Seller's Agent in 2023
Jon Iannacone
Compass RE
(610) 790-3399
1 in this area
3 Total Sales
21 E Spring Ave Ardmore, PA 19003
Estimated Value: $617,967
Studio
--
Bath
--
Sq Ft
4,792
Sq Ft Lot
Highlights
- Traditional Architecture
- Corner Lot
- Shed
- Penn Valley School Rated A+
- Window Unit Cooling System
- 5-minute walk to Vernon Young Memorial Park
About This Home
As of June 2023Great investment opportunity in Ardmore with 9.8 % cap rate. This 4 unit mixed-use building features the following units: Apt A - 2 bedroom. Apt B (commercial unit)-1st floor rear, basement and parking lot, Apt C- 1 Bedroom studio, Apt D-1 Bedroom
Opportunity for new owner to enjoy solid cash flow and make upgrades as desired to increase rents.
Attractive location for tenants! This property has a WalkScore of 88 and is within walking distance to Suburban Square, downtown Ardmore, and the Ardmore Library . Close to public transport - Train station and Septa bus stops are all within walking distance.
Last Agent to Sell the Property
(610) 822-3356 kenenochs@compass.com Compass RE License #RS337625 Listed on: 05/13/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,679
Year Built
- Built in 1940
Lot Details
- 4,800 Sq Ft Lot
- Lot Dimensions are 20.00 x 0.00
- Corner Lot
- Property is in good condition
Home Design
- Quadruplex
- Traditional Architecture
- Stone Foundation
- Shingle Roof
- Rubber Roof
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Parking
- Paved Parking
- On-Street Parking
- Parking Lot
- Off-Street Parking
Schools
- Penn Valley Elementary School
- Welsh Valley Middle School
- Lower Merion High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Heat Pump System
- 200+ Amp Service
- 100 Amp Service
- Natural Gas Water Heater
Additional Features
- Interior Basement Entry
- Shed
Listing and Financial Details
- The owner pays for electricity, gas, heat, insurance, pest control, sewer, sewer maintenance, real estate taxes, trash collection, water, repairs, advertising/licenses and permits
- Tax Lot 901
- Assessor Parcel Number 40-00-55824-008
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- Insurance Expense $2,400
- Trash Expense $900
- Net Operating Income $56,222
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2023
Closed on
Jun 27, 2023
Sold by
Themens Bonnie Margaret and Themens Joseph
Bought by
Bethel African Methodist Episcopal Church Of
Seller's Agent
Jon Iannacone
Compass RE
Buyer's Agent
Lisie Abrams
Compass RE
List Price
$575,000
Sold Price
$575,000
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,967
Avg. Annual Appreciation
2.74%
Purchase Details
Closed on
Jun 28, 1999
Sold by
Neal M Daltry Roofing Co
Bought by
Themens Joseph and Themens Bonnie Margaret
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bethel African Methodist Episcopal Church Of | $575,000 | None Listed On Document | |
| Themens Joseph | $45,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2023 06/28/23 | Sold | $575,000 | 0.0% | -- |
| 05/19/2023 05/19/23 | Pending | -- | -- | -- |
| 05/13/2023 05/13/23 | For Sale | $575,000 | -- | -- |
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 | $3,839 | $91,940 | $32,340 | $59,600 |
| 2024 | $3,839 | $91,940 | $32,340 | $59,600 |
| 2023 | $3,680 | $91,940 | $32,340 | $59,600 |
| 2022 | $3,611 | $91,940 | $32,340 | $59,600 |
| 2021 | $3,529 | $91,940 | $32,340 | $59,600 |
| 2020 | $3,443 | $91,940 | $32,340 | $59,600 |
| 2019 | $3,382 | $91,940 | $32,340 | $59,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Iannacone
-
Ash Swayne
Seller Co-Listing Agent in 2023
Ash Swayne
Swayne Real Estate Group, LLC
(484) 716-9951
1 in this area
42 Total Sales
-
Lisie Abrams
Buyer's Agent in 2023
Lisie Abrams
Compass RE
(215) 779-5765
37 in this area
129 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2067618
APN: 40-00-55824-008
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