NOT LISTED FOR SALE

428 E Chestnut St Souderton, PA 18964

Souderton Area

Estimated Value: $632,000 - $836,715

Studio
4 Baths
3,072 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: November 21, 2014

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

Est. 73% increase in value since last sale

Current estimated payment $4,898 / mo

15 Days on Market

Highlights

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

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

(215) 641-2500 bacuff@remax.net RE/MAX Services License #RM040214A Listed on: 09/08/2014

RE/MAX Services

Last Buyer's Agent

Debra Sterrett

(215) 723-8700 rmoyer@rittenhouseproperty.com Rittenhouse Property Management License #RS224995L

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,748

Year Built

  • Built in 1975

Lot Details

  • 15,300 Sq Ft 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

Unfinished Basement

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

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

0.35 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1975
  • 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

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

Lot Info

  • 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

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$744,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,429
Avg. Annual Appreciation
4.76%
Original Mortgage
$322,875
Outstanding Balance
$240,794
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$504,135

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Souderton, PA

  • Georgi Sensing Real Estate Agent - Compass RE

    Georgi Sensing

    Compass RE

    (856) 898-3546

    64 Total Sales

    1 in Souderton

    $415,000 Price

    Georgi Sensing
     Section Image
  • Tammy Smith Real Estate Agent - Long & Foster Real Estate, Inc.

    Tammy Smith

    Long & Foster Real Estate, Inc.

    (267) 651-8831

    72 Total Sales

    1 in Souderton

    $435,000 Price

    Tammy Smith
     Section Image
  • Bob Kelley Real Estate Agent - BHHS Fox & Roach-Blue Bell

    Bob Kelley

    BHHS Fox & Roach-Blue Bell

    (484) 978-9734

    676 Total Sales

    5 in Souderton

    $200K - $335K Price Range

    Bob Kelley
     Section Image
  • Deana Corrigan Real Estate Agent - Compass RE

    Deana Corrigan

    Compass RE

    (888) 605-3983

    271 Total Sales

    1 in Souderton

    $325,000 Price

    Deana Corrigan
     Section Image
  • Earl Caffrey Real Estate Agent - Innovate Real Estate

    Earl Caffrey

    Innovate Real Estate

    (484) 978-9260

    63 Total Sales

    2 in Souderton

    $365K - $620K Price Range

    Earl Caffrey
     Section Image
  • Kelly Steyn Real Estate Agent - EXP Realty, LLC

    Kelly Steyn

    EXP Realty, LLC

    (856) 409-7020

    135 Total Sales

    3 in Souderton

    $290K - $510K Price Range

    Kelly Steyn
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$444,000 None Available
Kratz Andrew K -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,450 $183,390
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 Real Estate Agent - RE/MAX

    Seller's Agent in 2014

    Robert Acuff

    RE/MAX

    (215) 275-1200

    49 Total Sales

    Robert Acuff
    Section Image
  • Debra Sterrett Real Estate Agent - Rittenhouse Property Management

    Buyer's Agent in 2014

    Debra Sterrett

    Rittenhouse Property Management

    (215) 723-8700

    1 Total Sale

    Debra Sterrett
    Section Image
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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

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