NOT LISTED FOR SALE

614 Swede St Norristown, PA 19401

Estimated Value: $265,440

-- Bed
3 Baths
3,223 Sq Ft
$82/Sq Ft Est. Value

Last Sold November 22, 2016

Last sale price $209,000 $65 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,845/month

Highlights

  • No HOA
  • Heating System Uses Gas
  • 3-minute walk to Cherry Street Park
  • En-Suite Primary Bedroom

About This Home

As of November 2016

PRICE REDUCED $35,000! Fully rented five (5) unit apartment building located on Swede Street near county seat. Great rental income along with low expenses makes this a great investment opportunity. Motivated sellers open to reasonable offers. Tenants pay for heat and electric. Roof completely stripped down and replaced with all new roof sheathing. Sellers said sell!

Last Agent to Sell the Property

John Bahn

Realty One Group Restore - Collegeville License #AB066094 Listed on: 11/27/2015

Realty One Group Restore - Collegeville

Last Buyer's Agent

Joseph O'Neill

Real of Pennsylvania

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,263

Year Built

  • Built in 1900

Lot Details

  • 3,300 Sq Ft Lot
  • Property is in good condition

Parking

  • 1 Open Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,223 Sq Ft Home
  • Unfinished Basement
  • Partial Basement

Utilities

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

Listing and Financial Details

  • Tax Lot 054
  • Assessor Parcel Number 13-00-36080-006

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $1,920
  • Insurance Expense $4,268
  • Other Expense $1,248
  • Operating Expense $13,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,263

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1248.00
  • Year Built: 1900
  • Remarks Public: PRICE REDUCED $35,000! Fully rented five (5) unit apartment building located on Swede Street near county seat. Great rental income along with low expenses makes this a great investment opportunity. Motivated sellers open to reasonable offers. Tenants pay for heat and electric. Roof completely stripped down and replaced with all new roof sheathing. Sellers said sell!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 3223
  • Living Area Sq Ft: 3223
  • Price Per Sq Ft: 58.95
  • Above Grade Finished Sq Ft: 3223
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 614

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 1920.00
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2160.00
  • 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: 1145
  • Lot Size Acres: 0.08
  • Lot Dimensions: 22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3300.00
  • Property Condition: Good
  • Zoning: TR

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 38640.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 622154
  • Tax Annual Amount: 4263.00
  • Assessor Parcel Number: 13-00-36080-006
  • Tax Lot: 054
  • Tax Year: 2016
  • Close Date: 11/22/2016

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2020
Sold by
Lxr Rs Iv Llc
Bought by
Lxr Lpp 3 Llc
Current Estimated Value
$265,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,564,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 27, 2015
Closed on
Oct 29, 2016
Sold by
Vila Henry M and Vila Sophie C
Bought by
Lxr Rs Iv Llc
Seller's Agent
John Bahn
Realty One Group Restore - Collegeville
Buyer's Agent
Joseph O'Neill
Real of Pennsylvania
List Price
$237,500
Sold Price
$209,000
Premium/Discount to List
-$28,500
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%

Purchase Details

Closed on
Jun 30, 2005
Sold by
Valerio Carolyn A and Valerio Daniel C
Bought by
Vila Henry M and Vila Sophie C

Purchase Details

Closed on
Apr 8, 1999
Sold by
Destefano David R
Bought by
Valerio Carolyn A and Valerio Daniel C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lxr Lpp 3 Llc $179,644 None Available
Lxr Rs Iv Llc $209,000 Certified Abstract Company
Vila Henry M $240,000 T A Title Insurance Co
Valerio Carolyn A $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lxr Lpp 3 Llc $13,834,100
Closed Lxr Lpp 3 Llc $8,564,500
Previous Owner Lxr Rs Iv Llc $629,250
Previous Owner Not Provided $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2016 11/22/16 Sold $209,000 -12.0% $65 / Sq Ft
10/01/2016 10/01/16 Pending -- -- --
11/27/2015 11/27/15 For Sale $237,500 0.0% $74 / Sq Ft
02/28/2013 02/28/13 Rented $650 0.0% --
02/28/2013 02/28/13 Under Contract -- -- --
01/15/2013 01/15/13 For Rent $650 -- --
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 $5,177 $84,340 $31,140 $53,200
2024 $5,177 $84,340 $31,140 $53,200
2023 $5,130 $84,340 $31,140 $53,200
2022 $5,020 $84,340 $31,140 $53,200
2021 $4,995 $84,340 $31,140 $53,200
2020 $4,765 $84,340 $31,140 $53,200
2019 $4,678 $84,340 $31,140 $53,200
2018 $3,114 $84,340 $31,140 $53,200
2017 $4,296 $84,340 $31,140 $53,200
2016 $4,263 $84,340 $31,140 $53,200
2015 $4,161 $84,340 $31,140 $53,200
2014 $4,084 $84,340 $31,140 $53,200
Source: Public Records

Agents Affiliated with this Home

  • John Bahn

    Seller's Agent in 2016

    John Bahn

    Realty One Group Restore - Collegeville

    (610) 513-0662

    5 in this area

    38 Total Sales

    John Bahn
    Section Image
  • Joseph O'Neill

    Buyer's Agent in 2016

    Joseph O'Neill

    Real of Pennsylvania

    (610) 724-4992

    35 Total Sales

    Joseph O'Neill
    Section Image

  • O

    Seller's Agent in 2013

    Orpha Powell

    RE/MAX

    (484) 318-9580

    1 in this area

    6 Total Sales

    Orpha Powell
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002743664

Bright MLS

APN: 13-00-36080-006

Pennsylvania Montgomery County Norristown 19401

614 Swede St, Norristown, PA

This home is located at 614 Swede St, Norristown, PA 19401 since 27 November 2015 and is currently estimated at $265,440, approximately $82 per square foot. This property was built in 1900. 614 Swede St is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, Whitehall Elementary School, and East Norriton Middle School.

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