NOT LISTED FOR SALE

291 S Devon Ave Wayne, PA 19087

Wayne Area

Estimated Value: $473,000 - $651,481

Studio
2 Baths
1,526 Sq Ft
$369/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2020

Last sale price $432,950 $284 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,659 / mo

14 Days on Market

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 2020

Great 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

Mark Jermyn

(610) 363-4300 klrw331@kw.com Keller Williams Real Estate -Exton License #RS299407 Listed on: 11/20/2019

Keller Williams Real Estate -Exton

Last Buyer's Agent

Connor Eichman

(610) 924-7284 connoreichmanre@gmail.com Premier Property Management & Realty LLC License #RM425529

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

  • Heating System Uses Natural Gas
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,504

Year Built

Built in 1955

Lot Details

7,623 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2019-11-22
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1526
  • Living Area Sq Ft: 1526
  • Price Per Sq Ft: 278.51
  • Above Grade Finished Sq Ft: 1526
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv Available
  • Water Previous Twelve Months: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: WAYNE
  • High School: RADNOR
  • Middle Or Junior School: RADNOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 94920.00
  • Land Assessed Value: 64440.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 66.00 x 160.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7623.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Sewer, Trash Collection
  • Total Actual Rent: 30000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 536882
  • School Tax: 3971.00
  • Tax Annual Amount: 5504.00
  • Assessor Parcel Number: 36-06-03442-00
  • Tax Lot: 220-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 30000.00

MLS Schools

  • School District Name: RADNOR TOWNSHIP

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Wayne, PA

  • Angela Berke Real Estate Agent - Keller Williams Main Line

    Angela Berke

    Keller Williams Main Line

    (856) 501-5300

    45 Total Sales

    1 in Wayne

    $600,000 Price

    Angela Berke
     Section Image
  • Anne Townes Real Estate Agent - Compass RE

    Anne Townes

    Compass RE

    (484) 755-3794

    84 Total Sales

    2 in Wayne

    $399K - $3.4M Price Range

    Anne Townes
     Section Image
  • Kristen Pavillard Real Estate Agent - BHHS Fox & Roach Malvern-Paoli

    Kristen Pavillard

    BHHS Fox & Roach Malvern-Paoli

    (484) 882-0762

    23 Total Sales

    1 in Wayne

    $625,000 Price

    Kristen Pavillard
     Section Image
  • Erica Deuschle Real Estate Agent - Keller Williams Main Line

    Erica Deuschle

    Responds Quickly

    Keller Williams Main Line

    (610) 463-0417

    1,472 Total Sales

    7 in Wayne

    $603K - $1.9M Price Range

    Erica Deuschle
     Section Image
  • Dana Felt Real Estate Agent - Keller Williams Realty Devon-Wayne

    Dana Felt

    Keller Williams Realty Devon-Wayne

    (610) 897-0828

    50 Total Sales

    1 in Wayne

    $439,000 Price

    Dana Felt
     Section Image
  • Debbie McCabe Real Estate Agent - BHHS Fox & Roach Wayne-Devon

    Debbie McCabe

    BHHS Fox & Roach Wayne-Devon

    (484) 572-3846

    22 Total Sales

    1 in Wayne

    $435,000 Price

    Debbie McCabe
     Section Image
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Agents Affiliated with this Home

  • Mark Jermyn Real Estate Agent - Keller Williams Real Estate -Exton

    Seller's Agent in 2020

    Mark Jermyn

    Keller Williams Real Estate -Exton

    (610) 529-7693

    6 Total Sales

    Mark Jermyn
    Section Image
  • Connor Eichman Real Estate Agent - Premier Property Management & Realty LLC

    Buyer's Agent in 2020

    Connor Eichman

    Premier Property Management & Realty LLC

    (267) 872-2874

    47 Total Sales

    Connor Eichman
    Section Image
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Map

Source: Bright MLS

MLS Number: PADE503958

Bright MLS

APN: 36-06-03442-00

Pennsylvania Delaware County Wayne 19087

291 S Devon Ave, Wayne, PA

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