NOT LISTED FOR SALE

38 E Chestnut St Norristown, PA 19401

Estimated Value: $187,000 - $268,000

Studio
3 Baths
1,518 Sq Ft
$153/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2022

Last sale price $230,000 $152 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,480 / mo

10 Days on Market

Highlights

  • Traditional Architecture
  • 90% Forced Air Heating System
  • Vinyl Flooring
  • Level Entry For Accessibility
  • Property is in very good condition
  • 3-minute walk to Cherry Street Park

About This Home

As of November 2022

Completely Rehabbed Duplex Now Available!! ** INVESTORS ALERT** Just move your Tenants right in. 2 units features 4 bedrooms on 2nd floor and 1-bedroom unit on first floor. New vinyl floors throughout the units. New HVAC system, new heater and water heaters, all new windows and doors. All new stainless-steel appliances. Open fenced-in back yard and open to 2 parking spaces. Stop by and see what else this multi-unit property has to offer. Property sold in as-is condition.

Last Agent to Sell the Property

Lorry Hunt

(610) 520-0100 info@mainlinekw.com Keller Williams Main Line License #RS323209 Listed on: 10/04/2022

Keller Williams Main Line

Last Buyer's Agent

Derek Dinh

(215) 218-0939 targetrealty@yahoo.com Target Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,678

Year Built

  • Built in 1900 | Remodeled in 2022

Lot Details

  • 2,101 Sq Ft Lot
  • Lot Dimensions are 15.00 x 0.00
  • Property is in very good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Chimney Cap

Interior Spaces

  • 1,518 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Electric Oven or Range
  • Stove
  • Built-In Microwave

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Private Parking
  • Dirt Driveway
  • On-Street Parking
  • Fenced Parking

Utilities

  • Cooling System Utilizes Natural Gas
  • 90% Forced Air Heating System
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Level Entry For Accessibility
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number 13-00-08404-007

Community Details

Overview

  • 2 Units
  • 3-Story Building
  • Norriton East Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,678

Year Built

Built in 1900 | Remodeled in 2022

Lot Details

2,101 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2022
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: NewHome

Interior Features

  • Appliances: Built-In Microwave, Refrigerator, Oven/Range - Electric, Stove
  • Flooring Type: Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full, Interior Access, Unfinished
  • Total Sq Ft: 1518
  • Living Area Sq Ft: 1518
  • Price Per Sq Ft: 164.62
  • Above Grade Finished Sq Ft: 1518
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Chimney Cap(s), Exterior Lighting, Sidewalks, Street Lights
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway, Fenced, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 15.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2101.00
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL MULTI - UNIT
  • Zoning Description: Muti Unit Duplex

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 615067
  • School Tax: 1781.00
  • Tax Annual Amount: 2678.00
  • Assessor Parcel Number: 13-00-08404-007
  • Tax Lot: 93
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 2
  • Other Units: Unit 2

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2022
Closed on
Nov 22, 2022
Sold by
Alliance Developers Llc
Bought by
Le Micky
Seller's Agent
Lorry Hunt
Keller Williams Main Line
Buyer's Agent
Derek Dinh
Target Realty
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%
Views
5
Current Estimated Value
$232,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,071
Avg. Annual Appreciation
0.27%
Original Mortgage
$225,834
Outstanding Balance
$218,831
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$13,240

Purchase Details

Closed on
Jun 22, 2021
Sold by
Kolinsky Richard
Bought by
Alliance Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,827
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2006
Sold by
Meiers Joann and Meiers Paul
Bought by
Kolinsky Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,750
Interest Rate
6.31%

Purchase Details

Closed on
Aug 17, 2000
Sold by
Scott Harry and Perry Robert
Bought by
Meiers Paul and Meiers Joann

Purchase Details

Closed on
Sep 17, 1999
Sold by
Reinhart Barry
Bought by
Scott Harry and Perry Robert

Purchase Details

Closed on
Aug 27, 1999
Sold by
Federal National Mortgage Association
Bought by
Reinhart Barry

Purchase Details

Closed on
May 10, 1996
Sold by
Myers William H and Myers Myrtice D
Bought by
Craven Vincent E
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
Le Micky $230,000 --
Alliance Developers Llc $62,300 None Available
Kolinsky Richard $103,000 None Available
Meiers Paul $25,000 --
Scott Harry $21,000 --
Reinhart Barry $17,250 --
Craven Vincent E $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Micky $225,834
Previous Owner Alliance Developers Llc $128,827
Previous Owner Kolinsky Richard $25,750
Previous Owner Kolinsky Richard $77,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $230,000 -8.0% $152 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
10/04/2022 10/04/22 For Sale $249,900 -- $165 / Sq Ft
Source: Bright MLS

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 $2,762 $45,000 $25,180 $19,820
2024 $2,762 $45,000 $25,180 $19,820
2023 $2,738 $45,000 $25,180 $19,820
2022 $2,678 $45,000 $25,180 $19,820
2021 $2,665 $45,000 $25,180 $19,820
2020 $2,543 $45,000 $25,180 $19,820
2019 $2,496 $45,000 $25,180 $19,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2054262

Bright MLS

APN: 13-00-08404-007

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