NOT LISTED FOR SALE

511 W Elm St Norristown, PA 19401

Estimated Value: $184,000 - $208,000

-- Bed
2 Baths
1,920 Sq Ft
$103/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $117,000 $61 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,381/month

Highlights

  • Traditional Architecture
  • No HOA
  • Radiator
  • Wood Flooring

About This Home

As of July 2020

Investor Alert Norristown Duplex with brick front with newer vinyl siding and off street parking for 3 cars. Unit #1 - One bedroom unit with hardwood floors, living room with faux fireplace with marble fireplace mantel, and an eat in kitchen with ceramic tile floors & gas range. Separate utilities including gas and electric. There is a newer gas heater and newer gas hot water heater. Covered back porch and yard. Currently rented at $750.00 per month, which is below market. Unit #2 Is a 2 story 3 Bedroom unit with carpeting and hardwood floors, living room, eat in kitchen with ceramic tile floors and gas range. Separate utilities including gas and electric. There is a newer gas heater and newer gas hot water heater. Currently rented at $875.00 per month, which is below market. 513 W. Elm is currently licensed as a 2 unit rental property. The first phase of the Norrristown Borough Use and Occupancy Permit confirming the use as 2 units has been paid for and completed. The buyer will be responsible for obtaining and satisfying the 2nd phase of the Norristown Borough Use & Occupancy permit.

Last Agent to Sell the Property

Susan Cotteta

(215) 450-4444 Sjcotteta@aol.com Keller Williams Real Estate-Blue Bell Listed on: 02/28/2020

Keller Williams Real Estate-Blue Bell

Last Buyer's Agent

Lorry Hunt

(215) 668-8908 lorryhuntrealtor@gmail.com Keller Williams Main Line License #RS323209

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 22.00 x 0.00

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Unfinished Basement
  • Partial Basement
  • Gas Oven or Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for insurance, lawn/shrub care, repairs, sewer, water, trash collection, real estate taxes
  • Tax Lot 052
  • Assessor Parcel Number 13-00-10956-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants Possessions
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerators
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Investor Alert Norristown Duplex with brick front with newer vinyl siding and off street parking for 3 cars. Unit #1 - One bedroom unit with hardwood floors, living room with faux fireplace with marble fireplace mantel, and an eat in kitchen with ceramic tile floors & gas range. Separate utilities including gas and electric. There is a newer gas heater and newer gas hot water heater. Covered back porch and yard. Currently rented at $750.00 per month, which is below market. Unit #2 Is a 2 story 3 Bedroom unit with carpeting and hardwood floors, living room, eat in kitchen with ceramic tile floors and gas range. Separate utilities including gas and electric. There is a newer gas heater and newer gas hot water heater. Currently rented at $875.00 per month, which is below market. 513 W. Elm is currently licensed as a 2 unit rental property. The first phase of the Norrristown Borough Use and Occupancy Permit confirming the use as 2 units has been paid for and completed. The buyer will be responsible for obtaining and satisfying the 2nd phase of the Norristown Borough Use & Occupancy permit.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Wood Floors
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 62.45
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 511

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • 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
  • Association Recreation Fee: No

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.05
  • Lot Dimensions: 22.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2200.00
  • Year Assessed: 2020
  • Zoning: R2

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Lawn/Shrub Care, Repairs, Sewer, Water, Trash Collection, Taxes - Real Estate
  • Total Actual Rent: 19500.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 615718
  • School Tax: 2478.00
  • Tax Annual Amount: 3670.00
  • Assessor Parcel Number: 13-00-10956-002
  • Tax Lot: 052
  • Tax Total Finished Sq Ft: 1920
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/29/2020

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Lacorte Robert B
Bought by
Cortero Properties Llc
Current Estimated Value
$198,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 28, 2020
Sold by
Evans Joseph C
Bought by
Lacorte Robert B
Seller's Agent
Susan Cotteta
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Lorry Hunt
Keller Williams Main Line
List Price
$119,900
Sold Price
$117,000
Premium/Discount to List
-$2,900
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$87,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2020
Sold by
Jabs Enterprises
Bought by
Evans Joseph

Purchase Details

Listed on
Aug 2, 2012
Closed on
Oct 4, 2012
Sold by
Provident Funding Associates Lp
Bought by
Jabs Enterprises
Seller's Agent
JOANNE MAMROSCH
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Susan Cotteta
Keller Williams Real Estate-Blue Bell
List Price
$59,900
Sold Price
$50,900
Premium/Discount to List
-$9,000
-15.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%

Purchase Details

Listed on
Aug 2, 2012
Closed on
Sep 18, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Provident Funding Associates Lp
Seller's Agent
JOANNE MAMROSCH
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Susan Cotteta
Keller Williams Real Estate-Blue Bell
List Price
$59,900
Sold Price
$50,900
Premium/Discount to List
-$9,000
-15.03%

Purchase Details

Closed on
Apr 27, 2012
Sold by
Wood Annabella
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 6, 2007
Sold by
Holohan Kevin
Bought by
Wood Annabella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.67%
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
Cortero Properties Llc -- Heritage Land Transfer
Lacorte Robert B $117,000 None Available
Evans Joseph -- None Available
Jabs Enterprises $50,900 None Available
Provident Funding Associates Lp -- None Available
Federal Home Loan Mortgage Corp $1,371 None Available
Wood Annabella $187,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cortero Properties Llc $164,500
Previous Owner Lacorte Robert B $87,750
Previous Owner Wood Annabella $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2020 07/29/20 Sold $117,000 -2.4% $61 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $119,900 +2.5% $62 / Sq Ft
03/03/2020 03/03/20 Off Market $117,000 -- --
02/28/2020 02/28/20 For Sale $119,900 +135.6% $62 / Sq Ft
10/05/2012 10/05/12 Sold $50,900 -15.0% $27 / Sq Ft View Prior Sale
08/02/2012 08/02/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $59,900 -- $31 / 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 $3,966 $64,620 $16,970 $47,650
2024 $3,966 $64,620 $16,970 $47,650
2023 $3,931 $64,620 $16,970 $47,650
2022 $3,846 $64,620 $16,970 $47,650
2021 $3,827 $64,620 $16,970 $47,650
2020 $3,651 $64,620 $16,970 $47,650
2019 $3,584 $64,620 $16,970 $47,650
2018 $2,386 $64,620 $16,970 $47,650
2017 $3,292 $64,620 $16,970 $47,650
2016 $3,267 $64,620 $16,970 $47,650
2015 $3,130 $64,620 $16,970 $47,650
2014 $3,130 $64,620 $16,970 $47,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC640330

Bright MLS

APN: 13-00-10956-002