NOT LISTED FOR SALE

536 540 E Main St Norristown, PA 19401

Estimated Value: $718,821

-- Bed
-- Bath
-- Sq Ft
6,925 Sq Ft Lot

Last Sold April 30, 2024

Last sale price $720,000

Current estimated payment $4,788/month

69 Days on Market

About This Home

As of April 2024

Seller would consider a package deal for all 7 properties =3M823 W Main, 536-540 E Main, 826 W Main, 418 W Airy, 1111 W Main, 922 W Main, 311 HawsSeller financingSeller is willing to finance up to 10% of the purchase price of the property for Three years at an interest rate of 8.4% with a 30 year amortization. All properties as is condition, buyer to pay for U & OThis property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. There have been some updates to the interior units, but this property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income.

Last Agent to Sell the Property

Keri Bernstein

KW Empower Listed on: 10/11/2023

KW Empower

Last Buyer's Agent

Keri Bernstein

KW Empower Listed on: 10/11/2023

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,732

Year Built

  • Built in 1900

Lot Details

  • 6,925 Sq Ft Lot
  • Lot Dimensions are 50.00 x 0.00

Home Design

  • Brick Exterior Construction

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Parking Lot

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 13-00-21572-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,732

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: All appliances as is condition
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: Seller would consider a package deal for all 7 properties =3M 823 W Main, 536-540 E Main, 826 W Main, 418 W Airy, 1111 W Main, 922 W Main, 311 Haws Seller financing Seller is willing to finance up to 10% of the purchase price of the property for Three years at an interest rate of 8.4% with a 30 year amortization. All properties as is condition, buyer to pay for U & O This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. There have been some updates to the interior units, but this property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Room Count: 8
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 536

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
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway, Parking Lot
  • Parking Lot Number Of Spaces: 8

Utilities

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

Schools

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

Lot Info

  • Land Use Code: 4100
  • Lot Size Acres: 0.16
  • Lot Dimensions: 50.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6925.00
  • Year Assessed: 2023
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 6272.00
  • Tax Annual Amount: 9732.00
  • Assessor Parcel Number: 13-00-21572-006
  • Tax Lot: 58
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/30/2024

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Apr 10, 2024
Sold by
Three Bears Properties Llc
Bought by
Kop Investment Llc
Seller's Agent
Keri Bernstein
KW Empower
Buyer's Agent
Keri Bernstein
KW Empower
List Price
$720,000
Sold Price
$720,000
Views
78
Current Estimated Value
$718,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,179
Avg. Annual Appreciation
-1.16%
Original Mortgage
$300,000
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2015
Sold by
Pak Hyuck Joon
Bought by
Three Bears Properties Llc

Purchase Details

Closed on
Dec 17, 2012
Sold by
Joon H and Pak Tae
Bought by
Pak Hyuck Joon

Purchase Details

Closed on
Apr 19, 2006
Sold by
Capone Andrew A and Capone Susan V
Bought by
Joon H and Pak Tae
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
Kop Investment Llc $720,000 Great American Abstract
Three Bears Properties Llc $345,000 None Available
Pak Hyuck Joon -- None Available
Joon H $350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kop Investment Llc $300,000
Previous Owner Three Bears Properties Llc $258,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $720,000 0.0% --
01/03/2024 01/03/24 For Sale $720,000 0.0% --
12/19/2023 12/19/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $720,000 +9.1% --
10/11/2023 10/11/23 Price Changed $660,000 +10.0% --
10/11/2023 10/11/23 For Sale $600,000 -- --
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
2024 $9,821 $160,000 $30,810 $129,190
2023 $9,733 $160,000 $30,810 $129,190
2022 $9,523 $160,000 $30,810 $129,190
2021 $9,476 $160,000 $30,810 $129,190
2020 $9,040 $160,000 $30,810 $129,190
2019 $8,875 $160,000 $30,810 $129,190
2018 $5,907 $160,000 $30,810 $129,190
2017 $8,150 $160,000 $30,810 $129,190
2016 $8,087 $160,000 $30,810 $129,190
2015 $7,894 $160,000 $30,810 $129,190
2014 $7,748 $160,000 $30,810 $129,190
Source: Public Records

Agents Affiliated with this Home

  • Keri Bernstein

    Seller's Agent in 2024

    Keri Bernstein

    KW Empower

    (215) 370-7458

    5 in this area

    140 Total Sales

    Keri Bernstein
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Map

Source: Bright MLS

MLS Number: PAMC2086256

Bright MLS

APN: 13-00-21572-006

Pennsylvania Montgomery County Norristown 19401

536 540 E Main St, Norristown, PA

This home is located at 536 540 E Main St, Norristown, PA 19401 since 11 October 2023 and is currently estimated at $718,821. This property was built in 1900. 536 540 E Main St is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, East Norriton Middle School, and Paul V Fly Elementary School.

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