NOT LISTED FOR SALE

312 W Fornance St Norristown, PA 19401

Estimated Value: $229,000 - $343,000

-- Bed
3 Baths
2,275 Sq Ft
$128/Sq Ft Est. Value

Last Sold July 06, 2018

Last sale price $65,000 $29 Per Sq Ft

Est. 347% increase in value since last sale

Current estimated payment $1,880/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Oil

About This Home

As of July 2018

Unique opportunity to purchase legal 3-unit apartment building with separate electric meters and independent hot water heaters Additional rental possibilities for rear garage and storage area above garage. Property needs some work. 314 W Fornance is also listed at $65,000 (2-units) The two homes have pass through connections which can remain in place to facilitate the sale of both properties to one buyer. Alternatively, the homes can be returned into two single family homes. HIGH STREET FINANCE (owner/private lender) may consider financing (investors only).

Last Agent to Sell the Property

Alan Hochman

(614) 670-2966 alan.j.hochman@gmail.com Alan J Hochman License #82989 Listed on: 05/16/2018

Last Buyer's Agent

Red Chahid

(610) 517-8000 redchahid@gmail.com Yellow Keys Realty, LLC License #RM425449

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,509 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,275 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway

Utilities

  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 029
  • Assessor Parcel Number 13-00-12084-008

Community Details

Overview

  • No Home Owners Association
  • Norristown Subdivision

Building Details

  • Operating Expense $5,878

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Unique opportunity to purchase legal 3-unit apartment building with separate electric meters and independent hot water heaters Additional rental possibilities for rear garage and storage area above garage. Property needs some work. 314 W Fornance is also listed at $65,000 (2-units) The two homes have pass through connections which can remain in place to facilitate the sale of both properties to one buyer. Alternatively, the homes can be returned into two single family homes. HIGH STREET FINANCE (owner/private lender) may consider financing (investors only).
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2275
  • Living Area Sq Ft: 2275
  • Price Per Sq Ft: 28.57
  • Above Grade Finished Sq Ft: 2275
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 312

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.10
  • Lot Dimensions: 35
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4509.00
  • Zoning: R1A

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 616010
  • Tax Annual Amount: 5878.00
  • Assessor Parcel Number: 13-00-12084-008
  • Tax Lot: 029
  • Tax Year: 2018
  • Close Date: 07/06/2018

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2019
Sold by
Krishnatry Gaurav and Krishnatry Anu Shilpa
Bought by
Krishnatry Gaurav and Krishnatry Anu Shilpa
Current Estimated Value
$290,667

Purchase Details

Listed on
May 16, 2018
Closed on
Jul 6, 2018
Sold by
Alanjhochman Lend Llc
Bought by
Krishnatry Gaurav and Krishnatry Shilpa
Seller's Agent
Alan Hochman
Alan J Hochman
Buyer's Agent
Red Chahid
Yellow Keys Realty, LLC
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.91%

Purchase Details

Closed on
Apr 24, 2018
Sold by
Montgomery County Sheriff
Bought by
Alan J Hochman Lend Llc

Purchase Details

Closed on
Aug 25, 2005
Sold by
Smith Mary E
Bought by
Smith Mary E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Krishnatry Gaurav -- None Available
Krishnatry Gaurav $128,600 None Available
Alan J Hochman Lend Llc $764,198 None Available
Smith Mary E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2018 07/06/18 Sold $65,000 0.0% $29 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $65,000 -- $29 / 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 $3,994 $65,070 -- --
2024 $3,994 $65,070 -- --
2023 $3,958 $65,070 $0 $0
2022 $3,873 $65,070 $0 $0
2021 $3,854 $65,070 $0 $0
2020 $3,677 $65,070 $0 $0
2019 $5,990 $107,990 $22,830 $85,160
2018 $3,987 $107,990 $22,830 $85,160
2017 $5,501 $107,990 $22,830 $85,160
2016 $5,459 $107,990 $22,830 $85,160
2015 $5,228 $107,990 $22,830 $85,160
2014 $5,228 $107,990 $22,830 $85,160
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alan Hochman

    Alan J Hochman

    (614) 670-2966

    2 in this area

    12 Total Sales

    Alan Hochman
    Section Image
  • Red Chahid

    Buyer's Agent in 2018

    Red Chahid

    Yellow Keys Realty, LLC

    (610) 517-8000

    105 in this area

    129 Total Sales

    Red Chahid
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001485084

Bright MLS

APN: 13-00-12084-008

Pennsylvania Montgomery County Norristown 19401

312 W Fornance St, Norristown, PA

This home is located at 312 W Fornance St, Norristown, PA 19401 since 16 May 2018 and is currently estimated at $290,667, approximately $127 per square foot. This property was built in 1920. 312 W Fornance St is a home located in Montgomery County with nearby schools including Hancock Elementary School, Charles Blockson Middle School, and East Norriton Middle School.

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