NOT LISTED FOR SALE

500 W Lafayette St Norristown, PA 19401

Estimated Value: $123,000 - $237,000

-- Bed
2 Baths
1,680 Sq Ft
$106/Sq Ft Est. Value

Last Sold February 04, 2013

Last sale price $69,000 $41 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $1,215/month

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Crawford Park
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of February 2013

*INVESTOR ALERT* Fully rented duplex (under market value) with long term tenants. Tenants pay all utilities accept for water. Outside capped and newly painted front porch. Run your numbers....this is a great investment poperty.

Last Agent to Sell the Property

John Gambino

(484) 994-1030 gambinoproperties@comcast.net RE/MAX Services Listed on: 05/24/2012

RE/MAX Services

Last Buyer's Agent

Laura Hewitt

(610) 400-5951 Laura@LauraHewitt.com Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1,159 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,680 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Norristown Area High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 043
  • Assessor Parcel Number 13-00-19432-004

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $600
  • Maintenance Expense $400
  • Operating Expense $4,925

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1680
  • Living Area Sq Ft: 1680
  • Price Per Sq Ft: 41.07
  • Above Grade Finished Sq Ft: 1680
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Parking Features: Street
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Forced Air, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1380.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: NORRISTOWN AREA

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1159.00
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 16200.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 617858
  • Tax Annual Amount: 2545.00
  • Assessor Parcel Number: 13-00-19432-004
  • Tax Lot: 043
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2012
Closed on
Feb 4, 2013
Sold by
Gambino Dennis and Gambino John
Bought by
Streeter Cory W
Seller's Agent
John Gambino
RE/MAX Services
Buyer's Agent
Laura Hewitt
Compass RE
List Price
$69,000
Sold Price
$69,000
Current Estimated Value
$177,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,911
Avg. Annual Appreciation
7.72%
Original Mortgage
$48,300
Outstanding Balance
$33,764
Interest Rate
3.41%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$144,147

Purchase Details

Closed on
Jul 31, 2003
Sold by
Gambino Dennis
Bought by
Gambino Dennis and Gambino John
Source: Public Records

Range of Values:

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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
Streeter Cory W $69,000 None Available
Gambino Dennis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Streeter Cory W $48,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2013 02/04/13 Sold $69,000 0.0% $41 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $69,000 -- $41 / 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 $3,411 $55,560 $16,450 $39,110
2024 $3,411 $55,560 $16,450 $39,110
2023 $3,380 $55,560 $16,450 $39,110
2022 $3,307 $55,560 $16,450 $39,110
2021 $3,291 $55,560 $16,450 $39,110
2020 $3,139 $55,560 $16,450 $39,110
2019 $3,082 $55,560 $16,450 $39,110
2018 $2,051 $55,560 $16,450 $39,110
2017 $2,830 $55,560 $16,450 $39,110
2016 $2,809 $55,560 $16,450 $39,110
2015 $2,741 $55,560 $16,450 $39,110
2014 $2,691 $55,560 $16,450 $39,110
Source: Public Records

Agents Affiliated with this Home

  • John Gambino

    Seller's Agent in 2013

    John Gambino

    RE/MAX

    (484) 994-1030

    11 in this area

    31 Total Sales

    John Gambino
    Section Image
  • Laura Hewitt

    Buyer's Agent in 2013

    Laura Hewitt

    Compass RE

    (610) 400-5951

    9 in this area

    141 Total Sales

    Laura Hewitt
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003975586

Bright MLS

APN: 13-00-19432-004

Pennsylvania Montgomery County Norristown 19401

500 W Lafayette St, Norristown, PA

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