NOT LISTED FOR SALE

406 S Hanover St Pottstown, PA 19465

North Coventry Neighborhood

Estimated Value: $243,000 - $334,000

-- Bed
1 Bath
1 Sq Ft
$291,552/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $375,000 $375,000 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $1,722/month

Highlights

  • 2.01 Acre Lot
  • No HOA
  • Central Air
  • North Coventry Elementary School Rated A
  • En-Suite Primary Bedroom
  • 5-minute walk to Riverside Park

About This Home

As of June 2016

Great investment opportunity/business location. 2 acre multi-use property located at the southeast corner of the Rt. 422 and S. Hanover Street interchange. Consisting of 3 separate parcels, this high visibility property includes a large heated two-story (two-unit) Barn/Workshop structure (used by contractors, auto repair, landscapers), Two colonial style 3-bedroom single residences, a separate 4 unit apartment house, detached 3 car Garage, and office shed. There is extensive parking and outdoor storage space. Tenants pay their own heat & electricity. Town Center Residential Zoning. This is an ideal property for an owner who utilizes the barn workspace and leases out the 6 residential units. Very convenient location along Rt. 422. Three parcels included in sale include 406, 410, and 418 S. Hanover Street. Acreage and taxes listed reflect all 3 parcels.

Last Agent to Sell the Property

Brian Kelly

(610) 715-9762 bkelly@gokellyrealestate.com Kelly Real Estate, Inc. License #RM052045A Listed on: 07/25/2015

Last Buyer's Agent

Staci Aquilante

(610) 906-6732 staci@providencerealtyservices.com Realty One Group Restore - Collegeville License #RS305436

Realty One Group Restore - Collegeville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 2.01

Home Design

  • Stucco

Parking

  • 8 Open Parking Spaces
  • 11 Parking Spaces
  • Parking Lot

Schools

  • Owen J Roberts High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House
  • 2.01 Acre Lot

Listing and Financial Details

  • Tax Lot 0145
  • Assessor Parcel Number 17-03D-0145, 17-03D-0146, 17-03D-0147

Community Details

Overview

  • No Home Owners Association

Building Details

  • Other Expense $15,000
  • Operating Expense $26,292

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Tenant Possessions
  • New Construction: No
  • Other Expense: 15000.00
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1
  • Living Area Sq Ft: 1
  • Price Per Sq Ft: 399000.00
  • Above Grade Finished Sq Ft: 1
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Construction Completed: No
  • 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: 8
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: OWEN J ROBERTS

Lot Info

  • Improvement Assessed Value: 52530.00
  • Land Assessed Value: 37950.00
  • Lot Size Acres: 2.01
  • Lot Size Units: Square Feet
  • Zoning: TC-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 75600.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

Tax Info

  • Assessor Parcel Number: 247840
  • Tax Annual Amount: 11292.00
  • Assessor Parcel Number: 17-03D-0145, 17-03D-0146, 17-03D-0147
  • Tax Lot: 0145
  • Tax Year: 2016

MLS Schools

  • School District Name: OWEN J ROBERTS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2015
Closed on
Jun 10, 2016
Sold by
Brick House Partnership Lp
Bought by
Rbm Management Llc
Seller's Agent
Brian Kelly
Kelly Real Estate, Inc.
Buyer's Agent
Staci Aquilante
Realty One Group Restore - Collegeville
List Price
$425,000
Sold Price
$375,000
Premium/Discount to List
-$50,000
-11.76%
Current Estimated Value
$291,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,448
Avg. Annual Appreciation
-2.64%
Original Mortgage
$300,000
Outstanding Balance
$239,465
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$52,087

Purchase Details

Closed on
Dec 3, 2004
Sold by
Kerlin Frederick G
Bought by
Brick House Partnership Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2003
Sold by
Ruyak Joanne K and Kerlin Frederick G
Bought by
Kerlin Frederick G
Source: Public Records

Range of Values:

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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
Rbm Management Llc $375,000 Attorney
Brick House Partnership Lp $250,000 --
Kerlin Frederick G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rbm Management Llc $300,000
Previous Owner Brick House Partnership Lp $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $375,000 -11.8% $375,000 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
07/25/2015 07/25/15 For Sale $425,000 -- $425,000 / 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 $2,357 $55,650 $37,950 $17,700
2024 $2,357 $55,650 $37,950 $17,700
2023 $2,324 $55,650 $37,950 $17,700
2022 $2,276 $55,650 $37,950 $17,700
2021 $2,236 $55,650 $37,950 $17,700
2020 $2,180 $55,650 $37,950 $17,700
2019 $2,140 $55,650 $37,950 $17,700
2018 $2,083 $55,650 $37,950 $17,700
2017 $3,298 $90,480 $37,950 $52,530
2016 $2,785 $90,480 $37,950 $52,530
2015 $2,785 $90,480 $37,950 $52,530
2014 $2,785 $90,480 $37,950 $52,530
Source: Public Records

Agents Affiliated with this Home

  • Brian Kelly

    Seller's Agent in 2016

    Brian Kelly

    Kelly Real Estate, Inc.

    (610) 715-9762

    6 in this area

    172 Total Sales

    Brian Kelly
    Section Image
  • Staci Aquilante

    Buyer's Agent in 2016

    Staci Aquilante

    Realty One Group Restore - Collegeville

    (610) 906-6732

    2 in this area

    60 Total Sales

    Staci Aquilante
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002665556

Bright MLS

APN: 17-03D-0145.0000

Pennsylvania Chester County Pottstown 19465 North Coventry

406 S Hanover St, Pottstown, PA

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