NOT LISTED FOR SALE

Estimated Value: $225,000 - $322,978

-- Bed
3 Baths
1,448 Sq Ft
$197/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $298,000 $206 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,895/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Patio
  • Central Air
  • Attic
  • Luxury Vinyl Plank Tile Flooring
  • 1-minute walk to Memorial Park

About This Home

As of April 2024

Excellent Investment Opportunity Awaiting it's new Owner!! Situated across the street from Manatawny Park, this Triplex rests on a corner lot with a well manicured lawn. It is located close enough to walk to High St. yet far enough for tenants to enjoy a quiet neighborhood. Property was renovated just a few years ago and has been maintained. Renovations completed are as follows: 3 new hot water heaters, PEX plumbing throughout, updates to the electric panels and an owners panel added, exterior motion lighting, all windows replaced, interior and exterior painting, new raillings around the 1st floor front unit of the building, tile work in kitchens and some baths, minisplit installations for Heat and A/C, new gutters, concrete stairs to units 2 and 3 were redone along with a few newly poured pads along the walkway in front of unit 1 (1st Fl Rear). An exterior closet was also constructed with baseboard heat and water lines installed for the addition of a combo washer/dryer, but was never used for this purpose. (The closet is currently used to store exterior maintenance equipment.) Longterm tenants in 2 of the 3 units with interest in staying. Rents are below market value totaling $2450/mo. for an annual total of $29,400 and a cap rate of 7% with potential to increase to over $3000/mo., $36,000/yr. with a cap rate of 9-10%. (Efficiency: $600/mo; 1 Bedroom: $950/mo.; 2 Bedroom: $900/mo.) Utilities are split and tenants pay their own electricity. Owner pays for water/sewer/trash (about $635/qr.), taxes $4,500, Ins. $1,400. Parking for tenants/visitors is on 2nd Street and the borough allows a few spaces to be used across the street at the park. Please Note: *Basement is listed as a crawl space, but there is a partial walk out basement as well (bilco doors) which houses all of the utilities. **Public records states this property is within a flood zone and that is incorrect. Please see FEMA LOMA under documents.**

Last Agent to Sell the Property

Maria Dattilo

(484) 614-8074 maria@dattilorealtygroup.com Compass RE License #RS325672 Listed on: 03/09/2024

Compass RE

Last Buyer's Agent

WARREN BITTNER

(610) 742-2195 wbittner7@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,566

Year Built

  • Built in 1907 | Remodeled in 2019

Lot Details

  • 5,664 Sq Ft Lot
  • Lot Dimensions are 84.00 x 0.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,448 Sq Ft Home
  • Replacement Windows
  • Motion Detectors
  • Attic

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Wall Furnace
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for lawn/shrub care, pest control, sewer, real estate taxes, trash collection, water
  • Tax Lot 53
  • Assessor Parcel Number 16-00-19848-008

Community Details

Overview

  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,400
  • Other Expense $1,039
  • Trash Expense $1,022
  • Gross Income $29,400
  • Net Operating Income $23,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,566

Year Built

Built in 1907 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: All tenants personal belongings are excluded from the sale of this property.
  • Inclusions: Stoves, refrigerators and microwaves all included in as-is condition at no additional monetary value.
  • New Construction: No
  • Other Expense: 1039.00
  • Year Built: 1907
  • Year Renovated: 2019
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Excellent Investment Opportunity Awaiting it's new Owner!! Situated across the street from Manatawny Park, this Triplex rests on a corner lot with a well manicured lawn. It is located close enough to walk to High St. yet far enough for tenants to enjoy a quiet neighborhood. Property was renovated just a few years ago and has been maintained. Renovations completed are as follows: 3 new hot water heaters, PEX plumbing throughout, updates to the electric panels and an owners panel added, exterior motion lighting, all windows replaced, interior and exterior painting, new raillings around the 1st floor front unit of the building, tile work in kitchens and some baths, minisplit installations for Heat and A/C, new gutters, concrete stairs to units 2 and 3 were redone along with a few newly poured pads along the walkway in front of unit 1 (1st Fl Rear). An exterior closet was also constructed with baseboard heat and water lines installed for the addition of a combo washer/dryer, but was never used for this purpose. (The closet is currently used to store exterior maintenance equipment.) Longterm tenants in 2 of the 3 units with interest in staying. Rents are below market value totaling $2450/mo. for an annual total of $29,400 and a cap rate of 7% with potential to increase to over $3000/mo., $36,000/yr. with a cap rate of 9-10%. (Efficiency: $600/mo; 1 Bedroom: $950/mo.; 2 Bedroom: $900/mo.) Utilities are split and tenants pay their own electricity. Owner pays for water/sewer/trash (about $635/qr.), taxes $4,500, Ins. $1,400. Parking for tenants/visitors is on 2nd Street and the borough allows a few spaces to be used across the street at the park. Please Note: *Basement is listed as a crawl space, but there is a partial walk out basement as well (bilco doors) which houses all of the utilities. **Public records states this property is within a flood zone and that is incorrect. Please see FEMA LOMA under documents.**
  • Special Features: None

Interior Features

  • Flooring Type: Luxury Vinyl Plank, Carpet
  • Interior Amenities: Attic
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1448
  • Living Area Sq Ft: 1448
  • Price Per Sq Ft: 205.80
  • Above Grade Finished Sq Ft: 1448
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 238

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Sidewalks
  • Spa: No
  • 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
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Security: Motion Detectors
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Monthly Water Average: 43
  • Water Previous Twelve Months: 515.00
  • Water Source: Public

Schools

  • School District: POTTSTOWN
  • School District Key: 300200397038
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.13
  • Lot Dimensions: 84.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5664.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL - MULTI-UNIT

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Lawn/Shrub Care, Pest Control, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 29400.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3150.00
  • Tax Annual Amount: 4566.00
  • Assessor Parcel Number: 16-00-19848-008
  • Tax Lot: 53
  • Tax Total Finished Sq Ft: 1448
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/30/2024

Multi Family

  • Gross Income: 29400.00
  • Gross Scheduled Income: 29400.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2019
Sold by
Dipaola Holdings Llc
Bought by
Jackson Marlo
Current Estimated Value
$284,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,500
Outstanding Balance
$120,579
Interest Rate
5.12%
Mortgage Type
FHA
Estimated Equity
$164,416

Purchase Details

Listed on
Mar 26, 2018
Closed on
May 30, 2018
Sold by
Hopeful Properties Llc
Bought by
Di Paola Holdings Llc
Seller's Agent
DAN DEMERS
Sell Your Home Services
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$88,900
Sold Price
$70,000
Premium/Discount to List
-$18,900
-21.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.05%
Original Mortgage
$73,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2017
Sold by
Wells Fargo Bank Na
Bought by
Hopeful Properties Llc

Purchase Details

Closed on
Dec 7, 2016
Sold by
Wells Fargo Bank Na
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 19, 2009
Sold by
Robles Pedro A and Robles Nancy J
Bought by
Raser Harry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
4.86%

Purchase Details

Closed on
May 20, 2004
Sold by
Robles Pedro A
Bought by
Robles Pedro A and Robles Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.94%

Purchase Details

Closed on
Jul 28, 2000
Sold by
Rinehart Leslie and Rinehart Karen
Bought by
Robles Pedro A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jackson Marlo $138,000 None Available
Di Paola Holdings Llc $65,000 None Available
Hopeful Properties Llc $44,900 None Available
Wells Fargo Bank Na $1,907 None Available
Raser Harry W $121,000 None Available
Robles Pedro A -- --
Robles Pedro A $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Marlo $135,500
Previous Owner Di Paola Holdings Llc $73,000
Previous Owner Raser Harry W $118,750
Previous Owner Robles Pedro A $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $298,000 0.0% $206 / Sq Ft
03/09/2024 03/09/24 For Sale $298,000 +325.7% $206 / Sq Ft
05/31/2018 05/31/18 Sold $70,000 -16.6% $48 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $83,900 -5.6% $58 / Sq Ft
03/26/2018 03/26/18 For Sale $88,900 -- $61 / 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 $4,607 $75,080 $31,510 $43,570
2024 $4,607 $75,080 $31,510 $43,570
2023 $4,545 $75,080 $31,510 $43,570
2022 $4,522 $75,080 $31,510 $43,570
2021 $4,470 $75,080 $31,510 $43,570
2020 $4,391 $75,080 $31,510 $43,570
2019 $4,291 $75,080 $31,510 $43,570
2018 $3,050 $75,080 $31,510 $43,570
2017 $4,012 $75,080 $31,510 $43,570
2016 $3,983 $75,080 $31,510 $43,570
2015 $3,981 $75,080 $31,510 $43,570
2014 $3,958 $75,080 $31,510 $43,570
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC2093584

Bright MLS

APN: 16-00-19848-008