NOT LISTED FOR SALE

22 Central Ave Cheltenham, PA 19012

Estimated Value: $466,940

-- Bed
2 Baths
-- Sq Ft
7,694 Sq Ft Lot

Last Sold January 09, 2015

Last sale price $239,900

Est. 95% increase in value since last sale

Current estimated payment $3,444/month

Highlights

  • Wood Flooring
  • No HOA
  • Shed
  • Cheltenham High School Rated A-
  • 4 Car Detached Garage
  • 5-minute walk to Burholme Park

About This Home

As of January 2015

Amazing income producing property in a very desirable area. This corner property has tremendous character and charm. First lets be clear the garages at the rear of the property are all included as part of the property, so there are 5 separate garages all with new doors and a larger commercial storage barn. The main property is a single with 2 apartments with separate private entrances and wonderful wrap around front porch. The first floor unit features high ceilings, large living room, formal dining room, kitchen with exit to fenced rear yard. 2 good sized bedrooms and 3 piece ceramic tile bath. The 2nd floor apartment features private entrance, large eat in kitchen, 3 nice sized bedrooms, 3 piece ceramic tile hall bath. Walk up finished 3rd floor is a great family room or could be used as an additional bedroom. Full unfinished basement, all separate utilities. New roofing, new garage doors and new 100 amp electric services. New windows throughout, freshly painted and new carpets throughout. It's ready to move in or rent out. This is a great investment opportunity don't miss out. Corner property fenced yard.

Last Agent to Sell the Property

Michael Cole

(215) 588-1999 mcolerealtor@gmail.com Re/Max One Realty License #RM-061288-B Listed on: 10/21/2014

Re/Max One Realty

Last Buyer's Agent

Chris Lerch

(215) 778-6802 chris@lerchre.com Lerch & Associates Real Estate License #RM424719

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,694 Sq Ft Lot
  • Property is in good condition

Parking

  • 4 Car Detached Garage
  • 5 Open Parking Spaces
  • 5 Detached Carport Spaces
  • Driveway
  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • Replacement Windows
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 062
  • Assessor Parcel Number 31-00-04723-007

Community Details

Overview

  • No Home Owners Association
  • Cheltenham Subdivision

Building Details

  • Operating Expense $9,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement, Shed
  • Year Built: 1920
  • Remarks Public: Amazing income producing property in a very desirable area. This corner property has tremendous character and charm. First lets be clear the garages at the rear of the property are all included as part of the property, so there are 5 separate garages all with new doors and a larger commercial storage barn. The main property is a single with 2 apartments with separate private entrances and wonderful wrap around front porch. The first floor unit features high ceilings, large living room, formal dining room, kitchen with exit to fenced rear yard. 2 good sized bedrooms and 3 piece ceramic tile bath. The 2nd floor apartment features private entrance, large eat in kitchen, 3 nice sized bedrooms, 3 piece ceramic tile hall bath. Walk up finished 3rd floor is a great family room or could be used as an additional bedroom. Full unfinished basement, all separate utilities. New roofing, new garage doors and new 100 amp electric services. New windows throughout, freshly painted and new carpets throughout. It's ready to move in or rent out. This is a great investment opportunity don't miss out. Corner property fenced yard.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Hookup
  • Street Number Modifier: 22

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Parking Features: Street
  • Garage Features: Oversized
  • Number Of Detached Carport Spaces: 5
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: On Street, Driveway, Detached Garage, Detached Carport

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHELTENHAM
  • School District Key: 300200396295

Lot Info

  • Land Use Code: 1160
  • Lot Size Acres: 0.18
  • Lot Dimensions: 50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7694.00
  • Property Condition: Good
  • Zoning: C3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 36000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 665787
  • Tax Annual Amount: 9190.00
  • Assessor Parcel Number: 31-00-04723-007
  • Tax Lot: 062
  • Tax Year: 2014
  • Close Date: 01/09/2015

MLS Schools

  • School District Name: CHELTENHAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2020
Sold by
Badin Michael J
Bought by
Yoast John S
Current Estimated Value
$466,940

Purchase Details

Listed on
Oct 21, 2014
Closed on
Dec 12, 2014
Sold by
Polonia Bank
Bought by
Badin Michael J and Badin Elisabeth J
Seller's Agent
Michael Cole
Re/Max One Realty
Buyer's Agent
Chris Lerch
Lerch & Associates Real Estate
List Price
$239,900
Sold Price
$239,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$179,925
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2013
Sold by
Estate Of Jonathan R Freed
Bought by
Polonia Bank

Purchase Details

Closed on
Apr 27, 1995
Sold by
Tuscano Jon P and Tuscano Anita
Bought by
Freed Jonathan R
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
Yoast John S $303,500 None Available
Badin Michael J $239,900 None Available
Polonia Bank $121,100 None Available
Freed Jonathan R $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Badin Michael J $179,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2015 01/09/15 Sold $239,900 0.0% --
10/28/2014 10/28/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $239,900 -- --
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 $11,594 $173,590 $44,370 $129,220
2024 $11,594 $173,590 $44,370 $129,220
2023 $11,464 $173,590 $44,370 $129,220
2022 $11,266 $173,590 $44,370 $129,220
2021 $10,958 $173,590 $44,370 $129,220
2020 $10,642 $173,590 $44,370 $129,220
2019 $10,430 $173,590 $44,370 $129,220
2018 $3,684 $173,590 $44,370 $129,220
2017 $9,957 $173,590 $44,370 $129,220
2016 $9,889 $173,590 $44,370 $129,220
2015 $9,428 $173,590 $44,370 $129,220
2014 $9,428 $173,590 $44,370 $129,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003126312

Bright MLS

APN: 31-00-04723-007