NOT LISTED FOR SALE

614 W Broad St Quakertown, PA 18951

Estimated Value: $267,000 - $355,280

-- Bed
2 Baths
2,543 Sq Ft
$118/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $208,000 $82 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,985/month

41 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Heat Pump System
  • Wood Flooring
  • Ceiling Fan
  • 5-minute walk to Quakertown Memorial Park

About This Home

As of July 2021

Calling all investors! Perfect for first time investors, live in one unit and rent the other! Well maintained and fully occupied 2 unit twin home for sale. Great location, off street parking, garage rented out. First floor is 1 Bedrooms and second floor has 2 bedrooms plus large finished 3rd floor. New heaters as of 2020. Good money maker, come check it out today

Last Agent to Sell the Property

Jennifer Bishop

Real Estate Excel-The Baringer Group LTD Listed on: 05/03/2021

Last Buyer's Agent

Jacob Lapp

EXP Realty, LLC License #RS349285

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,448

Year Built

  • Built in 1920

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 24.00 x 200.00
  • Property is in average condition

Home Design

  • Duplex
  • Colonial Architecture
  • Plaster Walls
  • Architectural Shingle Roof
  • Masonry

Interior Spaces

  • 2,543 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Fire Escape
  • Built-In Range

Flooring

  • Wood
  • Carpet
  • Laminate

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Quakertown Elementary School
  • Strayer Middle School
  • Quakertown High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 161-001
  • Assessor Parcel Number 35-005-161-001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,140
  • Maintenance Expense $2,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,448

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: All personal property of tenants
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-05-03
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Calling all investors! Perfect for first time investors, live in one unit and rent the other! Well maintained and fully occupied 2 unit twin home for sale. Great location, off street parking, garage rented out. First floor is 1 Bedrooms and second floor has 2 bedrooms plus large finished 3rd floor. New heaters as of 2020. Good money maker, come check it out today
  • Special Features: None

Interior Features

  • Appliances: Built-In Range
  • Flooring Type: Carpet, Hardwood, Laminated
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2543
  • Living Area Sq Ft: 2543
  • Price Per Sq Ft: 86.51
  • Above Grade Finished Sq Ft: 2543
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 614

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Masonry
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Roof: Architectural Shingle
  • View: Street
  • 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, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 291.50
  • Sewer/Septic System: Public Sewer
  • Utilities: Phone Connected, Electric Available, Cable Tv Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: QUAKERTOWN COMMUNITY
  • Elementary School: QUAKERTOWN
  • Middle School: STRAYER
  • High School: QUAKERTOWN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397165
  • School District Source: Listing Agent
  • Elementary School: QUAKERTOWN
  • High School: QUAKERTOWN
  • Middle Or Junior School: STRAYER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 14880.00
  • Land Assessed Value: 2720.00
  • Land Use Code: 1023
  • Lot Size Acres: 0.11
  • Lot Dimensions: 24.00 x 200.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: R3

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 19500.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 163835
  • School Tax: 2971.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3448.00
  • Assessor Parcel Number: 35-005-161-001
  • Tax Lot: 161-001
  • Tax Total Finished Sq Ft: 2543
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/09/2021

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: QUAKERTOWN COMMUNITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 24, 2021
Sold by
Tice Barry M and Tice Cheryl C
Bought by
Lapp Jacob
Seller's Agent
Jennifer Bishop
Real Estate Excel-The Baringer Group LTD
Buyer's Agent
Jacob Lapp
EXP Realty, LLC
List Price
$259,000
Sold Price
$208,000
Premium/Discount to List
-$51,000
-19.69%
Total Days on Market
41
Current Estimated Value
$301,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,070
Avg. Annual Appreciation
8.99%
Original Mortgage
$176,800
Outstanding Balance
$162,147
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$129,305

Purchase Details

Closed on
Aug 27, 1998
Sold by
Schroy Nancy J and Rupert Donald F
Bought by
Tice Barry M and Tice Cheryl C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.57%

Purchase Details

Closed on
Apr 28, 1971
Bought by
Rupert Harold F
Source: Public Records

Range of Values:

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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
Lapp Jacob $208,000 Evans Abstract Llc
Tice Barry M $80,000 --
Rupert Harold F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lapp Jacob $176,800
Previous Owner Tice Barry M $100,000
Previous Owner Tice Barry M $100,000
Previous Owner Tice Barry M $55,000
Previous Owner Tice Barry M $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $208,000 -5.5% $82 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/07/2021 06/07/21 Price Changed $220,000 -6.4% $87 / Sq Ft
05/17/2021 05/17/21 Price Changed $235,000 -9.3% $92 / Sq Ft
05/03/2021 05/03/21 For Sale $259,000 -- $102 / 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 $3,543 $17,600 $2,720 $14,880
2023 $3,507 $17,600 $2,720 $14,880
2022 $3,448 $17,600 $2,720 $14,880
2021 $3,448 $17,600 $2,720 $14,880
2020 $3,448 $17,600 $2,720 $14,880
2019 $3,352 $17,600 $2,720 $14,880
2018 $3,236 $17,600 $2,720 $14,880
2017 $3,135 $17,600 $2,720 $14,880
2016 $3,135 $17,600 $2,720 $14,880
2015 -- $17,600 $2,720 $14,880
2014 -- $17,600 $2,720 $14,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU525880

Bright MLS

APN: 35-005-161-001