NOT LISTED FOR SALE

Estimated Value: $385,000 - $868,000

Studio
4 Baths
3,832 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: July 30, 2019

Last sale price $491,500 $128 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,066 / mo

Highlights

  • No HOA
  • 4 Car Direct Access Garage
  • Hot Water Baseboard Heater
  • Springfield Literacy Center Rated A-

About This Home

As of July 2019

Attention Investors, rock solid investment, maintenance free opportunity. Income producing (GRI $51,600) 100% occupied 4 unit all 2 bedroom apartment building located in the heart of Springfield. Units newly remodeled in 2016 including: New heaters, new wall air conditioners, new wiring, carpeting, new roof, new kitchens and modern baths. Building also features 4x 1car garages, private storage space in the basement and onsite laundry. Perfectly situated in a private cul-de-sac, close to Springfield Schools, parks, shopping, major roads and walk to public transportation. Convenient to I476, Center City & King of Prussia.

Last Agent to Sell the Property

Evans Zog

(610) 325-4100 mdadamo@remax.net RE/MAX Preferred - Newtown Square License #RS287963 Listed on: 05/02/2019

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Evans Zog

(610) 325-4100 mdadamo@remax.net RE/MAX Preferred - Newtown Square License #RS287963 Listed on: 05/02/2019

RE/MAX Preferred - Newtown Square

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,413

Year Built

  • Built in 1965

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 44.58 x 30.81

Parking

  • 4 Car Direct Access Garage
  • Basement Garage

Home Design

  • 3,832 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Garage Access

Schools

  • Richardson Middle School
  • Springfield High School

Utilities

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

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 284-000
  • Assessor Parcel Number 42-00-04673-11

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,413

Year Built

Built in 1965

Lot Details

7,187 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2019-05-07
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Garage Access
  • Total Sq Ft: 3832
  • Living Area Sq Ft: 3832
  • Price Per Sq Ft: 137.00
  • Above Grade Finished Sq Ft: 3832
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Pitched, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Paved Driveway, Private
  • Garage Features: Basement Garage, Built In, Inside Access
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: SPRINGFIELD
  • Middle Or Junior School: RICHARDSON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 189020.00
  • Land Assessed Value: 45530.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 44.58 x 30.81
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7187.00
  • Zoning: APARTMENTS

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 51600.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 561225
  • School Tax: 7735.00
  • Tax Annual Amount: 10413.00
  • Assessor Parcel Number: 42-00-04673-11
  • Tax Lot: 284-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Gross Income: 51600.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: SPRINGFIELD

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Jul 27, 2019
Sold by
Markatos Eleftheria and Markatos Angelo
Bought by
Seller's Agent
Evans Zog
RE/MAX Preferred - Newtown Square
Buyer's Agent
Evans Zog
RE/MAX Preferred - Newtown Square
List Price
$525,000
Sold Price
$491,500
Premium/Discount to List
-$33,500
-6.38%
Current Estimated Value
$690,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,086
Avg. Annual Appreciation
4.89%
Original Mortgage
$393,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 14, 2011
Closed on
Jan 5, 2012
Sold by
Lesniak Stanley J and Mckinney Raymond M
Bought by
Markatos Gus and Markatos Eleftheria
Seller's Agent
Sam Ahluwalia
Weichert, Realtors - Cornerstone
Buyer's Agent
ANTHONY MUCCIOLO
Chess Realty Inc
List Price
$249,850
Sold Price
$415,000
Premium/Discount to List
$165,150
66.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Original Mortgage
$304,500
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2005
Sold by
Ross George M
Bought by
Lesniak Stanley J and Mckinney Raymond M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2001
Sold by
Fredric J Stinson Trust
Bought by
Ross George M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,400
Interest Rate
7.09%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Springfield, PA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$491,500 Nova Abstract Llc
Markatos Gus $415,000 None Available
Lesniak Stanley J $455,000 None Available
Ross George M $245,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $393,000
Previous Owner Markatos Gus $304,500
Previous Owner Lesniak Coulston $452,000
Previous Owner Lesniak Stanley J $364,000
Previous Owner Ross George M $196,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2019 07/30/19 Sold $491,500 -6.4% $128 / Sq Ft
06/04/2019 06/04/19 For Sale $525,000 +26.5% $137 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
01/05/2012 01/05/12 Sold $415,000 +66.1% -- View Prior Sale
10/20/2011 10/20/11 Pending -- -- --
03/14/2011 03/14/11 For Sale $249,850 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,061 $502,530 $94,710 $407,820
2025 $14,125 $502,530 $94,710 $407,820
2024 $14,125 $502,530 $94,710 $407,820
2023 $13,601 $502,530 $94,710 $407,820
2022 $13,306 $502,530 $94,710 $407,820
2021 $20,607 $502,530 $94,710 $407,820
2020 $10,628 $234,550 $45,530 $189,020
2019 $10,379 $234,550 $45,530 $189,020
2018 $10,230 $234,550 $0 $0
2017 $9,994 $234,550 $0 $0
2016 $1,287 $234,550 $0 $0
2015 $1,287 $234,550 $0 $0
2014 $1,287 $234,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE489064

Bright MLS

APN: 42-00-04673-11

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