NOT LISTED FOR SALE

Estimated Value: $269,000 - $433,811

-- Bed
2 Baths
2,196 Sq Ft
$173/Sq Ft Est. Value

Last Sold April 18, 2019

Last sale price $253,000 $115 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,311/month

Highlights

  • Colonial Architecture
  • No HOA
  • Central Heating
  • Wood Flooring
  • Back and Side Yard

About This Home

As of April 2019

Wonderful 2 story, 2 unit building in the heart of the Village of Milford Square. Consistent income producer. Ideally located less than 1.5 miles of the PA Turnpike NE Extension Quakertown Exit and a short distance to Route 309 and the new St. Luke s Hospital which is slated to be completed in the Fall of 2019. The first floor unit is 2 bedrooms, one bath, spacious kitchen and living room and currently rents for $920/month (projected/pro forma rent $1200). The 2nd floor unit has 3 bedrooms and baths, living room and kitchen which currently rents for $1100/month (projected/pro forma rent $1300). Property has a private well and public sewer. Tenants pay for heat, electric and trash. Ample parking area with a multi-bay garage with separate workshop. Each unit has a washer and dryer.

Last Agent to Sell the Property

Lynne Benson

(215) 622-0747 lynnebenson@kw.com Keller Williams Real Estate-Doylestown Listed on: 03/07/2019

Keller Williams Real Estate-Doylestown

Last Buyer's Agent

Todd Baringer

(610) 360-9572 tbaringer@baringergroup.com Real Estate Excel-The Baringer Group LTD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,282

Year Built

  • Built in 1900

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 106.00 x 175.00
  • Back and Side Yard
  • Property is in good condition

Parking

  • Parking Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,196 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Schools

  • Pfaff Elementary School
  • Milford Middle School

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Oil
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, miscellaneous, pest control, repairs, sewer, real estate taxes, water
  • Tax Lot 016
  • Assessor Parcel Number 23-011-016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $960
  • Other Expense $1,080
  • Operating Expense $5,240
  • Gross Income $24,240
  • Net Operating Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,282

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Washers, Dryers, Refrigerators
  • New Construction: No
  • Other Expense: 1080.00
  • Year Built: 1900
  • Remarks Public: Wonderful 2 story, 2 unit building in the heart of the Village of Milford Square. Consistent income producer. Ideally located less than 1.5 miles of the PA Turnpike NE Extension Quakertown Exit and a short distance to Route 309 and the new St. Luke s Hospital which is slated to be completed in the Fall of 2019. The first floor unit is 2 bedrooms, one bath, spacious kitchen and living room and currently rents for $920/month (projected/pro forma rent $1200). The 2nd floor unit has 3 bedrooms and baths, living room and kitchen which currently rents for $1100/month (projected/pro forma rent $1300). Property has a private well and public sewer. Tenants pay for heat, electric and trash. Ample parking area with a multi-bay garage with separate workshop. Each unit has a washer and dryer.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2196
  • Living Area Sq Ft: 2196
  • Price Per Sq Ft: 116.12
  • Above Grade Finished Sq Ft: 2196
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2128

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil, Propane - Leased
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: QUAKERTOWN COMMUNITY
  • Elementary School: PFAFF
  • Middle School: MILFORD
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397165
  • School District Source: Listing Agent
  • Elementary School: PFAFF
  • Middle Or Junior School: MILFORD

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 13960.00
  • Land Assessed Value: 3240.00
  • Land Use Code: 1001
  • Lot Features: Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.43
  • Lot Dimensions: 106.00 x 175.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18550.00
  • Property Condition: Good
  • Year Assessed: 2018
  • Zoning: PC

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Miscellaneous, Pest Control, Repairs, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 24240.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 118255
  • School Tax: 2828.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3282.00
  • Assessor Parcel Number: 23-011-016
  • Tax Lot: 016
  • Tax Total Finished Sq Ft: 2196
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 04/18/2019

Multi Family

  • Gross Income: 24240.00
  • Gross Scheduled Income: 24240.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5240.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: QUAKERTOWN COMMUNITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2019
Closed on
Apr 17, 2019
Sold by
Jagielnicki Milosz
Bought by
Shelmire Paul C
Seller's Agent
Lynne Benson
Keller Williams Real Estate-Doylestown
Buyer's Agent
Todd Baringer
Real Estate Excel-The Baringer Group LTD
List Price
$255,000
Sold Price
$253,000
Premium/Discount to List
-$2,000
-0.78%
Current Estimated Value
$379,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,953
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Nov 20, 2018
Sold by
2128 Allentown Rd Llc
Bought by
Jagieinicki Milosz and Jagieinicki Anna

Purchase Details

Listed on
Sep 17, 2017
Closed on
Sep 14, 2018
Sold by
Hamilton Clifford J and Hamilton Iris B
Bought by
2128 Allentown Rd Llc
Seller's Agent
Sue Deily
RE/MAX 440 - Quakertown
Buyer's Agent
Lynne Benson
Keller Williams Real Estate-Doylestown
List Price
$230,000
Sold Price
$232,000
Premium/Discount to List
$2,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%

Purchase Details

Closed on
Oct 10, 2015
Sold by
Hamilton Clifford J and The Clifford J Hamilton Revoca
Bought by
Clifford J Hamilton & Iris B Hamilton Re

Purchase Details

Closed on
Oct 3, 2013
Sold by
Hamilton Clifford J
Bought by
Hamilton Clifford J and Clifford J Hamilton Revocable Living Tru

Purchase Details

Closed on
Nov 6, 2003
Sold by
Ocamb Randall J and Ocamb Joan L
Bought by
Hamilton Clifford J and Hamilton Kathryn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Shelmire Paul C $253,000 Germantown Title Company
Jagieinicki Milosz -- Liberty Title & Escrow
2128 Allentown Rd Llc $232,000 Mid Atlantic Regional Abstra
Clifford J Hamilton & Iris B Hamilton Re -- Attorney
Hamilton Clifford J -- None Available
Hamilton Clifford J $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamilton Clifford J $131,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2019 04/18/19 Sold $253,000 -0.8% $115 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $255,000 +9.9% $116 / Sq Ft
09/14/2018 09/14/18 Sold $232,000 +0.9% $106 / Sq Ft View Prior Sale
05/31/2018 05/31/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $230,000 -0.9% $105 / Sq Ft
04/06/2018 04/06/18 Off Market $232,000 -- --
02/26/2018 02/26/18 For Sale $230,000 0.0% $105 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
12/28/2017 12/28/17 For Sale $230,000 -0.9% $105 / Sq Ft
11/27/2017 11/27/17 Off Market $232,000 -- --
09/17/2017 09/17/17 For Sale $230,000 -- $105 / 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 $3,469 $17,200 $3,240 $13,960
2024 $3,469 $17,200 $3,240 $13,960
2023 $3,434 $17,200 $3,240 $13,960
2022 $3,376 $17,200 $3,240 $13,960
2021 $3,376 $17,200 $3,240 $13,960
2020 $3,376 $17,200 $3,240 $13,960
2019 $3,282 $17,200 $3,240 $13,960
2018 $3,169 $17,200 $3,240 $13,960
2017 $3,071 $17,200 $3,240 $13,960
2016 $3,071 $17,200 $3,240 $13,960
2015 -- $17,200 $3,240 $13,960
2014 -- $17,200 $3,240 $13,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU444504

Bright MLS

APN: 23-011-016