Seller's Agent in 2016
Bruce Senn
RE/MAX
(610) 246-4751
12 in this area
50 Total Sales
4730 Horseshoe Pike Honey Brook, PA 19344
Estimated Value: $406,000 - $524,000
--
Bed
4
Baths
4,632
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 1 Car Detached Garage
- Cooling System Mounted In Outer Wall Opening
- No HOA
- Oversized Parking
- 1-minute walk to Honey Brook Borough Park
About This Home
As of December 2016RARE OPPORTUNITY, 4 Unit Investment property in highly acclaimed Twin Valley School District. Tenant pays: Gas Heat; Electric; Water; Sewer; Cable TV; Phone. Each unit has its own: gas furnace & meter (radiator heat); water heater; updated breaker panel & wiring; separate electric & water meter. 4 Unit properties like this, in this school district, seem to only become available on the open market about every decade (based on MLS), this one is only available do the owner moving to warmer climate. Well maintained w NEW (2016) blacktop driveway which is horseshoe shaped & offers loads of tenant pleasing off street parking & aluminum sided detached garage, NEWER (2011) maintenance free vinyl double pane windows throughout, NEWER (2012) maintenance free aluminum soffit & facia. Based on MLS records, this property appears to offer the highest known return on real estate investment in the TVSD, based on $260,000 divided by 4 apartments, equaling $65,000, each unit, rented for $750.00 month & maintained under one roof. The current rent is below market value, common rent in the area is $900 - $1,100, especially considering every unit is provided with its own washer & dryer which is very rare & desirable, the 4 W&D and 4 Refrigerators are owned by the landlord, included. The current owner has been in ownership for 25 years & elected to not increase the rent inline w inflation, due to the convenience of maintaining long term tenants & virtually zero vacancy rate. Public Water, Sewer & Gas removes the maintenance/replacement costs associated w onsite well & sewer. Primarily hard surface flooring thought, which makes it easier to prep the units in the event of tenant turnover. Tenant attracting & pleasing adjoining park w playground, picnic pavilions, tennis courts & basketball court. Convenience abounds - Post Office, Banking, Pizza, Lucky Woc & Pharmacy less than 1 block away, easy access to Rt.322 & Rt.10. Minimum 24 HR showing notice required, group showings are being coordinated to minimize tenant interruptions.
Last Agent to Sell the Property
(610) 246-4751 realtorbruce@comcast.net RE/MAX Professional Realty License #RS286926 Listed on: 11/22/2016
Last Buyer's Agent
THOMAS MCLAUGHLIN
tommclaughlin5@gmail.com Keller Williams Real Estate -Exton
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,871
Year Built
- Built in 1870
Lot Details
- 9,736 Sq Ft Lot
- Property is in good condition
Parking
- 1 Car Detached Garage
- 8 Open Parking Spaces
- Oversized Parking
- Parking Storage or Cabinetry
- Driveway
Home Design
- Quadruplex
- Brick Exterior Construction
- Pitched Roof
- Aluminum Siding
Interior Spaces
- 4,632 Sq Ft Home
- Replacement Windows
- Partial Basement
- Laundry in unit
Flooring
- Wood
- Laminate
- Tile or Brick
- Vinyl
Eco-Friendly Details
- Energy-Efficient Windows
Schools
- Honey Brook Elementary School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Radiator
- Heating System Uses Gas
- Hot Water Heating System
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 0033
- Assessor Parcel Number 12-01 -0033
Community Details
Overview
- No Home Owners Association
- Honey Brook Manor Subdivision
Building Details
- Electric Expense $240
- Insurance Expense $4,000
- Operating Expense $10,111
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2016
Closed on
Dec 27, 2016
Sold by
Neustadter Shawn K and Neustadter Denise M
Bought by
4730 Horseshoe Pike Llc
Seller's Agent
Bruce Senn
RE/MAX Professional Realty
Buyer's Agent
THOMAS MCLAUGHLIN
Keller Williams Real Estate -Exton
List Price
$259,900
Sold Price
$289,000
Premium/Discount to List
$29,100
11.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,520
Avg. Annual Appreciation
5.65%
Purchase Details
Closed on
Sep 27, 2001
Sold by
A & S Rentals
Bought by
Neustadter Shawn K and Neustadter Denise M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 26, 1996
Sold by
Ellingsworth Samuel R and Ellingsworth Geralyn P
Bought by
A & S Rentals
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.05%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 4730 Horseshoe Pike Llc | $289,000 | Fidelity National Title | |
| Neustadter Shawn K | $395,000 | -- | |
| A & S Rentals | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Neustadter Shawn K | $395,000 | |
| Previous Owner | A & S Rentals | $148,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2016 12/29/16 | Sold | $289,000 | +11.2% | $62 / Sq Ft |
| 11/26/2016 11/26/16 | Pending | -- | -- | -- |
| 11/22/2016 11/22/16 | For Sale | $259,900 | -- | $56 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $7,015 | $171,320 | $25,790 | $145,530 |
| 2024 | $7,015 | $171,320 | $25,790 | $145,530 |
| 2023 | $6,865 | $171,320 | $25,790 | $145,530 |
| 2022 | $6,588 | $171,320 | $25,790 | $145,530 |
| 2021 | $6,368 | $171,320 | $25,790 | $145,530 |
| 2020 | $6,337 | $171,320 | $25,790 | $145,530 |
| 2019 | $6,132 | $171,320 | $25,790 | $145,530 |
| 2018 | $6,132 | $171,320 | $25,790 | $145,530 |
| 2017 | $5,957 | $171,320 | $25,790 | $145,530 |
| 2016 | $4,654 | $171,320 | $25,790 | $145,530 |
| 2015 | $4,654 | $171,320 | $25,790 | $145,530 |
| 2014 | $4,654 | $171,320 | $25,790 | $145,530 |
Source: Public Records
Agents Affiliated with this Home
-
Bruce Senn
-
T
Buyer's Agent in 2016
THOMAS MCLAUGHLIN
Keller Williams Real Estate -Exton
Map
Source: Bright MLS
MLS Number: 1003579161
APN: 12-001-0033.0000
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