NOT LISTED FOR SALE

529 E Lafayette St Norristown, PA 19401

Estimated Value: $199,000 - $252,000

4 Beds
1 Bath
1,590 Sq Ft
$144/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $112,500 $71 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,428/month

4 Days on Market

Highlights

  • Straight Thru Architecture
  • Living Room
  • Hot Water Heating System
  • No HOA
  • Dining Room

About This Home

As of October 2021

Great income producing investment property. Tenants pay all utilities. Lease in place until January 1, 2022. Tenant currently pays $1200/month, it is under value. Long term tenants, over 10 years. Great turnkey investment for the right investor. Property is in well maintained and in good condition. In walking distance to the R6, high speed line and bus station, bike/walking trail across the street and near all major highways. Schedule your tour today!

Last Agent to Sell the Property

Bill Deery

(484) 752-0730 bill@billdeery.net Compass RE Listed on: 08/06/2021

Compass RE

Co-Listed By

Laura Hewitt

(610) 400-5951 Laura@LauraHewitt.com Compass RE

Last Buyer's Agent

Jim Israel

(215) 828-4219 jim.israel@wheelhousephilly.com Compass RE License #2549478

Compass RE

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,666

Year Built

  • Built in 1910

Lot Details

  • 2,266 Sq Ft Lot
  • Lot Dimensions are 18.00 x 0.00

Parking

  • On-Street Parking

Home Design

  • Semi-Detached or Twin Home
  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,590 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Norristown Area High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 019
  • Assessor Parcel Number 13-00-19300-001

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,666

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2021-08-06
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 1590
  • Living Area Sq Ft: 1590
  • Price Per Sq Ft: 78.62
  • Above Grade Finished Sq Ft: 1590
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • 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: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent
  • High School: NORRISTOWN AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 18.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2266.00
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 617823
  • School Tax: 1783.00
  • Tax Annual Amount: 2666.00
  • Assessor Parcel Number: 13-00-19300-001
  • Tax Lot: 019
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Oct 6, 2021
Sold by
L J Ghanayem Real Estate Llc
Bought by
Jbjn Investments Llc
Seller's Agent
Bill Deery
Compass RE
Buyer's Agent
Jim Israel
Compass RE
List Price
$125,000
Sold Price
$112,500
Premium/Discount to List
-$12,500
-10%
Current Estimated Value
$228,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,833
Avg. Annual Appreciation
18.45%

Purchase Details

Closed on
Nov 13, 2019
Sold by
529 E Lafayette Street Llc
Bought by
L J Ghanayem Real Estate Llc

Purchase Details

Closed on
Jun 26, 2013
Sold by
Larson Scott and Larson Maria
Bought by
529 E Lafayette Street Llc

Purchase Details

Closed on
Aug 3, 2005
Sold by
Gallo Alfonzo and Gallo Richard
Bought by
Larson Scott and Larson Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
7.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jbjn Investments Llc $225,000 --
L J Ghanayem Real Estate Llc $20,000 None Available
529 E Lafayette Street Llc $72,482 None Available
Larson Scott $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Scott $83,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2021 10/06/21 Sold $112,500 0.0% $71 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/11/2021 08/11/21 Off Market $112,500 -- --
08/06/2021 08/06/21 For Sale $125,000 -- $79 / 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 $2,764 $45,020 $20,990 $24,030
2024 $2,764 $45,020 $20,990 $24,030
2023 $2,739 $45,020 $20,990 $24,030
2022 $2,679 $45,020 $20,990 $24,030
2021 $2,666 $45,020 $20,990 $24,030
2020 $2,544 $45,020 $20,990 $24,030
2019 $2,497 $45,020 $20,990 $24,030
2018 $1,662 $45,020 $20,990 $24,030
2017 $2,293 $45,020 $20,990 $24,030
2016 $2,276 $45,020 $20,990 $24,030
2015 $2,180 $45,020 $20,990 $24,030
2014 $2,180 $45,020 $20,990 $24,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2006752

Bright MLS

APN: 13-00-19300-001