J
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: $610,619
--
Bed
--
Bath
--
Sq Ft
4,800
Sq Ft Lot
Highlights
- Traditional Architecture
- Corner Lot
- Luxury Vinyl Plank Tile Flooring
- Penn Valley School Rated A+
- Shed
- 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.
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
- 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
Closed on
Jun 28, 1999
Sold by
Neal M Daltry Roofing Co
Bought by
Themens Joseph and Themens Bonnie Margaret
Total Days on Market
6
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Themens Joseph | $45,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bethel African Methodist Episc | $500,000 | |
| Closed | Themens Joseph | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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 | $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 |
| 2018 | $3,382 | $91,940 | $32,340 | $59,600 |
| 2017 | $3,258 | $91,940 | $32,340 | $59,600 |
| 2016 | $3,222 | $91,940 | $32,340 | $59,600 |
| 2015 | $3,004 | $91,940 | $32,340 | $59,600 |
| 2014 | $3,004 | $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
43 Total Sales
-
Lisie Abrams
Buyer's Agent in 2023
Lisie Abrams
Compass RE
(215) 779-5765
43 in this area
144 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2067618
APN: 40-00-55824-008
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