Seller's Agent in 2021
James Hocker
Compass RE
(610) 662-7365
4 in this area
52 Total Sales
211 Grayling Ave Narberth, PA 19072
Estimated Value: $718,765 - $871,000
--
Bed
3
Baths
4,179
Sq Ft
$189/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Property is in very good condition
- Belmont Hills El School Rated A+
- Electric Baseboard Heater
About This Home
As of March 2021This investment property is a money maker!!! All three units are separately metered for electric. Tenants pay their own heat, cooking and electricity. Owner currently pays for cold & hot water, house electric and sewer. This property has been well maintained by the current owner who resides on the first floor. House highlights include a new main roof 2020, replacement windows on the second floor, various electric & plumbing updates, hardwood floors on all three levels and laundry facilities in the basement. Located within a short walk to downtown Narberth, the train station, numerous shops and restaurants, a first run movie theater, library and Borough Park. Unit #1- 2 bedrooms, den, dining room, kitchen. full bath, rear screened in porch- owner occupied until March 31, 2021 should rent for $1800-$2000 per month. Unit #2- 2 bedrooms, full bath, large living room, kitchen- just vacated was paying$1450 per month. Unit #3- 1 bedroom, small bedroom or den, full bath, large living room, kitchen- just vacated and was paying $1250 per month. Expenses- Insurance $2,000, water/sewer $1,200, House Electric $1,560 Projected Annual Income- $54,000, Operating Expenses- $17, 632 Net Operating Income $36,368 ** All Income & Expense figures are a combination of actual & estimated figures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,922
Year Built
- Built in 1920
Lot Details
- 6,768 Sq Ft Lot
- Lot Dimensions are 67.00 x 0.00
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Colonial Architecture
- Masonry
Interior Spaces
- 4,179 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Listing and Financial Details
- The owner pays for water
- Tax Lot 013
- Assessor Parcel Number 12-00-01453-002
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Insurance Expense $2,000
- Operating Expense $17,632
- Net Operating Income $36,368
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 6, 2020
Closed on
Mar 8, 2021
Sold by
Popielarski Edward J and Popielarski Jacklyn G
Bought by
Michels Damon C and Levy Roger F
Seller's Agent
James Hocker
Compass RE
Buyer's Agent
Damon Michels
KW Main Line - Narberth
List Price
$675,000
Sold Price
$555,000
Premium/Discount to List
-$120,000
-17.78%
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
$233,941
Avg. Annual Appreciation
8.32%
Original Mortgage
$416,250
Interest Rate
2.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 30, 1988
Bought by
Popelarski Edward J and Popelarski Jacklyn G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michels Damon C | $555,000 | None Available | |
| Popelarski Edward J | $247,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Michels Damon C | $297,000 | |
| Previous Owner | Michels Damon C | $416,250 | |
| Previous Owner | Popielarski Edward J | $300,000 | |
| Previous Owner | Popielarski Edward J | $45,000 | |
| Previous Owner | Popielasrki Edward J | $25,000 | |
| Previous Owner | Mers | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2021 03/15/21 | Sold | $555,000 | -5.1% | $133 / Sq Ft |
| 01/13/2021 01/13/21 | Pending | -- | -- | -- |
| 01/09/2021 01/09/21 | Price Changed | $585,000 | -6.4% | $140 / Sq Ft |
| 12/02/2020 12/02/20 | Price Changed | $625,000 | -7.4% | $150 / Sq Ft |
| 11/06/2020 11/06/20 | For Sale | $675,000 | -- | $162 / Sq Ft |
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 | $13,912 | $293,290 | $74,320 | $218,970 |
| 2023 | $13,402 | $293,290 | $74,320 | $218,970 |
| 2022 | $13,801 | $293,290 | $74,320 | $218,970 |
| 2021 | $12,922 | $293,290 | $74,320 | $218,970 |
| 2020 | $12,602 | $293,290 | $74,320 | $218,970 |
| 2019 | $12,408 | $293,290 | $74,320 | $218,970 |
| 2018 | $8,431 | $293,290 | $74,320 | $218,970 |
| 2017 | $11,965 | $293,290 | $74,320 | $218,970 |
| 2016 | $11,850 | $293,290 | $74,320 | $218,970 |
| 2015 | $10,928 | $293,290 | $74,320 | $218,970 |
| 2014 | $10,928 | $293,290 | $74,320 | $218,970 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Kathleen Hartnett
Compass RE
(610) 888-6670
4 in this area
52 Total Sales
-
Buyer's Agent in 2021
Damon Michels
KW Main Line - Narberth
(610) 668-3400
8 in this area
653 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC669612
APN: 12-00-01453-002
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