NOT LISTED FOR SALE

41 W Summit Ave Telford, PA 18969

Estimated Value: $376,000 - $401,000

-- Bed
2 Baths
1,676 Sq Ft
$233/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $355,000 $212 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,565/month

5 Days on Market

Highlights

  • Cape Cod Architecture
  • Corner Lot
  • Ramp on the main level
  • Indian Crest Middle School Rated A-
  • 2 Car Detached Garage
  • Chairlift

About This Home

As of November 2023

Are you in search of a duplex that offers a unique opportunity to live in one unit while offsetting your mortgage by renting out the other? Look no further; this property is tailor-made for you! Whether you're an investor looking to expand your portfolio or a homeowner seeking to leverage the benefits of rental income, this duplex with a spacious two-car detached garage presents an attractive investment opportunity. The current owners have lived in the first-floor unit for more than four decades, and while some minor cosmetic updates are in order, they have diligently maintained and upgraded the most significant, high-value components. Recent improvements include a newer roof and modernizing the heating and central air conditioning units, ensuring that you'll have a comfortable and well-maintained living space. The first-floor unit offers two bedrooms, a welcoming living room, a formal dining room, a user-friendly kitchen, a full bathroom, and a delightful three-season sunroom. This unit also provides the convenience of central air conditioning and grants access to a covered front porch, a full basement with laundry facilities, and the two-car detached garage. With some tender loving care and a few updates, the first-floor unit and the garage have the potential to rent for $2,000 a month. The second-floor unit, which currently houses a one-bedroom configuration, is currently rented on a month-to-month basis for $800, with the owner covering all utilities. Notably, the electrical systems were once separated and could be easily reinstated with the addition of an outside meter. Opportunities like this are rare, don't miss the chance to explore this exceptional property for yourself. You'll be glad you did!

Last Agent to Sell the Property

Daryl Radcliff

RE/MAX Reliance Listed on: 10/18/2023

RE/MAX Reliance

Last Buyer's Agent

Gerald Peklak

RE/MAX Reliance License #RM419651

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,231

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 70.00 x 0.00
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • 1 Off-Street Space
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • 1,676 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Brick Exterior Construction
  • Brick Foundation

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump

Accessible Home Design

  • Grab Bars
  • Chairlift
  • Ramp on the main level

Outdoor Features

  • Shed

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for all utilities
  • Tax Lot 27
  • Assessor Parcel Number 22-02-02053-002

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,231

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Accessibility Features: Chairlift, Grab Bars Mod, Ramp - Main Level
  • Ownership: Fee Simple
  • Exclusions: basement washer and dryer...firefighter light in sunroom
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished, Outside Entrance, Sump Pump
  • Total Sq Ft: 1676
  • Living Area Sq Ft: 1676
  • Price Per Sq Ft: 187.95
  • Above Grade Finished Sq Ft: 1676
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 41

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Off Street, On Street
  • Off Street Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: SOUDERTON AREA
  • School District Key: 300200397037
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.26
  • Lot Dimensions: 70.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11248.00
  • Year Assessed: 2023
  • Zoning: 1132 RESIDENTIAL DUPLEX

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: All Utilities
  • Total Actual Rent: 9600.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 3847.00
  • Tax Annual Amount: 5231.00
  • Assessor Parcel Number: 22-02-02053-002
  • Tax Lot: 27
  • Tax Total Finished Sq Ft: 1676
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/13/2023

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2024
Sold by
Moore Michael G
Bought by
Moore Meredith
Current Estimated Value
$390,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,551
Outstanding Balance
$278,782
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$111,642

Purchase Details

Listed on
Oct 18, 2023
Closed on
Nov 13, 2023
Sold by
Ruth Herbert William
Bought by
Moore Michael G
Seller's Agent
Daryl Radcliff
RE/MAX Reliance
Buyer's Agent
Gerald Peklak
RE/MAX Reliance
List Price
$315,000
Sold Price
$355,000
Premium/Discount to List
$40,000
12.7%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Apr 25, 1980
Bought by
Ruth Herbert W and Ruth Arlene M
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
Moore Meredith $355,000 Indian Valley Closing Services
Moore Meredith $355,000 Indian Valley Closing Services
Moore Michael G $355,000 None Listed On Document
Ruth Herbert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Meredith $283,551
Closed Moore Meredith $283,551
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold $355,000 +12.7% $212 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $315,000 -- $188 / 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 $5,296 $117,570 $41,120 $76,450
2024 $5,296 $117,570 $41,120 $76,450
2023 $5,062 $117,570 $41,120 $76,450
2022 $4,925 $117,570 $41,120 $76,450
2021 $4,830 $117,570 $41,120 $76,450
2020 $4,766 $117,570 $41,120 $76,450
2019 $4,716 $117,570 $41,120 $76,450
2018 $3,302 $117,570 $41,120 $76,450
2017 $4,549 $117,570 $41,120 $76,450
2016 $4,503 $117,570 $41,120 $76,450
2015 $4,401 $117,570 $41,120 $76,450
2014 $4,401 $117,570 $41,120 $76,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2086956

Bright MLS

APN: 22-02-02053-002