NOT LISTED FOR SALE

502 W Main St Norristown, PA 19401

Estimated Value: $160,985

-- Bed
4 Baths
-- Sq Ft
3,952 Sq Ft Lot

Last Sold June 01, 2017

Last sale price $200,000

Est. 20% decrease in value since last sale

Current estimated payment $1,005/month

Highlights

  • No HOA
  • 4-minute walk to Main Street (Norristown)
  • Baseboard Heating
  • Cooling System Mounted In Outer Wall Opening
  • En-Suite Primary Bedroom
  • 3-minute walk to Crawford Park

About This Home

As of June 2017

Fully occupied, six unit complex. Front building occupies four units, and rear building occupies two units. This is a turn key opportunity, for any hard working, savvy investor. Excellent cash flow. Many repairs and upgrades have been made, over the years. Owner will also provide all of the personal resources available, to keep it running smoothly. Located near transportation, for residents. All tenants pay their own gas/electric. Buyer responsible for U&O.

Last Agent to Sell the Property

Elena Anigati

(267) 824-1780 elenaanigati@gmail.com Equity Pennsylvania Real Estate Listed on: 05/26/2016

Equity Pennsylvania Real Estate

Last Buyer's Agent

Josh Rorke

(610) 733-6199 joshrorke@homesinpa.com RE/MAX Action Associates License #AB068784

RE/MAX Action Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,791

Year Built

  • Built in 1900

Lot Details

  • 3,952 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Aluminum Siding
  • Shingle Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 011
  • Assessor Parcel Number 13-00-22628-003

Community Details

Overview

  • No Home Owners Association
  • Norristown Subdivision

Building Details

  • Insurance Expense $2,400
  • Operating Expense $9,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,791

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Aluminum Siding, Brick, Shingle Siding
  • Exterior Features: Sidewalks, Street Lights
  • 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
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Steam, Radiator, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2300.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3952.00
  • Property Condition: Good
  • Zoning: RO

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 42480.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 618662
  • Tax Annual Amount: 4791.00
  • Assessor Parcel Number: 13-00-22628-003
  • Tax Lot: 011
  • Tax Year: 2017

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2016
Closed on
Jun 1, 2017
Sold by
Anigati Elena
Bought by
Oaks Property Limited Liability Company
Seller's Agent
Elena Anigati
Equity Pennsylvania Real Estate
Buyer's Agent
Josh Rorke
RE/MAX Action Associates
List Price
$279,000
Sold Price
$200,000
Premium/Discount to List
-$79,000
-28.32%
Current Estimated Value
$160,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,015
Avg. Annual Appreciation
-2.55%
Original Mortgage
$150,000
Outstanding Balance
$124,769
Interest Rate
4.02%
Mortgage Type
Commercial
Estimated Equity
$36,216

Purchase Details

Closed on
Sep 1, 2009
Sold by
Cooper Paul and Anigati Elena
Bought by
Anigati Elena

Purchase Details

Closed on
May 13, 2005
Sold by
Rasd and Rice David P
Bought by
Anigati Elena and Cooper Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,010
Interest Rate
5.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 30, 1994
Sold by
Dolphin Service Corp
Bought by
R A S D Inc

Purchase Details

Closed on
Aug 9, 1994
Sold by
Lalley Francis P
Bought by
Dolphin Service Corp
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
Oaks Property Limited Liability Company $94,780 Germantown Title Company
Anigati Elena -- None Available
Anigati Elena $240,000 --
R A S D Inc $150,000 --
Dolphin Service Corp $1,675 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oaks Property Limited Liability Company $150,000
Previous Owner Anigati Elena $25,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2017 06/01/17 Sold $200,000 -28.3% --
03/28/2017 03/28/17 Pending -- -- --
05/26/2016 05/26/16 For Sale $279,000 -- --
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 $5,818 $94,780 $22,840 $71,940
2024 $5,818 $94,780 $22,840 $71,940
2023 $5,766 $94,780 $22,840 $71,940
2022 $5,641 $94,780 $22,840 $71,940
2021 $5,613 $94,780 $22,840 $71,940
2020 $5,355 $94,780 $22,840 $71,940
2019 $5,257 $94,780 $22,840 $71,940
2018 $3,499 $94,780 $22,840 $71,940
2017 $4,828 $94,780 $22,840 $71,940
2016 $4,791 $94,780 $22,840 $71,940
2015 $4,590 $94,780 $22,840 $71,940
2014 $4,590 $94,780 $22,840 $71,940
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Elena Anigati

    Equity Pennsylvania Real Estate

    (267) 824-1780

    Elena Anigati
    Section Image
  • Josh Rorke

    Buyer's Agent in 2017

    Josh Rorke

    RE/MAX

    (610) 733-6199

    1 in this area

    66 Total Sales

    Josh Rorke
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003475943

Bright MLS

APN: 13-00-22628-003

Pennsylvania Montgomery County Norristown 19401

502 W Main St, Norristown, PA

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