NOT LISTED FOR SALE

370 E Penn St Norristown, PA 19401

Estimated Value: $186,000 - $362,000

-- Bed
4 Baths
2,908 Sq Ft
$91/Sq Ft Est. Value

Last Sold June 22, 2016

Last sale price $65,000 $22 Per Sq Ft

Est. 308% increase in value since last sale

Current estimated payment $1,764/month

196 Days on Market

About This Home

As of June 2016

Come take a look at this large 3 units building for sale on the corner of walnut and Penn st across from the old holy savior school.

Last Agent to Sell the Property

Franco Fierro

(484) 614-6324 francocfierro@hotmail.com Weichert, Realtors - Cornerstone Listed on: 03/09/2015

Weichert, Realtors - Cornerstone

Co-Listed By

Matthew Watson

(484) 498-4000 4winsdg@gmail.com Springer Realty Group License #RS273631

Last Buyer's Agent

Franco Fierro

(484) 614-6324 francocfierro@hotmail.com Weichert, Realtors - Cornerstone Listed on: 03/09/2015

Weichert, Realtors - Cornerstone

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,277 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,908 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Norristown Area High School

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 13-00-29800-004

Community Details

Overview

  • No Home Owners Association

Building Details

  • Maintenance Expense $3,000
  • Operating Expense $6,639

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2908
  • Living Area Sq Ft: 2908
  • Price Per Sq Ft: 32.32
  • Above Grade Finished Sq Ft: 2908
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 120.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: NORRISTOWN AREA

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2277.00
  • Zoning: NC

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 9300.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 620532
  • Tax Annual Amount: 3586.00
  • Assessor Parcel Number: 13-00-29800-004
  • Tax Lot: 001
  • Tax Year: 2016

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jul 8, 2016
Sold by
Central Penn Capital Management Llc
Bought by
Falcone Properties Llc
Seller's Agent
Franco Fierro
Weichert, Realtors - Cornerstone
Buyer's Agent
Franco Fierro
Weichert, Realtors - Cornerstone
List Price
$170,000
Sold Price
$65,000
Premium/Discount to List
-$105,000
-61.76%
Current Estimated Value
$265,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,300
Avg. Annual Appreciation
15.99%

Purchase Details

Listed on
Mar 9, 2015
Closed on
May 26, 2016
Sold by
Sheriff Of Montgomery County
Bought by
Central Penn Capital Management Llc
Seller's Agent
Franco Fierro
Weichert, Realtors - Cornerstone
Buyer's Agent
Franco Fierro
Weichert, Realtors - Cornerstone
List Price
$170,000
Sold Price
$65,000
Premium/Discount to List
-$105,000
-61.76%

Purchase Details

Closed on
Aug 31, 2007
Sold by
Jakes Elaine
Bought by
Financial House Group Llc

Purchase Details

Closed on
Jul 10, 2006
Sold by
Jakes Elaine and Grant Anora
Bought by
Jakes Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.67%

Purchase Details

Closed on
Dec 5, 2005
Sold by
Royal Oak Invest Llc
Bought by
Jakes Elaine and Grant Anora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.34%

Purchase Details

Closed on
Nov 12, 2003
Sold by
366 East Marshall Part Lp
Bought by
Royal Oak Invest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,000
Interest Rate
6.09%

Purchase Details

Closed on
Oct 27, 2000
Sold by
Scott Harry and Perry Robert
Bought by
Scott Harry and Perry Robert

Purchase Details

Closed on
Dec 16, 1998
Sold by
Young Larry and Young Deborah
Bought by
Hud

Purchase Details

Closed on
Dec 30, 1994
Sold by
Young Larry and Young Deborah
Bought by
Floyd Michael G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Falcone Properties Llc $65,000 None Available
Central Penn Capital Management Llc $1,735 None Available
Financial House Group Llc $150,000 None Available
Jakes Elaine -- Netco
Jakes Elaine $170,000 --
Royal Oak Invest Llc -- --
Commerce Bank Pa Na -- --
Scott Harry $38,884 --
Perry Robert $28,600 --
Hud $1,465 --
Floyd Michael G $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jakes Elaine $198,000
Previous Owner Jakes Elaine $153,000
Previous Owner Commerce Bank Pa Na $607,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2016 06/22/16 Sold $65,000 -61.8% $22 / Sq Ft
09/21/2015 09/21/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $170,000 0.0% $58 / Sq Ft
07/01/2014 07/01/14 Rented $875 +6.1% --
07/01/2014 07/01/14 Under Contract -- -- --
03/10/2014 03/10/14 For Rent $825 0.0% --
01/20/2014 01/20/14 Rented $825 +3.8% --
01/20/2014 01/20/14 Under Contract -- -- --
12/05/2013 12/05/13 For Rent $795 +6.0% --
12/01/2012 12/01/12 Rented $750 0.0% --
11/15/2012 11/15/12 Under Contract -- -- --
09/18/2012 09/18/12 For Rent $750 -- --
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 $4,461 $72,680 $20,780 $51,900
2024 $4,461 $72,680 $20,780 $51,900
2023 $4,421 $72,680 $20,780 $51,900
2022 $4,326 $72,680 $20,780 $51,900
2021 $4,305 $72,680 $20,780 $51,900
2020 $4,107 $72,680 $20,780 $51,900
2019 $4,031 $72,680 $20,780 $51,900
2018 $2,683 $72,680 $20,780 $51,900
2017 $3,702 $72,680 $20,780 $51,900
2016 $3,673 $72,680 $20,780 $51,900
2015 $3,585 $72,680 $20,780 $51,900
2014 $3,519 $72,680 $20,780 $51,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002548278

Bright MLS

APN: 13-00-29800-004