NOT LISTED FOR SALE

50 Lexington Ave Lansdowne, PA 19050

Estimated Value: $399,000 - $501,000

-- Bed
4 Baths
4,320 Sq Ft
$105/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $190,000 $44 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $3,237/month

190 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • 1 Car Detached Garage
  • Laundry Facilities

About This Home

As of November 2015

NEW, LOWER PRICE. SELLER WANT THIS PROPERTY SOLD.This lovely early 1900's four unit apartment is well maintained and ,currently, has all four units rented. House is located on a tree lined street with a wide front porch, wicker furniture, rockers, flowers and hanging plants. Great for sitting out in the evenings. There is off street parking in the rear for 4 cars. In the basement is a coin operated washer and free dryer as well as plenty of storage. Each unit is in good condition with hardwood floors and lots of natural sunlight. Property also has a garage for storage or possible additional rental income. Each unit is individually metered for gas and electric . There are four newer hot water heaters as well as 7 year old individual efficient gas heaters. Perfect for adding to your portfolio with four rental units or move into one unit and rent out the other three. At this reduced price the seller is selling "AS-IS". Inspections are welcomed but the seller will do no repairs.

Last Agent to Sell the Property

Michael White

RE/MAX Preferred - Newtown Square License #RS307140 Listed on: 03/30/2015

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Joseph O'Neill

Real of Pennsylvania

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • 1 Car Detached Garage
  • 4 Open Parking Spaces

Home Design

  • 4,320 Sq Ft Home
  • Quadruplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Basement

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

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 318-000
  • Assessor Parcel Number 17-00-00450-00

Community Details

Building Details

  • Electric Expense $150
  • Maintenance Expense $900
  • Operating Expense $8,396

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1911
  • Remarks Public: NEW, LOWER PRICE. SELLER WANT THIS PROPERTY SOLD.This lovely early 1900's four unit apartment is well maintained and ,currently, has all four units rented. House is located on a tree lined street with a wide front porch, wicker furniture, rockers, flowers and hanging plants. Great for sitting out in the evenings. There is off street parking in the rear for 4 cars. In the basement is a coin operated washer and free dryer as well as plenty of storage. Each unit is in good condition with hardwood floors and lots of natural sunlight. Property also has a garage for storage or possible additional rental income. Each unit is individually metered for gas and electric . There are four newer hot water heaters as well as 7 year old individual efficient gas heaters. Perfect for adding to your portfolio with four rental units or move into one unit and rent out the other three. At this reduced price the seller is selling "AS-IS". Inspections are welcomed but the seller will do no repairs.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 4320
  • Living Area Sq Ft: 4320
  • Price Per Sq Ft: 46.27
  • Above Grade Finished Sq Ft: 4320
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 50

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 150.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 480.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WILLIAM PENN
  • School District Key: 300200397351

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X120
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6000.00
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 34500.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 465295
  • Tax Annual Amount: 6866.00
  • Assessor Parcel Number: 17-00-00450-00
  • Tax Lot: 318-000
  • Tax Year: 2015
  • Close Date: 11/17/2015

MLS Schools

  • School District Name: WILLIAM PENN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2020
Sold by
Lxr Rs I Llc
Bought by
Lxr Lpp 3 Llc
Current Estimated Value
$457,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,564,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 30, 2015
Closed on
Nov 17, 2015
Sold by
Coldwell Frederick R
Bought by
Lxr Rs I Llc
Seller's Agent
Michael White
RE/MAX Preferred - Newtown Square
Buyer's Agent
Joseph O'Neill
Real of Pennsylvania
List Price
$239,000
Sold Price
$190,000
Premium/Discount to List
-$49,000
-20.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2001
Sold by
Campbell Elizabeth L and Hughes Michelle
Bought by
Coldwell Frederick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,225
Interest Rate
7.2%
Mortgage Type
FHA
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
Lxr Lpp 3 Llc -- None Available
Lxr Rs I Llc $190,000 None Available
Coldwell Frederick R $113,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lxr Lpp 3 Llc $8,564,500
Closed Lxr Rs I Llc $142,500
Previous Owner Coldwell Frederick R $103,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2015 11/17/15 Sold $190,000 -20.5% $44 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $239,000 -- $55 / 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
2024 $8,794 $205,800 $47,910 $157,890
2023 $6,575 $205,800 $47,910 $157,890
2022 $7,931 $205,800 $47,910 $157,890
2021 $11,825 $205,800 $47,910 $157,890
2020 $7,538 $114,450 $20,720 $93,730
2019 $7,412 $114,450 $20,720 $93,730
2018 $7,315 $114,450 $0 $0
2017 $6,940 $114,450 $0 $0
2016 $628 $114,450 $0 $0
2015 $628 $114,450 $0 $0
2014 $628 $114,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael White

    Seller's Agent in 2015

    Michael White

    RE/MAX

    (610) 580-3135

    1 in this area

    92 Total Sales

    Section Image
  • Joseph O'Neill

    Buyer's Agent in 2015

    Joseph O'Neill

    Real of Pennsylvania

    (610) 724-4992

    35 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002561942

Bright MLS

APN: 17-00-00450-00

Pennsylvania Delaware County Lansdowne 19050

50 Lexington Ave, Lansdowne, PA

This home is located at 50 Lexington Ave, Lansdowne, PA 19050 since 30 March 2015 and is currently estimated at $454,841, approximately $105 per square foot. This property was built in 1911. 50 Lexington Ave is a home located in Delaware County with nearby schools including East Lansdowne Elementary School, Penn Wood Middle School, and Penn Wood High School - Cypress Street Campus.

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