NOT LISTED FOR SALE

210 Ardmore Ave Ardmore, PA 19003

Estimated Value: $468,459 - $625,000

-- Bed
2 Baths
1,892 Sq Ft
$295/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $435,000 $230 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,444/month

6 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Electric Baseboard Heater
  • Penn Wynne Elementary School Rated A+
  • Forced Air Heating and Cooling System
  • 1-minute walk to Vernon Young Memorial Park

About This Home

As of July 2019

Check out this amazing Ardmore investment opportunity! With a 5.43% CAP rate and high rentals, the Lower Merion property has the potential for an 13.47% rate of return; it is meant to make you money. The bottom floor unit is a well maintained 1 bed 1 bath with a ground floor patio and can easily make you $950 a month. The top unit is a gorgeous 3 bed 1 bath with a balcony and massive windows that let in plenty of natural light can get up to $1,650. In addition, there are 6 parking spots in the rear yard that easily rent to neighbors looking for guaranteed parking. Top unit is currently rented, bottom floor is vacant. Located in bustling Ardmore, Pa (and in Lower Merion School District), this property is close to shops, restaurants, parks and more. Smack in the middle of the Main Line, your tenants will have easy access to public transportation (trains and buses) and Philadelphia's major arteries.

Last Listed By

Danielle Py-Salas

EXP Realty, LLC License #1325171 Listed on: 05/24/2019

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,523

Year Built

  • Built in 1875

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 0.00

Home Design

  • Duplex
  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,892 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Dirt Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 243
  • Assessor Parcel Number 40-00-01320-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,523

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2019-05-25
  • Year Built: 1875
  • Remarks Public: Check out this amazing Ardmore investment opportunity! With a 5.43% CAP rate and high rentals, the Lower Merion property has the potential for an 13.47% rate of return; it is meant to make you money. The bottom floor unit is a well maintained 1 bed 1 bath with a ground floor patio and can easily make you $950 a month. The top unit is a gorgeous 3 bed 1 bath with a balcony and massive windows that let in plenty of natural light can get up to $1,650. In addition, there are 6 parking spots in the rear yard that easily rent to neighbors looking for guaranteed parking. Top unit is currently rented, bottom floor is vacant. Located in bustling Ardmore, Pa (and in Lower Merion School District), this property is close to shops, restaurants, parks and more. Smack in the middle of the Main Line, your tenants will have easy access to public transportation (trains and buses) and Philadelphia's major arteries.
  • Special Features: None

Interior Features

  • Basement Type: Full
  • Total Sq Ft: 1892
  • Living Area Sq Ft: 1892
  • Price Per Sq Ft: 232.51
  • Above Grade Finished Sq Ft: 1892
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 210

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • 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: 6
  • Parking Features: Dirt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LOWER MERION
  • School District Key: 300200396851
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.21
  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9000.00
  • Year Assessed: 2019
  • Zoning: R6A

Rental Info

  • Existing Lease Type: Month To Month
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 716521
  • School Tax: 2790.00
  • Tax Annual Amount: 3523.00
  • Assessor Parcel Number: 40-00-01320-008
  • Tax Lot: 243
  • Tax Total Finished Sq Ft: 1892
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 07/10/2019

Multi Family

  • Other Units: Unit 1,Unit 1

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Jun 25, 2019
Sold by
Parente Daniel S
Bought by
Briggs Thomas S and Briggs Diana Marie
Seller's Agent
Danielle Py-Salas
EXP Realty, LLC
Buyer's Agent
Anita Martinelli
Weichert, Realtors - Cornerstone
List Price
$439,900
Sold Price
$435,000
Premium/Discount to List
-$4,900
-1.11%
Total Days on Market
6
Current Estimated Value
$558,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,615
Avg. Annual Appreciation
5.43%
Original Mortgage
$250,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2013
Sold by
Desipio Robert
Bought by
Parente Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1998
Sold by
Cutter David M and Cutter Elizabeth
Bought by
Mariani Joseph F and Mariani Marybeth

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
Briggs Thomas S $435,000 None Available
Parente Daniel $290,000 None Available
Mariani Joseph F $163,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Briggs Thomas S $236,527
Closed Briggs Thomas S $250,000
Previous Owner Parente Daniel S $200,000
Previous Owner Desipio Robert $249,800
Previous Owner Mariani Joseph F $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2019 07/10/19 Sold $435,000 -1.1% $230 / Sq Ft
05/24/2019 05/24/19 For Sale $439,900 -- $233 / 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 $4,146 $99,260 -- --
2023 $3,973 $99,260 $0 $0
2022 $3,899 $99,260 $0 $0
2021 $3,810 $99,260 $0 $0
2020 $3,586 $95,760 $28,730 $67,030
2019 $3,523 $95,760 $28,730 $67,030
2018 $3,522 $95,760 $28,730 $67,030
2017 $3,393 $95,760 $28,730 $67,030
2016 $3,355 $95,760 $28,730 $67,030
2015 $3,129 $95,760 $28,730 $67,030
2014 $3,129 $95,760 $28,730 $67,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC611114

Bright MLS

APN: 40-00-01320-008