NOT LISTED FOR SALE

404 Corinthian Ave Essington, PA 19029

Estimated Value: $311,000 - $386,000

-- Bed
2 Baths
2,016 Sq Ft
$170/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $189,900 $94 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,271/month

3 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Ceramic Tile Flooring
  • Deck
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of May 2020

Here is a great opportunity in Essington to start or build to your rental portfolio. 2 unit, stand alone duplex with long term tenants and separate utilities. The main level is rented to a long term tenant (almost 20 years) who is paying $700 a month. The main level features 2 bedrooms, 1 bath, large living room, large kitchen with eating area, and separate laundry room. The 2nd floor is rented for $900 month and has the same layout as the main level with its own private entrance. The property has a private driveway for each unit and a storage shed in the rear yard for each unit as well. The exterior is maintenance free vinyl siding with a newer roof. Each unit has its own gas heater, central air, gas hot water heater and laundry rooms. This is a well designed multi-family home and is a turn key investment opportunity.

Last Agent to Sell the Property

Peter McGuinn

(610) 804-6977 peterjmcguinn@gmail.com RE/MAX Main Line-West Chester License #RS278599 Listed on: 02/06/2020

RE/MAX Main Line-West Chester

Last Buyer's Agent

Holly Mahoney

(610) 839-7889 hollym803@gmail.com Weichert, Realtors - Cornerstone License #RS328216

Weichert, Realtors - Cornerstone

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 4,835 Sq Ft Lot
  • Lot Dimensions are 60.00 x 103.00

Home Design

  • 2,016 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 054-000
  • Assessor Parcel Number 45-00-00278-53

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings
  • New Construction: No
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Laminated
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 94.20
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Asphalt Driveway, Paved Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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

  • Improvement Assessed Value: 78720.00
  • Land Assessed Value: 23680.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 60.00 x 103.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4835.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: RES

Rental Info

  • Existing Lease Type: Long Term
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 19200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 568839
  • School Tax: 3807.00
  • Tax Annual Amount: 4817.00
  • Assessor Parcel Number: 45-00-00278-53
  • Tax Lot: 054-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: INTERBORO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
May 9, 2020
Sold by
Stephens Craig and Stephens Melanie
Bought by
Finnegan Joseph Patrick and Finnegan Joy
Seller's Agent
Peter McGuinn
RE/MAX Main Line-West Chester
Buyer's Agent
Holly Mahoney
Weichert, Realtors - Cornerstone
List Price
$189,900
Sold Price
$189,900
Current Estimated Value
$342,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,681
Avg. Annual Appreciation
11.15%
Original Mortgage
$65,000
Outstanding Balance
$33,003
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$309,578

Purchase Details

Closed on
Jul 10, 2015
Sold by
Stephens Craig
Bought by
Stephens Craig and Stephens Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 1995
Sold by
Dawood Adnan B and Dawood Najwa Y
Bought by
Stephens Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,908
Interest Rate
7.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Finnegan Joseph Patrick $189,900 Weichert Closing Services Co
Stephens Craig -- Servicelink
Stephens Craig $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finnegan Joseph Patrick $65,000
Previous Owner Stephens Craig $87,400
Previous Owner Stephens Craig $104,908
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $189,900 0.0% $94 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $189,900 -- $94 / 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
2025 $5,682 $179,770 $33,160 $146,610
2024 $5,682 $179,770 $33,160 $146,610
2023 $5,588 $179,770 $33,160 $146,610
2022 $5,484 $179,770 $33,160 $146,610
2021 $8,123 $179,770 $33,160 $146,610
2020 $4,817 $102,400 $23,680 $78,720
2019 $4,809 $102,400 $23,680 $78,720
2018 $4,714 $102,400 $0 $0
2017 $4,600 $102,400 $0 $0
2016 $562 $102,400 $0 $0
2015 $573 $102,400 $0 $0
2014 $562 $102,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE508580

Bright MLS

APN: 45-00-00278-53