NOT LISTED FOR SALE

509 W Main St Norristown, PA 19401

Estimated Value: $205,000 - $480,000

-- Bed
3 Baths
2,604 Sq Ft
$114/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $142,000 $55 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,960/month

Highlights

  • Contemporary Architecture
  • 4-minute walk to Main Street (Norristown)
  • 3-minute walk to Crawford Park
  • No HOA
  • Radiator

About This Home

As of December 2020

An excellent opportunity for an investor to own a triplex at a very affordable price in a prime location in Norristown. All units are occupied. Separately metered for gas and electric. This is strictly an as-is sale.

Last Agent to Sell the Property

Richard Astrella

(267) 241-1246 rich@starrealestategroup.net Addison Real Estate Company Inc License #AB069580 Listed on: 09/17/2020

Last Buyer's Agent

Aman Gulati

(610) 662-1505 axg0301@gmail.com Springer Realty Group

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,312 Sq Ft Lot
  • Lot Dimensions are 27.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,604 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 023
  • Assessor Parcel Number 13-00-23008-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2020-09-18
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2604
  • Living Area Sq Ft: 2604
  • Price Per Sq Ft: 57.60
  • Above Grade Finished Sq Ft: 2604
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 27.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3312.00
  • Zoning: RO

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 618756
  • School Tax: 3105.00
  • Tax Annual Amount: 4553.00
  • Assessor Parcel Number: 13-00-23008-001
  • Tax Lot: 023
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Dec 9, 2020
Sold by
Shubert Christine C
Bought by
Gulati Aman
Seller's Agent
Richard Astrella
Addison Real Estate Company Inc
Buyer's Agent
Aman Gulati
Springer Realty Group
List Price
$150,000
Sold Price
$142,000
Premium/Discount to List
-$8,000
-5.33%
Current Estimated Value
$297,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,333
Avg. Annual Appreciation
16.35%
Original Mortgage
$106,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 1999
Sold by
Fitzgerald George J
Bought by
Egan Patrick and Mannion Declan
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
Gulati Aman $142,000 Title Services
Egan Patrick $78,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gulati Aman $106,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $142,000 -5.3% $55 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $150,000 -- $58 / 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 $4,815 $78,430 $17,310 $61,120
2024 $4,815 $78,430 $17,310 $61,120
2023 $4,771 $78,430 $17,310 $61,120
2022 $4,668 $78,430 $17,310 $61,120
2021 $4,645 $78,430 $17,310 $61,120
2020 $4,431 $78,430 $17,310 $61,120
2019 $4,350 $78,430 $17,310 $61,120
2018 $2,896 $78,430 $17,310 $61,120
2017 $3,995 $78,430 $17,310 $61,120
2016 $3,964 $78,430 $17,310 $61,120
2015 $3,798 $78,430 $17,310 $61,120
2014 $3,798 $78,430 $17,310 $61,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC663708

Bright MLS

APN: 13-00-23008-001