$330,000
SOLD MAY 5, 2023

605 E Broad St Quakertown, PA 18951

-- Bed
-- Bath
1,542 Sq Ft
7,550 Sq Ft Lot

Recently Sold

$214 Per Sq Ft

1 Day on Market

Highlights

  • Colonial Architecture
  • Stainless Steel Appliances
  • Electric Baseboard Heater
  • Combination Kitchen and Living

About This Home

As of May 2023

2 unit Twin in Quakertown. Great for owner occupant or Investor owner. Downstairs 2BR and Upstairs 3 BR. Both units have a combo Kitchen/Living Room, and are fully remodeled with separate utilities. Both have new ductless mini split heating and A/C units with backup electric baseboard in bathrooms. New Kitchens, bathrooms lighting, flooring throughout. Downstairs unit is setup for a washer in the basement, upstairs unit has a combo Bath/Laundry in the unit. There are 6-7 off street parking spots in the rear off of the alley. Home sits on one lot, and there is 2nd lot directly behind on the other side of the alley that transfers with the sale. Ready to move in your tenants or move in one and rent out the other. Very walkable to the Central Boro amenities. Shopping, restaurants, the Univest Center, Park, and all of the Boro festivals. Great addition to any portfolio.

Last Agent to Sell the Property

Peter Cerruti

(215) 429-7273 petecerruti@yahoo.com RE/MAX 440 - Quakertown License #RS219840L Listed on: 03/22/2023

Last Buyer's Agent

Brandon Ribeiro

(445) 300-9082 brandon@agentphl.com Keller Williams Liberty Place

Keller Williams Liberty Place

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1920 | Remodeled in 2023

Lot Details

  • 7,550 Sq Ft Lot
  • Lot Dimensions are 25.00 x 302.00

Home Design

  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,542 Sq Ft Home
  • Combination Kitchen and Living
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Stainless Steel Appliances

Parking

  • 7 Parking Spaces
  • 7 Off-Street Spaces
  • Alley Access
  • Gravel Driveway
  • Paved Parking

Utilities

  • Ductless Heating Or Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes, water, sewer
  • Tax Lot 214
  • Assessor Parcel Number 35-011-214

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Insurance Expense $1,500
  • Maintenance Expense $2,400
  • Other Expense $1,400
  • Operating Expense $7,875
  • Gross Income $34,800
  • Net Operating Income $26,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,550

Year Built

Built in 1920 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: 2 Refrigerators, combo washer Dryer.
  • New Construction: No
  • Other Expense: 1400.00
  • Year Built: 1920
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Remarks Public: 2 unit Twin in Quakertown. Great for owner occupant or Investor owner. Downstairs 2BR and Upstairs 3 BR. Both units have a combo Kitchen/Living Room, and are fully remodeled with separate utilities. Both have new ductless mini split heating and A/C units with backup electric baseboard in bathrooms. New Kitchens, bathrooms lighting, flooring throughout. Downstairs unit is setup for a washer in the basement, upstairs unit has a combo Bath/Laundry in the unit. There are 6-7 off street parking spots in the rear off of the alley. Home sits on one lot, and there is 2nd lot directly behind on the other side of the alley that transfers with the sale. Ready to move in your tenants or move in one and rent out the other. Very walkable to the Central Boro amenities. Shopping, restaurants, the Univest Center, Park, and all of the Boro festivals. Great addition to any portfolio.
  • Special Features: NewHome

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
  • Interior Amenities: Combination Kitchen/Living
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1542
  • Living Area Sq Ft: 1542
  • Price Per Sq Ft: 214.01
  • Above Grade Finished Sq Ft: 1542
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 605

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Crushed Stone
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Alley, Off Street
  • Off Street Parking Spaces: 7

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: QUAKERTOWN COMMUNITY
  • School District Key: 300200397165
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 11000.00
  • Land Assessed Value: 1800.00
  • Land Use Code: 1023
  • Lot Size Acres: 0.17
  • Lot Dimensions: 25.00 x 302.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7550.00
  • Year Assessed: 2023
  • Zoning: R3

Rental Info

  • Owner Pays: Insurance, Repairs, Taxes - Real Estate, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 34800.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 165387
  • School Tax: 2204.00
  • Tax Annual Amount: 2550.00
  • Assessor Parcel Number: 35-011-214
  • Tax Lot: 214
  • Tax Total Finished Sq Ft: 1542
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/05/2023

Multi Family

  • Number Of Units Vacant: 2
  • Gross Scheduled Income: 34800.00
  • Operating Expense: 7875.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: QUAKERTOWN COMMUNITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
May 5, 2023
Sold by
Dunbar Properties Llc
Bought by
Sheehan Jack Austin and Kessler Amanda
Seller's Agent
Peter Cerruti
RE/MAX 440 - Quakertown
Buyer's Agent
Brandon Ribeiro
Keller Williams Liberty Place
List Price
$330,000
Sold Price
$330,000
Views
30
Current Estimated Value
$318,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,873
Avg. Annual Appreciation
-1.64%
Original Mortgage
$247,500
Outstanding Balance
$240,882
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$76,231

Purchase Details

Listed on
Aug 1, 2022
Closed on
Sep 13, 2022
Sold by
Cascade Funding Mortgage Trust
Bought by
Dunbar Properties Llc
Seller's Agent
Dale Kessler
Realty 365
Buyer's Agent
Peter Cerruti
RE/MAX 440 - Quakertown
List Price
$145,000
Sold Price
$145,000
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
285.02%
Original Mortgage
$228,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2022
Sold by
Sheriff Of The County Of Bucks
Bought by
Cascade Funding Mortgage Trust

Purchase Details

Closed on
Apr 3, 1963
Bought by
Shannon Alfred G and Rose Mary
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 Type Sale Price Title Company
Special Warranty Deed $330,000 Pride Abstract & Settlement Se
Special Warranty Deed $145,000 Solidifi
Sheriffs Deed $1,542 Logs Legal Group Llp
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2024 05/11/24 Rented $1,690 +2.4% --
05/02/2024 05/02/24 For Rent $1,650 0.0% --
05/05/2023 05/05/23 Sold $330,000 0.0% $214 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $330,000 +127.6% $214 / Sq Ft
09/23/2022 09/23/22 Sold $145,000 0.0% $94 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $145,000 -- $94 / 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 $3,327 $16,530 $1,800 $14,730
2024 $3,327 $16,530 $1,800 $14,730
2023 $2,551 $12,800 $1,800 $11,000
2022 $2,508 $12,800 $1,800 $11,000
2021 $2,508 $12,800 $1,800 $11,000
2020 $2,508 $12,800 $1,800 $11,000
2019 $2,438 $12,800 $1,800 $11,000
2018 $2,353 $12,800 $1,800 $11,000
2017 $2,280 $12,800 $1,800 $11,000
2016 -- $12,800 $1,800 $11,000
2015 -- $12,800 $1,800 $11,000
2014 -- $12,800 $1,800 $11,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2045902

Bright MLS

APN: 35-011-214