NOT LISTED FOR SALE

40 E Chestnut St Norristown, PA 19401

Estimated Value: $169,000 - $205,000

4 Beds
1 Bath
1,800 Sq Ft
$102/Sq Ft Est. Value

Sale Details

Date Sold: May 10, 2024

Last sale price $177,500 $99 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,252 / mo

4 Days on Market

Highlights

  • Straight Thru Architecture
  • 2 Fireplaces
  • 90% Forced Air Heating System
  • Wood Flooring
  • No HOA
  • 4-minute walk to Cherry Street Park

About This Home

As of May 2024

Great Investment opportunity at 40 E Chestnut St, nestled in the heart of Norristown, PA. This recently renovated 4 bedroom, 1 bathroom property boasts a perfect blend of historic character and modern convenience. Featuring a renovated kitchen, cozy living spaces, and a private backyard. With easy access to local amenities, transportation, and nearby attractions, including Elmwood Park Zoo and Main Street's shops and restaurants, this is an opportunity not to be missed. Rent: $1720.00 per month with Montgmoery county housing authority, but rent increase has been submitted for 10/1/24 to $2,125.00 per month. Property was fully renovated with new kitchen, bathroom, heater, hot water heater, roof, electric, etc in 2021.

Last Agent to Sell the Property

David Sawyer

(215) 355-5565 homestarr@homestarrinc.com Homestarr Realty Listed on: 03/19/2024

Homestarr Realty

Last Buyer's Agent

Gurpreet Oberoi - Realtor

(610) 649-4500 frank.may@foxroach.com BHHS Fox & Roach-Haverford License #2441429

BHHS Fox & Roach-Haverford

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,246

Year Built

  • Built in 1900 | Remodeled in 2021

Lot Details

  • 2,101 Sq Ft Lot
  • Lot Dimensions are 15.00 x 0.00

Parking

  • 2 Parking Spaces

Home Design

  • Straight Thru Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 3 Levels
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • 90% Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Norristown Subdivision

Listing and Financial Details

  • Tax Lot 92
  • Assessor Parcel Number 13-00-08408-003

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,246

Year Built

Built in 1900 | Remodeled in 2021

Lot Details

2,101 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1900
  • Year Renovated: 2021
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Hardwood, Ceramic Tile
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Brick/Mortar
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 105.50
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: 90% 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
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 15.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2101.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2092.00
  • Tax Annual Amount: 3246.00
  • Assessor Parcel Number: 13-00-08408-003
  • Tax Lot: 92
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 14, 2024
Sold by
254 E Main St Holdings Llc
Bought by
R & R 2002 Llc
Seller's Agent
David Sawyer
Homestarr Realty
Buyer's Agent
Gurpreet Oberoi - Realtor
BHHS Fox & Roach-Haverford
List Price
$189,900
Sold Price
$177,500
Premium/Discount to List
-$12,400
-6.53%
Views
30
Current Estimated Value
$183,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,882
Avg. Annual Appreciation
1.72%
Original Mortgage
$100,000
Outstanding Balance
$98,655
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$84,727

Purchase Details

Closed on
Oct 26, 2020
Sold by
100 E Jacoby Street Llc
Bought by
254 E Main Street Holdings Llc

Purchase Details

Closed on
Oct 7, 2019
Sold by
Bullock Josephine M
Bought by
100 E Jacoby St Llc

Purchase Details

Closed on
May 16, 1989
Bought by
Bullock Josephine M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
R & R 2002 Llc $177,500 Trident Land Transfer
254 E Main Street Holdings Llc $113,678 None Available
100 E Jacoby St Llc $31,700 None Available
Bullock Josephine M $15,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R & R 2002 Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $177,500 -6.5% $99 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $189,900 -- $106 / 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 $3,276 $53,370 $25,180 $28,190
2024 $3,276 $53,370 $25,180 $28,190
2023 $3,246 $53,370 $25,180 $28,190
2022 $3,176 $53,370 $25,180 $28,190
2021 $3,161 $53,370 $25,180 $28,190
2020 $3,015 $53,370 $25,180 $28,190
2019 $2,960 $53,370 $25,180 $28,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2098576

Bright MLS

APN: 13-00-08408-003

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