NOT LISTED FOR SALE

405 Walnut St Spring City, PA 19475

Estimated Value: $417,000 - $486,469

-- Bed
3 Baths
1,928 Sq Ft
$228/Sq Ft Est. Value

Last Sold June 26, 2018

Last sale price $225,000 $117 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,634/month

3 Days on Market

Highlights

  • No HOA
  • 3 Car Detached Garage
  • En-Suite Primary Bedroom
  • Spring-Ford Middle School 8th Grade Center Rated A
  • Parking Storage or Cabinetry
  • Wall to Wall Carpet

About This Home

As of June 2018

ATTENTION INVESTORS! Great investment property with monthly income of $2,675! The property includes a brick twin duplex and a detached apartment and adjoining 3-car garage! The garage is currently being used as a woodworking shop. The duplex features a 1st floor unit with high ceilings, living room, large eat-in kitchen, 2 bedrooms, full bath and access to basement with washer & dryer hook-ups! The 2nd floor unit features an updated kitchen, dining room with large window, living room and full bath. The 2 bedrooms for this unit are located on the upper level. There is also a great apartment with adjoining 3-car garage! The apartment has 2 bedrooms, living room, kitchen, laundry area and full bath! (The address for this property is 260 Cedar Street, but is included in tax parcel for 405 Walnut Street). Property is being sold in "as-is" condition. Very nice property with a large side yard in the upper part of Spring City Borough! Wonderful income-producing investment. Don't wait on this one!

Last Agent to Sell the Property

Mary Ann Sundell

RE/MAX Centre Realtors License #RS221364L Listed on: 05/15/2018

RE/MAX Centre Realtors

Last Buyer's Agent

Kathleen Wolfgang

Keller Williams Real Estate -Exton

Keller Williams Real Estate -Exton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,740

Year Built

  • Built in 1900

Lot Details

  • 9,027 Sq Ft Lot

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Triplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,928 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Spring City Elementary Hybrid Learning School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Operating Expense $3,740

Listing and Financial Details

  • Tax Lot 0049
  • Assessor Parcel Number 14-06 -0049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,740

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • Inclusions: Two Refrigerators, Washer, Dryer
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1900
  • Remarks Public: ATTENTION INVESTORS! Great investment property with monthly income of $2,675! The property includes a brick twin duplex and a detached apartment and adjoining 3-car garage! The garage is currently being used as a woodworking shop. The duplex features a 1st floor unit with high ceilings, living room, large eat-in kitchen, 2 bedrooms, full bath and access to basement with washer & dryer hook-ups! The 2nd floor unit features an updated kitchen, dining room with large window, living room and full bath. The 2 bedrooms for this unit are located on the upper level. There is also a great apartment with adjoining 3-car garage! The apartment has 2 bedrooms, living room, kitchen, laundry area and full bath! (The address for this property is 260 Cedar Street, but is included in tax parcel for 405 Walnut Street). Property is being sold in "as-is" condition. Very nice property with a large side yard in the upper part of Spring City Borough! Wonderful income-producing investment. Don't wait on this one!
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1928
  • Living Area Sq Ft: 1928
  • Price Per Sq Ft: 114.11
  • Above Grade Finished Sq Ft: 1928
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 405

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: 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 Spaces: 3.00
  • Garage: Yes
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SPRING-FORD AREA
  • Elementary School: SPRING CITY ELEMENTARY HYBRID LEARNING SCHOOL
  • School District Key: 300200397333
  • Elementary School: SPRING CITY ELEMENTARY HYBRID LEARNING SCHOOL

Lot Info

  • Improvement Assessed Value: 76320.00
  • Land Assessed Value: 30580.00
  • Land Use Code: R20
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9027.00
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 32100.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 237066
  • Tax Annual Amount: 3740.00
  • Assessor Parcel Number: 14-06 -0049
  • Tax Lot: 0049
  • Tax Year: 2018
  • Close Date: 06/26/2018

MLS Schools

  • School District Name: SPRING-FORD AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Jun 26, 2018
Sold by
Marranzini Ralph R
Bought by
Broker Lori Kline
Seller's Agent
Mary Ann Sundell
RE/MAX Centre Realtors
Buyer's Agent
Kathleen Wolfgang
Keller Williams Real Estate -Exton
List Price
$220,000
Sold Price
$225,000
Premium/Discount to List
$5,000
2.27%
Current Estimated Value
$399,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,786
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Nov 18, 2008
Sold by
Noska Erik G and Noska Nina L
Bought by
Marranzini Ralph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2004
Sold by
Campbell Seth E and Campbell Barbara L
Bought by
Noska Erik G and Noska Nina L
Source: Public Records

Range of Values:

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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
Broker Lori Kline $225,000 First Land Transfer Llc
Marranzini Ralph R $220,000 None Available
Noska Erik G $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marranzini Ralph R $100,000
Previous Owner Marranzini Ralph R $176,000
Previous Owner Noska Erik G $198,750
Previous Owner Noska Erik Q $14,178
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2018 06/26/18 Sold $225,000 +2.3% $117 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $220,000 -- $114 / 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 $5,342 $131,560 $30,580 $100,980
2023 $4,212 $106,900 $30,580 $76,320
2022 $4,112 $106,900 $30,580 $76,320
2021 $4,053 $106,900 $30,580 $76,320
2020 $3,927 $106,900 $30,580 $76,320
2019 $3,844 $106,900 $30,580 $76,320
2018 $3,740 $106,900 $30,580 $76,320
2017 $3,740 $106,900 $30,580 $76,320
2016 $424 $106,900 $30,580 $76,320
2015 $424 $106,900 $30,580 $76,320
2014 $424 $106,900 $30,580 $76,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001411746

Bright MLS

APN: 14-006-0049.0000