NOT LISTED FOR SALE

229 Ridley Ave Folsom, PA 19033

Estimated Value: $449,842 - $459,000

-- Bed
4 Baths
2,352 Sq Ft
$192/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $350,000 $149 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,115/month

Highlights

  • No HOA
  • Central Air
  • Hot Water Heating System

About This Home

As of October 2021

GREAT INVESTMENT OPPORTUNITY! This Victorian style property was converted into a 4 unit apartment building which includes Three 1 bedroom apartments and one spacious two bedroom apartment; 3 of the apartments have their own private porch/deck; Some upgrades to the building include in Unit 4, total update of kitchen to include new cabinets, sink, backsplash, stove, new counter top, refrigerator, painting and installing vinyl wood planking throughout the unit.; Unit 1 installed new vinyl plank flooring in bedroom and living room; painted entire unit. The building also offers a coin operated washer and dryer in the basment for tenant use maintained by the owner. The property is conveniently located to shopping, restaurants and public transportation; short commute to the Airport and Center City. The property is being sold AS IS.

Last Agent to Sell the Property

Roseann Tulley

Redfin Corporation License #RS330033 Listed on: 07/02/2021

Redfin Corporation

Last Buyer's Agent

Dick Stanton

Compass RE License #RS296420

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,812

Year Built

  • Built in 1930

Lot Details

  • 5,750 Sq Ft Lot
  • Lot Dimensions are 55.00 x 100.00

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,352 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Oven

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 581-000
  • Assessor Parcel Number 38-03-01950-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,812

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-07-02
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: GREAT INVESTMENT OPPORTUNITY! This Victorian style property was converted into a 4 unit apartment building which includes Three 1 bedroom apartments and one spacious two bedroom apartment; 3 of the apartments have their own private porch/deck; Some upgrades to the building include in Unit 4, total update of kitchen to include new cabinets, sink, backsplash, stove, new counter top, refrigerator, painting and installing vinyl wood planking throughout the unit.; Unit 1 installed new vinyl plank flooring in bedroom and living room; painted entire unit. The building also offers a coin operated washer and dryer in the basment for tenant use maintained by the owner. The property is conveniently located to shopping, restaurants and public transportation; short commute to the Airport and Center City. The property is being sold AS IS.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven - Single
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2352
  • Living Area Sq Ft: 2352
  • Price Per Sq Ft: 161.14
  • Above Grade Finished Sq Ft: 2352
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 229

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: RIDLEY
  • School District Key: 300200397359
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 198920.00
  • Land Assessed Value: 44100.00
  • Land Use Code: R-40
  • Lot Size Acres: 0.13
  • Lot Dimensions: 55.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5750.00
  • Year Assessed: 2021
  • Zoning: R-40 FOUR FAMILY

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 546780
  • School Tax: 5756.00
  • Tax Annual Amount: 7812.00
  • Assessor Parcel Number: 38-03-01950-00
  • Tax Lot: 581-000
  • Tax Total Finished Sq Ft: 2352
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/29/2021

MLS Schools

  • School District Name: RIDLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Oct 1, 2021
Sold by
Wood Canton
Bought by
229 Ridley Avenue Apartments Llc
Seller's Agent
Roseann Tulley
Redfin Corporation
Buyer's Agent
Dick Stanton
Compass RE
List Price
$379,000
Sold Price
$350,000
Premium/Discount to List
-$29,000
-7.65%
Current Estimated Value
$452,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,711
Avg. Annual Appreciation
6.39%
Original Mortgage
$227,500
Outstanding Balance
$210,261
Interest Rate
3.01%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$234,883

Purchase Details

Listed on
Apr 12, 2018
Closed on
Jun 29, 2018
Sold by
S And P Ridley Inc
Bought by
Wood Carlton
Seller's Agent
Helena Nicholls
Long & Foster Real Estate, Inc.
Buyer's Agent
Woody Howell
Real Estate of America
List Price
$315,000
Sold Price
$290,000
Premium/Discount to List
-$25,000
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Saunders Frank E and Saunders Margaret
Bought by
S & P Ridley Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1999
Sold by
Saunders Frank and Saunders Margaret
Bought by
Saunders Frank E and Saunders Margaret
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
229 Ridley Avenue Apartments Llc $350,000 Class Abstract
Wood Carlton $290,000 Pando Abstract Llc
S & P Ridley Inc $145,000 --
Saunders Frank E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 229 Ridley Avenue Apartments Llc $227,500
Previous Owner S & P Ridley Inc $50,000
Previous Owner S & P Ridley Inc $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $350,000 -7.7% $149 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $379,000 +30.7% $161 / Sq Ft
06/29/2018 06/29/18 Sold $290,000 -7.9% $123 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $315,000 -- $134 / 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 $8,438 $243,020 $44,100 $198,920
2024 $8,438 $243,020 $44,100 $198,920
2023 $8,071 $243,020 $44,100 $198,920
2022 $7,812 $243,020 $44,100 $198,920
2021 $12,093 $243,020 $44,100 $198,920
2020 $6,759 $119,640 $34,650 $84,990
2019 $6,635 $119,640 $34,650 $84,990
2018 $6,552 $119,640 $0 $0
2017 $6,552 $119,640 $0 $0
2016 $657 $119,640 $0 $0
2015 $670 $119,640 $0 $0
2014 $670 $119,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2000604

Bright MLS

APN: 38-03-01950-00