P
Seller's Agent in 2024
Paul Canavarro
RE/MAX
(610) 574-7676
2 in this area
6 Total Sales
535 E Lafayette St Norristown, PA 19401
Estimated Value: $236,000 - $269,035
--
Bed
2
Baths
1,456
Sq Ft
$170/Sq Ft
Est. Value
About This Home
As of August 2024Fantastic investor opportunity. "Turn Key" Duplex fully leased with newer 1 year leases on both units. Monthly generated income:
1st Floor unit: 2 BRs , 1 bath - $1425.00 per month + $25 water fee.
2nd Floor unit: 1 Br, 1 bath - $1125.00 per mont + $25 water fee.
Tenants pay all utilities separately metered except water.
Buyer responsible for expenses and for acquiring U & O.
NO SHOWINGS UNTIL AFTER MAY 1st 2024
Last Agent to Sell the Property
(610) 574-7676 paulcanava@aol.com RE/MAX Main Line-West Chester Listed on: 04/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,157
Year Built
- Built in 1920
Lot Details
- 1,516 Sq Ft Lot
- Lot Dimensions are 22.00 x 0.00
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 1,456 Sq Ft Home
- Partial Basement
Utilities
- Window Unit Cooling System
- Radiator
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for sewer, sewer maintenance, real estate taxes, water
- Tax Lot 77
- Assessor Parcel Number 13-00-19304-024
Community Details
Overview
- 2 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,785
- Gross Income $31,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 23, 2024
Closed on
Aug 14, 2024
Sold by
Cbc Pa Holdings Llc
Bought by
Shanigaram Srinivas
Seller's Agent
Paul Canavarro
RE/MAX Main Line-West Chester
Buyer's Agent
Saaj Patel
Keller Williams Realty Wilmington
List Price
$269,900
Sold Price
$261,225
Premium/Discount to List
-$8,675
-3.21%
Views
53
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,466
Avg. Annual Appreciation
-3.96%
Original Mortgage
$195,919
Outstanding Balance
$193,736
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$54,023
Purchase Details
Listed on
Nov 25, 2022
Closed on
Jan 4, 2023
Sold by
Sereny David M
Bought by
Cbc Pa Holdings Llc
Seller's Agent
Red Chahid
Yellow Keys Realty, LLC
Buyer's Agent
Paul Canavarro
RE/MAX Main Line-West Chester
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%
Original Mortgage
$150,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 18, 1999
Sold by
Craven Vincent E
Bought by
Imc Home Equity Loan Trust
Purchase Details
Closed on
Sep 2, 1997
Sold by
Litt Sandra M and Litt Lawrence M
Bought by
Craven Vincent
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shanigaram Srinivas | $261,225 | None Listed On Document | |
| Cbc Pa Holdings Llc | $200,000 | -- | |
| Imc Home Equity Loan Trust | $1,442 | -- | |
| Craven Vincent | $78,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shanigaram Srinivas | $195,919 | |
| Previous Owner | Cbc Pa Holdings Llc | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/05/2024 08/05/24 | Sold | $261,225 | -1.4% | $179 / Sq Ft | |
| 07/03/2024 07/03/24 | Pending | -- | -- | -- | |
| 05/24/2024 05/24/24 | Price Changed | $265,000 | -1.8% | $182 / Sq Ft | |
| 04/23/2024 04/23/24 | For Sale | $269,900 | +35.0% | $185 / Sq Ft | |
| 01/27/2023 01/27/23 | Sold | $200,000 | +2.6% | $137 / Sq Ft | View Prior Sale |
| 12/02/2022 12/02/22 | Pending | -- | -- | -- | |
| 11/25/2022 11/25/22 | For Sale | $195,000 | -- | $134 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,149 | $35,000 | $20,000 | $15,000 |
| 2024 | $2,149 | $35,000 | $20,000 | $15,000 |
| 2023 | $2,129 | $35,000 | $20,000 | $15,000 |
| 2022 | $2,083 | $35,000 | $20,000 | $15,000 |
| 2021 | $2,073 | $35,000 | $20,000 | $15,000 |
| 2020 | $1,978 | $35,000 | $20,000 | $15,000 |
| 2019 | $1,941 | $35,000 | $20,000 | $15,000 |
| 2018 | $1,292 | $35,000 | $20,000 | $15,000 |
| 2017 | $1,783 | $35,000 | $20,000 | $15,000 |
| 2016 | $1,770 | $35,000 | $20,000 | $15,000 |
| 2015 | $1,695 | $35,000 | $20,000 | $15,000 |
| 2014 | $1,695 | $35,000 | $20,000 | $15,000 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Canavarro
-
Saaj Patel
S
Buyer's Agent in 2024
Saaj Patel
Keller Williams Realty Wilmington
(484) 544-2352
7 in this area
13 Total Sales
-
Red Chahid
Seller's Agent in 2023
Red Chahid
Yellow Keys Realty, LLC
(610) 517-8000
103 in this area
128 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2102000
APN: 13-00-19304-024
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