NOT LISTED FOR SALE

605 Cedar St Bristol, PA 19007

Estimated Value: $317,000 - $437,819

Studio
3 Baths
5,794 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: October 30, 2017

Last sale price $675,000 $116 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $2,525 / mo

16 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • 1 Car Detached Garage
  • Tile or Brick Flooring

About This Home

As of October 2017

Here is your chance to own a phenomenal investment property in one of Pennsylvania' hottest real estate markets! This listing consists of 2 parcels with a total of 8 apartments and one oversized detached garage. The property is located just one block off Radcliffe Street and walking distance to the waterfront, downtown Mill Street and the borough's new boat docks. Every unit has separate gas and electric and the owner installed sub water meters passed the main so each unit pays their own water and sewer. The entire building is separated for utilities and all of the responsibility falls on the tenants. From efficiency units to two bedroom apartments, this is an incredible investment and every unit is occupied. Additional income can come from renting the garage in the rear which is currently occupied by the owner. This isn't your typical apartment building as everything has been maintained by the owner himself. It is a rare opportunity when 8 units are for sale in Historic Bristol Borough so don't miss out on investing in this riverfront community which has unofficially been labeled America's #1 Small Town. Listing information reflects the data for two parcels that combine for the 8 units and garage. Do not inquire about selling just one parcel as the owner is only selling the entire building as a package.

Last Agent to Sell the Property

Ralph DiGuiseppe

(610) 892-8300 mediaoffice@longandfoster.com Long & Foster Real Estate, Inc. License #AB066398 Listed on: 08/11/2017

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Quang Ho

(215) 376-4444 bsmith@realtymarkus.com Realty Mark Associates-CC

Realty Mark Associates-CC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,112

Year Built

  • Built in 1901

Lot Details

  • 5,805 Sq Ft Lot
  • Lot Dimensions are 54 x 130
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 5,794 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile or Brick

Schools

  • Snyder - Girotti Elementary School
  • Bristol Middle - High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 04-021-001 & 04-021-003

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $1,519
  • Insurance Expense $3,064
  • Maintenance Expense $2,851
  • Other Expense $1,221
  • Operating Expense $24,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,112

Year Built

Built in 1901

Lot Details

5,805 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1221.00
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Tile/Brick, Laminated
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 5794
  • Living Area Sq Ft: 5794
  • Price Per Sq Ft: 112.19
  • Above Grade Finished Sq Ft: 5794
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 1519.00
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 4748.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: SNYDER - GIROTTI
  • High School: BRISTOL MIDDLE -

Lot Info

  • Improvement Assessed Value: 21960.00
  • Land Assessed Value: 4040.00
  • Lot Size Acres: 0.13
  • Lot Dimensions: 54 X 130
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5805.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 71405.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 21226
  • Tax Annual Amount: 6112.00
  • Assessor Parcel Number: 04-021-001 & 04-021-003
  • Tax Lot: 001
  • Tax Year: 2017

MLS Schools

  • School District Name: BRISTOL BOROUGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Fenwick Holdings Llc
Bought by
Sp Investments Of Bristol Llc
Current Estimated Value
$394,455

Purchase Details

Listed on
Aug 11, 2017
Closed on
Oct 23, 2017
Sold by
Kimberly D Emido Carl and Emido Kimberly D
Bought by
Fenwick Holidngs Llc
Seller's Agent
Ralph DiGuiseppe
Long & Foster Real Estate, Inc.
Buyer's Agent
Quang Ho
Realty Mark Associates-CC
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.15%
Original Mortgage
$506,250
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 1977
Sold by
Demidio Bernard and Demidio Mary
Bought by
Demidio Carl and Demidio Kimberly
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sp Investments Of Bristol Llc $1,000,000 Great American Abstract Llc
Fenwick Holidngs Llc $675,000 Federated Search & Abstract
Demidio Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fenwick Holidngs Llc $506,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2017 10/30/17 Sold $675,000 +3.8% $116 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $650,000 -- $112 / Sq Ft
Source: Bright MLS

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 $5,029 $21,600 $4,840 $16,760
2024 $5,029 $21,600 $4,840 $16,760
2023 $4,986 $21,600 $4,840 $16,760
2022 $4,986 $21,600 $4,840 $16,760
2021 $4,986 $21,600 $4,840 $16,760
2020 $5,127 $21,600 $4,840 $16,760
2019 $5,105 $21,600 $4,840 $16,760
2018 $5,105 $21,600 $4,840 $16,760
2017 $5,078 $21,600 $4,840 $16,760
2016 $5,078 $21,600 $4,840 $16,760
2015 -- $21,600 $4,840 $16,760
2014 -- $21,600 $4,840 $16,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000455795

Bright MLS

APN: 04-021-003

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