NOT LISTED FOR SALE

21 N Main St Chalfont, PA 18914

Estimated Value: $605,000 - $696,000

-- Bed
4 Baths
3,353 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $375,000 $112 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,929/month

Highlights

  • Victorian Architecture
  • 5-minute walk to Chalfont
  • No HOA
  • Pine Run Elementary School Rated A
  • 1 Fireplace
  • 2-minute walk to Krupp Park

About This Home

As of January 2020

Wonderful investment opportunity in the heart of Chalfont Boro. Mixed Use property nestled between other commercial and residential buildings. The main floor is approximately 1400 sf and used as the commercial space. Layout allows for several configurations customizing your own business space. Space has hardwood floors, built ins, powder room, lots of lighting, front and back entrances. Two apartments, one of first floor and one on 2nd floor have two long term tenants and bring in $800 and $900 per month respectively. Apartment sizes are approximately 900-1000 sf. Both are one bedroom, one bath units and have washer/dryers in each unit. A large parking lot is in the back of the property along with a 3 car detached garage with additional storage space. The office space can bring in $2000 month and the garage can bring in about $300 a month in additional rental income with the potential total rental income at $4000 per month. Floor plan for office space is attached. The building has been extremely well kept. Call listing agent for showing requests.

Last Agent to Sell the Property

Justin Gaul

(215) 837-4656 justingaul@kw.com Keller Williams Real Estate - Newtown License #RS283226 Listed on: 07/09/2019

Keller Williams Real Estate - Newtown

Last Buyer's Agent

John Poole

(215) 872-0103 johnpoole@comcast.net RE/MAX Centre Realtors

RE/MAX Centre Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,431

Year Built

  • Built in 1890

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 88.00 x 228.00

Parking

  • 3 Car Detached Garage
  • Parking Lot

Home Design

  • Triplex
  • Victorian Architecture
  • Frame Construction

Interior Spaces

  • 3,353 Sq Ft Home
  • Built-In Features
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for sewer, water, lawn/shrub care, snow removal, insurance, real estate taxes, trash collection
  • Tax Lot 090
  • Assessor Parcel Number 07-006-090

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals, professional offices
  • Insurance Expense $1,183
  • Trash Expense $194
  • Operating Expense $4,000
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,431

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3353
  • Living Area Sq Ft: 3353
  • Price Per Sq Ft: 119.27
  • Above Grade Finished Sq Ft: 3353
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.46
  • Lot Dimensions: 88.00 x 228.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20064.00
  • Zoning: BC

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Sewer, Water, Lawn/Shrub Care, Snow Removal, Insurance, Taxes - Real Estate, Trash Collection
  • Total Actual Rent: 48000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 4041.00
  • Tax Annual Amount: 5431.00
  • Assessor Parcel Number: 07-006-090
  • Tax Lot: 090
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Operating Expense: 4000.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: CENTRAL BUCKS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2019
Closed on
Jan 20, 2020
Sold by
Ettore Thomas A
Bought by
Vanness William E
Seller's Agent
Justin Gaul
Keller Williams Real Estate - Newtown
Buyer's Agent
John Poole
RE/MAX Centre Realtors
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%
Current Estimated Value
$657,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,849
Avg. Annual Appreciation
10.27%
Original Mortgage
$318,750
Outstanding Balance
$282,278
Interest Rate
3.72%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$375,571

Purchase Details

Closed on
Jan 10, 1992
Bought by
Ettore Thomas A and Ettore Carol A
Source: Public Records

Range of Values:

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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
Vanness William E $375,000 Professional Group Abstract
Ettore Thomas A $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanness William E $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $375,000 -6.2% $112 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
12/13/2019 12/13/19 For Sale $399,900 0.0% $119 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $399,900 -- $119 / 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
2025 $5,830 $32,560 $5,240 $27,320
2024 $5,830 $32,560 $5,240 $27,320
2023 $5,585 $32,560 $5,240 $27,320
2022 $5,524 $32,560 $5,240 $27,320
2021 $5,464 $32,560 $5,240 $27,320
2020 $5,464 $32,560 $5,240 $27,320
2019 $5,431 $32,560 $5,240 $27,320
2018 $5,431 $32,560 $5,240 $27,320
2017 $5,350 $32,560 $5,240 $27,320
2016 $5,350 $32,560 $5,240 $27,320
2015 -- $32,560 $5,240 $27,320
2014 -- $32,560 $5,240 $27,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU474436

Bright MLS

APN: 07-006-090