NOT LISTED FOR SALE

Estimated Value: $178,000 - $335,000

-- Bed
2 Baths
-- Sq Ft
2,147 Sq Ft Lot

Last Sold June 20, 2019

Last sale price $195,000

Est. 33% increase in value since last sale

Current estimated payment $1,792/month

Highlights

  • City View
  • 1 Fireplace
  • 2 Car Detached Garage
  • Traditional Architecture
  • No HOA
  • Porch

About This Home

As of June 2019

6 unit apartment building for sale in Pottstown, 4 out of 6 units are rented totaling $39,600, units 5 & 6 if rented would bring additional $450 a month or $5,400 yr totaling $45,000 in rents collected annually. Owner pays water, sewer, trash, oil heat, Property is located in flood zone - current owner does not have flood insurance.

Last Agent to Sell the Property

John Chernesky

RE/MAX Of Reading License #AB065213 Listed on: 01/29/2019

RE/MAX Of Reading

Last Buyer's Agent

John Chernesky

RE/MAX Of Reading License #AB065213 Listed on: 01/29/2019

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,303

Year Built

  • Built in 1900

Lot Details

  • 2,147 Sq Ft Lot
  • Downtown Location
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Alley Access
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1 Fireplace
  • City Views
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Schools

  • Pottstown Senior High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for electricity, heat, repairs, sewer, snow removal, personal property taxes, real estate taxes, trash collection, water
  • Tax Lot 087
  • Assessor Parcel Number 16-00-14604-005

Community Details

Overview

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

Building Details

  • Insurance Expense $1,800
  • Net Operating Income $27,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,303

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2019-01-29
  • Year Built: 1900
  • Remarks Public: 6 unit apartment building for sale in Pottstown, 4 out of 6 units are rented totaling $39,600, units 5 & 6 if rented would bring additional $450 a month or $5,400 yr totaling $45,000 in rents collected annually. Owner pays water, sewer, trash, oil heat, Property is located in flood zone - current owner does not have flood insurance.
  • Special Assessment Payment: Annually
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 33/35

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Alley, Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil, Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: POTTSTOWN
  • High School: POTTSTOWN SENIOR
  • High School Source: Listing Agent
  • School District Key: 300200397038
  • School District Source: Listing Agent
  • High School: POTTSTOWN SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2147.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Soil Types: Unknown
  • Zoning: D

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 6
  • Owner Pays: Electricity, Heat, Repairs, Sewer, Snow Removal, Taxes - Personal Property, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 46200.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 629151
  • School Tax: 3148.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4303.00
  • Assessor Parcel Number: 16-00-14604-005
  • Tax Lot: 087
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 06/20/2019

Multi Family

  • Gross Income: 46200.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 2

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2019
Closed on
Jun 18, 2019
Sold by
Joseph A Piccone Inc
Bought by
Hanna Bella Llc
Seller's Agent
John Chernesky
RE/MAX Of Reading
Buyer's Agent
John Chernesky
RE/MAX Of Reading
List Price
$234,900
Sold Price
$195,000
Premium/Discount to List
-$39,900
-16.99%
Current Estimated Value
$259,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,170

Purchase Details

Closed on
Apr 30, 2004
Sold by
A To Z Ser Inc
Bought by
Joseph A Piccone Inc
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
Hanna Bella Llc $195,000 None Available
Joseph A Piccone Inc $214,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joseph A Piccone Inc $230,000
Previous Owner Joseph A Piccone Inc $45,000
Previous Owner Piccone Joseph A Inc $198,000
Previous Owner Joseph A Piccone Inc $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $195,000 0.0% --
05/20/2019 05/20/19 Pending -- -- --
05/17/2019 05/17/19 Off Market $195,000 -- --
05/12/2019 05/12/19 Price Changed $225,000 -4.2% --
01/29/2019 01/29/19 For Sale $234,900 -- --
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 $4,935 $80,410 $36,250 $44,160
2024 $4,935 $80,410 $36,250 $44,160
2023 $4,868 $80,410 $36,250 $44,160
2022 $4,843 $80,410 $36,250 $44,160
2021 $4,787 $80,410 $36,250 $44,160
2020 $4,703 $80,410 $36,250 $44,160
2019 $1,590 $80,410 $36,250 $44,160
2018 $3,267 $80,410 $36,250 $44,160
2017 $4,297 $80,410 $36,250 $44,160
2016 $4,265 $80,410 $36,250 $44,160
2015 $4,238 $80,410 $36,250 $44,160
2014 $4,238 $80,410 $36,250 $44,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC445512

Bright MLS

APN: 16-00-14608-001