NOT LISTED FOR SALE

219 W Lancaster Ave Downingtown, PA 19335

Estimated Value: $356,957

-- Bed
-- Bath
3,999 Sq Ft
$89/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $210,000 $53 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,336/month

340 Days on Market

Highlights

  • No HOA
  • 2-minute walk to Downingtown
  • Radiator
  • Beaver Creek Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of April 2016

Perfect Opportunity to own a 4 unit in the Borough of Downingtown. Located in a great location across from the Train Station. Also, near other public transportation such as the bus route. High visible area great for the Commercial aspect. 4 total units. Commercial store front being used as a barber shop which has been a long time tenant. 3 additional rented apartment units. New windows. All windows will be aluminum capped. New flooring and ceilings in the 2nd floor units. 2nd floor has a washer/dryer hookup. Basement unit has been redone recently. New gutter work and new sophit work. Great income producer in a growing area. Nice investment opportunity.

Last Agent to Sell the Property

Joseph Wagner

joewagner@homesinpa.com RE/MAX Action Associates Listed on: 03/19/2015

Co-Listed By

Jamie Wagner

(610) 363-4077 JamieWagner@homesinpa.com RE/MAX Action Associates License #RS218677L

RE/MAX Action Associates

Last Buyer's Agent

Jamie Wagner

(610) 363-4077 JamieWagner@homesinpa.com RE/MAX Action Associates License #RS218677L

RE/MAX Action Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,013

Year Built

  • Built in 1905

Lot Details

  • 3,308 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 3,999 Sq Ft Home
  • Wall to Wall Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Utilities

  • Radiator
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 0412
  • Assessor Parcel Number 11-07 -0412

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $2,525
  • Operating Expense $16,538

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,013

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Dirt Floor
  • Total Sq Ft: 3999
  • Living Area Sq Ft: 3999
  • Price Per Sq Ft: 66.89
  • Above Grade Finished Sq Ft: 3999
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 6000.00
  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil, Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 102320.00
  • Land Assessed Value: 29280.00
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3308.00
  • Property Condition: Good
  • Zoning: R4

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 41400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 233767
  • Tax Annual Amount: 5013.00
  • Assessor Parcel Number: 11-07 -0412
  • Tax Lot: 0412
  • Tax Year: 2016

MLS Schools

  • School District Name: DOWNINGTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2015
Closed on
Apr 27, 2016
Sold by
Alesio John Thomas D and Harris Larry
Bought by
Hofbauer Realty Ltd
Seller's Agent
Joseph Wagner
RE/MAX Action Associates
Buyer's Agent
Jamie Wagner
RE/MAX Action Associates
List Price
$269,000
Sold Price
$210,000
Premium/Discount to List
-$59,000
-21.93%
Current Estimated Value
$356,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,957
Avg. Annual Appreciation
5.67%
Original Mortgage
$157,500
Outstanding Balance
$125,585
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$231,372

Purchase Details

Closed on
Apr 29, 1998
Sold by
Otter Ethel W
Bought by
Hurley Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
7.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hofbauer Realty Ltd $210,000 None Available
Hurley Robert J $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hofbauer Realty Ltd $157,500
Previous Owner Hurley Robert J $69,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2016 04/27/16 Sold $210,000 -21.9% $53 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
03/19/2015 03/19/15 For Sale $269,000 -- $67 / 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 $5,495 $131,600 $29,280 $102,320
2024 $5,495 $131,600 $29,280 $102,320
2023 $5,364 $131,600 $29,280 $102,320
2022 $5,254 $131,600 $29,280 $102,320
2021 $5,183 $131,600 $29,280 $102,320
2020 $5,159 $131,600 $29,280 $102,320
2019 $2,291 $131,600 $29,280 $102,320
2018 $5,159 $131,600 $29,280 $102,320
2017 $5,159 $131,600 $29,280 $102,320
2016 $4,921 $131,600 $29,280 $102,320
2015 $4,921 $131,600 $29,280 $102,320
2014 $4,921 $131,600 $29,280 $102,320
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Joseph Wagner

    RE/MAX

  • Jamie Wagner

    Seller Co-Listing Agent in 2016

    Jamie Wagner

    RE/MAX

    (610) 363-4077

    7 in this area

    158 Total Sales

    Jamie Wagner
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Map

Source: Bright MLS

MLS Number: 1002555346

Bright MLS

APN: 11-007-0412.0000

Pennsylvania Chester County Downingtown 19335

219 W Lancaster Ave, Downingtown, PA

Not Listed for Sale

MultiFamily

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