Seller's Agent in 2021
ANDREW J. BORSTEIN
Springer Realty Group
(215) 262-9841
3 in this area
27 Total Sales
241 W 3rd Ave Conshohocken, PA 19428
Estimated Value: $541,575 - $582,000
--
Bed
2
Baths
1,948
Sq Ft
$288/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- 3-minute walk to 2nd Avenue Park
- Conshohocken Elementary School Rated A
- Hot Water Heating System
About This Home
As of August 2021An awesome investment opportunity has become available in the heart of Conshohocken Borough. This large detached duplex will become a standout portfolio investment for a sound investor or owner occupant alike. Two large units with large shared lower level space sit on one of the better lots on a very quiet street surrounded by pride in ownership and new construction. Duplexs and multi-units are becoming hard to come by in the Conshohocken Market and for obvious reasons, growth potential and localized redevelopment...get in now. Unit one consists of 3 bedrooms with tons of storage, a huge kitchen, and a very bright and spacious living room which leads to a huge two tiered deck and massive rear fenced in yard. The second and Third floors make up a large 2 bedroom unit with a great kitchen and open concept living. The lower level houses the split mechanicals, shared storage, and shared laundry hook ups. Currently the 2nd floor 2 bedroom unit is rented by a long term tenant that pays $1050 / month and the larger 3 bedroom lower unit was recently vacated but that tenant was paying $1250.... as is both of these rental figures are/were below current market rates, but with some updating of the units both rents could be substantially higher. This property is ready to go, but could benefit form some updating to make it an even stronger investment long term, with the right vision and updates the property will produce excellent cash flow. The location of this property towards the end of a very quiet street also happens to be a very quick walk to all that Conshohocken offers... entertainment, shopping, local events, and amazing commuting options. There is tons of off street parking which your tenants will appreciate and there is room to expand the living spaces if your imagination takes the property in that direction. Each units utilities are already separated and have been paid for by the tenants in the past. 241 w 3rd Avenue is a strong investment in an ever growing market come take a look and appreciate this potential portfolio addition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,781
Year Built
- Built in 1930
Lot Details
- 2,800 Sq Ft Lot
- Lot Dimensions are 20.00 x 0.00
- Property is in average condition
Parking
- Off-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Architectural Shingle Roof
Interior Spaces
- 1,948 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Hot Water Heating System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- 2 Units
- 4-Story Building
Listing and Financial Details
- The owner pays for lawn/shrub care, insurance, repairs, sewer, water
- Tax Lot 023
- Assessor Parcel Number 05-00-11368-003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2021
Closed on
Aug 23, 2021
Sold by
Johnstone Thomas and Johnstone Kathleen
Bought by
West Elm Alley 2 Llc
Seller's Agent
ANDREW J. BORSTEIN
Springer Realty Group
Buyer's Agent
Ashley Bonelli
Compass RE
List Price
$414,900
Sold Price
$445,000
Premium/Discount to List
$30,100
7.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,991
Avg. Annual Appreciation
6.83%
Purchase Details
Closed on
Sep 22, 2005
Sold by
Moore Kathleen and Johnstone Thomas
Bought by
Johnstone Thomas and Johnstone Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.81%
Purchase Details
Closed on
Mar 7, 2003
Sold by
Moore Donald E and Moore Maryanne C
Bought by
Moore Kathleen C
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| West Elm Alley 2 Llc | $445,000 | None Available | |
| Johnstone Thomas | -- | Transcontinental Title Co | |
| Moore Kathleen C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | West Elm Alley-2 Llc | $300,000 | |
| Previous Owner | Johnstone Kathleen | $177,760 | |
| Previous Owner | Johnstone Thomas K | $65,000 | |
| Previous Owner | Johnstone Thomas | $188,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2021 08/30/21 | Sold | $445,000 | +7.3% | $228 / Sq Ft |
| 06/18/2021 06/18/21 | Pending | -- | -- | -- |
| 06/16/2021 06/16/21 | For Sale | $414,900 | -- | $213 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,115 | $118,590 | $30,510 | $88,080 |
| 2023 | $3,975 | $118,590 | $30,510 | $88,080 |
| 2022 | $3,891 | $118,590 | $30,510 | $88,080 |
| 2021 | $3,781 | $118,590 | $30,510 | $88,080 |
| 2020 | $3,572 | $118,590 | $30,510 | $88,080 |
| 2019 | $3,471 | $118,590 | $30,510 | $88,080 |
| 2018 | $871 | $118,590 | $30,510 | $88,080 |
| 2017 | $3,358 | $118,590 | $30,510 | $88,080 |
| 2016 | $3,311 | $118,590 | $30,510 | $88,080 |
| 2015 | $3,258 | $118,590 | $30,510 | $88,080 |
| 2014 | $3,174 | $118,590 | $30,510 | $88,080 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Ashley Bonelli
Compass RE
(215) 350-2111
11 in this area
53 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2000522
APN: 05-00-11368-003
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