NOT LISTED FOR SALE

437 N Main St Souderton, PA 18964

Estimated Value: $397,000 - $457,075

-- Bed
3 Baths
1,723 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $403,000 $234 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,734/month

4 Days on Market

Highlights

  • Shed
  • Ceiling Fan
  • Wall to Wall Carpet
  • West Broad Street Elementary School Rated A
  • Electric Baseboard Heater
  • 4-minute walk to Rotary Park

About This Home

As of August 2022

Income Producing Multi-Family Unit Located in the Revitalization District for Souderton Borough. Great Rental History. Property features a 3 story twin with 2 rental units and a private 2 story rental unit behind the building. Building 1 consists of 2,198 sq ft of living area. Unit 1 is 842 sq ft first floor apartment with 3 rooms including 1 Bedroom and 1 Bath. Unit 2 is 1,385 sq ft apartment of the second and third floor consisting of 6 rooms including 4 bedrooms and 1 Bath. Main building has a full basement with storage available for tenants. Building 2 contains 1,160 sq ft on two floors and consists of 5 rooms including 3 bedrooms and 1 bath. Each unit includes washer and dryer and separate electric meter. Ample off-street parking. ALL SHOWING DURING WEEK between 6:00pm to 8:00pm and WEEKENDS normal hours by appointment - 24 hours necessary

Last Agent to Sell the Property

Shannon Lutz

(267) 278-1967 shannon.m.lutz@gmail.com RE/MAX Reliance License #RS297424 Listed on: 07/19/2022

RE/MAX Reliance

Co-Listed By

Gerald Peklak

(215) 723-4150 sales@geraldp.com RE/MAX Reliance License #RM419651

Last Buyer's Agent

Shannon Lutz

(267) 278-1967 shannon.m.lutz@gmail.com RE/MAX Reliance License #RS297424 Listed on: 07/19/2022

RE/MAX Reliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,531

Year Built

  • Built in 1920

Lot Details

  • 6,976 Sq Ft Lot
  • Lot Dimensions are 47.00 x 0.00

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,723 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Shed

Schools

  • West Broad Street Elementary School
  • Souderton Area Senior High School

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Operating Expense $3,504

Listing and Financial Details

  • The owner pays for sewer, water, trash collection
  • Tax Lot 1
  • Assessor Parcel Number 21-00-04804-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,531

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Call Broker
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1723
  • Living Area Sq Ft: 1723
  • Price Per Sq Ft: 232.10
  • Above Grade Finished Sq Ft: 1723
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Exterior Features: Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Internet Services: Cable

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WEST BROAD STREET
  • High School: SOUDERTON AREA SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 47.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6976.00
  • Zoning: R3

Rental Info

  • Owner Pays: Sewer, Water, Trash Collection
  • Total Actual Rent: 35640.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 639363
  • School Tax: 4148.00
  • Tax Annual Amount: 5531.00
  • Assessor Parcel Number: 21-00-04804-008
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Operating Expense: 3503.55
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SOUDERTON AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Aug 19, 2022
Sold by
Santangelo Matthew C
Bought by
Islam Mir Md Shariful
Seller's Agent
Shannon Lutz
RE/MAX Reliance
Buyer's Agent
Shannon Lutz
RE/MAX Reliance
List Price
$399,900
Sold Price
$403,000
Premium/Discount to List
$3,100
0.78%
Current Estimated Value
$424,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,019
Avg. Annual Appreciation
1.55%
Original Mortgage
$296,250
Outstanding Balance
$268,337
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$155,682

Purchase Details

Closed on
Mar 29, 2002
Sold by
Diffin Timothy M
Bought by
Santangelo Matthew C

Purchase Details

Closed on
May 8, 1998
Sold by
Quakertown National Bank
Bought by
Diffin Timothy M

Purchase Details

Closed on
Oct 3, 1997
Sold by
Hodgson Edward E and Hodgson Joanne
Bought by
Quakertown National Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Islam Mir Md Shariful $403,000 --
Islam Mir Md Shariful $403,000 None Listed On Document
Santangelo Matthew C $199,900 --
Diffin Timothy M $80,000 --
Quakertown National Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Islam Mir Md Shariful $296,250
Closed Islam Mir Md Shariful $296,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2022 08/19/22 Sold $403,000 0.0% $234 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
07/23/2022 07/23/22 Off Market $403,000 -- --
07/19/2022 07/19/22 For Sale $399,900 -- $232 / 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 $6,048 $133,950 $48,760 $85,190
2024 $6,048 $133,950 $48,760 $85,190
2023 $5,688 $133,950 $48,760 $85,190
2022 $5,532 $133,950 $48,760 $85,190
2021 $5,397 $133,950 $48,760 $85,190
2020 $5,315 $133,950 $48,760 $85,190
2019 $4,350 $133,950 $48,760 $85,190
2018 $1,253 $133,950 $48,760 $85,190
2017 $5,109 $133,950 $48,760 $85,190
2016 $5,056 $133,950 $48,760 $85,190
2015 $4,967 $133,950 $48,760 $85,190
2014 $4,967 $133,950 $48,760 $85,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2046594

Bright MLS

APN: 21-00-04804-008