NOT LISTED FOR SALE

20 E Chestnut St Norristown, PA 19401

Estimated Value: $156,000 - $630,000

Studio
2 Baths
2,006 Sq Ft
$161/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2021

Last sale price $120,000 $60 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $1,979 / mo

3 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • 3-minute walk to Cherry Street Park
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of May 2021

Calling all Investors!! This brick Duplex features two tenant occupied units. Unit #1 is on the first floor with one bedroom and Unit #2 is on the second floor with 3 bedrooms. Total monthly rental income is $1,775. Off street parking, vinyl windows, and gas cooking. Tenants pay electric and gas, owner pays water and sewer. Both units have signed leases until November 30th 2021. Don't miss out on this investment property, it currently generates a higher percentage of income than the average comp. Call and schedule your showing today!

Last Agent to Sell the Property

Dino D'Orazio

(215) 646-2900 dino@dsteam.com Keller Williams Real Estate-Blue Bell Listed on: 03/04/2021

Keller Williams Real Estate-Blue Bell

Co-Listed By

Gina Dorazio

(215) 646-2900 gina@dsteam.com Keller Williams Real Estate-Blue Bell License #RS349012

Last Buyer's Agent

Dino D'Orazio

(215) 646-2900 dino@dsteam.com Keller Williams Real Estate-Blue Bell Listed on: 03/04/2021

Keller Williams Real Estate-Blue Bell

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 15.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,006 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 102
  • Assessor Parcel Number 13-00-08368-007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $631

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

2,100 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Refrigerators for both units.
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2006
  • Living Area Sq Ft: 2006
  • Price Per Sq Ft: 59.82
  • Above Grade Finished Sq Ft: 2006
  • Above Grade Finished Area Units: Square Feet

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: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 15.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2100.00
  • Zoning: TR

Rental Info

  • Total Actual Rent: 21300.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 615058
  • School Tax: 2084.00
  • Tax Annual Amount: 3117.00
  • Assessor Parcel Number: 13-00-08368-007
  • Tax Lot: 102
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
Mar 31, 2021
Sold by
Whiterock Enterprise Llc
Bought by
Manning Investment Llc
Seller's Agent
Dino D'Orazio
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Dino D'Orazio
Keller Williams Real Estate-Blue Bell
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Current Estimated Value
$322,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,442
Avg. Annual Appreciation
21.91%
Original Mortgage
$96,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2017
Closed on
Jul 26, 2017
Sold by
Dibiase Brian and Little Todd
Bought by
Whiterock Enterprise Llc
Seller's Agent
Carmen Gambone
Keller Williams Main Line
Buyer's Agent
George Korkus
Realty Mark Associates - KOP
List Price
$89,000
Sold Price
$81,000
Premium/Discount to List
-$8,000
-8.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%

Purchase Details

Closed on
Dec 30, 2003
Sold by
Kachline Edward V and Taylor Paul E
Bought by
Little Todd and Dibiase Brian
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
Manning Investment Llc $120,000 None Available
Whiterock Enterprise Llc $81,000 None Available
Little Todd -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manning Investment Llc $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2021 05/06/21 Sold $120,000 -4.0% $60 / Sq Ft
03/07/2021 03/07/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $125,000 +54.3% $62 / Sq Ft
07/28/2017 07/28/17 Sold $81,000 -9.0% $40 / Sq Ft View Prior Sale
07/05/2017 07/05/17 Pending -- -- --
03/30/2017 03/30/17 For Sale $89,000 -- $44 / Sq Ft
Source: Bright MLS

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 $3,231 $52,630 $25,180 $27,450
2024 $3,231 $52,630 $25,180 $27,450
2023 $3,202 $52,630 $25,180 $27,450
2022 $3,132 $52,630 $25,180 $27,450
2021 $3,117 $52,630 $25,180 $27,450
2020 $2,974 $52,630 $25,180 $27,450
2019 $2,919 $52,630 $25,180 $27,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC683826

Bright MLS

APN: 13-00-08368-007

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