Seller's Agent in 2022
John Knisely
Keller Williams Real Estate - Media
(484) 441-3075
2 in this area
127 Total Sales
660 Loraine St Ardmore, PA 19003
Estimated Value: $872,000 - $1,071,000
--
Bed
4
Baths
3,093
Sq Ft
$307/Sq Ft
Est. Value
Highlights
- Victorian Architecture
- 3 Car Detached Garage
- Landscaped
- Chestnutwold Elementary School Rated A
- Porch
- Hot Water Heating System
About This Home
As of October 2022Here is your chance to own a true gem of an investment property in Ardmore! 660 Loraine is the ultimate investment property featuring four residential apartment units and a detached oversized 3 car garage! Where else can you get residential financing and pick up 4 new streams of income out of one property purchase? Investors AND Owner Occupants, you will want to consider this property as the first or next addition to your portfolio. Believe it or not, the property is eligible for FHA 3.5% down payment owner occupant financing (buyers should confirm their eligibility with their lender)! The property features the following units: 1st floor front unit - 1 bedroom 1 bath . 1st floor rear - Studio/Efficiency 1bath unit. 2nd floor - 3 bedroom 1 bath unit. 3rd floor - 1 bedroom 1 bath unit (can be used as a 2br if living room is utilized as a bedroom). The units are well maintained include features such as newer luxury vinyl plank flooring, bathroom updates, fresh paint and other upgrades. All of the units have access to nice outdoor living spaces as well such as the 2nd floor deck off of unit 2, the partial wraparound front porch and the rear yard. The driveway features plenty of parking and each unit has a spot available, and Loraine street has plenty of on-street parking for guests and overflow. In the basement you have the common laundry area, individual gas water heaters for each unit and owners storage space. There is ample space in the basement to add tenant storage cages for additional income. The roof was replaced in full in 2020 and two water heaters were replaced in 2022. Get your mailbox money from day one! Gross scheduled rents on the building are $6365 per month currently with ample upside. Income and expenses are available in the MLS documents section. Be sure to tour the property virtual using the Matterport virtual tour link in the MLS Virtual Tours section. Schedule your appointment today!
Last Agent to Sell the Property
(484) 441-3075 john@mediahomepro.com Keller Williams Real Estate - Media License #RS-0025871 Listed on: 06/22/2022
Last Buyer's Agent
spstout@gmail.com Keller Williams Real Estate - Media License #RS340114
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,856
Year Built
- Built in 1925
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 75.00 x 150.00
- Landscaped
- Back Yard
- Property is in excellent condition
Parking
- 3 Car Detached Garage
- 6 Off-Street Spaces
- Front Facing Garage
- On-Street Parking
Home Design
- Quadruplex
- Victorian Architecture
- Stone Foundation
- Frame Construction
- Shingle Roof
- Architectural Shingle Roof
- Aluminum Siding
- Masonry
Interior Spaces
- 3,093 Sq Ft Home
- Unfinished Basement
- Interior and Exterior Basement Entry
Schools
- Haverford High School
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Porch
- Suburban Location
Listing and Financial Details
- Tax Lot 550-000
- Assessor Parcel Number 22-06-01423-00
Community Details
Overview
- 4 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,072
- Gross Income $76,380
- Net Operating Income $61,274
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2022
Closed on
Oct 7, 2022
Sold by
Kowalczyk Rafal
Bought by
Zervalis Gregory
Seller's Agent
John Knisely
Keller Williams Real Estate - Media
Buyer's Agent
Stephen Stout
Keller Williams Real Estate - Media
List Price
$925,000
Sold Price
$830,000
Premium/Discount to List
-$95,000
-10.27%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,591
Avg. Annual Appreciation
4.77%
Original Mortgage
$622,500
Interest Rate
5.75%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 3, 2019
Closed on
Oct 10, 2019
Sold by
Burke Clara A and Estate Of Clara C D Achille
Bought by
Kowalczyk Rafal
Seller's Agent
Brady Carroll
Bennett Williams Realty, Inc.
Buyer's Agent
John Knisely
Keller Williams Real Estate - Media
List Price
$495,000
Sold Price
$472,000
Premium/Discount to List
-$23,000
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.40%
Original Mortgage
$463,450
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 30, 1976
Bought by
Dachille Guerriero and Dachille Clara
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zervalis Gregory | $830,000 | Ts Executive Abstract | |
| Zervalis Gregory | $830,000 | Ts Executive Abstract | |
| Kowalczyk Rafal | $472,000 | Ts Executive Abstract Llc | |
| Dachille Guerriero | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zervalis Gregory | $910,000 | |
| Closed | Zervalis Gregory | $622,500 | |
| Previous Owner | Kowalczyk Rafal | $458,282 | |
| Previous Owner | Kowalczyk Rafal | $463,450 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2022 10/24/22 | Sold | $830,000 | -7.8% | $268 / Sq Ft |
| 09/10/2022 09/10/22 | Pending | -- | -- | -- |
| 09/09/2022 09/09/22 | Price Changed | $900,000 | -2.7% | $291 / Sq Ft |
| 06/22/2022 06/22/22 | For Sale | $925,000 | +96.0% | $299 / Sq Ft |
| 10/11/2019 10/11/19 | Sold | $472,000 | -4.6% | $153 / Sq Ft |
| 09/11/2019 09/11/19 | Pending | -- | -- | -- |
| 09/03/2019 09/03/19 | For Sale | $495,000 | -- | $160 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $11,441 | $444,970 | $121,340 | $323,630 |
| 2024 | $11,441 | $444,970 | $121,340 | $323,630 |
| 2023 | $11,116 | $444,970 | $121,340 | $323,630 |
| 2022 | $10,856 | $444,970 | $121,340 | $323,630 |
| 2021 | $17,686 | $444,970 | $121,340 | $323,630 |
| 2020 | $9,985 | $214,820 | $61,440 | $153,380 |
| 2019 | $9,800 | $214,820 | $61,440 | $153,380 |
| 2018 | $9,632 | $214,820 | $0 | $0 |
| 2017 | $9,428 | $214,820 | $0 | $0 |
| 2016 | $1,179 | $214,820 | $0 | $0 |
| 2015 | $1,203 | $214,820 | $0 | $0 |
| 2014 | $1,179 | $214,820 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Knisely
-
Stephen Stout
Buyer's Agent in 2022
Stephen Stout
Keller Williams Real Estate - Media
(858) 449-1569
3 in this area
117 Total Sales
-
Brady Carroll
Seller's Agent in 2019
Brady Carroll
Bennett Williams Realty, Inc.
(484) 886-1816
8 Total Sales
Map
Source: Bright MLS
MLS Number: PADE2028404
APN: 22-06-01423-00
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