$625,000
SOLD JUL 13, 2021

40 E Indian Ln Norristown, PA 19403

2 Beds
2 Baths
2,380 Sq Ft
8,500 Sq Ft Lot

Recently Sold

$263 Per Sq Ft

Highlights

  • Home fronts navigable water
  • In Ground Pool
  • 1 Fireplace
  • Water Access
  • Colonial Architecture
  • No HOA

About This Home

As of July 2021

This home is located at 40 E Indian Ln, Norristown, PA 19403 and is currently priced at $625,000, approximately $262 per square foot. This property was built in 1925. 40 E Indian Ln is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, Paul V Fly Elementary School, and East Norriton Middle School.

Last Agent to Sell the Property

Jordan Arnold

Compass RE Listed on: 05/23/2021

Compass RE

Last Buyer's Agent

Jordan Arnold

Compass RE Listed on: 05/23/2021

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,109

Year Built

  • Built in 1925

Lot Details

  • 8,500 Sq Ft Lot
  • Lot Dimensions are 100.00 x 0.00
  • Home fronts navigable water
  • Property is zoned RA

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 2,380 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Partial Basement

Bedrooms and Bathrooms

Outdoor Features

  • In Ground Pool
  • Water Access
  • Property is near a lake

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Jeffersonville Subdivision

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number 63-00-03373-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,109

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1925
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2380
  • Living Area Sq Ft: 2380
  • Price Per Sq Ft: 262.61
  • Above Grade Finished Sq Ft: 2380
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Pool Features: In Ground
  • Water Access: Yes
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • 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: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1101
  • Lot Size Acres: 0.20
  • Lot Dimensions: 100.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8500.00
  • Year Assessed: 2021
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 851902
  • School Tax: 6731.00
  • Tax Annual Amount: 8109.00
  • Assessor Parcel Number: 63-00-03373-002
  • Tax Lot: 012
  • Tax Total Finished Sq Ft: 2380
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/13/2021

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2021
Closed on
Jul 13, 2021
Sold by
Bath Thomas J and Bath Catherine Crane
Bought by
Bakalov Bojidar and Patroneva Bakalova Albena
Seller's Agent
Jordan Arnold
Compass RE
Buyer's Agent
Jordan Arnold
Compass RE
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$590,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,018
Avg. Annual Appreciation
-3.33%
Original Mortgage
$400,000
Outstanding Balance
$312,215
Interest Rate
2.24%
Mortgage Type
New Conventional
Estimated Equity
$233,028

Purchase Details

Closed on
Jun 15, 2001
Sold by
Dunne Roseann
Bought by
Bath Thomas J and Bath Catherine Crane
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $625,000 None Available
Deed $325,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $625,000 0.0% $263 / Sq Ft
05/23/2021 05/23/21 Pending -- -- --
05/23/2021 05/23/21 For Sale $625,000 -- $263 / 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
2024 $8,306 $170,000 $84,000 $86,000
2023 $8,212 $170,000 $84,000 $86,000
2022 $8,159 $170,000 $84,000 $86,000
2021 $8,109 $170,000 $84,000 $86,000
2020 $7,867 $170,000 $84,000 $86,000
2019 $7,691 $170,000 $84,000 $86,000
2018 $6,029 $170,000 $84,000 $86,000
2017 $7,261 $170,000 $84,000 $86,000
2016 $7,195 $170,000 $84,000 $86,000
2015 $6,666 $170,000 $84,000 $86,000
2014 $6,666 $170,000 $84,000 $86,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC694602

Bright MLS

APN: 63-00-03373-002