Seller's Agent in 2017
James Mellon
Weichert, Realtors - Cornerstone
(484) 995-2130
27 Total Sales
Estimated Value: $283,000 - $529,000
--
Bed
2
Baths
3,302
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted In Outer Wall Opening
- En-Suite Primary Bedroom
- Glenwood Elementary School Rated A
- Summer or Winter Changeover Switch For Hot Water
- Ceiling Fan
About This Home
As of January 2017? INVESTORS DELIGHT! Up dated and presently rented until October 2017, with great tenants, this three unit building generates rental income of $32,100 to $50,280.00. The bottom unit will be vacated in mid November 2016 and presently rents for $1500.00 a month. This is a side by side twin with a large one floor commercial office on the bottom floor that is rented for prof. use. Or you can easily convert this to an additional residential unit since it has a bathroom and full kitchen and would be great for Neumann University students. The twin units have 3 -4 bedrooms and two baths and have been freshly painted with new rugs on most of the floors. A new roof was installed on 6/14. There is parking space for 3-4 cars in the front of the building and additional parking in the rear for the apartments. Owners pay for water, heat and sewer. Ideally located in a quiet section of Lenni, this unique property is a "money winner" and ready for you!
Last Agent to Sell the Property
(484) 995-2130 jmellon@weichert.com Weichert, Realtors - Cornerstone License #L1326767 Listed on: 10/24/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,233
Year Built
- Built in 1890
Lot Details
- 7,231 Sq Ft Lot
- Lot Dimensions are 70x142
Parking
- 4 Open Parking Spaces
Home Design
- Stone Foundation
- Shingle Roof
- Stone Siding
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- En-Suite Primary Bedroom
- 3,302 Sq Ft Home
- Ceiling Fan
- Wall to Wall Carpet
- Unfinished Basement
- Partial Basement
- Laundry in unit
Schools
- Penncrest High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Radiator
- Heating System Uses Oil
- Baseboard Heating
- Summer or Winter Changeover Switch For Hot Water
Listing and Financial Details
- Tax Lot 013-000
- Assessor Parcel Number 27-00-01230-00
Community Details
Overview
- No Home Owners Association
- Crozierville Subdivision
Building Details
- Insurance Expense $1,000
- Other Expense $10,000
- Operating Expense $16,233
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2016
Closed on
Dec 20, 2016
Sold by
Maxamella Properties Llc
Bought by
Groundhog Properties Llc
Seller's Agent
James Mellon
Weichert, Realtors - Cornerstone
Buyer's Agent
John Port
Long & Foster Real Estate, Inc.
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,146
Avg. Annual Appreciation
2.85%
Original Mortgage
$260,000
Outstanding Balance
$213,802
Interest Rate
4.13%
Mortgage Type
Commercial
Estimated Equity
$215,344
Purchase Details
Closed on
Jul 29, 2013
Sold by
Susquehanna Bank
Bought by
Ritacco Donald and Ritacco Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 5, 2013
Sold by
Mcandrew John E
Bought by
Susquehanna Bank
Purchase Details
Closed on
May 31, 2001
Sold by
Lane George and Lane Joan
Bought by
Mcandrew John E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.08%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Groundhog Properties Llc | $335,000 | None Available | |
| Ritacco Donald | $240,000 | None Available | |
| Susquehanna Bank | -- | None Available | |
| Mcandrew John E | $235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Groundhog Properties Llc | $260,000 | |
| Previous Owner | Ritacco Donald | $180,000 | |
| Previous Owner | Mcandrew John E | $188,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2017 01/12/17 | Sold | $335,000 | -4.3% | $101 / Sq Ft |
| 11/12/2016 11/12/16 | Pending | -- | -- | -- |
| 10/24/2016 10/24/16 | For Sale | $349,900 | -- | $106 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,895 | $253,210 | $73,750 | $179,460 |
| 2024 | $4,895 | $253,210 | $73,750 | $179,460 |
| 2023 | $4,723 | $253,210 | $73,750 | $179,460 |
| 2022 | $4,602 | $253,210 | $73,750 | $179,460 |
| 2021 | $7,836 | $253,210 | $73,750 | $179,460 |
| 2020 | $5,589 | $165,700 | $45,970 | $119,730 |
| 2019 | $5,410 | $165,700 | $45,970 | $119,730 |
| 2018 | $5,335 | $165,700 | $0 | $0 |
| 2017 | $5,216 | $165,700 | $0 | $0 |
| 2016 | $909 | $165,700 | $0 | $0 |
| 2015 | $928 | $165,700 | $0 | $0 |
| 2014 | $928 | $165,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Mellon
-
John Port
Buyer's Agent in 2017
John Port
Long & Foster
(215) 852-8689
3 in this area
407 Total Sales
Map
Source: Bright MLS
MLS Number: 1003939475
APN: 27-00-01230-00
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