NOT LISTED FOR SALE

505 W Cheltenham Ave Unit 49 Elkins Park, PA 19027

Elkins Park Neighborhood

Estimated Value: $378,000 - $389,000

-- Bed
3 Baths
1,920 Sq Ft
$199/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $200,000 $104 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,717/month

24 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Parking Storage or Cabinetry
  • Myers Elementary School Rated A-
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2020

Here is a great opportunity to own this Victorian Twin Multifamily property in Melrose Park. The first unit offers 3 Rooms, 1 Bedroom, 1 Full Bathroom. The second unit offers 5 Rooms on 2 levels, 2 bedrooms, 1 Bathroom, It just needs your finishing touch. This property also features 3 detached garages for additional storage or additional rental income. Convenient access to the Rte 611, Rte 309& Rte73 and plenty of shopping centers near by. Buyer is responsible to obtain U & O cert if township requires. "First Time Buyers, complete the HomePath Ready Buyer home ownership course on homepath website. Attach certificate to offer and request up to 3%closing cost assistance. Check HomePath website for more details or ask me. Restrictions apply."

Last Agent to Sell the Property

Anne Rubin

Century 21 Advantage Gold-Elkins Park License #AB060257L Listed on: 08/18/2020

Century 21 Advantage Gold-Elkins Park

Last Buyer's Agent

Gary Segal

Dan Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,125 Sq Ft Lot
  • Lot Dimensions are 25.00 x 0.00

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Stone Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 049
  • Assessor Parcel Number 31-00-05443-007

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Melrose Park Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Here is a great opportunity to own this Victorian Twin Multifamily property in Melrose Park. The first unit offers 3 Rooms, 1 Bedroom, 1 Full Bathroom. The second unit offers 5 Rooms on 2 levels, 2 bedrooms, 1 Bathroom, It just needs your finishing touch. This property also features 3 detached garages for additional storage or additional rental income. Convenient access to the Rte 611, Rte 309& Rte73 and plenty of shopping centers near by. Buyer is responsible to obtain U & O cert if township requires. "First Time Buyers, complete the HomePath Ready Buyer home ownership course on homepath website. Attach certificate to offer and request up to 3%closing cost assistance. Check HomePath website for more details or ask me. Restrictions apply."
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 104.17
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: CHELTENHAM
  • School District Key: 300200396295
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3125.00
  • Year Assessed: 2020
  • Zoning: R7

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 666021
  • School Tax: 5000.00
  • Tax Annual Amount: 6305.00
  • Assessor Parcel Number: 31-00-05443-007
  • Tax Lot: 049
  • Tax Total Finished Sq Ft: 1920
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/07/2020

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: CHELTENHAM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2024
Sold by
Konstantynov Oleg
Bought by
Konstantynov Oleg and Konstantinova Olena
Current Estimated Value
$381,342

Purchase Details

Closed on
Dec 28, 2022
Sold by
Ryzinsky George
Bought by
Konstantynov Oleg

Purchase Details

Listed on
Aug 18, 2020
Closed on
Oct 6, 2020
Sold by
Fannie Mae
Bought by
Igolkin Igor and Ryzinsky George
Seller's Agent
Anne Rubin
Century 21 Advantage Gold-Elkins Park
Buyer's Agent
Gary Segal
Dan Realty
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.11%

Purchase Details

Closed on
Feb 26, 2020
Sold by
Montgomery County Sheriff
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 31, 2007
Sold by
Mcquay Jessye R and Mcquay Herbert J
Bought by
Mcquay Jessye R and Mcquay Herbert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.27%

Purchase Details

Closed on
Nov 12, 2004
Sold by
Mcquay Jessye R
Bought by
Mcquay Jessye R and Mcquay Herbert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
9.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 1997
Sold by
Izak Linda E and Henry David H
Bought by
Mcquay Jessye R
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
Konstantynov Oleg $8,675 None Listed On Document
Konstantynov Oleg $305,000 --
Igolkin Igor $200,000 None Available
Federal National Mortgage Association $1,486 None Available
Mcquay Jessye R -- None Available
Mcquay Jessye R -- --
Mcquay Jessye R $87,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcquay Jessyre R $197,250
Previous Owner Mcquay Jessye R $200,000
Previous Owner Mcquay Jessye R $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $200,000 0.0% $104 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $200,000 -- $104 / 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 $7,684 $115,050 -- --
2024 $7,684 $115,050 -- --
2023 $7,597 $115,050 $0 $0
2022 $6,500 $100,150 $28,820 $71,330
2021 $6,322 $100,150 $28,820 $71,330
2020 $6,140 $100,150 $28,820 $71,330
2019 $6,017 $100,150 $28,820 $71,330
2018 $2,474 $100,150 $28,820 $71,330
2017 $5,745 $100,150 $28,820 $71,330
2016 $5,705 $100,150 $28,820 $71,330
2015 $5,440 $100,150 $28,820 $71,330
2014 $5,440 $100,150 $28,820 $71,330
Source: Public Records

Agents Affiliated with this Home

  • Anne Rubin

    Seller's Agent in 2020

    Anne Rubin

    Century 21 Advantage Gold-Elkins Park

    (215) 887-4653

    22 in this area

    115 Total Sales

    Anne Rubin
    Section Image

  • G

    Buyer's Agent in 2020

    Gary Segal

    Dan Realty

    (215) 431-7294

    1 in this area

    12 Total Sales

    Gary Segal
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAMC660572

Bright MLS

APN: 31-00-05443-007

Pennsylvania Montgomery County Elkins Park 19027 Elkins Park

505 W Cheltenham Ave Unit 49, Elkins Park, PA

This home is located at 505 W Cheltenham Ave Unit 49, Elkins Park, PA 19027 since 18 August 2020 and is currently estimated at $381,342, approximately $198 per square foot. This property was built in 1910. 505 W Cheltenham Ave Unit 49 is a home located in Montgomery County with nearby schools including Myers Elementary School, Elkins Park School, and Cedarbrook Middle School.

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