NOT LISTED FOR SALE

428 E Chestnut St Souderton, PA 18964

Estimated Value: $393,000 - $813,505

-- Bed
4 Baths
3,072 Sq Ft
$196/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $430,500 $140 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,969/month

15 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Laundry Facilities
  • Indian Crest Middle School Rated A-
  • Hot Water Heating System
  • Wall to Wall Carpet

About This Home

As of November 2014

A genuine 4 unit apartment building in a wonderful residential area. Solidly built, full basement with co-op laundry and storage units for each apartment. To make this even more valuable, the owner will install three new hot water oil burners so the tenants will pay their own heat! If you are looking for a solid investment opportunity, places like this do not come up very often. Off street parking, walking distance to shopping and transportation.

Last Agent to Sell the Property

Robert Acuff

RE/MAX Services License #RM040214A Listed on: 09/08/2014

RE/MAX Services

Last Buyer's Agent

Debra Sterrett

Rittenhouse Property Management License #RS224995L

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,748

Year Built

  • Built in 1975

Lot Details

  • 0.35 Acre Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • 3,072 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Stucco

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 026
  • Assessor Parcel Number 21-00-01928-004

Community Details

Building Details

  • Electric Expense $721
  • Insurance Expense $1,500
  • Maintenance Expense $224
  • Operating Expense $11,113

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,748

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1975
  • Remarks Public: A genuine 4 unit apartment building in a wonderful residential area. Solidly built, full basement with co-op laundry and storage units for each apartment. To make this even more valuable, the owner will install three new hot water oil burners so the tenants will pay their own heat! If you are looking for a solid investment opportunity, places like this do not come up very often. Off street parking, walking distance to shopping and transportation.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 3072
  • Living Area Sq Ft: 3072
  • Price Per Sq Ft: 146.48
  • Above Grade Finished Sq Ft: 3072
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 428

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • 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: 5

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 721.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Oil, Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1920.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOUDERTON AREA
  • School District Key: 300200397037

Lot Info

  • Land Use Code: 1136
  • Lot Size Acres: 0.35
  • Lot Dimensions: 100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15300.00
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 37740.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 638507
  • Tax Annual Amount: 6748.00
  • Assessor Parcel Number: 21-00-01928-004
  • Tax Lot: 026
  • Tax Year: 2014
  • Close Date: 11/21/2014

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2014
Closed on
Nov 12, 2014
Sold by
Kratz Kenneth A and Kratz Andrew K
Bought by
Ambrose J Jeffrey and Ambrose Beth A
Seller's Agent
Robert Acuff
RE/MAX Services
Buyer's Agent
Debra Sterrett
Rittenhouse Property Management
List Price
$450,000
Sold Price
$430,500
Premium/Discount to List
-$19,500
-4.33%
Current Estimated Value
$602,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,376
Avg. Annual Appreciation
3.17%
Original Mortgage
$322,875
Outstanding Balance
$248,048
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$354,828

Purchase Details

Closed on
Jun 10, 2008
Sold by
Kratz Kenneth A and Kratz Andrew K
Bought by
Kratz Andrew K and Kenneth K Kratz Est Marital Tr
Source: Public Records

Range of Values:

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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
Ambrose J Jeffrey $444,000 None Available
Kratz Andrew K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambrose J Jeffrey $322,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $430,500 -4.3% $140 / Sq Ft
09/23/2014 09/23/14 Pending -- -- --
09/08/2014 09/08/14 For Sale $450,000 -- $146 / 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 $8,282 $183,390 $52,940 $130,450
2024 $8,282 $183,390 $52,940 $130,450
2023 $7,789 $183,390 $52,940 $130,450
2022 $7,573 $183,390 $52,940 $130,450
2021 $7,389 $183,390 $52,940 $130,450
2020 $7,277 $183,390 $52,940 $130,450
2019 $7,198 $183,390 $52,940 $130,450
2018 $1,716 $183,390 $52,940 $130,450
2017 $6,995 $183,390 $52,940 $130,450
2016 $6,922 $183,390 $52,940 $130,450
2015 $6,800 $183,390 $52,940 $130,450
2014 $6,800 $183,390 $52,940 $130,450
Source: Public Records

Agents Affiliated with this Home

  • Robert Acuff

    Seller's Agent in 2014

    Robert Acuff

    RE/MAX

    (215) 275-1200

    7 in this area

    52 Total Sales

    Robert Acuff
    Section Image
  • Debra Sterrett

    Buyer's Agent in 2014

    Debra Sterrett

    Rittenhouse Property Management

    (215) 723-8700

    1 Total Sale

    Debra Sterrett
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003073218

Bright MLS

APN: 21-00-01928-004

Pennsylvania Montgomery County Souderton 18964

428 E Chestnut St, Souderton, PA

This home is located at 428 E Chestnut St, Souderton, PA 18964 since 08 September 2014 and is currently estimated at $602,876, approximately $196 per square foot. This property was built in 1975. 428 E Chestnut St is a home located in Montgomery County with nearby schools including E M Crouthamel Elementary School, Indian Crest Middle School, and Souderton Area Senior High School.

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