NOT LISTED FOR SALE

432 E Baltimore Ave Media, PA 19063

Media Area

Estimated Value: $1,147,967 - $1,521,000

Studio
8 Baths
4,800 Sq Ft
$278/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2021

Last sale price $999,900 $208 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,636 / mo

102 Days on Market

Highlights

  • Gourmet Kitchen
  • 3-minute walk to Bowling Green
  • No HOA
  • Media Elementary School Rated A
  • Colonial Architecture
  • Breakfast Area or Nook

About This Home

As of July 2021

Outstanding Cash Flow Positive, 4 year New, Quadplex featuring 2 Mixed Use Professional/Retail units and 2 Residential 2 story Rentals in the heart of Media PA with rare private parking lot. This great HBO (Highway Business Office) zoned property features Two Professional/Retail Office Suites with Main Office/Storefront, Bathroom, Extra very large Office/Exam/Storage/Production Room and Kitchenette area . Both Suites are level, ground floor accessible, from large private parking lot. Suites feature tons of windows and French Balcony doors. Tremendous traffic count both pedestrian and vehicle. This incredible building also includes Two Residential Rental Units. Both units are 2 story, 2 bedroom, 2 full bath with private entrances as well as tons of closet space, laundry closets with full size appliances. The residential units feature granite countertops, custom premier wood cabinetry, all stainless appliances, granite breakfast bar, ceramic tile flooring, ceiling fans, central air. All units feature an abundance of overhead hi-hat lighting. Hardwired smoke detectors. Entire building was brand new build in 2018. This is one of the biggest, newest, nicest, commercial and apartment building combinations that you will find in Media without having to build a brand new one yourself. Walkability score is off the charts as Wawa is directly across the street as well as other amenities abounding in every direction. Building is easy accessible on foot or by car. Public transportation is one block walk which is perfect for tenants as well as office professionals and their clients. All units are move-in, Turn Key ready condition ready and waiting for installation of tenants of their choice by the new investor owner. Most recent rents have been $1,850 a month for the residential units and $2,800 a month for the Suites. The two suites consist of main office/retail area of 19 x 24, second room of 10 x 15, Bathroom of 7x7. Professional spaces and bath are accessible compliant from parking lot through office and bath and feature Kitchenette sink area. Abundant street and sidewalk traffic and maximum visibility. Lots of windows plus french balcony doors. 2 story Residential units feature 1st level with 29x17 living/dining/Kitchen area, full bath with tub, 12x12 bedroom, full walk in closet, hall closet, laundry closet with full size washer & dryer. 2nd level features 19x26 master suite with full shower bath, walk in closet. Both residential feature Tons of windows plus french balcony doors for air and lighting, Enter the 6 + car private rear parking lot with access from Worrell St off of Vernon . Parking lot has dedicated accessible spot closest to building. Enter the building from rear parking lot which provides seamless and level accessibility from parking into the ground floor professional/commercial suites including all rooms and bathrooms in those suite. Also access commercial/professional suites from directly from steps from sidewalk on Baltimore Ave. Residential units are accessed from rear lot as well. HBO zone allows many uses and the detailed list is attached to listing along with pro forma. Do not miss your chance on this fantastic opportunity! Being only 4 years old operating costs and maintenance are very low . Cap rate is generous at 7% at the list price. Great income producing and prestigious property. Location is key with trolley service to city one block away, Routes 1 and 476 less than 2 minutes drive. Rare opportunity for a almost brand new income producing property in heart of Media, the county seat of Delaware County. All units are move-in, have separate utilities and central air and are in complete clean and Turn Key ready condition ready and waiting for installation of tenants by the new investor owner.

Last Agent to Sell the Property

Michael Gennett

(610) 565-1995 klrw709@kw.com Keller Williams Real Estate - Media License #BK3104005 Listed on: 03/29/2021

Keller Williams Real Estate - Media

Last Buyer's Agent

Chris Napoli

(610) 352-8484 cnaps@cremainline.com Carr Real Estate Company

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,563

Year Built

  • Built in 2018

Lot Details

  • 6,050 Sq Ft Lot
  • Lot Dimensions are 55.00 x 110.00
  • Level Lot

Home Design

  • Quadruplex
  • Colonial Architecture
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,800 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Double Hung Windows
  • Window Screens
  • French Doors
  • Carpet
  • Crawl Space

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Handicap Parking
  • Private Parking
  • Lighted Parking
  • Parking Lot

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Schools

  • Penncrest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Back Up Electric Heat Pump System
  • Programmable Thermostat
  • 200+ Amp Service
  • Multi-Tank Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • Energy-Efficient Windows
  • Suburban Location

Listing and Financial Details

  • Tax Lot 297-000
  • Assessor Parcel Number 26-00-00015-00

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Media Subdivision

Building Details

  • Income includes apartment rentals, professional offices
  • Gross Income $105,600
  • Net Operating Income $75,767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,563

Year Built

Built in 2018

Lot Details

6,050 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Refrigerators, washes and dryers in the 2 residential units
  • New Construction: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Kitchen - Gourmet
  • Window Features: Double Hung, Double Pane, Energy Efficient, Insulated, Screens
  • Fireplace: No
  • Door Features: French
  • Foundation Details: Crawl Space
  • Total Sq Ft: 4800
  • Living Area Sq Ft: 4800
  • Price Per Sq Ft: 218.75
  • Above Grade Finished Sq Ft: 4800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Gutter System, Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Handicap Parking, Lighted Parking, Private
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Heat Pump - Electric Backup, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric, Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PENNCREST

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 811920.00
  • Land Assessed Value: 90930.00
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Dimensions: 55.00 x 110.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6050.00
  • Zoning: HBO
  • Zoning Description: Highway Business Office

Rental Info

  • Total Actual Rent: 105600.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 504066
  • School Tax: 861.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 17563.00
  • Assessor Parcel Number: 26-00-00015-00
  • Tax Lot: 297-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Gross Income: 105600.00
  • Gross Scheduled Income: 105600.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: ROSE TREE MEDIA

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

Closed on
Oct 26, 2022
Sold by
Bought by
Current Estimated Value
$1,332,992

Purchase Details

Listed on
Mar 29, 2021
Closed on
Jul 15, 2021
Sold by
Bought by
Seller's Agent
Michael Gennett
Keller Williams Real Estate - Media
Buyer's Agent
Chris Napoli
Carr Real Estate Company
List Price
$1,150,000
Sold Price
$999,900
Premium/Discount to List
-$150,100
-13.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Oct 18, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 14, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Media, PA

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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
$700,000 Surety Abstract Services
$999,900 Surety Abstract Services Llc
$785,000 Dv Abstract Llc
$185,000 None Available
$90,000 None Available
-- 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 $2,104,000
Previous Owner $628,000
Previous Owner $15,000
Previous Owner $180,000
Previous Owner $160,000
Previous Owner $120,000
Previous Owner $95,000
Previous Owner $65,000
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
07/19/2021 07/19/21 Sold $999,900 -4.8% $208 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/23/2021 06/23/21 Price Changed $1,050,000 -8.7% $219 / Sq Ft
03/29/2021 03/29/21 For Sale $1,150,000 -- $240 / 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 $15,880 $727,927 $90,930 $636,997
2025 $14,794 $727,927 $90,930 $636,997
2024 $14,794 $727,927 $90,930 $636,997
2023 $14,299 $727,927 $90,930 $636,997
2022 $17,121 $902,850 $90,930 $811,920
2021 $28,300 $902,850 $90,930 $811,920
2020 $1,138 $32,780 $32,780 $0
2019 $1,119 $32,780 $32,780 $0
2018 $1,105 $32,780 $0 $0
2017 $1,081 $32,780 $0 $0
2016 $180 $32,780 $0 $0
2015 $184 $32,780 $0 $0
2014 $184 $32,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE542360

Bright MLS

APN: 26-00-00015-00

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