NOT LISTED FOR SALE

511 N Essex Ave Narberth, PA 19072

Estimated Value: $846,000 - $967,785

-- Bed
3 Baths
3,065 Sq Ft
$300/Sq Ft Est. Value

Last Sold March 24, 2018

Last sale price $585,000 $191 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,632/month

Highlights

  • Wood Flooring
  • No HOA
  • Hot Water Heating System
  • Belmont Hills El School Rated A+
  • En-Suite Primary Bedroom
  • 4-minute walk to Sabine Park

About This Home

As of March 2018

All three units are separately metered for electric and gas. Tenants pay their own heat, hot water, cooking and electricity. Owner currently pays for cold water and sewer. Located a short walk to the train station, numerous shops and restaurants, a first run movie theater, library and Borough Park, this investment property is a money maker. Income and expenses are based on a combination of owners records and estimates.

Last Agent to Sell the Property

James Hocker

(610) 662-7365 hhsold@aol.com Compass RE License #AB062492L Listed on: 10/15/2017

Compass RE

Last Buyer's Agent

LIZ FONDREN

(610) 585-4595 lizfondren@yahoo.com BHHS Fox & Roach-Haverford License #RS197167L

BHHS Fox & Roach-Haverford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,184

Year Built

  • Built in 1900

Lot Details

  • 7,200 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,065 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • Driveway
  • On-Street Parking

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 12-00-01138-002

Community Details

Overview

  • No Home Owners Association
  • Narberth Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $1,536
  • Maintenance Expense $1,500
  • Other Expense $500
  • Operating Expense $13,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,184

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Other Expense: 500.00
  • Year Built: 1900
  • Remarks Public: All three units are separately metered for electric and gas. Tenants pay their own heat, hot water, cooking and electricity. Owner currently pays for cold water and sewer. Located a short walk to the train station, numerous shops and restaurants, a first run movie theater, library and Borough Park, this investment property is a money maker. Income and expenses are based on a combination of owners records and estimates.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Total Sq Ft: 3065
  • Living Area Sq Ft: 3065
  • Price Per Sq Ft: 212.07
  • Above Grade Finished Sq Ft: 3065
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 511

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1500.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: LOWER MERION
  • School District Key: 300200396851

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.17
  • Lot Dimensions: 80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7200.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 56700.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 611837
  • Tax Annual Amount: 8184.00
  • Assessor Parcel Number: 12-00-01138-002
  • Tax Lot: 042
  • Tax Year: 2017
  • Close Date: 03/24/2018

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2017
Closed on
Mar 13, 2018
Sold by
Shoulson Joel H
Bought by
Ashraf Saba and Zolali Fariborz M
Seller's Agent
James Hocker
Compass RE
Buyer's Agent
LIZ FONDREN
BHHS Fox & Roach-Haverford
List Price
$650,000
Sold Price
$585,000
Premium/Discount to List
-$65,000
-10%
Current Estimated Value
$918,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,696
Avg. Annual Appreciation
6.13%
Original Mortgage
$438,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2012
Sold by
Shoulson Joel H and Riebman Barbara L
Bought by
Shoulson Joel H

Purchase Details

Closed on
Nov 16, 2005
Sold by
Schwartz Barbara J
Bought by
Shoulson Joel H and Riebman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.14%
Source: Public Records

Range of Values:

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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
Ashraf Saba $585,000 --
Shoulson Joel H -- None Available
Shoulson Joel H $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashraf Saba $438,000
Closed Ashraf Saba $438,750
Previous Owner Shoulson Joel H $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2018 03/24/18 Sold $585,000 -10.0% $191 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
10/15/2017 10/15/17 For Sale $650,000 0.0% $212 / Sq Ft
04/02/2016 04/02/16 Rented $1,275 -15.0% --
04/01/2016 04/01/16 Under Contract -- -- --
09/18/2015 09/18/15 For Rent $1,500 -- --
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 $9,362 $197,340 $69,370 $127,970
2024 $9,362 $197,340 $69,370 $127,970
2023 $9,018 $197,340 $69,370 $127,970
2022 $9,286 $197,340 $69,370 $127,970
2021 $8,695 $197,340 $69,370 $127,970
2020 $8,479 $197,340 $69,370 $127,970
2019 $8,349 $197,340 $69,370 $127,970
2018 $5,673 $197,340 $69,370 $127,970
2017 $8,051 $197,340 $69,370 $127,970
2016 $7,974 $197,340 $69,370 $127,970
2015 $7,353 $197,340 $69,370 $127,970
2014 $7,353 $197,340 $69,370 $127,970
Source: Public Records

Agents Affiliated with this Home

  • James Hocker

    Seller's Agent in 2018

    James Hocker

    Compass RE

    (610) 662-7365

    4 in this area

    48 Total Sales

    James Hocker
    Section Image
  • LIZ FONDREN

    Buyer's Agent in 2018

    LIZ FONDREN

    BHHS Fox & Roach

    (610) 585-4595

    35 Total Sales

    LIZ FONDREN
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003279979

Bright MLS

APN: 12-00-01138-002

Pennsylvania Montgomery County Narberth 19072

511 N Essex Ave, Narberth, PA

This home is located at 511 N Essex Ave, Narberth, PA 19072 since 15 October 2017 and is currently estimated at $918,696, approximately $299 per square foot. This property was built in 1900. 511 N Essex Ave is a home located in Montgomery County with nearby schools including Belmont Hills El School, Welsh Valley Middle School, and Lower Merion High School.

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