NOT LISTED FOR SALE

305 N Narberth Ave Narberth, PA 19072

Estimated Value: $575,000 - $976,469

Studio
3 Baths
2,767 Sq Ft
$304/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $699,000 $253 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,071/month

214 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 1 Fireplace
  • Belmont Hills El School Rated A+
  • Garden View
  • 4-minute walk to Sabine Park

About This Home

As of October 2020

Opportunity knocks in popular Narberth Boro. This three-unit, multi-family twin is located just a short stroll from the charming shops, restaurants, and R-5 train in downtown Narberth. Owned by the same family for three generations, it has been meticulously maintained and updated over the years. Currently used as a multi-family property, it could be easily converted to a private residence. The house sits on a corner lot with its own two-car garage, fenced yard, and private off-street parking. A welcoming wrap-around front porch is available for the enjoyment of the tenants. The first-floor unit, with its own two dedicated entrances, is 1,077 sq. ft. and includes an updated kitchen with white cabinets and granite countertops, large bedroom, full bath, washer/dryer closet, and large living/dining room. Beautiful inlaid hardwood floors and a working wood fireplace are features of the apartment. The second and third-floor units are accessed via their own front door. Unit 2 is 949 sq. ft., also with one bedroom, full bath, modern eat-in kitchen, living room, and small office. The third-floor unit is 741 sq. ft. with an updated kitchen, full bathroom, bedroom, and living room. A full basement with outside access is available for storage. Central air conditioning is another attractive feature of the property. These units have been consistently leased through the years, producing a reliable source of steady rental income. Perfectly located with a walk score of 83, award-winning Lower Merion Schools, and easy access to major highways and public transportation. This a great opportunity for both the investor or residential end-user. Also listed as Residential MLS #PAMC639608.

Last Agent to Sell the Property

Robin Pew

(610) 420-2900 robin.pew@gmail.com BHHS Fox & Roach Malvern-Paoli Listed on: 02/28/2020

BHHS Fox & Roach Malvern-Paoli

Last Buyer's Agent

Karen A. Emmons

(703) 598-4878 karentopagent@gmail.com EXP Realty, LLC License #2080574

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,010

Year Built

  • Built in 1909

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 57.00 x 0.00
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Lighted Parking
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Plaster Walls
  • Asphalt Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,767 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Replacement Windows
  • Garden Views
  • Gas Oven or Range
  • Stacked Washer and Dryer

Flooring

  • Wood
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Playground
  • Wrap Around Porch

Location

  • Suburban Location

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Oil
  • Radiant Heating System
  • Propane
  • Electric Water Heater
  • Municipal Trash
  • Multiple Phone Lines
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, lawn/shrub care, snow removal, real estate taxes, insurance, repairs, water
  • Tax Lot 014
  • Assessor Parcel Number 12-00-02761-008

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $3,516
  • Gross Income $36,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,010

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: 3 Refrigerators, Washer, Dryer
  • New Construction: No
  • Expected On Market: 2020-02-28
  • Year Built: 1909
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Washer, Washer/Dryer Stacked, Water Heater
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Ceiling Fan(s), Wood Floors
  • Window Features: Replacement
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Plaster Walls
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Sump Pump
  • Total Sq Ft: 2767
  • Living Area Sq Ft: 2767
  • Price Per Sq Ft: 252.62
  • Above Grade Finished Sq Ft: 2767
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Masonry, Vinyl Siding
  • Exterior Features: Play Area, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Spa: No
  • View: Garden/Lawn, Street
  • 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: Asphalt Driveway, Lighted Parking, Private
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Driveway, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Multiple Phone Lines, Cable Tv Available, Propane
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.16
  • Lot Dimensions: 57.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7187.00
  • Outdoor Living Structures: Porch(es), Wrap Around
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Trash Collection, Lawn/Shrub Care, Snow Removal, Taxes - Real Estate, Insurance, Repairs, Water
  • Rent Control: No
  • Total Actual Rent: 36540.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 5578.00
  • Tax Annual Amount: 8010.00
  • Assessor Parcel Number: 12-00-02761-008
  • Tax Lot: 014
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Gross Income: 36540.00
  • Gross Scheduled Income: 36540.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Oct 27, 2020
Sold by
Gallagher Tracy
Bought by
Devito Mario
Seller's Agent
Robin Pew
BHHS Fox & Roach Malvern-Paoli
Buyer's Agent
Karen A. Emmons
EXP Realty, LLC
List Price
$699,000
Sold Price
$699,000
Current Estimated Value
$840,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,156
Avg. Annual Appreciation
3.61%

Purchase Details

Closed on
Mar 24, 2015
Sold by
Gallagher Lucia
Bought by
Greer Tracy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Devito Mario $699,000 None Available
Greer Tracy -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2020 10/27/20 Sold $699,000 0.0% $253 / Sq Ft
10/01/2020 10/01/20 For Sale $699,000 0.0% $253 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/24/2020 09/24/20 Off Market $699,000 -- --
09/03/2020 09/03/20 Price Changed $699,000 -6.7% $253 / Sq Ft
07/14/2020 07/14/20 For Sale $749,000 +7.2% $271 / Sq Ft
03/18/2020 03/18/20 Off Market $699,000 -- --
02/28/2020 02/28/20 For Sale $749,000 -- $271 / 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 $8,657 $182,510 -- --
2024 $8,657 $182,510 -- --
2023 $8,339 $182,510 $0 $0
2022 $8,588 $182,510 $0 $0
2021 $8,041 $182,510 $0 $0
2020 $7,842 $182,510 $0 $0
2019 $7,721 $182,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC639558

Bright MLS

APN: 12-00-02761-008