NOT LISTED FOR SALE

212 Pearl St Norristown, PA 19401

Estimated Value: $542,503

-- Bed
2 Baths
-- Sq Ft
2,106 Sq Ft Lot

Last Sold April 12, 2022

Last sale price $275,000

Est. 97% increase in value since last sale

Current estimated payment $3,039/month

Highlights

  • Radiant Heating System
  • 3-minute walk to Main Street (Norristown)
  • 2-minute walk to Crawford Park

About This Home

As of April 2022

*7 room* Rooming House! Rare opportunity to own well-maintained rooming house with 7 units and excellent cash flow. Replacement windows installed 2020, lower roof replaced 2019, carpets replaced 2021, bathroom renovated 2021, common areas newly painted in 2021. Monthly rental income is $3650/mo. Property is fully occupied, turn-key, and ready for new owner. Property is being sold as-is with all permits to be responsibility of the buyer.

Last Agent to Sell the Property

Janice Livshits

(215) 275-7380 janiceliv@yahoo.com Long & Foster Real Estate, Inc. Listed on: 03/02/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Patricia Herling

(215) 429-9424 patricia.herling@lnf.com Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1900

Lot Details

  • 2,106 Sq Ft Lot
  • Lot Dimensions are 20.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Norristown Area High School

Utilities

  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 053
  • Assessor Parcel Number 13-00-29572-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,262

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent
  • High School: NORRISTOWN AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2106.00
  • Zoning: R2

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Total Actual Rent: 43800.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 620476
  • School Tax: 1505.00
  • Tax Annual Amount: 2262.00
  • Assessor Parcel Number: 13-00-29572-007
  • Tax Lot: 053
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2022
Sold by
Melle David
Bought by
Herbert Weintraub Foundation Llc
Current Estimated Value
$542,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,015,500
Outstanding Balance
$983,953
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
Valerio Daniel
Bought by
Melle David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2009
Sold by
Bell Val Llc and Bello Patrick A
Bought by
Valerio Daniel

Purchase Details

Closed on
Aug 20, 2008
Sold by
Oesterle Jeffrey R
Bought by
212 & 218 Pearl Street Llc

Purchase Details

Closed on
Apr 13, 2005
Sold by
Ljg Property Management Llc
Bought by
Oesterle Jeffrey R

Purchase Details

Closed on
Apr 11, 2005
Sold by
Ljg Property Management Llc
Bought by
Oesterle Jeffrey R

Purchase Details

Closed on
Apr 23, 2004
Sold by
Brophy Joseph T and Brophy Kathryn A
Bought by
Ljg Prop Mgmnt Llc

Purchase Details

Closed on
Dec 29, 1994
Sold by
Pasquarello John and Pasquarello Eva
Bought by
Brophy Joseph T and Brophy Kathryn Ann
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Herbert Weintraub Foundation Llc $275,000 --
Melle David E -- None Available
Valerio Daniel $190,000 None Available
212 & 218 Pearl Street Llc $140,000 None Available
Oesterle Jeffrey R $84,000 --
Oesterle Jeffrey R $84,000 --
Ljg Prop Mgmnt Llc $100,000 --
Brophy Joseph T $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herbert Weintraub Foundation Llc $1,015,500
Previous Owner Melle David E $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2022 04/12/22 Sold $275,000 0.0% --
03/10/2022 03/10/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $275,000 -- --
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 $2,333 $38,000 $22,430 $15,570
2024 $2,333 $38,000 $22,430 $15,570
2023 $2,312 $38,000 $22,430 $15,570
2022 $2,262 $38,000 $22,430 $15,570
2021 $2,251 $38,000 $22,430 $15,570
2020 $2,147 $38,000 $22,430 $15,570
2019 $2,108 $38,000 $22,430 $15,570
2018 $1,403 $38,000 $22,430 $15,570
2017 $1,936 $38,000 $22,430 $15,570
2016 $1,921 $38,000 $22,430 $15,570
2015 $1,875 $38,000 $22,430 $15,570
2014 $1,841 $38,000 $22,430 $15,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2029766

Bright MLS

APN: 13-00-29572-007