NOT LISTED FOR SALE

47 Reliance Ct Unit 48 Telford, PA 18969

Estimated Value: $332,000 - $355,000

-- Bed
2 Baths
1,776 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $249,900 $141 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,124/month

Highlights

  • No HOA
  • Eat-In Kitchen
  • Patio
  • Balcony
  • Bathtub with Shower
  • Central Air

About This Home

As of April 2021

Ready to take control of your future? Take a step in the direction towards financial freedom? This cash flowing Bucks county multi unit, in the highly sought after Pennridge School District is your chance. Add a turn key property to your existing portfolio or start building with a gem of an investment property. Both apartments are currently rented on a month to month basis. The tenants have been outstanding and are eager to sign a lease with the new buyer. The upstairs unit has been beuatifully updated with resilient laminate flooring throughout, new kitchen cabinets, granite countertops, a new hot water heater, freshly painted , and the heating & A/C unit is new as of 2016. The downstairs unit also provides laminate flooring throughout , has a brand new stackable washer & dryer, and also has a new heating & A/C unit as of 2017. Located in Green Meadows so the small monthly association fee of $132 per unit means you wont have to constantly go cut the grass or shovel the heavy snow. Each unit has 1 parking space and many additional spots for multi car families. There is a basketball court and a playground for families with younger children or tenants looking to enjoy the outdoors. An opportunity like this only comes around so often, do not miss your chance on this one, it wont last long!! Showings have been confined to certain days and times out of respect for the tenants. Upstairs unit pays $1075/mth and $100/qtr towards water bill. Downstairs unit pays $975/mth and $100/qtr towards water bill. **Seller will give $1000 credit to buyer to replace 2 living room windows of 2nd floor unit**

Last Agent to Sell the Property

H craig Stewart

Keller Williams Real Estate - Allentown Listed on: 02/27/2021

Keller Williams Real Estate -  Allentown

Last Buyer's Agent

Michael Stone

Market Force Realty License #RS291924

Market Force Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,389

Year Built

  • Built in 1975

Home Design

  • 1,776 Sq Ft Home
  • Duplex
  • Frame Construction

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range

Bedrooms and Bathrooms

  • Bathtub with Shower

Parking

  • Paved Parking
  • Parking Lot
  • Parking Space Conveys

Outdoor Features

  • Balcony
  • Patio

Schools

  • Pennridge High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Green Meadows Subdivision

Listing and Financial Details

  • Tax Lot 047
  • Assessor Parcel Number 15-041-047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,389

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Remarks Public: Ready to take control of your future? Take a step in the direction towards financial freedom? This cash flowing Bucks county multi unit, in the highly sought after Pennridge School District is your chance. Add a turn key property to your existing portfolio or start building with a gem of an investment property. Both apartments are currently rented on a month to month basis. The tenants have been outstanding and are eager to sign a lease with the new buyer. The upstairs unit has been beuatifully updated with resilient laminate flooring throughout, new kitchen cabinets, granite countertops, a new hot water heater, freshly painted , and the heating & A/C unit is new as of 2016. The downstairs unit also provides laminate flooring throughout , has a brand new stackable washer & dryer, and also has a new heating & A/C unit as of 2017. Located in Green Meadows so the small monthly association fee of $132 per unit means you wont have to constantly go cut the grass or shovel the heavy snow. Each unit has 1 parking space and many additional spots for multi car families. There is a basketball court and a playground for families with younger children or tenants looking to enjoy the outdoors. An opportunity like this only comes around so often, do not miss your chance on this one, it wont last long!! Showings have been confined to certain days and times out of respect for the tenants. Upstairs unit pays $1075/mth and $100/qtr towards water bill. Downstairs unit pays $975/mth and $100/qtr towards water bill. **Seller will give $1000 credit to buyer to replace 2 living room windows of 2nd floor unit**
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Interior Amenities: Kitchen - Eat-In, Tub Shower
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 1776
  • Living Area Sq Ft: 1776
  • Price Per Sq Ft: 140.71
  • Above Grade Finished Sq Ft: 1776
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 47-48

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Space Conveys, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: PENNRIDGE
  • High School: PENNRIDGE
  • High School Source: 3rd Party
  • School District Key: 300200397141
  • School District Source: 3rd Party
  • High School: PENNRIDGE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 17600.00
  • Land Assessed Value: 2400.00
  • Land Use Code: 1006
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony, Patio(s)
  • Year Assessed: 2021
  • Zoning: RR

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 80044
  • School Tax: 2705.00
  • Tax Annual Amount: 3389.00
  • Assessor Parcel Number: 15-041-047
  • Tax Lot: 047
  • Tax Total Finished Sq Ft: 1776
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 04/16/2021

MLS Schools

  • School District Name: PENNRIDGE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2021
Closed on
Apr 12, 2021
Sold by
Edwards Connor P
Bought by
Stone Michael and Stone Ellen
Seller's Agent
H craig Stewart
Keller Williams Real Estate - Allentown
Buyer's Agent
Michael Stone
Market Force Realty
List Price
$249,900
Sold Price
$249,900
Current Estimated Value
$339,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,994
Avg. Annual Appreciation
7.26%
Original Mortgage
$187,500
Outstanding Balance
$171,259
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$168,635

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 22, 2019
Sold by
Yang Zheng
Bought by
Edwards Connor P
Seller's Agent
Kimberly Zampirri
RE/MAX Central - Blue Bell
Buyer's Agent
H craig Stewart
Keller Williams Real Estate - Allentown
List Price
$199,000
Sold Price
$195,000
Premium/Discount to List
-$4,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.22%
Original Mortgage
$165,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2014
Closed on
Dec 4, 2014
Sold by
Fornelos Ceu and Fornelos Anthony L
Bought by
Yang Zheng
Seller's Agent
Michael Craig
Dan Helwig Inc
Buyer's Agent
Michael DeOrzio
Michael J DeOrzio Real Estate Inc
List Price
$189,900
Sold Price
$179,500
Premium/Discount to List
-$10,400
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.77%
Original Mortgage
$134,625
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2014
Sold by
Fornelos Ceu and Fornelos Anthony L
Bought by
Fornelos Ceu and Fornelos Anthony L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,262
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2003
Sold by
Araujo Tony and Araujo Celeste
Bought by
Fornelos Ceu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,900
Interest Rate
6.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 2002
Sold by
Schillinger R Michael and Barrett Maureen A
Bought by
Araujo Tony and Araujo Celeste
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
Stone Michael $250,000 Sentex Settlement Services
Edwards Connor P $195,000 Sage Premier Settlements
Yang Zheng $179,500 None Available
Fornelos Ceu -- None Available
Fornelos Ceu $139,900 --
Araujo Tony $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Michael $187,500
Previous Owner Edwards Connor P $165,000
Previous Owner Yang Zheng $134,625
Previous Owner Fornelos Ceu $158,262
Previous Owner Fornelos Ceu $168,000
Previous Owner Fornelos Ceu $30,000
Previous Owner Fornelos Ceu $111,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $249,900 0.0% $141 / Sq Ft
02/27/2021 02/27/21 Pending -- -- --
02/27/2021 02/27/21 For Sale $249,900 +28.2% $141 / Sq Ft
08/22/2019 08/22/19 Sold $195,000 -2.0% $110 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $199,000 0.0% $112 / Sq Ft
07/01/2017 07/01/17 Rented $950 0.0% --
06/28/2017 06/28/17 Under Contract -- -- --
06/19/2017 06/19/17 For Rent $950 0.0% --
12/04/2014 12/04/14 Sold $179,500 -5.5% $101 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $189,900 -- $107 / 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 $3,429 $20,000 $2,400 $17,600
2024 $3,429 $20,000 $2,400 $17,600
2023 $3,389 $20,000 $2,400 $17,600
2022 $3,389 $20,000 $2,400 $17,600
2021 $3,389 $20,000 $2,400 $17,600
2020 $3,389 $20,000 $2,400 $17,600
2019 $3,369 $20,000 $2,400 $17,600
2018 $3,369 $20,000 $2,400 $17,600
2017 $3,344 $20,000 $2,400 $17,600
2016 -- $20,000 $2,400 $17,600
2015 -- $20,000 $2,400 $17,600
2014 -- $20,000 $2,400 $17,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU521208

Bright MLS

APN: 15-041-047