NOT LISTED FOR SALE

311 E 2nd St Lansdale, PA 19446

Estimated Value: $366,000 - $406,000

-- Bed
2 Baths
1,605 Sq Ft
$243/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $330,000 $206 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,462/month

Highlights

  • Colonial Architecture
  • 2 Car Detached Garage
  • Hot Water Baseboard Heater
  • North Penn Senior High School Rated A
  • Parking Storage or Cabinetry
  • 2-minute walk to Memorial Park

About This Home

As of September 2022

Fantastic Investment Opportunity! Well maintained Duplex in the heart of Lansdale. Two units currently rented month to month by long term tenants. Rents are below market value. Tenants share the full basement with Laundry hook-up (tenants supply washer/dryers), and lots of storage area. The detached Garage has a 2nd level for additional storage and is currently used by the Landlord, but it could be rented out as a third unit. Everything is separate. Tenants pay all utilities, including water/sewer. Plenty of off street parking. Call to make your appointment today!

Last Agent to Sell the Property

Nick Raimo

(215) 896-4949 nick@nickraimo.com Keller Williams Real Estate-Montgomeryville License #RS287867 Listed on: 07/25/2022

Keller Williams Real Estate-Montgomeryville

Last Buyer's Agent

Greg Linberg

(610) 331-0043 linberghomes@gmail.com HomeSmart Nexus Realty Group - Blue Bell

HomeSmart Nexus Realty Group - Blue Bell

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,274

Year Built

  • Built in 1950

Lot Details

  • 5,937 Sq Ft Lot
  • Lot Dimensions are 50.00 x 0.00

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Off-Street Parking

Home Design

  • 1,605 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Vinyl Siding

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for real estate taxes, trash collection, insurance
  • Tax Lot 18
  • Assessor Parcel Number 11-00-14288-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,274

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-07-25
  • Year Built: 1950
  • Automatically Close On Close Date: Yes
  • Remarks Public: Fantastic Investment Opportunity! Well maintained Duplex in the heart of Lansdale. Two units currently rented month to month by long term tenants. Rents are below market value. Tenants share the full basement with Laundry hook-up (tenants supply washer/dryers), and lots of storage area. The detached Garage has a 2nd level for additional storage and is currently used by the Landlord, but it could be rented out as a third unit. Everything is separate. Tenants pay all utilities, including water/sewer. Plenty of off street parking. Call to make your appointment today!
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 1605
  • Living Area Sq Ft: 1605
  • Price Per Sq Ft: 218.07
  • Above Grade Finished Sq Ft: 1605
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 311

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • 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
  • Garage Features: Additional Storage Area, Garage - Side Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: NORTH PENN
  • School District Key: 300200397039
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5937.00
  • Year Assessed: 2022
  • Zoning: DUPLEX

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Taxes - Real Estate, Trash Collection, Insurance
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 609916
  • School Tax: 3133.00
  • Tax Annual Amount: 4274.00
  • Assessor Parcel Number: 11-00-14288-002
  • Tax Lot: 18
  • Tax Total Finished Sq Ft: 1605
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 09/14/2022

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: NORTH PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 14, 2022
Sold by
Rio Carl
Bought by
Braunworth Shane Denison
Seller's Agent
Nick Raimo
Keller Williams Real Estate-Montgomeryville
Buyer's Agent
Greg Linberg
HomeSmart Nexus Realty Group - Blue Bell
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%
Views
29
Current Estimated Value
$390,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,261
Avg. Annual Appreciation
5.67%
Original Mortgage
$324,022
Outstanding Balance
$308,909
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$81,352

Purchase Details

Closed on
Jan 19, 1994
Sold by
Mitchell Donald M
Bought by
Rio Carl and Rio Dolores
Source: Public Records

Range of Values:

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Average Value
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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
Braunworth Shane Denison $330,000 --
Rio Carl $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Braunworth Shane Denison $324,022
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $330,000 -5.7% $206 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $350,000 -- $218 / 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 $4,719 $112,200 -- --
2024 $4,719 $112,200 -- --
2023 $4,414 $112,200 $0 $0
2022 $4,275 $112,200 $0 $0
2021 $4,100 $112,200 $0 $0
2020 $3,977 $112,200 $0 $0
2019 $3,911 $112,200 $0 $0
2018 $1,049 $112,200 $0 $0
2017 $3,651 $112,200 $0 $0
2016 $3,607 $112,200 $0 $0
2015 $3,348 $112,200 $0 $0
2014 $3,348 $112,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2046240

Bright MLS

APN: 11-00-14288-002