NOT LISTED FOR SALE

421 N Walnut St West Chester, PA 19380

-- Bed
4 Baths
3,577 Sq Ft
5,624 Sq Ft Lot

Last Sold December 20, 2013

Last sale price $582,500 $163 Per Sq Ft

26 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating and Cooling System
  • Hillsdale Elementary School Rated A
  • En-Suite Primary Bedroom
  • 2-minute walk to Marshall Square Park

About This Home

As of December 2013

Investor Alert! Excellent opportunity to purchase a "turn-key" four unit apartment in West Chester Borough. This property resides at the corner of N. Walnut Street and Lafayette. A quiet and desirable area that is a four block stroll to the center of town and one block to Marshall Square Park. Each unit has its own Heating and Central air. There is a coin operated laundry facility in the basement, (common area for all tenants). Each unit has its own hot water heater as well. This property has a terrific rental history with minimal vacancy. Drive through the tree lined streets of this North Side location and you will see why it has an excellent rental history. Far enough away from the action for those that desire peace and quiet, yet close enough to visit some of the best restaurants available outside of the city. All units are currently leased. Agent will provide all leases upon due diligence / inspection period.

Last Agent to Sell the Property

Jack Weikert

Keller Williams Realty Devon-Wayne Listed on: 09/23/2013

Keller Williams Realty Devon-Wayne

Last Buyer's Agent

Glenn Perry

Glenn Associates* License #TREND:027258

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,344

Year Built

  • Built in 1868

Lot Details

  • 5,624 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,577 Sq Ft Home
  • Ceiling Fan

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

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

Schools

  • West Chester East High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • 60 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0099
  • Assessor Parcel Number 01-05 -0099

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $869
  • Insurance Expense $1,400
  • Maintenance Expense $1,200
  • Other Expense $628
  • Operating Expense $10,992

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,344

Year Built

Built in 1868

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 628.00
  • Storage: Basement
  • Year Built: 1868
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 3577
  • Living Area Sq Ft: 3577
  • Price Per Sq Ft: 174.70
  • Above Grade Finished Sq Ft: 3577
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 869.00
  • Electric Service: 60 Amp Service, 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1551.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WEST CHESTER AREA
  • High School: WEST CHESTER EAST
  • School District Key: 300200397342
  • High School: WEST CHESTER EAST

Lot Info

  • Improvement Assessed Value: 141070.00
  • Land Assessed Value: 38300.00
  • Land Use Code: R10
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5624.00
  • Property Attached Yn: Yes
  • Zoning: NC2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 46800.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 220799
  • Tax Annual Amount: 5344.00
  • Assessor Parcel Number: 01-05 -0099
  • Tax Lot: 0099
  • Tax Year: 2013
  • Close Date: 12/20/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2013
Closed on
Dec 18, 2013
Sold by
Knapp Michael E and Knapp Lynn E
Bought by
Uptown Venture Group Llc
Seller's Agent
Jack Weikert
Keller Williams Realty Devon-Wayne
Buyer's Agent
Glenn Perry
Glenn Associates*
List Price
$624,900
Sold Price
$582,500
Premium/Discount to List
-$42,400
-6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$431,250
Outstanding Balance
$329,860
Interest Rate
4.35%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$597,316

Purchase Details

Closed on
Oct 24, 2008
Sold by
Dulin Christopher and Dulin Marina
Bought by
Knapp Michael E and Knapp Lynn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,500
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2006
Sold by
Stephenson Leslie L and Stephenson Reva A
Bought by
Dulin Christopher and Dulin Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
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

Property History

Date Event Price Change Sq Ft Price
12/20/2013 12/20/13 Sold $582,500 -6.8% $163 / Sq Ft
10/19/2013 10/19/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $624,900 -- $175 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jack Weikert

    Seller's Agent in 2013

    Jack Weikert

    Keller Williams Realty Devon-Wayne

    (610) 564-9287

    32 Total Sales

    Jack Weikert
    Section Image

  • G

    Buyer's Agent in 2013

    Glenn Perry

    Glenn Associates*

See All Agents

Map

Source: Bright MLS

MLS Number: 1003560379

Bright MLS

APN: 0105 00990000

Pennsylvania Chester County West Chester 19380

421 N Walnut St, West Chester, PA

This home is located at 421 N Walnut St, West Chester, PA 19380 since 23 September 2013. This property was built in 1868. 421 N Walnut St is a home located in Chester County with nearby schools including Hillsdale Elementary School, E.N. Peirce Middle School, and Henderson High School.

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