NOT LISTED FOR SALE

552 N Pennsylvania Ave Morrisville, PA 19067

Falls Township Neighborhood

Estimated Value: $242,000 - $325,000

-- Bed
3 Baths
1,298 Sq Ft
$231/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $135,000 $104 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $1,971/month

6 Days on Market

About This Home

As of March 2020

Attention !!! Calling all investors. Twin in Morrisville Boro that has R2-A zoning. This home is legally a single family home BUT with the R2A zoning, it is LEGALLY separated into two apartments. Morrisville Boro recently has confirmed the zoning and will continue to confirm the zoning. The first floor is an efficiency apartment with a full bath, kitchenette and open floor plan. The second and third floor make up the second apartment. There is a full bath, kitchen and 2/3 bedrooms.The roof, windows, siding and both electrical services were recently replaced.The interior needs some updating and improvements in order to receive both use and occupancy permits. The sales price is well below market value reflecting the improvements. This unit has a gross rent multiplier of 8.67 based on a $260,000 sales price after improvements and collecting $2500 in rent monthly.Home is being sold in its as is where as condition. Agents must accompany clients to the home. Use caution when showing. No showings will be after daylight hours

Last Agent to Sell the Property

kevin todd

HomeSmart Nexus Realty Group - Newtown Listed on: 02/18/2020

HomeSmart Nexus Realty Group - Newtown

Last Buyer's Agent

Kristi Shawley

EXP Realty, LLC License #AB069312

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,675 Sq Ft Lot
  • Lot Dimensions are 25.00 x 107.00

Parking

  • Driveway

Home Design

  • Bi-Level Home
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,298 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 218
  • Assessor Parcel Number 24-008-218

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: Attention !!! Calling all investors. Twin in Morrisville Boro that has R2-A zoning. This home is legally a single family home BUT with the R2A zoning, it is LEGALLY separated into two apartments. Morrisville Boro recently has confirmed the zoning and will continue to confirm the zoning. The first floor is an efficiency apartment with a full bath, kitchenette and open floor plan. The second and third floor make up the second apartment. There is a full bath, kitchen and 2/3 bedrooms.The roof, windows, siding and both electrical services were recently replaced.The interior needs some updating and improvements in order to receive both use and occupancy permits. The sales price is well below market value reflecting the improvements. This unit has a gross rent multiplier of 8.67 based on a $260,000 sales price after improvements and collecting $2500 in rent monthly.Home is being sold in its as is where as condition. Agents must accompany clients to the home. Use caution when showing. No showings will be after daylight hours
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room Count: 14
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1298
  • Living Area Sq Ft: 1298
  • Price Per Sq Ft: 112.40
  • Above Grade Finished Sq Ft: 1298
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 552

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MORRISVILLE BOROUGH
  • School District Key: 300200397503
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 10640.00
  • Land Assessed Value: 2160.00
  • Land Use Code: 1023
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 107.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2675.00
  • Year Assessed: 2020
  • Zoning: R-2A
  • Zoning Description: Zoning is for a single family dwelling with an approved use for individual apartments

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 121727
  • School Tax: 2814.00
  • Tax Annual Amount: 3739.00
  • Assessor Parcel Number: 24-008-218
  • Tax Lot: 218
  • Tax Total Finished Sq Ft: 1298
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 03/06/2020

MLS Schools

  • School District Name: MORRISVILLE BOROUGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Mar 5, 2020
Sold by
Todd Judith F
Bought by
Rabl Llc
Seller's Agent
kevin todd
HomeSmart Nexus Realty Group - Newtown
Buyer's Agent
Kristi Shawley
EXP Realty, LLC
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Current Estimated Value
$298,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,757
Avg. Annual Appreciation
14.95%

Purchase Details

Closed on
Jun 14, 2019
Sold by
Schroeter Carl D
Bought by
Todd Judith F

Purchase Details

Closed on
Jul 10, 1997
Sold by
Seely Kenneth C and Seely Judith A
Bought by
Schroeter Carl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,951
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 1986
Bought by
Seely Kenneth C and Seely Judith A
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
Rabl Llc $135,000 Title Services
Todd Judith F $75,000 Title Services
Schroeter Carl D $95,000 --
Seely Kenneth C $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabl Llc $187,500
Previous Owner Schroeter Carl D $94,951
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $135,000 -7.5% $104 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
02/24/2020 02/24/20 Price Changed $145,900 -2.7% $112 / Sq Ft
02/18/2020 02/18/20 For Sale $149,900 -- $115 / 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 $4,121 $12,800 $2,160 $10,640
2023 $4,083 $12,800 $2,160 $10,640
2022 $3,994 $12,800 $2,160 $10,640
2021 $3,818 $12,800 $2,160 $10,640
2020 $3,739 $12,800 $2,160 $10,640
2019 $3,560 $12,800 $2,160 $10,640
2018 $3,485 $12,800 $2,160 $10,640
2017 $3,477 $12,800 $2,160 $10,640
2016 $3,484 $12,800 $2,160 $10,640
2015 -- $12,800 $2,160 $10,640
2014 -- $12,800 $2,160 $10,640
Source: Public Records

Agents Affiliated with this Home

  • k

    Seller's Agent in 2020

    kevin todd

    HomeSmart Nexus Realty Group - Newtown

    (215) 219-0504

    25 Total Sales

    Section Image
  • Kristi Shawley

    Buyer's Agent in 2020

    Kristi Shawley

    EXP Realty, LLC

    (215) 604-1191

    3 in this area

    111 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PABU489914

Bright MLS

APN: 24-008-218

Pennsylvania Bucks County Morrisville 19067 Falls Township

552 N Pennsylvania Ave, Morrisville, PA

This home is located at 552 N Pennsylvania Ave, Morrisville, PA 19067 since 18 February 2020 and is currently estimated at $300,365, approximately $231 per square foot. This property was built in 1930. 552 N Pennsylvania Ave is a home located in Bucks County with nearby schools including Grandview Elementary School, Morrisville High School, and Foundation Academy Charter School.

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