Seller's Agent in 2020
Mark Jermyn
Keller Williams Real Estate -Exton
(610) 529-7693
6 Total Sales
Estimated Value: $496,000 - $799,000
--
Bed
2
Baths
1,526
Sq Ft
$438/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- No HOA
- 3-minute walk to Warren Filipone Memorial Park
- Wayne Elementary School Rated A+
- Hot Water Heating System
About This Home
As of January 2020Great investment opportunity in the heart of Wayne! This charming cape is only steps to multiple parks, close to Septa's Strafford station, the Radnor Trail, shops and restaurants. The current owner has meticulously maintained this turn-key duplex with a solid rental history. The main floor unit has two bedrooms and one bath. It features a wood-burning fireplace and front porch that rents for $1500/month. The upstairs unit rents for $1000/month. This unit has one bedroom and one bath. This unit has a family room, eat-in kitchen and a spacious balcony. Both units are on an annual lease up to March 2020. Each unit has its own washer and dryer. Tenants pay their own electric. The owner pays water, sewer and trash. With annual expenses of $2700, this investment property has a solid 6.4% cap rate. Both units are currently under market value for rents in this area. Not interested in being a landlord? This spacious house can be easily converted back to a single-family home that could support 4 bedrooms and 2 plus bathrooms. Run the comps for single-family homes and you will see that this is a solid investment. Either way, this property is sure to produce an attractive ROI.
Last Agent to Sell the Property
(610) 529-7693 mjermyn@kw.com Keller Williams Real Estate -Exton License #RS299407 Listed on: 11/20/2019
Last Buyer's Agent
(267) 872-2874 connor@ocfrealty.com Premier Property Management & Realty LLC License #RM425529
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,504
Year Built
- Built in 1955
Lot Details
- 7,623 Sq Ft Lot
- Lot Dimensions are 66.00 x 160.00
Home Design
- Duplex
- Converted Dwelling
- Shingle Roof
- Stucco
Interior Spaces
- 1,526 Sq Ft Home
- 1 Fireplace
- Basement Fills Entire Space Under The House
Parking
- Driveway
- On-Street Parking
Schools
- Wayne Elementary School
- Radnor Middle School
- Radnor High School
Utilities
- Hot Water Heating System
- Above Ground Utilities
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for insurance, sewer, trash collection
- Tax Lot 220-000
- Assessor Parcel Number 36-06-03442-00
Community Details
Overview
- No Home Owners Association
- 2 Units
- 2-Story Building
Building Details
- Insurance Expense $1,300
- Trash Expense $320
- Net Operating Income $27,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2019
Closed on
Jan 17, 2020
Sold by
Rios Marcos and Rios Jill A
Bought by
Gallagher Daniel Joseph
Seller's Agent
Mark Jermyn
Keller Williams Real Estate -Exton
Buyer's Agent
Connor Eichman
Premier Property Management & Realty LLC
List Price
$425,000
Sold Price
$432,950
Premium/Discount to List
$7,950
1.87%
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
$193,074
Avg. Annual Appreciation
7.62%
Original Mortgage
$425,107
Outstanding Balance
$376,609
Interest Rate
3.74%
Mortgage Type
FHA
Estimated Equity
$291,171
Purchase Details
Closed on
Sep 15, 2008
Sold by
Rios Marcos and Rios Jill A
Bought by
Rios Marcos and Rios Jill A
Purchase Details
Closed on
Jul 12, 2004
Sold by
Mullaney Ann B and Wood Patricia C
Bought by
Rios Marcos and Rios Jill A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gallagher Daniel Joseph | $432,950 | None Available | |
| Rios Marcos | -- | None Available | |
| Rios Marcos | $251,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gallagher Daniel Joseph | $425,107 | |
| Previous Owner | Rios Marcos | $151,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $432,950 | +1.9% | $284 / Sq Ft |
| 12/04/2019 12/04/19 | Pending | -- | -- | -- |
| 11/20/2019 11/20/19 | For Sale | $425,000 | -- | $279 / 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 |
|---|---|---|---|---|
| 2025 | $8,297 | $410,370 | $131,210 | $279,160 |
| 2024 | $8,297 | $410,370 | $131,210 | $279,160 |
| 2023 | $7,968 | $410,370 | $131,210 | $279,160 |
| 2022 | $7,881 | $410,370 | $131,210 | $279,160 |
| 2021 | $12,659 | $410,370 | $131,210 | $279,160 |
| 2020 | $5,544 | $159,360 | $64,440 | $94,920 |
| 2019 | $5,387 | $159,360 | $64,440 | $94,920 |
| 2018 | $5,282 | $159,360 | $0 | $0 |
| 2017 | $5,171 | $159,360 | $0 | $0 |
| 2016 | $892 | $159,360 | $0 | $0 |
| 2015 | $892 | $159,360 | $0 | $0 |
| 2014 | $892 | $159,360 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Jermyn
-
Connor Eichman
Buyer's Agent in 2020
Connor Eichman
Premier Property Management & Realty LLC
(267) 872-2874
52 Total Sales
Map
Source: Bright MLS
MLS Number: PADE503958
APN: 36-06-03442-00
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