NOT LISTED FOR SALE

435 Main St Darby, PA 19023

Estimated Value: $204,140

-- Bed
-- Bath
-- Sq Ft
1931 Built

Last Sold August 15, 2017

Last sale price $85,000

Est. 140% increase in value since last sale

Current estimated payment $1,467/month

221 Days on Market

Highlights

  • Wood Flooring
  • 1-minute walk to Main Street And 5Th Street
  • En-Suite Primary Bedroom
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Ceiling Fan

About This Home

As of August 2017

LOCATION LOCATION LOCATION! This Commercial Multi-Unit is a gold mine consisting of three (3), One(1) - bedroom apartments and a store front in a high traffic count area at the tip of Darby Township. Less than a half-mile from Philadelphia's Cobbs Creek Parkway with the Route 11 Septa trolley stop at the corner. This location invites endless opportunities to become a Business Owner, Landlord, Owner Occupied, or Turnkey Investor. So, Let's talk NUMBERS! Current Rental income totals $2050. An owner-occupied FHA Loan (3.5% down at an interest rate of 4%) will have an average monthly payment of $900, which includes Principal Interest Taxes Insurance. So you can get paid to live here and make nearly $1000 a month. BUT WAIT! THERE'S MORE! If you qualify for first time Home-buying programs, get up to $8000 in assistance toward your down payment. (Imagine putting less than $5000 down to purchase and then making 1k per month living free.) If you are an investor, your CAP rate is 15%+. If you are a small business owner or thinking of starting a business, this is great opportunity to make money; even if your business is not making money. Consider a Barbara or Beauty Salon, Small Office, Retail Store, or Non-Profit. Owner has made numerous upgrades and the property has good "bones". Schedule an appointment today and pursue your future.

Last Agent to Sell the Property

S. Dave Hudson

Super Realty Group, LLC License #RB0031181 Listed on: 12/09/2016

Last Buyer's Agent

Mike Diggin

RE/MAX Town & Country License #RS332170

RE/MAX Town & Country

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 1,071 Sq Ft Lot
  • Lot Dimensions are 17x63
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • Ceiling Fan
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 563-000
  • Assessor Parcel Number 14-00-01758-00

Community Details

Building Details

  • Income includes laundry
  • Operating Expense $5,079

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenant Property
  • Inclusions: All Appliances On Site In As-Is Condition
  • New Construction: No
  • Storage: Basement
  • Year Built: 1931
  • Remarks Public: LOCATION LOCATION LOCATION! This Commercial Multi-Unit is a gold mine consisting of three (3), One(1) - bedroom apartments and a store front in a high traffic count area at the tip of Darby Township. Less than a half-mile from Philadelphia's Cobbs Creek Parkway with the Route 11 Septa trolley stop at the corner. This location invites endless opportunities to become a Business Owner, Landlord, Owner Occupied, or Turnkey Investor. So, Let's talk NUMBERS! Current Rental income totals $2050. An owner-occupied FHA Loan (3.5% down at an interest rate of 4%) will have an average monthly payment of $900, which includes Principal Interest Taxes Insurance. So you can get paid to live here and make nearly $1000 a month. BUT WAIT! THERE'S MORE! If you qualify for first time Home-buying programs, get up to $8000 in assistance toward your down payment. (Imagine putting less than $5000 down to purchase and then making 1k per month living free.) If you are an investor, your CAP rate is 15%+. If you are a small business owner or thinking of starting a business, this is great opportunity to make money; even if your business is not making money. Consider a Barbara or Beauty Salon, Small Office, Retail Store, or Non-Profit. Owner has made numerous upgrades and the property has good "bones". Schedule an appointment today and pursue your future.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Laminated
  • Interior Amenities: Ceiling Fan(s), Store/Office
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Street Number Modifier: 435

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WILLIAM PENN
  • School District Key: 300200397351

Lot Info

  • Lot Dimensions: 17X63
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1071.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: APTS

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 25200.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 432234
  • Tax Annual Amount: 3679.00
  • Assessor Parcel Number: 14-00-01758-00
  • Tax Lot: 563-000
  • Tax Year: 2017
  • Close Date: 08/15/2017

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2018
Sold by
Mary Theresa Kunkleman
Bought by
Dierolf Kenneth and Dierolf Candace
Current Estimated Value
$204,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,497
Outstanding Balance
$136,889
Interest Rate
4.63%
Estimated Equity
$71,652

Purchase Details

Listed on
Dec 9, 2016
Closed on
Aug 14, 2017
Sold by
Walker Salone
Bought by
Mcclrin Jahquir
Seller's Agent
S. Dave Hudson
Super Realty Group, LLC
Buyer's Agent
Mike Diggin
RE/MAX Town & Country
List Price
$114,900
Sold Price
$85,000
Premium/Discount to List
-$29,900
-26.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.89%

Purchase Details

Listed on
Sep 9, 2013
Closed on
Nov 7, 2014
Sold by
Polsin Michael M
Bought by
Walker Salone
Seller's Agent
Lyle Sell
Ergo Real Estate Company
Buyer's Agent
Lyle Sell
Ergo Real Estate Company
List Price
$127,500
Sold Price
$63,000
Premium/Discount to List
-$64,500
-50.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%
Original Mortgage
$50,400
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 29, 2006
Sold by
Dunbar Cecil N
Bought by
Polsin Michael M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 31, 2006
Sold by
Smith Dexter Sherry L and Dexter Errol R
Bought by
Dunbar Cecil N

Purchase Details

Closed on
May 15, 2000
Sold by
Dexter Errol R and Smith Dexter Sherry L
Bought by
Smith Dexter Sherry L

Purchase Details

Closed on
Jun 30, 1994
Sold by
Malik Mubarik Ali and Malik Rifat
Bought by
Dexter Errol R and Smith Dexter Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
8.81%
Mortgage Type
Seller Take Back
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

Purchase History

Date Buyer Sale Price Title Company
Dierolf Kenneth $149,900 --
Mcclrin Jahquir $85,000 None Available
Walker Salone $63,000 None Available
Polsin Michael M $120,000 None Available
Dunbar Cecil N $69,000 None Available
Smith Dexter Sherry L -- --
Dexter Errol R $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dierolf Kenneth $153,497
Closed Dierolf Kenneth --
Previous Owner Walker Salone $50,400
Previous Owner Polsin Michael M $87,000
Previous Owner Polsin Michael M $90,000
Previous Owner Polsin Michael M $70,000
Previous Owner Dexter Errol R $133,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $85,000 -13.2% --
07/18/2017 07/18/17 Pending -- -- --
06/30/2017 06/30/17 Price Changed $97,900 -1.0% --
06/01/2017 06/01/17 Price Changed $98,900 -1.0% --
05/18/2017 05/18/17 Price Changed $99,900 -4.8% --
04/09/2017 04/09/17 Price Changed $104,900 -4.5% --
04/04/2017 04/04/17 Price Changed $109,900 -4.4% --
03/27/2017 03/27/17 For Sale $114,900 +35.2% --
03/27/2017 03/27/17 Off Market $85,000 -- --
12/09/2016 12/09/16 For Sale $119,900 +90.3% --
11/07/2014 11/07/14 Sold $63,000 -50.6% --
03/25/2014 03/25/14 Pending -- -- --
09/09/2013 09/09/13 For Sale $127,500 -- --
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
2024 $4,205 $84,910 $66,370 $18,540
2023 $3,956 $84,910 $66,370 $18,540
2022 $3,848 $84,910 $66,370 $18,540
2021 $5,370 $84,910 $66,370 $18,540
2020 $3,962 $54,240 $34,570 $19,670
2019 $3,794 $54,240 $34,570 $19,670
2018 $3,748 $54,240 $0 $0
2017 $3,679 $54,240 $0 $0
2016 $304 $54,240 $0 $0
2015 $304 $76,900 $0 $0
2014 $422 $76,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003943511

Bright MLS

APN: 14-00-01758-00