NOT LISTED FOR SALE

40 E 1st Ave Trappe, PA 19426

Estimated Value: $750,487 - $1,649,000

Studio
2 Baths
-- Sq Ft
62,291 Sq Ft

Last Sold May 13, 2021

Last sale price $584,000

Est. 83% increase in value since last sale

Current estimated payment $6,426/month

5 Days on Market

Highlights

  • 1.43 Acre Lot
  • Colonial Architecture
  • Cooling Available
  • South Elementary School Rated A
  • No HOA
  • Hot Water Heating System

About This Home

As of May 2021

*INVESTOR ALERT* This property has multiple uses for the future buyer/owner. Included in this property is a catering hall/dinner theater and a multi-family single home in the prime location of Trappe/Collegeville. This property has a fully functioning kitchen with a recently renovated dinner theater/entertainment space with a stage, the owners even installed new AC units for this property. This property also has an additional 2 storage spaces that can be used for multiple purposes. Included in the Multi-Family Single home is a recently renovated Office/Studio, A Two Bedroom Unit, and a One Bedroom Unit. All Units are currently rented with Natural Gas Heat, and a laundry facility in the basement for the Tenants to use. Contact us today for a tour or with any questions in regards to this property, the possibilities are endless.

Last Agent to Sell the Property

Terry Musser

(610) 822-3356 kenenochs@compass.com Compass RE License #AB050668L Listed on: 03/12/2021

Compass RE

Co-Listed By

Kelli Musser

(610) 947-0408 kenenochs@compass.com Compass RE License #RS326816

Last Buyer's Agent

Daniel Caparo

(888) 397-7352 pa.broker@exprealty.net EXP Realty, LLC License #AB051830L

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,547

Year Built

  • Built in 1920

Lot Details

  • 1.43 Acre Lot
  • Lot Dimensions are 158.00 x 0.00

Home Design

  • Colonial Architecture
  • Stucco

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 029
  • Assessor Parcel Number 23-00-00373-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,547

Year Built

Built in 1920

Lot Details

1.43 Acres

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-03-12
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 1.43
  • Lot Dimensions: 158.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 62204.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 642139
  • School Tax: 9318.00
  • Tax Annual Amount: 10547.00
  • Assessor Parcel Number: 23-00-00373-009
  • Tax Lot: 029
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: PERKIOMEN VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 11, 2021
Sold by
Fanaro Buying Group Llc
Bought by
Hcl First Catering Llc
Seller's Agent
Terry Musser
Compass RE
Buyer's Agent
Daniel Caparo
EXP Realty, LLC
List Price
$525,000
Sold Price
$584,000
Premium/Discount to List
$59,000
11.24%
Current Estimated Value
$1,069,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,162
Avg. Annual Appreciation
13.52%
Original Mortgage
$409,500
Outstanding Balance
$370,529
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$698,633

Purchase Details

Listed on
Jan 31, 2017
Closed on
Mar 30, 2017
Sold by
Caroline T Moorehead Inc
Bought by
Fanaro Buying Group Llc
Seller's Agent
Terry Ayres
RE/MAX Achievers-Collegeville
Buyer's Agent
Kelli Musser
Compass RE
List Price
$400,000
Sold Price
$368,000
Premium/Discount to List
-$32,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
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
Hcl First Catering Llc $584,000 Title Services
Fanaro Buying Group Llc $368,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hcl First Catering Llc $409,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2021 05/13/21 Sold $584,000 +11.2% --
03/12/2021 03/12/21 For Sale $525,000 +42.7% --
03/30/2017 03/30/17 Sold $368,000 -8.0% -- View Prior Sale
02/24/2017 02/24/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $400,000 -- --
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 $11,220 $266,990 $136,970 $130,020
2024 $11,220 $266,990 $136,970 $130,020
2023 $10,959 $266,990 $136,970 $130,020
2022 $10,715 $266,990 $136,970 $130,020
2021 $10,547 $266,990 $136,970 $130,020
2020 $10,156 $266,990 $136,970 $130,020
2019 $10,025 $266,990 $136,970 $130,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC684676

Bright MLS

APN: 23-00-00373-009

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