Seller's Agent in 2024
Ryan McLaughlin
KW Empower
(215) 498-4379
3 in this area
68 Total Sales
326 Cherry St Norristown, PA 19401
Estimated Value: $222,000 - $256,517
--
Bed
3
Baths
1,896
Sq Ft
$124/Sq Ft
Est. Value
About This Home
As of July 2024326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort.
Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard.
The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards.
Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2,485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio.
Schedule your showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,541
Year Built
- Built in 1850
Lot Details
- 976 Sq Ft Lot
- Lot Dimensions are 16.00 x 0.00
- Property is in average condition
Parking
- On-Street Parking
Home Design
- Duplex
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 1,896 Sq Ft Home
- Luxury Vinyl Plank Tile Flooring
- Basement Fills Entire Space Under The House
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 13-00-07600-001
Community Details
Overview
- 2 Units
- Norristown Subdivision
Building Details
- 1 Vacant Unit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 28, 2017
Closed on
May 25, 2018
Sold by
Nguyen Chris
Bought by
Parp Norristown Llc
Seller's Agent
Cindy Vu
Realty Mark Cityscape
Buyer's Agent
ABE Haupt
Elfant Wissahickon-Chestnut Hill
List Price
$125,000
Sold Price
$109,000
Premium/Discount to List
-$16,000
-12.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,498
Avg. Annual Appreciation
10.52%
Original Mortgage
$87,200
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 6, 2015
Closed on
Jul 15, 2015
Sold by
Fannie Mae
Bought by
Nguyen Chris
Seller's Agent
Mark Lawson
Diversified Realty Solutions
Buyer's Agent
Sonja Wayns
Diversified Realty Solutions
List Price
$35,000
Sold Price
$20,500
Premium/Discount to List
-$14,500
-41.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.10%
Purchase Details
Closed on
Nov 21, 2014
Sold by
Conlen Robert P and Cero Conlen Susan
Bought by
Federal National Mortgage Association
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parp Norristown Llc | $109,000 | None Available | |
| Nguyen Chris | $20,500 | None Available | |
| Federal National Mortgage Association | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rehab Rental Group Llc | $372,000 | |
| Closed | Rehab Rental Group Llc | $222,500 | |
| Closed | Parp Norristown Llc | $176,000 | |
| Closed | Parp Norristown Llc | $87,200 | |
| Previous Owner | Nguyen Christopher | $42,283 | |
| Previous Owner | Conlen Robert P | $22,000 | |
| Previous Owner | Conlen Robert P | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2024 07/22/24 | Sold | $225,000 | -2.2% | $119 / Sq Ft |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | Price Changed | $230,000 | -6.1% | $121 / Sq Ft |
| 05/21/2024 05/21/24 | For Sale | $245,000 | +124.8% | $129 / Sq Ft |
| 05/25/2018 05/25/18 | Sold | $109,000 | -4.4% | $57 / Sq Ft |
| 04/02/2018 04/02/18 | Pending | -- | -- | -- |
| 03/19/2018 03/19/18 | Price Changed | $114,000 | -0.4% | $60 / Sq Ft |
| 01/16/2018 01/16/18 | Price Changed | $114,500 | -0.4% | $60 / Sq Ft |
| 01/02/2018 01/02/18 | Price Changed | $115,000 | -7.6% | $61 / Sq Ft |
| 12/20/2017 12/20/17 | Price Changed | $124,500 | -0.4% | $66 / Sq Ft |
| 11/28/2017 11/28/17 | For Sale | $125,000 | +509.8% | $66 / Sq Ft |
| 07/23/2015 07/23/15 | Sold | $20,500 | -41.4% | $11 / Sq Ft |
| 07/02/2015 07/02/15 | Pending | -- | -- | -- |
| 04/06/2015 04/06/15 | For Sale | $35,000 | -- | $18 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,530 | $41,230 | $15,460 | $25,770 |
| 2023 | $2,508 | $41,230 | $15,460 | $25,770 |
| 2022 | $2,454 | $41,230 | $15,460 | $25,770 |
| 2021 | $2,442 | $41,230 | $15,460 | $25,770 |
| 2020 | $2,330 | $41,230 | $15,460 | $25,770 |
| 2019 | $2,287 | $41,230 | $15,460 | $25,770 |
| 2018 | $1,522 | $41,230 | $15,460 | $25,770 |
| 2017 | $2,100 | $41,230 | $15,460 | $25,770 |
| 2016 | $2,085 | $41,230 | $15,460 | $25,770 |
| 2015 | $2,035 | $41,230 | $15,460 | $25,770 |
| 2014 | -- | $41,230 | $15,460 | $25,770 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
David Sawyer
Homestarr Realty
(267) 921-5033
13 in this area
37 Total Sales
-
Seller's Agent in 2018
Cindy Vu
Realty Mark Cityscape
(412) 915-2662
6 Total Sales
-
Buyer's Agent in 2018
ABE Haupt
Elfant Wissahickon-Chestnut Hill
(610) 996-3405
3 in this area
258 Total Sales
-
Seller's Agent in 2015
Mark Lawson
Diversified Realty Solutions
(215) 248-4444
4 in this area
99 Total Sales
-
Buyer's Agent in 2015
Sonja Wayns
Diversified Realty Solutions
(267) 625-3479
1 in this area
135 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2105268
APN: 13-00-07600-001
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