NOT LISTED FOR SALE

Estimated Value: $420,000 - $501,244

Studio
2 Baths
2,252 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $420,000 $187 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,752/month

5 Days on Market

Highlights

  • Victorian Architecture
  • Eat-In Kitchen
  • Ceiling Fan
  • Porch
  • Zoned Heating

About This Home

As of March 2022

Well maintained side by side Duplex in Perkasie with 4 car parking lot in rear. Both of these Units have 10' ceilings on the 1st floor, 9' ceilings on the 2nd floor, and full walkup 3rd floors. Unit 1 is a 2-3 BR unit with an Eat in Kitchen and roomy Living Room on the 1st Fl. 2 BR's(one a walk-thru), and a Full Bath on the 2nd Floor, 3rd BR on the 3rd Floor. Unit has Laundry in the Bsmt accessed by outside rear stairs. Unit 2 is a 3-4 Br unit. Enter from the Front Porch into the Foyer. To the Left is a Large Living Room and an Eat in Kitchen to the rear. Access to the Basement from the Hallway in the Foyer to the Basement Laundry. 2nd Floor has 2 Br's(1 currently walk-thru, but easily converted to private), and a Full Bath, 3rd Floor has a 3rd BR and a Bonus Room. 2 New Ultra Hi Efficiency Gas boilers, one for each unit installed this year with 3 zones each, (1 for each floor). Both Gas Hot Water Heaters, and 2 new Washer/Dryers this year also. Units have been well maintained and updated. Electric system for both units has been totally replaced. Gas, Electric, Trash, and Recycling are separated and paid for by the Tenants. Owner only pays Taxes, Insurance, and Wtr/Swr. Great property to add to your portfolio, or to live in one and rent out the other. 100 feet to The Perk in one direction, and the same to Free Will Brewing in the other. Come and see it today.

Last Agent to Sell the Property

Peter Cerruti

(215) 429-7273 petecerruti@yahoo.com RE/MAX 440 - Quakertown License #RS219840L Listed on: 01/26/2022

Last Buyer's Agent

Paula Campbell

(610) 308-7003 paula.campbell@compass.com Compass RE License #2299330

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,740

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 76.00 x 116.00

Home Design

  • Duplex
  • Victorian Architecture
  • Stone Foundation
  • Slate Roof
  • Masonry

Interior Spaces

  • 2,252 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Porch

Schools

  • Pennridge High School

Utilities

  • Zoned Heating
  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer
  • Tax Lot 020-002
  • Assessor Parcel Number 33-010-020-002

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,720
  • Operating Expense $2,060
  • Gross Income $29,400
  • Net Operating Income $21,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,740

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Oven/Range - Electric, Oven - Self Cleaning
  • Interior Amenities: Ceiling Fan(s), Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Total Sq Ft: 2252
  • Living Area Sq Ft: 2252
  • Price Per Sq Ft: 177.62
  • Above Grade Finished Sq Ft: 2252
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Parking Lot, On Street
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 16760.00
  • Land Assessed Value: 5640.00
  • Lot Size Acres: 0.23
  • Lot Dimensions: 76.00 x 116.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10018.80
  • Outdoor Living Structures: Porch(es)
  • Zoning: R3

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Sewer
  • Total Actual Rent: 29400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 156807
  • School Tax: 3030.00
  • Tax Annual Amount: 3740.00
  • Assessor Parcel Number: 33-010-020-002
  • Tax Lot: 020-002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 29400.00
  • Gross Scheduled Income: 29400.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 2060.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: PENNRIDGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Feb 24, 2022
Sold by
Labelle Eric T
Bought by
Purpose Driven Properties
Seller's Agent
Peter Cerruti
RE/MAX 440 - Quakertown
Buyer's Agent
Paula Campbell
Compass RE
List Price
$400,000
Sold Price
$420,000
Premium/Discount to List
$20,000
5%
Current Estimated Value
$464,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,811
Avg. Annual Appreciation
2.65%
Original Mortgage
$336,000
Outstanding Balance
$313,932
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$150,879

Purchase Details

Listed on
Apr 24, 2013
Closed on
Jul 30, 2013
Sold by
Sames Ronald
Bought by
Labelle Eric T and Karaffa Donald
Seller's Agent
Cynthia Bishop
Keller Williams Real Estate-Doylestown
Buyer's Agent
Kevin Remaily
RE/MAX Centre Realtors
List Price
$249,000
Sold Price
$241,500
Premium/Discount to List
-$7,500
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$181,125
Interest Rate
4.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Purpose Driven Properties $420,000 Rk Abstract & Associates
Labelle Eric T $241,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purpose Driven Properties $336,000
Previous Owner Labelle Eric T $181,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2022 03/03/22 Sold $420,000 +5.0% $187 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $400,000 +65.6% $178 / Sq Ft
07/30/2013 07/30/13 Sold $241,500 -3.0% $107 / Sq Ft View Prior Sale
05/16/2013 05/16/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $249,000 -- $111 / 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 $3,852 $22,400 $5,640 $16,760
2024 $3,852 $22,400 $5,640 $16,760
2023 $3,807 $22,400 $5,640 $16,760
2022 $3,807 $22,400 $5,640 $16,760
2021 $3,740 $22,400 $5,640 $16,760
2020 $3,740 $22,400 $5,640 $16,760
2019 $3,717 $22,400 $5,640 $16,760
2018 $3,717 $22,400 $5,640 $16,760
2017 $3,689 $22,400 $5,640 $16,760
2016 $3,689 $22,400 $5,640 $16,760
2015 -- $22,400 $5,640 $16,760
2014 -- $22,400 $5,640 $16,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2017842

Bright MLS

APN: 33-010-020-002