NOT LISTED FOR SALE

200 Simpson Rd Ardmore, PA 19003

Ardmore Area

Estimated Value: $668,636

Studio
-- Bath
-- Sq Ft
5,355 Sq Ft Lot

Sale Details

Date Sold: October 23, 2015

Last sale price $377,500

Est. 77% increase in value since last sale

Current estimated payment $4,170 / mo

131 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating and Cooling System
  • Penn Valley School Rated A+
  • 2 Car Detached Garage

About This Home

As of October 2015

Attention All Investors: Don't miss this opportunity to own this spectacular, turnkey, Multi-Unit, corner building consisting of three separate renovated units and a separate oversized 2-car garage. This fabulous property is 100% occupied and has separate utilities! 1st unit has 2 Bedrooms and 1 Baths, renovated open Kitchen with ceramic floors, renovated baths, large closets and washer/dryer in Unit! 2nd unit is a sizeable 3 Bedroom, 1 Bath, Bi-level, renovated apartment with beautiful refinished hardwood floors throughout. Washer/Dryer in Unit! 3rd unit is currently setup as an office, but can easily be turned into a 1 bedroom residential apartment. Oversized 2 car garage can be rented for storage or converted to possible living space. Separate, hot water heaters, gas & electric meters and central air. Possible condo conversion or 1031 Exchange opportunity with a wonderful walk-to-everything location. Award-winning Lower Merion Schools. Walk to train and steps from sought-after Carlinos!

Last Agent to Sell the Property

Damon Michels

(610) 668-3400 damon@damonmichels.com KW Main Line - Narberth License #AB067731 Listed on: 04/10/2015

KW Main Line - Narberth

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,644

Year Built

  • Built in 1922

Lot Details

  • 5,355

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Triplex
  • Shingle Roof

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Penn Valley Elementary School
  • Welsh Valley Middle School
  • Harriton Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Wood Flooring
  • Laundry in unit
  • 5,355 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 300
  • Assessor Parcel Number 40-00-54892-004

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $600
  • Operating Expense $7,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,644

Year Built

Built in 1922

Lot Details

5,355 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • Exclusions: Tenant's Property
  • New Construction: No
  • Storage: Basement
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry

Exterior Features

  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Garage Features: Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • Elementary School: PENN VALLEY
  • High School: HARRITON SENIOR
  • Middle Or Junior School: WELSH VALLEY

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5355.00
  • Zoning: C1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 44400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 733880
  • Tax Annual Amount: 4644.00
  • Assessor Parcel Number: 40-00-54892-004
  • Tax Lot: 300
  • Tax Year: 2015

MLS Schools

  • School District Name: LOWER MERION

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2015
Closed on
Oct 7, 2015
Sold by
Bought by
Seller's Agent
Damon Michels
KW Main Line - Narberth
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$399,000
Sold Price
$377,500
Premium/Discount to List
-$21,500
-5.39%
Current Estimated Value
$668,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,136
Avg. Annual Appreciation
5.46%
Original Mortgage
$307,285
Outstanding Balance
$227,818
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$440,818

Purchase Details

Closed on
Nov 15, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$377,500 None Available
$180,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $307,285
Previous Owner $230,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/23/2015 10/23/15 Sold $377,500 -5.4% --
08/19/2015 08/19/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $399,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,318 $138,310
2025 $5,777 $138,310
2024 $5,777 $138,310
2023 $5,536 $138,310 $0 $0
2022 $5,433 $138,310 $0 $0
2021 $5,309 $138,310 $0 $0
2020 $5,179 $138,310 $0 $0
2019 $5,088 $138,310 $0 $0
2018 $5,088 $138,310 $0 $0
2017 $4,901 $138,310 $0 $0
2016 $4,847 $138,310 $0 $0
2015 $4,686 $138,310 $0 $0
2014 $4,520 $138,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Damon Michels

    Seller's Agent in 2015

    Damon Michels

    KW Main Line - Narberth

    (610) 668-3400

    613 Total Sales

    Damon Michels
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Map

Source: Bright MLS

MLS Number: 1002572154

Bright MLS

APN: 40-00-54892-004

Pennsylvania Montgomery County Ardmore 19003

200 Simpson Rd, Ardmore, PA

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