NOT LISTED FOR SALE

206 E Gay St West Chester, PA 19380

Estimated Value: $643,000 - $709,000

-- Bed
2 Baths
2,211 Sq Ft
$301/Sq Ft Est. Value

Last Sold September 05, 2014

Last sale price $385,000 $174 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,116/month

219 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 2-minute walk to John O. Green Memorial Park
  • Fern Hill Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of September 2014

Great two unit rental located in the "Town Center District" of West Chester Borough. Excellent rental history. Within one block walking distance to town, six parking spaces at the rear of the building. The property fronts Gay Street and has access to parking via Middle Alley at rear of property. The first floor unit is a one bedroom one bath rental with laundry facility in basement. The second unit occupies the second and third floors and has three bedrooms, one full bath and in unit laundry. Tenants pay Gas and Electric. The new owner may have the potential to turn the first floor unit into office space. Prospective buyers should explore mixed use with the West Chester Borough Zoning office before making assumptions. This is an excellent opportunity for someone looking for a property within the Central Business District with rare West Chester, on-site parking. Owner is a licensed PA Realtor.

Last Agent to Sell the Property

Jack Weikert

Keller Williams Realty Devon-Wayne Listed on: 12/13/2013

Keller Williams Realty Devon-Wayne

Last Buyer's Agent

Jacqueline DiAntonio

Keller Williams Main Line License #1541511

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,899

Year Built

  • Built in 1900

Lot Details

  • 4,416 Sq Ft Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Slate Roof
  • Metal Roof
  • Shingle Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,211 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 0402
  • Assessor Parcel Number 01-05 -0402

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $700
  • Other Expense $235
  • Operating Expense $6,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,899

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 235.00
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2211
  • Living Area Sq Ft: 2211
  • Price Per Sq Ft: 178.65
  • Above Grade Finished Sq Ft: 2211
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Shingle Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle, Metal, Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1824.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WEST CHESTER AREA
  • School District Key: 300200397342

Lot Info

  • Improvement Assessed Value: 88480.00
  • Land Assessed Value: 40070.00
  • Land Use Code: R20
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4416.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: TC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 31500.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 221108
  • Tax Annual Amount: 3899.00
  • Assessor Parcel Number: 01-05 -0402
  • Tax Lot: 0402
  • Tax Year: 2014
  • Close Date: 09/05/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2013
Closed on
Sep 5, 2014
Sold by
Knapp Michael and Knapp Jennifer
Bought by
Uptown Venture Group Llc
Seller's Agent
Jack Weikert
Keller Williams Realty Devon-Wayne
Buyer's Agent
Jacqueline DiAntonio
Keller Williams Main Line
List Price
$424,000
Sold Price
$385,000
Premium/Discount to List
-$39,000
-9.2%
Total Days on Market
219
Current Estimated Value
$666,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,317
Avg. Annual Appreciation
5.23%
Original Mortgage
$288,750
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 9, 2008
Sold by
Miller Robert Wayne
Bought by
Knapp Jennifer and Knapp Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Uptown Venture Group Llc $385,000 None Available
Knapp Jennifer $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uptown Venture Group Llc $1,200,000
Closed Uptown Venture Group Llc $288,750
Previous Owner Knapp Jennifer $311,310
Previous Owner Knapp Jennifer $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2014 09/05/14 Sold $385,000 -9.2% $174 / Sq Ft
07/20/2014 07/20/14 Pending -- -- --
12/13/2013 12/13/13 For Sale $424,000 -- $192 / Sq Ft
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
2024 $4,509 $128,550 $40,070 $88,480
2023 $4,459 $128,550 $40,070 $88,480
2022 $4,411 $128,550 $40,070 $88,480
2021 $4,321 $128,550 $40,070 $88,480
2020 $4,241 $128,550 $40,070 $88,480
2019 $4,191 $128,550 $40,070 $88,480
2018 $4,115 $128,550 $40,070 $88,480
2017 $4,040 $128,550 $40,070 $88,480
2016 $2,731 $128,550 $40,070 $88,480
2015 $2,731 $128,550 $40,070 $88,480
2014 $2,731 $128,550 $40,070 $88,480
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003561323

Bright MLS

APN: 01-005-0402.0000