NOT LISTED FOR SALE

355 Washington Ave Sellersville, PA 18960

Estimated Value: $507,000 - $741,000

6 Beds
6 Baths
2,816 Sq Ft
$226/Sq Ft Est. Value

Last Sold June 29, 2017

Last sale price $378,000 $134 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,989/month

66 Days on Market

Highlights

  • No HOA
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of June 2017

3 BR's, 2.5 Baths, plenty of kitchen cabinets, deck, full basement and yard tends to draw stable long term tenants. Basically each twin is a 1,400 sq.ft. Unit has its own yard, shed and full basement. Basements are not finished however, the head height makes finishing a possibility. The off-street parking pad will accommodate at least 6-8 vehicles. New Roof, siding, gutters and trim capped done in 2009. One unit (355 owners side shown 1st) has had a total interior update also. Kitchen with quality cabinets, granite counters, lighting etc., All 2.5 baths remodeled, new laminate flooring and doors throughout. These remodeling costs are the reason expense is high and cap rate low. Look at the list of improvements I have made which is on the MLS. Tenants unit has not had the same complete remodel, however has been upgraded in areas, properly maintained and all functions. FOR THE CONSIDERATION OF THE TENANTS, THEIR SIDE WILL ONLY BE SHOWN TO INTERESTED BUYERS AT A 2ND SHOWING. Walk to the center of town, Washington House Inn, Restaurant & Tavern, Sellersville Theater. Druken Miller and Lenape Parks, pizza, ice cream etc., are all a walk away. Grocery, pharmacy, restaurants and fast food a 5 minute drive. Hospital 2 minutes, Quakertown or Montgomeryville Mall, 15-20 minutes, Doylestown, Allentown and Bethlehem 30-40 minutes. See also MLS#6802425, 69377220 & #6937089 for more information under residential. OWNER IS A PA LICENSED REALTOR.

Last Agent to Sell the Property

RAY SZATMARY

(215) 340-5700 homes@rayszatmary.com Keller Williams Real Estate-Doylestown Listed on: 03/02/2017

Keller Williams Real Estate-Doylestown

Last Buyer's Agent

James Dietrich

(267) 767-0605 jdietrich@remax440.com Realty One Group Supreme License #RM424571

Realty One Group Supreme

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,349

Year Built

  • Built in 1993

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 59x153
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,816 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Laundry in unit

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • West Rockhill Elementary School
  • Pennridge South Middle School
  • Pennridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 244-001
  • Assessor Parcel Number 39-003-244-001

Community Details

Overview

  • No Home Owners Association
  • Sellersville Hgts Subdivision

Building Details

  • Insurance Expense $745
  • Maintenance Expense $2,000
  • Operating Expense $10,094

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,349

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Curtain Rod With Birds
  • New Construction: No
  • Storage: Basement, Attic, Shed
  • Year Built: 1993
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 2816
  • Living Area Sq Ft: 2816
  • Price Per Sq Ft: 142.05
  • Above Grade Finished Sq Ft: 2816
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: WEST ROCKHILL
  • High School: PENNRIDGE
  • Middle Or Junior School: PENNRIDGE SOUTH

Lot Info

  • Improvement Assessed Value: 34400.00
  • Land Assessed Value: 5880.00
  • Lot Size Acres: 0.25
  • Lot Dimensions: 59X153
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10686.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: MR

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 36348.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 172101
  • Tax Annual Amount: 7349.00
  • Assessor Parcel Number: 39-003-244-001
  • Tax Lot: 244-001
  • Tax Year: 2017

MLS Schools

  • School District Name: PENNRIDGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2017
Closed on
Jun 29, 2017
Sold by
Szatmary Ray and Graff Melba
Bought by
Mahil Sukhdeep S and Sood Sandeep S
Seller's Agent
RAY SZATMARY
Keller Williams Real Estate-Doylestown
Buyer's Agent
James Dietrich
Realty One Group Supreme
List Price
$400,000
Sold Price
$378,000
Premium/Discount to List
-$22,000
-5.5%
Current Estimated Value
$637,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,243
Avg. Annual Appreciation
6.38%
Original Mortgage
$283,500
Outstanding Balance
$235,928
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$401,315

Purchase Details

Closed on
Sep 27, 2007
Sold by
Mcgalliard William O and Mcgalliard Michael O
Bought by
Szatmary Ray and Graff Melba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 1992
Bought by
Mcgalliard William O and Mcgalliard Michael O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mahil Sukhdeep S $378,000 None Available
Szatmary Ray $340,000 None Available
Mcgalliard William O $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahil Sukhdeep S $283,500
Previous Owner Szatmary Ray $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2017 06/29/17 Sold $378,000 -5.5% $134 / Sq Ft
05/07/2017 05/07/17 Pending -- -- --
05/03/2017 05/03/17 Price Changed $400,000 -5.9% $142 / Sq Ft
04/24/2017 04/24/17 Price Changed $425,000 +6.3% $151 / Sq Ft
03/02/2017 03/02/17 For Sale $400,000 -- $142 / 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 $7,641 $40,280 $5,880 $34,400
2024 $7,641 $40,280 $5,880 $34,400
2023 $7,561 $40,280 $5,880 $34,400
2022 $7,561 $40,280 $5,880 $34,400
2021 $7,561 $40,280 $5,880 $34,400
2020 $7,561 $40,280 $5,880 $34,400
2019 $7,400 $40,280 $5,880 $34,400
2018 $7,400 $40,280 $5,880 $34,400
2017 $7,349 $40,280 $5,880 $34,400
2016 $7,349 $40,280 $5,880 $34,400
2015 -- $40,280 $5,880 $34,400
2014 -- $40,280 $5,880 $34,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002627641

Bright MLS

APN: 39-003-244-001