$435,000
SOLD NOV 15, 2024

220 S Scott Ave Glenolden, PA 19036

-- Bed
-- Bath
2,793 Sq Ft
7,579 Sq Ft Lot

Recently Sold

$156 Per Sq Ft

2% Above List Price

7 Days on Market

Highlights

  • View of Trees or Woods
  • Traditional Floor Plan
  • Wood Flooring
  • Deck
  • Traditional Architecture
  • 3-minute walk to Glenolden Park

About This Home

As of November 2024

Imagine owning a property that not only offers immediate rental income but also sits in one of Glenolden’s most sought-after locations. Welcome to 220 S Scott Ave, a beautifully maintained triplex that presents an ideal opportunity for any savvy investor or owner-occupier looking to maximize their real estate portfolio.

As you step onto this well-kept street, it’s easy to see the appeal of this neighborhood. Pristine, tree-lined, and peaceful, with convenient access to local schools, parks, shopping, and the beloved Wawa, this property is perfectly situated. The accessibility to major roadways ensures that tenants will have an easy commute, while the quiet charm of the area makes it an attractive place to call home.

Inside, the triplex unfolds into three distinct and spacious units, each offering its own unique character and updates. The first-floor unit is the largest, boasting three generous bedrooms and a newly renovated kitchen and bath, complete with real tile floors. Picture your tenants enjoying a sunny afternoon on the freshly painted private deck, or the convenience of having direct access to the basement’s washer and dryer. With a spacious dining area, a large kitchen, and a bright living room, this unit offers both space and comfort.

Moving upstairs, the second-floor unit offers a welcoming layout with high ceilings, two bedrooms, and a well-appointed bathroom. The kitchen is functional and inviting, while the living room is spacious enough to accommodate any tenant’s needs. This unit, like the others, has been carefully updated, offering modern conveniences in a timeless setting.

At the top, the third-floor unit has been thoroughly transformed with modern touches. Imagine renters enjoying the sleek laminate and tile flooring, the fully updated kitchen with new appliances, and a luxurious multi-jet shower. They’ll also have access to an outdoor patio via the recently painted fire escape, a perfect spot to relax and take in the view. This cozy one-bedroom unit provides an attractive living space for someone seeking a blend of modern amenities and charm.

As an investor, you’ll also appreciate the many updates that make this property a sound purchase. The recently paved driveway offers plenty of parking for tenants, while the three-car detached garage with its new roof provides additional rental income. With three new hot water heaters, separate electric meters for each unit, a well-maintained boiler system, and newly painted deck, the property is not only efficient but easy to manage. Plus, the brand-new oil tank installed in 2019 ensures reliable heating, while the waterproofed basement with two washer/dryer hookups adds even more convenience for your tenants.

This property is fully rented on yearly leases, providing immediate cash flow for the next owner. As the current owner covers water, property taxes, common area electric, and oil heating cost. Tenants pay for their own electric to enjoy comfortable living spaces without additional utilities to worry about, while you benefit from stable, predictable income.

220 S Scott Ave offers a rare combination of charm, location, and financial opportunity. With low maintenance costs and a move-in-ready setup, this triplex is an investment that practically manages itself. Schedule your appointment today, and envision the possibilities this property could bring to your portfolio.

Last Agent to Sell the Property

Philip Winicov

RE/MAX Preferred - Newtown Square License #RS336040 Listed on: 10/01/2024

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Ben Slater

RE/MAX Preferred - Newtown Square License #RS314851

RE/MAX Preferred - Newtown Square

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,302

Year Built

  • Built in 1930

Lot Details

  • 7,579 Sq Ft Lot
  • Property is in very good condition

Parking

  • 3 Car Detached Garage
  • 5 Driveway Spaces
  • Free Parking
  • Lighted Parking
  • Rear-Facing Garage
  • Garage Door Opener
  • On-Street Parking

Property Views

  • Woods
  • Garden

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Foundation
  • Block Foundation
  • Plaster Walls
  • Architectural Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Cedar Closet
  • 2,793 Sq Ft Home
  • Traditional Floor Plan
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Water Proofing System
  • Sump Pump

Home Security

  • Surveillance System
  • Exterior Cameras
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Escape
  • Flood Lights

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Interboro High School

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for lawn/shrub care, real estate taxes, water
  • Tax Lot 385-000
  • Assessor Parcel Number 21-00-01776-00

Community Details

Overview

  • 3 Units
  • 4-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,302

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Historic: No
  • Inclusions: All appliances in units owned by property owner (Kitchen appliances), washer and dryer units in basement
  • New Construction: No
  • Expected On Market: 2024-10-01
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Imagine owning a property that not only offers immediate rental income but also sits in one of Glenolden’s most sought-after locations. Welcome to 220 S Scott Ave, a beautifully maintained triplex that presents an ideal opportunity for any savvy investor or owner-occupier looking to maximize their real estate portfolio. As you step onto this well-kept street, it’s easy to see the appeal of this neighborhood. Pristine, tree-lined, and peaceful, with convenient access to local schools, parks, shopping, and the beloved Wawa, this property is perfectly situated. The accessibility to major roadways ensures that tenants will have an easy commute, while the quiet charm of the area makes it an attractive place to call home. Inside, the triplex unfolds into three distinct and spacious units, each offering its own unique character and updates. The first-floor unit is the largest, boasting three generous bedrooms and a newly renovated kitchen and bath, complete with real tile floors. Picture your tenants enjoying a sunny afternoon on the freshly painted private deck, or the convenience of having direct access to the basement’s washer and dryer. With a spacious dining area, a large kitchen, and a bright living room, this unit offers both space and comfort. Moving upstairs, the second-floor unit offers a welcoming layout with high ceilings, two bedrooms, and a well-appointed bathroom. The kitchen is functional and inviting, while the living room is spacious enough to accommodate any tenant’s needs. This unit, like the others, has been carefully updated, offering modern conveniences in a timeless setting. At the top, the third-floor unit has been thoroughly transformed with modern touches. Imagine renters enjoying the sleek laminate and tile flooring, the fully updated kitchen with new appliances, and a luxurious multi-jet shower. They’ll also have access to an outdoor patio via the recently painted fire escape, a perfect spot to relax and take in the view. This cozy one-bedroom unit provides an attractive living space for someone seeking a blend of modern amenities and charm. As an investor, you’ll also appreciate the many updates that make this property a sound purchase. The recently paved driveway offers plenty of parking for tenants, while the three-car detached garage with its new roof provides additional rental income. With three new hot water heaters, separate electric meters for each unit, a well-maintained boiler system, and newly painted deck, the property is not only efficient but easy to manage. Plus, the brand-new oil tank installed in 2019 ensures reliable heating, while the waterproofed basement with two washer/dryer hookups adds even more convenience for your tenants. This property is fully rented on yearly leases, providing immediate cash flow for the next owner. As the current owner covers water, property taxes, common area electric, and oil heating cost. Tenants pay for their own electric to enjoy comfortable living spaces without additional utilities to worry about, while you benefit from stable, predictable income. 220 S Scott Ave offers a rare combination of charm, location, and financial opportunity. With low maintenance costs and a move-in-ready setup, this triplex is an investment that practically manages itself. Schedule your appointment today, and envision the possibilities this property could bring to your portfolio.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Carpet, Tile/Brick
  • Interior Amenities: Carpet, Cedar Closet(s), Ceiling Fan(s), Floor Plan - Traditional, Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Brick/Mortar, Block
  • Room Count: 17
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Sump Pump, Water Proofing System
  • Total Sq Ft: 2793
  • Living Area Sq Ft: 2793
  • Price Per Sq Ft: 152.17
  • Above Grade Finished Sq Ft: 2793
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 220

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Exterior Features: Exterior Lighting, Fire Escape, Flood Lights, Gutter System, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Architectural Shingle
  • Spa: No
  • View: Garden/Lawn, Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Free, Lighted Parking, Paved Parking, Paved Driveway, Private
  • Garage Features: Garage - Rear Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, On Street, Detached Garage
  • Number of Spaces in Driveway: 5

Utilities

  • Central Air Conditioning: No
  • Monthly Average Electric: 80
  • Previous Twelve Months Electric Expense: 960.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Natural Gas Available
  • Heating Oil Avg Month: 95.28
  • Heating Oil Prev12 Months: 1143.36
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Exterior Cameras, Security System, Surveillance Sys, Smoke Detector, Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Monthly Water Average: 135
  • Water Previous Twelve Months: 1620.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: INTERBORO
  • High School: INTERBORO
  • School District Key: 300200397355
  • School District Source: Listing Agent
  • High School: INTERBORO

Lot Info

  • Land Use Code: R-20
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7579.00
  • Outdoor Living Structures: Deck(s), Balcony
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2018
  • Zoning: RESIDENTIAL

Green Features

  • Green Remarks: Tesla Charger Capable NEMA 14-50 Outlet installed in garage

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Lawn/Shrub Care, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 55920.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 4301.00
  • Tax Annual Amount: 8302.00
  • Assessor Parcel Number: 21-00-01776-00
  • Tax Lot: 385-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/15/2024

Multi Family

  • Gross Income: 55920.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: INTERBORO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2024
Closed on
Oct 24, 2024
Sold by
Winicov Philip P
Bought by
Korthi Enterprises Llc
Seller's Agent
Philip Winicov
RE/MAX Preferred - Newtown Square
Buyer's Agent
Ben Slater
RE/MAX Preferred - Newtown Square
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%
Total Days on Market
7
Views
16
Current Estimated Value
$451,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,480
Avg. Annual Appreciation
6.99%
Original Mortgage
$326,250
Outstanding Balance
$324,647
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$126,833

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jun 7, 2019
Sold by
Knight Beverly R
Bought by
Winicov Philip P
Seller's Agent
Jason Gizzi
KW Empower
Buyer's Agent
Philip Winicov
RE/MAX Preferred - Newtown Square
List Price
$314,000
Sold Price
$314,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$308,312
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 2012
Sold by
Knight Beverly R and Keefer Natalie D
Bought by
Knight Beverly 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 Type Sale Price Title Company
Special Warranty Deed $435,000 None Listed On Document
Special Warranty Deed $435,000 None Listed On Document
Deed $314,000 City Line Abstract Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $326,250 New Conventional
Closed $326,250 New Conventional
Previous Owner $308,945 FHA
Previous Owner $308,312 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $435,000 +2.4% $156 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $425,000 0.0% $152 / Sq Ft
04/03/2024 04/03/24 Rented $1,420 0.0% --
04/03/2024 04/03/24 Under Contract -- -- --
04/03/2024 04/03/24 For Rent $1,420 -20.9% --
02/01/2024 02/01/24 Rented $1,795 0.0% --
01/14/2024 01/14/24 Under Contract -- -- --
01/11/2024 01/11/24 Price Changed $1,795 -10.0% $2 / Sq Ft
01/09/2024 01/09/24 For Rent $1,995 +48.3% --
04/29/2022 04/29/22 Rented $1,345 +3.9% --
04/04/2022 04/04/22 Under Contract -- -- --
03/28/2022 03/28/22 For Rent $1,295 +1.6% --
02/28/2022 02/28/22 Rented $1,275 +2.0% --
01/31/2022 01/31/22 Under Contract -- -- --
01/14/2022 01/14/22 For Rent $1,250 0.0% --
06/07/2019 06/07/19 Sold $314,000 0.0% $112 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $314,000 -- $112 / 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
2024 $8,303 $231,540 $59,980 $171,560
2023 $8,123 $231,540 $59,980 $171,560
2022 $7,990 $231,540 $59,980 $171,560
2021 $11,273 $231,540 $59,980 $171,560
2020 $6,033 $115,930 $32,380 $83,550
2019 $5,966 $115,930 $32,380 $83,550
2018 $5,859 $115,930 $0 $0
2017 $5,729 $115,930 $0 $0
2016 $649 $115,930 $0 $0
2015 $649 $115,930 $0 $0
2014 $649 $115,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2076020

Bright MLS

APN: 21-00-01776-00