NOT LISTED FOR SALE

50 E Spring Ave Ardmore, PA 19003

Estimated Value: $423,920 - $1,186,000

-- Bed
3 Baths
2,200 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 11, 2016

Last sale price $327,000 $149 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,766/month

59 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Penn Valley School Rated A+
  • Tile or Brick Flooring
  • 5-minute walk to Vernon Young Memorial Park

About This Home

As of May 2016

Welcome to 50 E. Spring Ave, a income producing triplex in sought after Ardmore! 2 of these units have one bedroom. The upper unit, is the largest unit and contains 2 bedrooms, and with fresh paint! This property requires virtually no maintenance, is fully occupied and all the units have been well updated. Conveniently located nearby local shopping, restaurants, transportation, major roadways and other great amenities.

Last Agent to Sell the Property

Thomas Toole III

(484) 297-9703 tom@tomtoole.com RE/MAX Main Line-West Chester License #RS228901 Listed on: 02/05/2016

RE/MAX Main Line-West Chester

Last Buyer's Agent

Michael Byrne

(610) 389-3980 michaeljbyrne317@gmail.com BHHS Fox & Roach-Haverford License #RS289011

BHHS Fox & Roach-Haverford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,465

Year Built

  • Built in 1910

Lot Details

  • 1,401 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 094
  • Assessor Parcel Number 40-00-55540-004

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $120
  • Insurance Expense $1,500
  • Operating Expense $4,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,465

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: 3 Refrigerators
  • New Construction: No
  • Year Built: 1910
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Entry Location: Common
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2200
  • Living Area Sq Ft: 2200
  • Price Per Sq Ft: 158.64
  • Above Grade Finished Sq Ft: 2200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • 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 Expense: 120.00
  • Electric Service: Circuit Breakers
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 45
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1401.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: C1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 33960.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 734050
  • Tax Annual Amount: 2465.00
  • Assessor Parcel Number: 40-00-55540-004
  • Tax Lot: 094
  • Tax Year: 2016

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
Apr 27, 2016
Sold by
Chapman Stephen P
Bought by
Rbj And Family Llc
Seller's Agent
Thomas Toole III
RE/MAX Main Line-West Chester
Buyer's Agent
Michael Byrne
BHHS Fox & Roach-Haverford
List Price
$359,000
Sold Price
$327,000
Premium/Discount to List
-$32,000
-8.91%
Current Estimated Value
$669,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,980
Avg. Annual Appreciation
7.77%

Purchase Details

Closed on
Aug 16, 2010
Sold by
Chapman Stephen P and Chapman James W
Bought by
Chapman Stephen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
4.57%

Purchase Details

Closed on
Jul 29, 2005
Sold by
Farley Mark J
Bought by
Chapman Stephen P and Chapman James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 29, 2003
Sold by
50 Spring Part Lp
Bought by
Farley Mark J

Purchase Details

Closed on
Dec 1, 2000
Sold by
Galante Linda Ann and Girifalco Sandra A
Bought by
50 Spring Partners Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rbj And Family Llc $327,000 Trident Land Transfer
Chapman Stephen P -- None Available
Chapman Stephen P $299,000 --
Farley Mark J -- --
50 Spring Partners Lp $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapman Stephen P $222,000
Previous Owner Chapman Stephen P $239,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2016 05/11/16 Sold $327,000 -8.9% $149 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $359,000 -- $163 / 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 $3,038 $72,760 $24,330 $48,430
2024 $3,038 $72,760 $24,330 $48,430
2023 $2,911 $72,760 $24,330 $48,430
2022 $2,858 $72,760 $24,330 $48,430
2021 $2,793 $72,760 $24,330 $48,430
2020 $2,725 $72,760 $24,330 $48,430
2019 $2,677 $72,760 $24,330 $48,430
2018 $2,677 $72,760 $24,330 $48,430
2017 $2,578 $72,760 $24,330 $48,430
2016 $2,550 $72,760 $24,330 $48,430
2015 $2,466 $72,760 $24,330 $48,430
2014 $2,377 $72,760 $24,330 $48,430
Source: Public Records

Agents Affiliated with this Home

  • Thomas Toole III

    Seller's Agent in 2016

    Thomas Toole III

    RE/MAX

    (484) 297-9703

    14 in this area

    1,908 Total Sales

    Thomas Toole III
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Byrne

    BHHS Fox & Roach

    (610) 389-3980

    1 in this area

    19 Total Sales

    Michael Byrne
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003471837

Bright MLS

APN: 40-00-55540-004

Pennsylvania Montgomery County Ardmore 19003

50 E Spring Ave, Ardmore, PA

Not Listed for Sale

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