NOT LISTED FOR SALE

401 S Main St Quakertown, PA 18951

-- Bed
-- Bath
5,249 Sq Ft
0.38 Acres

Last Sold October 04, 2019

Last sale price $545,000 $104 Per Sq Ft

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Paneling
  • Wood Flooring
  • No HOA
  • Electric Baseboard Heater

About This Home

As of October 2019

Historic stone farmhouse that was once a stop on the 19th century Underground Railroad now houses 6 residential apartments. All units are currently rented with good cash flow. There are 3 heat sources, including electric baseboard in all the units. 2 new gas on demand heating units with provisions for the installation of 6 total. In addition there is newer oil hot water boiler with a flow metering system to determine individual heat costs for each unit that is currently not in use.

Last Agent to Sell the Property

James Valentine

(215) 858-2922 jvalentine@remax440.com RE/MAX 440 - Perkasie License #AB045217A Listed on: 04/11/2019

Last Buyer's Agent

Dorothy Thornton

(215) 345-6244 dorothythornton@att.net Coldwell Banker Hearthside-Doylestown

Coldwell Banker Hearthside-Doylestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,695

Year Built

  • Built in 1890

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100.00 x 165.00
  • Historic Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Plaster Walls
  • Shingle Roof

Interior Spaces

  • 5,249 Sq Ft Home
  • Paneling
  • 1 Fireplace

Flooring

  • Wood
  • Carpet

Unfinished Basement

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

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • 220 Volts
  • Propane
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for real estate taxes, insurance, water, sewer
  • Tax Lot 008-001
  • Assessor Parcel Number 35-007-008-001

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $3,874
  • Operating Expense $9,023
  • Gross Income $60,540
  • Net Operating Income $39,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,695

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: Yes
  • Inclusions: Refrigerators
  • New Construction: No
  • Expected On Market: 2019-04-11
  • Year Built: 1890
  • Remarks Public: Historic stone farmhouse that was once a stop on the 19th century Underground Railroad now houses 6 residential apartments. All units are currently rented with good cash flow. There are 3 heat sources, including electric baseboard in all the units. 2 new gas on demand heating units with provisions for the installation of 6 total. In addition there is newer oil hot water boiler with a flow metering system to determine individual heat costs for each unit that is currently not in use.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Carpet
  • Fireplaces Count: 1
  • Wall Ceiling Types: Plaster Walls, Dry Wall, Paneled Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 5249
  • Living Area Sq Ft: 5249
  • Price Per Sq Ft: 108.57
  • Above Grade Finished Sq Ft: 5249
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 401

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • 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)
  • Electric Service: 220 Volts
  • Heating Fuel: Natural Gas, Electric, Oil
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available, Sewer Available, Natural Gas Available, Propane, Cable Tv
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: QUAKERTOWN COMMUNITY
  • School District Key: 300200397165
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 34080.00
  • Land Assessed Value: 6320.00
  • Land Use Code: 1140
  • Lot Size Acres: 0.38
  • Lot Dimensions: 100.00 x 165.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16500.00
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: R2

Rental Info

  • Owner Pays: Taxes - Real Estate, Insurance, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 60540.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 164062
  • School Tax: 6641.00
  • Tax Annual Amount: 7695.00
  • Assessor Parcel Number: 35-007-008-001
  • Tax Lot: 008-001
  • Tax Total Finished Sq Ft: 5249
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/04/2019

Multi Family

  • Gross Income: 60540.00
  • Gross Scheduled Income: 60540.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 9023.00

MLS Schools

  • School District Name: QUAKERTOWN COMMUNITY

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $545,000 0.0% $104 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
07/19/2019 07/19/19 Off Market $545,000 -- --
04/25/2019 04/25/19 Price Changed $569,900 -0.9% $109 / Sq Ft
04/11/2019 04/11/19 For Sale $575,000 -- $110 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Valentine

    Seller's Agent in 2019

    James Valentine

    RE/MAX

    (215) 858-2922

    1 in this area

    29 Total Sales

    James Valentine
    Section Image

  • D

    Buyer's Agent in 2019

    Dorothy Thornton

    Coldwell Banker Hearthside-Doylestown

    Section Image
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Map

Source: Bright MLS

MLS Number: PABU464760

Bright MLS
Pennsylvania Bucks County Quakertown 18951

401 S Main St, Quakertown, PA

This home is located at 401 S Main St, Quakertown, PA 18951 since 11 April 2019. This property was built in 1890. 401 S Main St is a home located in Bucks County with nearby schools including Quakertown Elementary School, Strayer Middle School, and Quakertown Community Senior High School.

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