NOT LISTED FOR SALE

639 Corson St Norristown, PA 19401

Estimated Value: $189,184 - $250,000

-- Bed
2 Baths
2,136 Sq Ft
$105/Sq Ft Est. Value

Last Sold November 19, 2019

Last sale price $145,000 $68 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,508/month

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Heating Available

About This Home

As of November 2019

Great Duplex Investment With Garage. 2 units and the garage all rented in total for $1875. Good condition. Great investment with a Cap Rate of over 10%. Sold as-is.

Last Agent to Sell the Property

Kirk Waechter

(866) 327-7673 salesteam@prosperityreis.com Prosperity Real Estate & Investment Services License #RM423448 Listed on: 09/03/2019

Last Buyer's Agent

Bill Halton

(215) 858-6319 billhalton@kw.com Keller Williams Real Estate-Blue Bell

Keller Williams Real Estate-Blue Bell

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1850

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20.00 x 0.00

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,136 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 074
  • Assessor Parcel Number 13-00-09100-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1850

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1850
  • Remarks Public: Great Duplex Investment With Garage. 2 units and the garage all rented in total for $1875. Good condition. Great investment with a Cap Rate of over 10%. Sold as-is.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2136
  • Living Area Sq Ft: 2136
  • Price Per Sq Ft: 65.54
  • Above Grade Finished Sq Ft: 2136
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 639

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2000.00
  • Year Assessed: 2020
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 615238
  • School Tax: 2493.00
  • Tax Annual Amount: 3693.00
  • Assessor Parcel Number: 13-00-09100-004
  • Tax Lot: 074
  • Tax Total Finished Sq Ft: 2136
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 11/19/2019

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Nov 18, 2019
Sold by
Edelman Hanoch
Bought by
Wood Nathaniel
Seller's Agent
Kirk Waechter
Prosperity Real Estate & Investment Services
Buyer's Agent
Bill Halton
Keller Williams Real Estate-Blue Bell
List Price
$140,000
Sold Price
$145,000
Premium/Discount to List
$5,000
3.57%
Current Estimated Value
$224,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,046
Avg. Annual Appreciation
7.60%
Original Mortgage
$130,500
Outstanding Balance
$114,806
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$109,240

Purchase Details

Closed on
May 24, 2004
Sold by
Stevenson John
Bought by
Edelman Hanoch

Purchase Details

Closed on
Jul 1, 1997
Sold by
Stevenson Robert and Stevenson John
Bought by
Stevenson John
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 Buyer Sale Price Title Company
Wood Nathaniel $145,000 None Available
Edelman Hanoch $98,000 --
Stevenson John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Nathaniel $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2019 11/19/19 Sold $145,000 +3.6% $68 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $140,000 -3.4% $66 / Sq Ft
09/30/2019 09/30/19 Off Market $145,000 -- --
09/25/2019 09/25/19 Price Changed $140,000 -3.4% $66 / Sq Ft
09/03/2019 09/03/19 For Sale $145,000 -- $68 / 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 $3,990 $65,020 $16,910 $48,110
2024 $3,990 $65,020 $16,910 $48,110
2023 $3,954 $65,020 $16,910 $48,110
2022 $3,870 $65,020 $16,910 $48,110
2021 $3,851 $65,020 $16,910 $48,110
2020 $3,674 $65,020 $16,910 $48,110
2019 $3,607 $65,020 $16,910 $48,110
2018 $2,400 $65,020 $16,910 $48,110
2017 $3,312 $65,020 $16,910 $48,110
2016 $3,287 $65,020 $16,910 $48,110
2015 $3,149 $65,020 $16,910 $48,110
2014 $3,149 $65,020 $16,910 $48,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC623586

Bright MLS

APN: 13-00-09100-004