NOT LISTED FOR SALE

623 Chain St Norristown, PA 19401

Estimated Value: $152,000 - $202,000

5 Beds
1 Bath
1,320 Sq Ft
$131/Sq Ft Est. Value

Last Sold January 21, 2016

Last sale price $55,000 $42 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $1,139/month

Highlights

  • Straight Thru Architecture
  • Eat-In Kitchen
  • En-Suite Primary Bedroom
  • No HOA
  • Living Room
  • Dining Room

About This Home

As of January 2016

Well-maintained rental property. Five bedrooms, 3 story, end of row. Currently gets $900/mo in rent. Turnkey.

Last Agent to Sell the Property

John Gambino

(484) 994-1030 gambinoproperties@comcast.net RE/MAX Services Listed on: 03/06/2015

RE/MAX Services

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1871

Lot Details

  • 1,466 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,320 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Norristown Area High School

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 059
  • Assessor Parcel Number 13-00-07344-005

Townhouse Details

Home Type

Townhome

Year Built

Built in 1871

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1871
  • Remarks Public: Well-maintained rental property. Five bedrooms, 3 story, end of row. Currently gets $900/mo in rent. Turnkey.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 1320
  • Living Area Sq Ft: 1320
  • Net Sq Ft: 1320.00
  • Price Per Sq Ft: 46.97
  • Above Grade Finished Sq Ft: 1320
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 623

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 1
  • Full Bathrooms: 1

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
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: NORRISTOWN AREA
  • High School: NORRISTOWN AREA
  • School District Key: 300200397035
  • High School: NORRISTOWN AREA

Lot Info

  • Land Use Code: 1101
  • Lot Size Acres: 0.03
  • Lot Dimensions: 13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1466.00
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 614807
  • Tax Annual Amount: 2735.00
  • Assessor Parcel Number: 13-00-07344-005
  • Tax Lot: 059
  • Tax Year: 2015
  • Close Date: 01/21/2016

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2015
Closed on
Jan 13, 2016
Sold by
623 Chain Street Llc
Bought by
Elite Residences Llc
Seller's Agent
John Gambino
RE/MAX Services
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$62,000
Sold Price
$55,000
Premium/Discount to List
-$7,000
-11.29%
Current Estimated Value
$172,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,669
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Jun 26, 2013
Sold by
Larson Scott and Larson Maria
Bought by
623 Chain Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
3.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 28, 2005
Sold by
Larson Scott
Bought by
Larson Scott and Larson Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 6, 2004
Sold by
Minges Ronald A and Minges Kathleen M
Bought by
Larson Scott

Purchase Details

Closed on
Apr 16, 1999
Sold by
Mcintosh Daniel A
Bought by
Minges Ronald A and Minges Kathleen M

Purchase Details

Closed on
Oct 8, 1998
Sold by
Friend Richard J and Friend Kathy
Bought by
Bankers Trust Company
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
Elite Residences Llc $55,000 None Available
623 Chain Street Llc $89,806 None Available
Larson Scott -- --
Larson Scott $67,000 --
Minges Ronald A $55,000 --
Mcintosh Daniel A $29,000 --
Bankers Trust Company $1,488 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 623 Chain Street Llc $965,000
Previous Owner Larson Scott $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2016 01/21/16 Sold $55,000 -11.3% $42 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $62,000 -- $47 / 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 $2,812 $45,800 -- --
2024 $2,812 $45,800 -- --
2023 $2,787 $45,800 $0 $0
2022 $2,726 $45,800 $0 $0
2021 $2,713 $45,800 $0 $0
2020 $2,588 $45,800 $0 $0
2019 $2,540 $45,800 $0 $0
2018 $2,059 $55,780 $15,910 $39,870
2017 $2,841 $55,780 $15,910 $39,870
2016 $2,819 $55,780 $15,910 $39,870
2015 $2,752 $55,780 $15,910 $39,870
2014 $2,701 $55,780 $15,910 $39,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002547270

Bright MLS

APN: 13-00-07344-005