NOT LISTED FOR SALE

542 Stanbridge St Norristown, PA 19401

Estimated Value: $258,167 - $453,000

-- Bed
2 Baths
3,000 Sq Ft
$112/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $330,000 $110 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,290/month

40 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

Building has undergone a massive renovation. Building has also been expanded. There are now TWO highly stylish, sophisticated 3 Bedroom units measuring approximately 1,400sf each. Building was completely gutted. All new framing, drywall, flooring, plumbing, electric and HVAC. First floor unit will offer a relaxing front porch and the upper unit will feature a huge deck off the kitchen. Both units will have laundry hook-ups along with separate gas heaters and hot water heaters. Both units will have separate, private entrances. This an excellent opportunity to buy, move into one unit and rent the other unit out. Start off with superb maintenance free condition! Off street parking included too.

Last Agent to Sell the Property

Matin Haghkar

RE/MAX Plus Listed on: 08/06/2021

Co-Listed By

Joseph Coppola

RE/MAX Plus

Last Buyer's Agent

Michael Thomas

RE/MAX Ready

RE/MAX Ready

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,613

Year Built

  • Built in 1890 | Remodeled in 2021

Lot Details

  • 3,800 Sq Ft Lot
  • Lot Dimensions are 25.00 x 0.00

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 024
  • Assessor Parcel Number 13-00-34608-002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,613

Year Built

Built in 1890 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-08-07
  • Year Built: 1890
  • Year Renovated: 2021
  • Automatically Close On Close Date: Yes
  • Remarks Public: Building has undergone a massive renovation. Building has also been expanded. There are now TWO highly stylish, sophisticated 3 Bedroom units measuring approximately 1,400sf each. Building was completely gutted. All new framing, drywall, flooring, plumbing, electric and HVAC. First floor unit will offer a relaxing front porch and the upper unit will feature a huge deck off the kitchen. Both units will have laundry hook-ups along with separate gas heaters and hot water heaters. Both units will have separate, private entrances. This an excellent opportunity to buy, move into one unit and rent the other unit out. Start off with superb maintenance free condition! Off street parking included too.
  • Special Features: NewHome

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 119.97
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 542

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
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: 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: 0.09
  • Lot Dimensions: 25.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3800.00
  • Year Assessed: 2021
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 621782
  • School Tax: 3084.00
  • Tax Annual Amount: 4613.00
  • Assessor Parcel Number: 13-00-34608-002
  • Tax Lot: 024
  • Tax Total Finished Sq Ft: 2520
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 10/28/2021

Multi Family

  • Number Of Units Vacant: 2

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 28, 2021
Sold by
Star Home Solutions Llc
Bought by
Thomas Michael
Seller's Agent
Matin Haghkar
RE/MAX Plus
Buyer's Agent
Michael Thomas
RE/MAX Ready
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%
Total Days on Market
40
Current Estimated Value
$337,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,042
Avg. Annual Appreciation
0.59%
Original Mortgage
$324,022
Outstanding Balance
$300,561
Interest Rate
3.14%
Mortgage Type
FHA
Estimated Equity
$36,481

Purchase Details

Closed on
Mar 5, 2018
Sold by
Montgomery County Sheriff
Bought by
Star Home Solutions

Purchase Details

Closed on
Aug 10, 1993
Bought by
Rice David P
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
Thomas Michael $330,000 None Available
Star Home Solutions $144,097 None Available
Rice David P $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Michael $324,022
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $330,000 -8.3% $110 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $359,900 0.0% $120 / Sq Ft
08/05/2021 08/05/21 Price Changed $359,900 -- $120 / 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
2024 $4,781 $77,890 $17,460 $60,430
2023 $4,738 $77,890 $17,460 $60,430
2022 $4,636 $77,890 $17,460 $60,430
2021 $4,613 $77,890 $17,460 $60,430
2020 $4,401 $77,890 $17,460 $60,430
2019 $4,320 $77,890 $17,460 $60,430
2018 $2,876 $77,890 $17,460 $60,430
2017 $3,968 $77,890 $17,460 $60,430
2016 $3,937 $77,890 $17,460 $60,430
2015 $3,772 $77,890 $17,460 $60,430
2014 $3,772 $77,890 $17,460 $60,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC696140

Bright MLS

APN: 13-00-34608-002