$455,000
SOLD AUG 14, 2020
-- Bed
-- Bath
2,278 Sq Ft
0.48 Acres

Recently Sold

$200 Per Sq Ft

9% Below List Price

26 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • No HOA
  • Kutz Elementary School Rated A
  • 1 Fireplace
  • Cottage

About This Home

As of August 2020

Location, value, opportunity! Multi-building investment property just south of historic Doylestown Boro, off of Route 202. This half acre campus has three buildings: One commercial building (2,000 sf warehouse) and two residential buildings. The main residential unit (approx. 3,500 sf) is a mixed use unit historically used both for residential and/or professional office purposes. The third building (1,400 sf) is residential. There are approximately 9 designated parking spaces, with room for an additional 6 spaces. It is a welcoming and productive environment for residential or professional use and is perfect for a owner occupant who has a small business, or as a fully rentable investment property. Recent rental income history: $63,000/year. Easy to show. Note: A full set of inspections was completed March, 2020 (General, radon, water, mold, WDI, chimney). Radon mitigation system being installed by March 31. Inspection reports and Seller's Disclosure available upon request. Owner is a licensed PA realtor.

Last Agent to Sell the Property

Eric Cornwell

KW Commercial Listed on: 05/20/2020

KW Commercial

Co-Listed By

Victoria Azar Roberts

Keller Williams Real Estate-Doylestown License #RS320704

Last Buyer's Agent

Dan Borowiec

RE/MAX Professional Realty

RE/MAX Professional Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,184

Year Built

  • Built in 1953

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 138 x 176 x 37 x 125 x 106
  • Irregular Lot
  • Property is in very good condition

Home Design

  • Cottage
  • Dwelling with Rental
  • Split Level Home
  • Frame Construction
  • Architectural Shingle Roof
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 2,278 Sq Ft Home
  • 1 Fireplace

Flooring

  • Wood
  • Carpet
  • Concrete

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Windows

Parking

  • 6 Open Parking Spaces
  • 7 Parking Spaces
  • 1 Driveway Space
  • Parking Lot

Pool

  • In Ground Pool

Schools

  • Kutz Elementary School
  • Lenape Middle School
  • Central Bucks High School West

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 018-001
  • Assessor Parcel Number 25-006-018-001

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals, professional offices, shop rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,184

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Cottage, Dwelling With Rental, Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1953
  • Automatically Close On Close Date: No
  • Remarks Public: Location, value, opportunity! Multi-building investment property just south of historic Doylestown Boro, off of Route 202. This half acre campus has three buildings: One commercial building (2,000 sf warehouse) and two residential buildings. The main residential unit (approx. 3,500 sf) is a mixed use unit historically used both for residential and/or professional office purposes. The third building (1,400 sf) is residential. There are approximately 9 designated parking spaces, with room for an additional 6 spaces. It is a welcoming and productive environment for residential or professional use and is perfect for a owner occupant who has a small business, or as a fully rentable investment property. Recent rental income history: $63,000/year. Easy to show. Note: A full set of inspections was completed March, 2020 (General, radon, water, mold, WDI, chimney). Radon mitigation system being installed by March 31. Inspection reports and Seller's Disclosure available upon request. Owner is a licensed PA realtor.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Hardwood, Concrete
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Walkout Level, Windows
  • Total Sq Ft: 2278
  • Living Area Sq Ft: 2278
  • Price Per Sq Ft: 201.49
  • Above Grade Finished Sq Ft: 2278
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 35

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry
  • Pool Features: In Ground
  • Road Surface Type: Paved
  • Roof: Architectural Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 1
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Private
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CENTRAL BUCKS
  • Elementary School: KUTZ
  • Middle School: LENAPE
  • High School: CENTRAL BUCKS HIGH SCHOOL WEST
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397327
  • School District Source: Listing Agent
  • Elementary School: KUTZ
  • High School: CENTRAL BUCKS HIGH SCHOOL WEST
  • Middle Or Junior School: LENAPE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 4000
  • Lot Features: Irregular
  • Lot Size Acres: 0.48
  • Lot Dimensions: 138 x 176 x 37 x 125 x 106
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20908.80
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: MUO, C-2
  • Zoning Description: MUO encourages revitalization.

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 123848
  • School Tax: 4955.00
  • Tax Annual Amount: 7184.00
  • Assessor Parcel Number: 25-006-018-001
  • Tax Lot: 018-001
  • Tax Total Finished Sq Ft: 2278
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/14/2020

Multi Family

  • Income Includes: Apartment Rentals, Professional Offices, Shop Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: CENTRAL BUCKS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Aug 14, 2020
Sold by
Azar Victoria M
Bought by
Mapk Realty Llc
Seller's Agent
Eric Cornwell
KW Commercial
Buyer's Agent
Dan Borowiec
RE/MAX Professional Realty
List Price
$500,000
Sold Price
$455,000
Premium/Discount to List
-$45,000
-9%
Current Estimated Value
$622,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,473
Avg. Annual Appreciation
6.16%
Original Mortgage
$341,250
Outstanding Balance
$306,097
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$306,249

Purchase Details

Closed on
Aug 12, 2005
Sold by
Rohach Diane Elizabeth
Bought by
Azar Victoria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,750
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 8, 2002
Sold by
Binder William R
Bought by
Rohach Diane Elizabeth
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $455,000 None Available
Deed $782,500 --
Executors Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $341,250 Commercial
Previous Owner $200,000 Credit Line Revolving
Previous Owner $175,000 Future Advance Clause Open End Mortgage
Previous Owner $547,750 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Rented $2,950 +1.7% --
05/31/2022 05/31/22 Under Contract -- -- --
05/21/2022 05/21/22 For Rent $2,900 -9.4% --
06/11/2021 06/11/21 Rented $3,200 +10.3% --
06/07/2021 06/07/21 For Rent $2,900 0.0% --
05/08/2021 05/08/21 Off Market $2,900 -- --
05/03/2021 05/03/21 For Rent $2,900 0.0% --
08/14/2020 08/14/20 Sold $455,000 -0.9% $200 / Sq Ft
06/11/2020 06/11/20 Price Changed $459,000 -8.2% $201 / Sq Ft
05/20/2020 05/20/20 For Sale $500,000 0.0% $219 / Sq Ft
11/01/2017 11/01/17 Rented $2,400 0.0% --
10/02/2017 10/02/17 Under Contract -- -- --
09/22/2017 09/22/17 For Rent $2,400 +2.1% --
12/08/2014 12/08/14 Rented $2,350 +17.5% --
12/04/2014 12/04/14 Under Contract -- -- --
11/17/2014 11/17/14 For Rent $2,000 -28.6% --
06/01/2014 06/01/14 Rented $2,800 -20.0% --
05/18/2014 05/18/14 Under Contract -- -- --
05/06/2014 05/06/14 For Rent $3,500 -- --
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
2024 $8,040 $39,930 $5,080 $34,850
2023 $7,481 $39,930 $5,080 $34,850
2022 $7,319 $39,930 $5,080 $34,850
2021 $7,184 $39,930 $5,080 $34,850
2020 $7,184 $39,930 $5,080 $34,850
2019 $7,025 $39,930 $5,080 $34,850
2018 $6,404 $36,400 $5,080 $31,320
2017 $6,358 $36,400 $5,080 $31,320
2016 $6,358 $36,400 $5,080 $31,320
2015 -- $36,400 $5,080 $31,320
2014 -- $36,400 $5,080 $31,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU496294

Bright MLS

APN: 25-006-018-001