NOT LISTED FOR SALE

331 W Chestnut St West Chester, PA 19380

Estimated Value: $590,639 - $754,000

-- Bed
2 Baths
2,346 Sq Ft
$279/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $480,000 $205 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,707/month

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • 1 Car Garage
  • Sarah W Starkweather Elementary School Rated A

About This Home

As of July 2022

Fully Occupied!! Built in garage with additional private parking in the rear( say goodbye to parking issues in the Boro). 1 of 6 buildings for sale from this Seller in West Chester Boro. This is a 3 unit property. Unit (A) has 4 bedrooms, 1 bath, eat-in kitchen and living room. Unit had some cosmetic upgrades in 2020. Unit rents for $2,000 per month. Unit (B) is a 1 bedroom with one bath. Has had some cosmetic upgrades in 2017. Unit rents for $920 per month. Unit (C) is a 1 bedroom, 1 bath efficiency unit that rents for $810 per month. This unit was also cosmetically upgraded in 2018. Full basement with a garage ( garage rents for $100 per month), storage units for tenants and a large storage area currently used by the owner. Some windows have been replaced over the years. Close to downtown West Chester

Last Agent to Sell the Property

Jim Wagner

(610) 888-2822 jimwagner@homesinpa.com RE/MAX Action Associates License #RM028246C Listed on: 02/18/2022

RE/MAX Action Associates

Co-Listed By

David Thomas

(610) 405-8382 davethomas@homesinpa.com RE/MAX Action Associates License #RS203377L

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,791

Year Built

  • Built in 1900

Lot Details

  • 3,772 Sq Ft Lot

Parking

  • 1 Car Garage
  • Assigned Parking Garage Space
  • Basement Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • 2,346 Sq Ft Home
  • Triplex
  • Colonial Architecture
  • Permanent Foundation
  • Frame Construction
  • Masonry

Utilities

  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 0128.0400
  • Assessor Parcel Number 01-08 -0128.0400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,791

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Fully Occupied!! Built in garage with additional private parking in the rear( say goodbye to parking issues in the Boro). 1 of 6 buildings for sale from this Seller in West Chester Boro. This is a 3 unit property. Unit (A) has 4 bedrooms, 1 bath, eat-in kitchen and living room. Unit had some cosmetic upgrades in 2020. Unit rents for $2,000 per month. Unit (B) is a 1 bedroom with one bath. Has had some cosmetic upgrades in 2017. Unit rents for $920 per month. Unit (C) is a 1 bedroom, 1 bath efficiency unit that rents for $810 per month. This unit was also cosmetically upgraded in 2018. Full basement with a garage ( garage rents for $100 per month), storage units for tenants and a large storage area currently used by the owner. Some windows have been replaced over the years. Close to downtown West Chester
  • Special Features: None

Interior Features

  • Foundation Details: Permanent
  • Total Sq Ft: 2346
  • Living Area Sq Ft: 2346
  • Price Per Sq Ft: 255.71
  • Above Grade Finished Sq Ft: 2346
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 331

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Basement Garage
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Parking Lot, Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

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

Schools

  • School District: WEST CHESTER AREA
  • School District Key: 300200397342
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 53240.00
  • Land Assessed Value: 28090.00
  • Land Use Code: R20
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3772.00
  • Year Assessed: 2022
  • Zoning: NC2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 221520
  • School Tax: 1794.00
  • Tax Annual Amount: 2791.00
  • Assessor Parcel Number: 01-08 -0128.0400
  • Tax Lot: 0128.0400
  • Tax Total Finished Sq Ft: 2346
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/20/2022

Multi Family

  • Other Units: Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: WEST CHESTER AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Jul 12, 2022
Sold by
Keir Abrahams
Bought by
327-337 W Chestnut Partners Llc
Seller's Agent
Jim Wagner
RE/MAX Action Associates
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$650,000
Sold Price
$480,000
Premium/Discount to List
-$170,000
-26.15%
Current Estimated Value
$654,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,410
Avg. Annual Appreciation
10.14%
Original Mortgage
$1,836,000
Outstanding Balance
$1,748,846
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
-$1,094,436

Purchase Details

Closed on
Apr 18, 2003
Sold by
Rogers F Arthur
Bought by
Abrahams Keir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 1994
Sold by
Rogers F Arthur
Bought by
Rogers F Arthur
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
327-337 W Chestnut Partners Llc $2,700,000 --
Abrahams Keir $183,750 --
Rogers F Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 327-337 W Chestnut Partners Llc $1,836,000
Previous Owner Abrahams Keir $147,000
Closed Abrahams Keir $18,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2022 07/20/22 Sold $480,000 -20.0% $205 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/26/2022 02/26/22 Price Changed $599,900 -7.7% $256 / Sq Ft
02/18/2022 02/18/22 For Sale $650,000 -- $277 / 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 $2,853 $81,330 $28,090 $53,240
2024 $2,853 $81,330 $28,090 $53,240
2023 $2,821 $81,330 $28,090 $53,240
2022 $2,791 $81,330 $28,090 $53,240
2021 $2,734 $81,330 $28,090 $53,240
2020 $2,683 $81,330 $28,090 $53,240
2019 $2,651 $81,330 $28,090 $53,240
2018 $2,604 $81,330 $28,090 $53,240
2017 $2,556 $81,330 $28,090 $53,240
2016 $1,816 $81,330 $28,090 $53,240
2015 $1,816 $81,330 $28,090 $53,240
2014 $1,816 $81,330 $28,090 $53,240
Source: Public Records

Agents Affiliated with this Home

  • Jim Wagner

    Seller's Agent in 2022

    Jim Wagner

    RE/MAX

    (610) 888-2822

    8 in this area

    47 Total Sales

    Jim Wagner
    Section Image
  • David Thomas

    Seller Co-Listing Agent in 2022

    David Thomas

    RE/MAX

    (610) 405-8382

    7 in this area

    58 Total Sales

    David Thomas
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PACT2018542

Bright MLS

APN: 01-008-0128.0400

Pennsylvania Chester County West Chester 19380

331 W Chestnut St, West Chester, PA

This home is located at 331 W Chestnut St, West Chester, PA 19380 since 18 February 2022 and is currently estimated at $654,410, approximately $278 per square foot. This property was built in 1900. 331 W Chestnut St is a home located in Chester County with nearby schools including Sarah W Starkweather Elementary School, Stetson Middle School, and Bayard Rustin High School.

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