,520 | $14,400 | $44,120 |
| 2022 | $8,624 | $58,520 | $14,400 | $44,120 |
| 2021 | $8,440 | $58,520 | $14,400 | $44,120 |
| 2020 | $8,284 | $58,520 | $14,400 | $44,120 |
| 2019 | $8,091 | $58,520 | $14,400 | $44,120 |
| 2018 | $7,954 | $58,520 | $14,400 | $44,120 |
| 2017 | $7,661 | $58,520 | $14,400 | $44,120 |
| 2016 | $7,661 | $58,520 | $14,400 | $44,120 |
| 2015 | -- | $58,520 | $14,400 | $44,120 |
| 2014 | -- | $58,520 | $14,400 | $44,120 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2014
Jesse Darlington
BHHS Fox & Roach
(267) 760-4537
28 in this area
63 Total Sales
-
d
Buyer's Agent in 2014
datacorrect BrightMLS
Non Subscribing Office
-
Seller's Agent in 2012
Alison Kingsley
Addison Wolfe Real Estate
(215) 595-8907
14 in this area
19 Total Sales
Map
Source: Bright MLS
MLS Number: 1003644141
APN: 27-010-026
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