NOT LISTED FOR SALE

Estimated Value: $460,241

Studio
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Sale Details

Date Sold: November 4, 2022

Last sale price $359,000 $0 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,419 / mo

32 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • 4-minute walk to Pottstown Riverfront Park
  • Downtown Location
  • Heat Pump System

About This Home

As of November 2022

Join Pottstown's growth with this Great Investment Opportunity! Large 5-Unit Mixed Use Building in the heart of downtown Pottstown. With facades facing both High Street and S. Hanover Street, this 3 story masonry building is in the center of the action. Prominently located within a block of exciting restaurants such as The Blue Elephant, "The Alley" and "Iron Gate Biergarten" popular outdoor venues, brew pubs, fine and casual dining, sandwich shops, the Steel River Playhouse, and unique stores, this property is in the center of the action for Pottstown's resurgence. The Montgomery County Community College, scenic Schuylkill River Trail , and Borough Hall are all close by as well. This L-shaped building features a large retail storefront along High Street and a second, smaller retail storefront along S. Hanover Street. The upper floors include a beautiful, recently renovated 1 bedroom apartment and 2 other units (retail or office) which need to be completed. Currently, both storefronts and one apartment are leased. 4 Newer HVAC Hot Air and Central Air systems. Tenants pay heat and electricity. Unique interior and exterior architectural features including vintage display windows and transoms. This is an ideal building for the enterprising business/investor looking for a building with character in a high visibility downtown Pottstown location.

Last Agent to Sell the Property

Brian Kelly

(610) 369-3600 bkelly@gokellyrealestate.com Kelly Real Estate, Inc. License #RM052045A Listed on: 09/01/2022

Last Buyer's Agent

Joyce Ebrahiem

(215) 376-4444 bsmith@realtymarkus.com Realty Mark Associates - KOP

Realty Mark Associates - KOP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,575 Sq Ft Lot
  • Lot Dimensions are 25.00 x 0.00
  • Downtown Location

Home Design

  • Colonial Architecture
  • Art Deco Architecture
  • Victorian Architecture
  • Masonry

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Additional Features

  • Partially Finished Basement

Community Details

  • 4 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 016
  • Assessor Parcel Number 16-00-13868-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

3,575 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Art Deco, Victorian, Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Possessions
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Partially Finished
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 25.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3575.00
  • Zoning: D
  • Zoning Description: Downtown

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 628972
  • School Tax: 8107.00
  • Tax Annual Amount: 11527.00
  • Assessor Parcel Number: 16-00-13868-003
  • Tax Lot: 016
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Nov 4, 2022
Sold by
Sindia Capital Llc
Bought by
Elite Home Restoration & Management Llc
Seller's Agent
Brian Kelly
Kelly Real Estate, Inc.
Buyer's Agent
Joyce Ebrahiem
Realty Mark Associates - KOP
List Price
$395,000
Sold Price
$359,000
Premium/Discount to List
-$36,000
-9.11%
Views
74
Current Estimated Value
$460,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,241
Avg. Annual Appreciation
7.44%

Purchase Details

Closed on
Feb 8, 2019
Sold by
Lea John W and Lea Gretchen S
Bought by
Sindia Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 1990
Bought by
Lea John and Lea Gretchen S
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
Elite Home Restoration & Management Llc $359,000 --
Sindia Capital Llc $175,000 None Available
Lea John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sindia Capital Llc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $359,000 -9.1% --
09/01/2022 09/01/22 For Sale $395,000 -- --
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 $11,746 $191,400 $47,050 $144,350
2024 $11,746 $191,400 $47,050 $144,350
2023 $11,587 $191,400 $47,050 $144,350
2022 $11,527 $191,400 $47,050 $144,350
2021 $11,394 $191,400 $47,050 $144,350
2020 $11,195 $191,400 $47,050 $144,350
2019 $10,939 $191,400 $47,050 $144,350
2018 $7,776 $191,400 $47,050 $144,350
2017 $10,229 $191,400 $47,050 $144,350
2016 $10,154 $191,400 $47,050 $144,350
2015 $10,090 $191,400 $47,050 $144,350
2014 $10,090 $191,400 $47,050 $144,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2047716

Bright MLS

APN: 16-00-13868-003

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