NOT LISTED FOR SALE

3219 Ridge Pike Norristown, PA 19403

Estimated Value: $838,675

-- Bed
2 Baths
-- Sq Ft
0.87 Acres

Last Sold November 28, 2016

Last sale price $485,000

Est. 73% increase in value since last sale

Current estimated payment $5,664/month

Highlights

  • 0.87 Acre Lot
  • No HOA
  • Parking Storage or Cabinetry
  • Skyview Upper Elementary School Rated A-
  • 4 Car Detached Garage
  • En-Suite Primary Bedroom

About This Home

As of November 2016

Just Listed! Huge upside potential with this 6 Unit + Shop/garage in Methacton School District, in an PRIME location! All 6 units currently rented and shop is vacant, once rented see your Cap Rate increase! All units w/ private entrances, plenty of parking, lots of storage, endless possibilities w/ shop/garage. New windows throughout most of the units. Property has been lovingly maintained through the years by the owners, for more information please see attached documents. *Washer/dryer in 1st floor unit of home. Other units do not have laundry.

Last Agent to Sell the Property

Kathleen Lomonaco

Realty One Group Restore - Collegeville License #AB068586 Listed on: 09/28/2016

Realty One Group Restore - Collegeville

Co-Listed By

Thomas McCouch

Keller Williams Realty Group

Last Buyer's Agent

Cheryl Korkus

Coldwell Banker Realty License #RS223812L

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,942

Year Built

  • Built in 1950

Lot Details

  • 0.87

Parking

  • 4 Car Detached Garage
  • 8 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Attic

  • Storage In Attic

Schools

  • Methacton High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Oil
  • Oil Water Heater
  • On Site Septic

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Partial Basement
  • 0.87 Acre Lot

Listing and Financial Details

  • Tax Lot 034
  • Assessor Parcel Number 43-00-11977-004

Community Details

Overview

  • No Home Owners Association
  • Norristown Subdivision

Building Details

  • Electric Expense $560
  • Insurance Expense $3,035
  • Other Expense $900
  • Operating Expense $27,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,942

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • Exclusions: Owner Will Be Removing Shed, Washer/Dryer In Downstairs Unit.
  • Inclusions: Refrigerators In 'as Is' Condition
  • New Construction: No
  • Other Expense: 900.00
  • Storage: Basement, Attic, Garage
  • Year Built: 1950
  • Remarks Public: Just Listed! Huge upside potential with this 6 Unit + Shop/garage in Methacton School District, in an PRIME location! All 6 units currently rented and shop is vacant, once rented see your Cap Rate increase! All units w/ private entrances, plenty of parking, lots of storage, endless possibilities w/ shop/garage. New windows throughout most of the units. Property has been lovingly maintained through the years by the owners, for more information please see attached documents. *Washer/dryer in 1st floor unit of home. Other units do not have laundry.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Washer In Unit
  • Street Number Modifier: 3219

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 8
  • Parking Features: Private
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Annual Heating Expense: 7525.00
  • Central Air Conditioning: No
  • Electric Expense: 560.00
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Oil, Gas
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer, On Site Septic
  • Water Sewer Expenses: 3753.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: METHACTON
  • High School: METHACTON
  • School District Key: 300200397031
  • High School: METHACTON

Lot Info

  • Land Use Code: 3321
  • Lot Size Acres: 0.87
  • Lot Dimensions: 135
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 38070.00
  • Zoning: GC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 68340.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 752916
  • Tax Annual Amount: 11942.00
  • Assessor Parcel Number: 43-00-11977-004
  • Tax Lot: 034
  • Tax Year: 2016
  • Close Date: 11/28/2016

MLS Schools

  • School District Name: METHACTON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2016
Closed on
Nov 28, 2016
Sold by
Weakland Donald and Diane Weakland S
Bought by
Romano Richard R
Seller's Agent
Kathleen Lomonaco
Realty One Group Restore - Collegeville
Buyer's Agent
Cheryl Korkus
Coldwell Banker Realty
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$838,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,675
Avg. Annual Appreciation
6.41%
Original Mortgage
$376,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 1994
Sold by
Weakland S Diane
Bought by
Weakland Donald and Diane Weakland S
Source: Public Records

Range of Values:

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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
Romano Richard R $485,000 None Available
Weakland Donald -- --
Weakland S Diane -- --
Estate Of Sylvia M Koons -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romano Richard R $350,000
Open Romano Richard R $800,000
Closed Romano Richard R $376,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $485,000 0.0% --
10/03/2016 10/03/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $485,000 -- --
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 $14,339 $351,600 $182,670 $168,930
2024 $14,339 $351,600 $182,670 $168,930
2023 $13,796 $351,600 $182,670 $168,930
2022 $13,419 $351,600 $182,670 $168,930
2021 $13,074 $351,600 $182,670 $168,930
2020 $12,768 $351,600 $182,670 $168,930
2019 $7,725 $351,600 $182,670 $168,930
2018 $12,650 $351,600 $182,670 $168,930
2017 $12,080 $351,600 $182,670 $168,930
2016 $11,942 $351,600 $182,670 $168,930
2015 $11,647 $351,600 $182,670 $168,930
2014 $11,478 $351,600 $182,670 $168,930
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Lomonaco

    Seller's Agent in 2016

    Kathleen Lomonaco

    Realty One Group Restore - Collegeville

    (610) 451-0510

    74 Total Sales

    Kathleen Lomonaco
    Section Image
  • Thomas McCouch

    Seller Co-Listing Agent in 2016

    Thomas McCouch

    Keller Williams Realty Group

    (610) 574-9272

    113 Total Sales

    Thomas McCouch
    Section Image

  • C

    Buyer's Agent in 2016

    Cheryl Korkus

    Coldwell Banker Realty

    (267) 419-1435

    1 in this area

    61 Total Sales

    Cheryl Korkus
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002474864

Bright MLS

APN: 43-00-11977-004

Pennsylvania Montgomery County Norristown 19403

3219 Ridge Pike, Norristown, PA

This home is located at 3219 Ridge Pike, Norristown, PA 19403 since 28 September 2016 and is currently estimated at $838,675. This property was built in 1950. 3219 Ridge Pike is a home located in Montgomery County with nearby schools including Eagleville Elementary School, Skyview Upper Elementary School, and Arcola Intermediate School.

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