NOT LISTED FOR SALE

200 Franklin St Norristown, PA 19401

Estimated Value: $262,000 - $299,000

-- Bed
2 Baths
2,480 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $210,000 $85 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,870/month

8 Days on Market

Highlights

  • Straight Thru Architecture
  • 1 Car Direct Access Garage
  • Doors swing in
  • No HOA
  • Enclosed Patio or Porch
  • Parking Storage or Cabinetry

About This Home

As of June 2021

Newly listed Duplex on the corner of Lafayette and Franklin Street. This will not last! Currently Fully rented. First floor unit is a long time tenant family renting for $950 a month for 2 beds 1 bath including and a coveted detached garage on other end of the enclosed back yard, with basement. Second floor unit is currently rented to a tenant who is month to month for $1500 for 5 beds 2 baths. Streets have recently been redone as well as new sidewalks.

Last Agent to Sell the Property

Anthony Billetta

(484) 682-3869 anthony@thebillettagroup.com Real of Pennsylvania License #RS346246 Listed on: 04/19/2021

Last Buyer's Agent

John Gambino

(484) 994-1030 gambinoproperties@comcast.net RE/MAX Services

RE/MAX Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,203

Year Built

  • Built in 1900

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 20.00 x 0.00

Parking

  • 1 Car Direct Access Garage
  • Public Parking
  • Parking Storage or Cabinetry
  • Alley Access
  • Lighted Parking
  • Side Facing Garage
  • On-Street Parking

Home Design

  • Duplex
  • Straight Thru Architecture
  • Brick Exterior Construction
  • Plaster Walls

Interior Spaces

  • 2,480 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Ceramic Tile

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Enclosed Patio or Porch
  • Playground
  • Rain Gutters

Schools

  • Norristown Area High School

Utilities

  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 011
  • Assessor Parcel Number 13-00-12328-007

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 4-Story Building
  • Norristown Subdivision

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,203

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Expected On Market: 2021-04-23
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Assessment Payment: Annually
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile
  • Wall Ceiling Types: Plaster Walls
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2480
  • Living Area Sq Ft: 2480
  • Price Per Sq Ft: 80.60
  • Above Grade Finished Sq Ft: 2480
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick
  • Exterior Features: Gutter System, Play Area, Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Lighted Parking, Paved Parking, Public
  • Garage Features: Additional Storage Area, Covered Parking, Garage - Side Entry, Inside Access
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Alley, Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: NORRISTOWN AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 20.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1800.00
  • Outdoor Living Structures: Enclosed, Patio(s)
  • Zoning: R2

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: Yes
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 616071
  • School Tax: 2810.00
  • Tax Annual Amount: 4203.00
  • Assessor Parcel Number: 13-00-12328-007
  • Tax Lot: 011
  • Tax Page Number: 2821
  • 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
Apr 19, 2021
Closed on
May 28, 2021
Sold by
Mg Investment Maintenance Services Llc
Bought by
Liang Yanguang and Liang Yanjie
Seller's Agent
Anthony Billetta
Real of Pennsylvania
Buyer's Agent
John Gambino
RE/MAX Services
List Price
$199,900
Sold Price
$210,000
Premium/Discount to List
$10,100
5.05%
Current Estimated Value
$287,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,232
Avg. Annual Appreciation
7.21%

Purchase Details

Closed on
Aug 4, 2020
Sold by
Mastrocola Todd L and Sherbert Christine R
Bought by
Mg Investment Maintenance Service Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 1986
Bought by
Mastrocola Todd L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liang Yanguang $210,000 None Available
Mg Investment Maintenance Service Llc $165,000 None Available
Mastrocola Todd L $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mg Investment Maintenance Service Llc $103,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $210,000 +5.1% $85 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $199,900 0.0% $81 / Sq Ft
08/01/2017 08/01/17 Rented $850 0.0% --
07/10/2017 07/10/17 Under Contract -- -- --
07/03/2017 07/03/17 For Rent $850 -- --
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 $4,356 $70,960 -- --
2024 $4,356 $70,960 -- --
2023 $4,317 $70,960 $0 $0
2022 $4,223 $70,960 $0 $0
2021 $4,203 $70,960 $0 $0
2020 $4,009 $70,960 $0 $0
2019 $3,936 $70,960 $0 $0
2018 $2,620 $70,960 $0 $0
2017 $3,615 $70,960 $0 $0
2016 $3,586 $70,960 $0 $0
2015 $3,436 $70,960 $0 $0
2014 $3,436 $70,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC689318

Bright MLS

APN: 13-00-12328-007