NOT LISTED FOR SALE

210 Grayling Ave Narberth, PA 19072

Estimated Value: $1,015,000 - $1,159,000

-- Bed
3 Baths
3,010 Sq Ft
$361/Sq Ft Est. Value

Last Sold September 20, 2023

Last sale price $980,000 $326 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,426/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Ceiling height of 9 feet or more
  • Belmont Hills El School Rated A+
  • Level Entry For Accessibility
  • Multiple cooling system units

About This Home

As of September 2023

Welcome to this charming triplex ideally situated on quint cul-de-sac in the Borough of Narberth in eastern Montgomery County. The neighborhood in the heart of Philadelphia’s Mainline is best described as a built-out suburban borough and is characterized by diverse architectural housing styles and is conveniently located to all amenities including excellent schools, parks, houses of worship, commercial and retail establishments, major transportation centers and employment centers.

This 3 Family investment property is in excellent condition and has been well-maintained by the current owner during their ownership. It is best suited for an owner occupant who would have two tenants to help offset the operating expenses but also works well for an investor who understands the value of owning and operating a multifamily rental property in Narberth. The Cap Rate if used by an owner occupant is 1.1% and is 6.5% if used strictly as an investment.
There is one apartment on each of the three floors. As you enter the first-floor apartment which has 3 bedrooms and 1 bath and a newer tile kitchen with quartz counters, stainless steel appliances and outside exit; new marble and tile bathroom with chair rail and beadboard wainscot; hardwood main bedroom with walk-out bay window; and hardwood secondary bedroom. Unit #2 is located on the second floor and includes hardwood flooring in the living room; ceramic tile kitchen with dining nook and door to large deck; two bedrooms with hardwood flooring and tile bathrooms. Unit #3 is located on the third floor and includes a hardwood living room; ceramic tile kitchen with dining nook; one hardwood bedroom; and one tile bathroom. Each apartment includes an electric heat pump or mini-split system that provides heat and central air conditioning. This wonderful property also features a full basement with laundry facilities, separately metered electric and full front porch. There is also a shed tastefully situated in the rear yard to house your lawn equipment.

Last Agent to Sell the Property

Hassan Abdellah

The Bentley Group-PA Ltd License #RM425068 Listed on: 07/18/2023

Last Buyer's Agent

Hassan Abdellah

The Bentley Group-PA Ltd License #RM425068 Listed on: 07/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,418

Year Built

  • Built in 1900

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75.00 x 0.00
  • Property is in excellent condition

Parking

  • Off-Site Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 3,010 Sq Ft Home
  • Ceiling height of 9 feet or more

Flooring

  • Wood
  • Partially Carpeted
  • Terrazzo
  • Ceramic Tile

Unfinished Basement

  • Side Basement Entry
  • Sump Pump

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • Lower Merion High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Wall Furnace
  • 200+ Amp Service
  • 60+ Gallon Tank

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, lawn/shrub care, management, pest control, repairs, snow removal, supplies, real estate taxes, water
  • Tax Lot 12
  • Assessor Parcel Number 12-00-01519-008

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Building Winterized

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,196
  • Maintenance Expense $3,540
  • Operating Expense $14,048
  • Gross Income $78,000
  • Net Operating Income $56,626

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,418

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-07-18
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood, Partially Carpeted, Terrazzo
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Sump Pump, Unfinished, Side Entrance
  • Total Sq Ft: 3010
  • Living Area Sq Ft: 3010
  • Price Per Sq Ft: 325.58
  • Above Grade Finished Sq Ft: 3010
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 210

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Wall Unit, Multi Units, Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Central, Wall Unit
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Pest Control Expense: 1590.00
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public
  • Internet Services: Cable

Schools

  • School District: LOWER MERION
  • High School: LOWER MERION
  • High School Source: 3rd Party
  • School District Key: 300200396851
  • School District Source: 3rd Party
  • High School: LOWER MERION

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.17
  • Lot Dimensions: 75.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7500.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: 3B
  • Zoning Description: Mixed Residential Triplex

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Management, Pest Control, Repairs, Snow Removal, Supplies, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 78000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 7203.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 10418.00
  • Assessor Parcel Number: 12-00-01519-008
  • Tax Lot: 12
  • Tax Total Finished Sq Ft: 3010
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/20/2023

Multi Family

  • Gross Income: 78000.00
  • Gross Scheduled Income: 78000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 14048.00

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2014
Sold by
Kelley Dana M
Bought by
Kelley Dana M and Dana M Kelley Revocable Living Trust
Current Estimated Value
$1,009,085

Purchase Details

Closed on
Jan 15, 2004
Sold by
Kelley Dana M
Bought by
Commerce Bank Pa Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.82%
Source: Public Records

Range of Values:

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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
Kelley Dana M -- None Available
Commerce Bank Pa Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelley Dana M $209,000
Closed Kelley Dana M $203,425
Closed Kelley Dana M $208,000
Closed Kelley Dana M $150,000
Closed Commerce Bank Pa Na $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Sold $980,000 0.0% $326 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $980,000 -- $326 / 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 $10,816 $227,990 $77,010 $150,980
2023 $10,418 $227,990 $77,010 $150,980
2022 $10,728 $227,990 $77,010 $150,980
2021 $10,045 $227,990 $77,010 $150,980
2020 $9,796 $227,990 $77,010 $150,980
2019 $9,646 $227,990 $77,010 $150,980
2018 $6,554 $227,990 $77,010 $150,980
2017 $9,301 $227,990 $77,010 $150,980
2016 $9,212 $227,990 $77,010 $150,980
2015 $8,496 $227,990 $77,010 $150,980
2014 $8,496 $227,990 $77,010 $150,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2078054

Bright MLS

APN: 12-00-01519-008