NOT LISTED FOR SALE

Estimated Value: $308,000 - $352,000

-- Bed
2 Baths
1,872 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $225,000 $120 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,338/month

15 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of October 2020

OFFER Deadline - 8pm 8/18 - Very Well Maintained, Fully Rented Duplex now Available in Red-Hot Ridley TWP. Great Location, Right off MacDade Blvd and Next to MacDade Mall, Convenient to 476, I95, Airport and Center City. Both Rental Units have Access to Large Basement with Separate Washers and Dryers, plus storage units. Individually Zoned Heat and Electric (Landlord pays only water) Plenty of Street Parking Plus DRIVEWAY Parking. Building Consists of Common area entrance, Common area Basement (With Laundry) a First Floor unit and a 2nd Floor Unit plus Fenced in Yard. Both Rental Units are 2 Bedroom, 1 Bath with Large and Open Living/Dining Rooms plus Kitchen. Gas Heat, Built in wall Unit AC and Modern appliances. Gross Rental income (both units combined) is $2,350 - Lease info available on request. Vacancy rate almost Zero - very high demand due to condition location and price - See Photos!

Last Agent to Sell the Property

Ben Slater

RE/MAX Preferred - Newtown Square License #RS314851 Listed on: 08/14/2020

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Connor Eichman

Premier Property Management & Realty LLC License #RM425529

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 3,398 Sq Ft Lot
  • Lot Dimensions are 35.00 x 100.00

Home Design

  • Duplex
  • Traditional Architecture
  • Stucco

Interior Spaces

  • 1,872 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, real estate taxes, insurance, common area maintenance
  • Tax Lot 946-000
  • Assessor Parcel Number 38-04-00988-05

Community Details

Overview

  • No Home Owners Association

Building Details

  • Income includes apartment rentals
  • Gross Income $28,200
  • Net Operating Income $20,663

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1978
  • Automatically Close On Close Date: No
  • Remarks Public: OFFER Deadline - 8pm 8/18 - Very Well Maintained, Fully Rented Duplex now Available in Red-Hot Ridley TWP. Great Location, Right off MacDade Blvd and Next to MacDade Mall, Convenient to 476, I95, Airport and Center City. Both Rental Units have Access to Large Basement with Separate Washers and Dryers, plus storage units. Individually Zoned Heat and Electric (Landlord pays only water) Plenty of Street Parking Plus DRIVEWAY Parking. Building Consists of Common area entrance, Common area Basement (With Laundry) a First Floor unit and a 2nd Floor Unit plus Fenced in Yard. Both Rental Units are 2 Bedroom, 1 Bath with Large and Open Living/Dining Rooms plus Kitchen. Gas Heat, Built in wall Unit AC and Modern appliances. Gross Rental income (both units combined) is $2,350 - Lease info available on request. Vacancy rate almost Zero - very high demand due to condition location and price - See Photos!
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1872
  • Living Area Sq Ft: 1872
  • Price Per Sq Ft: 120.19
  • Above Grade Finished Sq Ft: 1872
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 231

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - 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: 72560.00
  • Land Assessed Value: 30770.00
  • Land Use Code: R-20
  • Lot Size Acres: 0.08
  • Lot Dimensions: 35.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3398.00
  • Year Assessed: 2020
  • Zoning: R-20 TWO FAMILY

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water, Taxes - Real Estate, Insurance, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 2350.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 549051
  • School Tax: 4268.00
  • Tax Annual Amount: 5837.00
  • Assessor Parcel Number: 38-04-00988-05
  • Tax Lot: 946-000
  • Tax Total Finished Sq Ft: 1872
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/13/2020

Multi Family

  • Gross Income: 28200.00
  • Gross Scheduled Income: 28200.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: RIDLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Oct 9, 2020
Sold by
Defeo Robert and Simpkins Melanie
Bought by
Lydon Lauren
Seller's Agent
Ben Slater
RE/MAX Preferred - Newtown Square
Buyer's Agent
Connor Eichman
Premier Property Management & Realty LLC
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$331,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,083
Avg. Annual Appreciation
8.22%
Original Mortgage
$168,750
Outstanding Balance
$150,164
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$180,919

Purchase Details

Closed on
Dec 13, 2011
Sold by
Mcgurk Robert J
Bought by
Defeo Robert and Simpkins Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,563
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2002
Sold by
Garling William H and Garling Barbara Ann
Bought by
Mcgurk 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
$96,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Lydon Lauren $225,000 Sage Premier Settlements
Defeo Robert $175,000 None Available
Mcgurk Robert J $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lydon Lauren $168,750
Previous Owner Defeo Robert $170,563
Previous Owner Mcgurk Robert J $50,000
Previous Owner Mcgurk Robert J $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $225,000 0.0% $120 / Sq Ft
08/31/2020 08/31/20 For Sale $225,000 0.0% $120 / Sq Ft
08/29/2020 08/29/20 Off Market $225,000 -- --
08/14/2020 08/14/20 For Sale $225,000 0.0% $120 / Sq Ft
05/14/2020 05/14/20 Rented $1,250 0.0% --
04/20/2020 04/20/20 For Rent $1,250 +38.9% --
07/22/2014 07/22/14 Rented $900 0.0% --
07/22/2014 07/22/14 Under Contract -- -- --
07/01/2014 07/01/14 For Rent $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 $6,438 $185,410 $39,170 $146,240
2024 $6,438 $185,410 $39,170 $146,240
2023 $6,158 $185,410 $39,170 $146,240
2022 $5,960 $185,410 $39,170 $146,240
2021 $9,226 $185,410 $39,170 $146,240
2020 $5,837 $103,330 $30,770 $72,560
2019 $5,730 $103,330 $30,770 $72,560
2018 $5,659 $103,330 $0 $0
2017 $5,659 $103,330 $0 $0
2016 $567 $103,330 $0 $0
2015 $567 $103,330 $0 $0
2014 $567 $103,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE525072

Bright MLS

APN: 38-04-00988-05