$320,000
SOLD MAY 2, 2014

252 W Walnut St Kutztown, PA 19530

-- Bed
-- Bath
1,760 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$182 Per Sq Ft

9% Below List Price

132 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Hot Water Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • Asbestos

About This Home

As of September 2024

Unique opportunity to purchase a boarding house in Kutztown that is currently rented by 7 Kutztown University students and is grandfathered to always allow for that. Property is rented for the remainder of the 2013-2014 school year and the entire 2014-2015 school year. Rent is $2500 per student per semester. 4 Br's, 2 full baths, full eat-in kitchen, replacement windows, new hot water heater in 2013, new roof within the past 10 years, 2 car detached garage (not currently rented). rented by the Borough in Summer of 2013. Don't wait to check out this investment opportunity...call today.

Last Agent to Sell the Property

Darren Kostival

RE/MAX Of Reading License #RS226398 Listed on: 12/03/2013

RE/MAX Of Reading

Last Buyer's Agent

William Beards

Springer Realty Group

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,497

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Asbestos

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,760 Sq Ft Home
  • Replacement Windows
  • Laundry in unit

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Utilities

  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8126
  • Assessor Parcel Number 55-5443-12-77-8126

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,573
  • Maintenance Expense $785
  • Other Expense $253
  • Operating Expense $6,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,497

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Washer, Dryer
  • New Construction: No
  • Other Expense: 253.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Unique opportunity to purchase a boarding house in Kutztown that is currently rented by 7 Kutztown University students and is grandfathered to always allow for that. Property is rented for the remainder of the 2013-2014 school year and the entire 2014-2015 school year. Rent is $2500 per student per semester. 4 Br's, 2 full baths, full eat-in kitchen, replacement windows, new hot water heater in 2013, new roof within the past 10 years, 2 car detached garage (not currently rented). rented by the Borough in Summer of 2013. Don't wait to check out this investment opportunity...call today.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Dirt Floor
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry
  • Total Sq Ft: 1760
  • Living Area Sq Ft: 1760
  • Price Per Sq Ft: 193.13
  • Above Grade Finished Sq Ft: 1760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 252

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: KUTZTOWN AREA
  • School District Key: 300200397316

Lot Info

  • Improvement Assessed Value: 51500.00
  • Land Assessed Value: 36000.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 35000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1528052
  • Tax Annual Amount: 3497.00
  • Assessor Parcel Number: 55-5443-12-77-8126
  • Tax Lot: 8126
  • Tax Year: 2014
  • Close Date: 05/02/2014

MLS Schools

  • School District Name: KUTZTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2024
Closed on
Sep 4, 2024
Sold by
Autumn Blaze Llc
Bought by
Noecker Jordan Sage
Seller's Agent
William Beards
Springer Realty Group
Buyer's Agent
Dave Mattes
RE/MAX Of Reading
List Price
$250,000
Sold Price
$247,500
Premium/Discount to List
-$2,500
-1%
Total Days on Market
132
Views
133
Current Estimated Value
$246,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$526
Avg. Annual Appreciation
-0.31%
Original Mortgage
$235,125
Outstanding Balance
$233,604
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$13,370

Purchase Details

Listed on
Dec 3, 2013
Closed on
May 2, 2014
Sold by
607 Properties Llc
Bought by
Autumn Blaze Llc
Seller's Agent
Darren Kostival
RE/MAX Of Reading
Buyer's Agent
William Beards
Springer Realty Group
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.44%
Original Mortgage
$240,000
Interest Rate
4.41%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 29, 2001
Sold by
Zimmerman Shirley M
Bought by
607 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.18%
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
Deed $247,500 Signature Abstract
Deed $320,000 Conestoga Title Insurance
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,125 New Conventional
Previous Owner $240,000 Future Advance Clause Open End Mortgage
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $10,000 Credit Line Revolving
Previous Owner $85,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $247,500 -1.0% $141 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $250,000 -21.9% $142 / Sq Ft
05/02/2014 05/02/14 Sold $320,000 -8.5% $182 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
12/03/2013 12/03/13 For Sale $349,900 -- $199 / 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 $1,287 $87,500 $36,000 $51,500
2024 $3,832 $87,500 $36,000 $51,500
2023 $3,693 $87,500 $36,000 $51,500
2022 $3,693 $87,500 $36,000 $51,500
2021 $3,693 $87,500 $36,000 $51,500
2020 $3,693 $87,500 $36,000 $51,500
2019 $3,650 $87,500 $36,000 $51,500
2018 $3,650 $87,500 $36,000 $51,500
2017 $3,625 $87,500 $36,000 $51,500
2016 $984 $87,500 $36,000 $51,500
2015 $984 $87,500 $36,000 $51,500
2014 $984 $87,500 $36,000 $51,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003669248

Bright MLS

APN: 55-5443-12-77-8126