NOT LISTED FOR SALE

545 Arch St Norristown, PA 19401

Estimated Value: $200,000 - $269,000

-- Bed
1 Bath
5,560 Sq Ft
$44/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $32,500 $6 Per Sq Ft

Est. 656% increase in value since last sale

Current estimated payment $1,811/month

Highlights

  • No HOA
  • Heating System Uses Oil
  • 2-minute walk to Simmons Park
  • En-Suite Primary Bedroom

About This Home

As of December 2015

Great investment property. Five units each has it's own meter. 1 one bedroom, 4 two bedrooms. Needs work, good location for rentals. Corporate addendum applies with accepted agreement.

Last Agent to Sell the Property

Rosann Connor

(215) 333-7078 connorreo@aol.com Connor & Connor REO License #RM418983 Listed on: 04/01/2015

Last Buyer's Agent

Rosann Connor

(215) 333-7078 connorreo@aol.com Connor & Connor REO License #RM418983 Listed on: 04/01/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,637

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Stucco

Utilities

  • Heating System Uses Oil
  • Oil Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House
  • 2,637 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Operating Expense $4,819

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number 13-00-02240-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Great investment property. Five units each has it's own meter. 1 one bedroom, 4 two bedrooms. Needs work, good location for rentals. Corporate addendum applies with accepted agreement.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 545

Exterior Features

  • Construction Materials: Stucco
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035

Lot Info

  • Land Use Code: 1140
  • Lot Size Acres: 0.06
  • Lot Dimensions: 26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2637.00
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 613462
  • Tax Annual Amount: 4879.00
  • Assessor Parcel Number: 13-00-02240-006
  • Tax Lot: 032
  • Tax Year: 2015
  • Close Date: 12/18/2015

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2015
Closed on
Dec 29, 2015
Sold by
Bayview Loan Servicing Llc
Bought by
Rmg Investments Inc
Seller's Agent
Rosann Connor
Connor & Connor REO
Buyer's Agent
Rosann Connor
Connor & Connor REO
List Price
$69,000
Sold Price
$32,500
Premium/Discount to List
-$36,500
-52.9%
Current Estimated Value
$245,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,167
Avg. Annual Appreciation
22.85%

Purchase Details

Closed on
Jun 13, 2014
Sold by
Chahid Redouane
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Apr 26, 2005
Sold by
Gillen Andrew P and Gillen Linda D
Bought by
Chahid Redouane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,750
Interest Rate
6.4%
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
Rmg Investments Inc $32,500 Attorneys
Bayview Loan Servicing Llc $1,981 None Available
Chahid Redouane $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chahid Redouane $112,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $32,500 -52.9% $6 / Sq Ft
11/18/2015 11/18/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $69,000 -- $12 / 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 $6,108 $99,510 $22,810 $76,700
2024 $6,108 $99,510 $22,810 $76,700
2023 $6,054 $99,510 $22,810 $76,700
2022 $5,923 $99,510 $22,810 $76,700
2021 $5,894 $99,510 $22,810 $76,700
2020 $5,622 $99,510 $22,810 $76,700
2019 $5,520 $99,510 $22,810 $76,700
2018 $3,674 $99,510 $22,810 $76,700
2017 $5,069 $99,510 $22,810 $76,700
2016 $5,030 $99,510 $22,810 $76,700
2015 $4,910 $99,510 $22,810 $76,700
2014 $4,819 $99,510 $22,810 $76,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002564420

Bright MLS

APN: 13-00-02240-006