NOT LISTED FOR SALE

704 Chain St Norristown, PA 19401

Estimated Value: $228,560 - $304,000

-- Bed
3 Baths
2,738 Sq Ft
$96/Sq Ft Est. Value

Last Sold January 18, 2023

Last sale price $190,000 $69 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,606/month

21 Days on Market

About This Home

As of January 2023

Rare opportunity to own a Turn Key Duplex, already generating good income. Buyer responsible for U&O requirements. Monthly Income generated: First floor 1 Bedroom $850.00, Second and 3rd levels 4 Bedroom Apartment $1,250.00. Tenants pay all utilities. Huge Upside Potential.

Last Agent to Sell the Property

Red Chahid

(610) 517-8000 redchahid@gmail.com Yellow Keys Realty, LLC License #RM425449 Listed on: 11/25/2022

Last Buyer's Agent

Red Chahid

(610) 517-8000 redchahid@gmail.com Yellow Keys Realty, LLC License #RM425449 Listed on: 11/25/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,678

Year Built

  • Built in 1870

Lot Details

  • 3,600 Sq Ft Lot
  • Lot Dimensions are 36.00 x 0.00

Parking

  • Off-Street Parking

Home Design

  • 2,738 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 13-00-07028-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,678

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-11-25
  • Year Built: 1870
  • Automatically Close On Close Date: Yes
  • Remarks Public: Rare opportunity to own a Turn Key Duplex, already generating good income. Buyer responsible for U&O requirements. Monthly Income generated: First floor 1 Bedroom $850.00, Second and 3rd levels 4 Bedroom Apartment $1,250.00. Tenants pay all utilities. Huge Upside Potential.
  • Special Features: None

Interior Features

  • Foundation Details: Stone
  • Total Sq Ft: 2738
  • Living Area Sq Ft: 2738
  • Price Per Sq Ft: 71.22
  • Above Grade Finished Sq Ft: 2738
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 704

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 0.08
  • Lot Dimensions: 36.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3600.00
  • Year Assessed: 2022
  • Zoning: DUPLEX

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 614728
  • School Tax: 1781.00
  • Tax Annual Amount: 2678.00
  • Assessor Parcel Number: 13-00-07028-006
  • Tax Lot: 31
  • Tax Total Finished Sq Ft: 2738
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/18/2023

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2022
Closed on
Jan 6, 2023
Sold by
Sereny Diane J
Bought by
Westbank Investment Company Llc
Seller's Agent
Red Chahid
Yellow Keys Realty, LLC
Buyer's Agent
Red Chahid
Yellow Keys Realty, LLC
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Views
16
Current Estimated Value
$262,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,390
Avg. Annual Appreciation
12.31%

Purchase Details

Closed on
Jul 28, 2005
Sold by
Sereny David
Bought by
Sereny Diane J

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
5.54%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 12, 1999
Sold by
Sejda Eugene J C and Sejda Eugene J C
Bought by
Sereny David
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
Westbank Investment Company Llc $190,000 --
Sereny Diane J -- --
Sereny David $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sereny Diane J $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2023 01/18/23 Sold $190,000 -2.6% $69 / Sq Ft
12/17/2022 12/17/22 Pending -- -- --
11/25/2022 11/25/22 For Sale $195,000 -- $71 / 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 $2,762 $45,000 $17,390 $27,610
2024 $2,762 $45,000 $17,390 $27,610
2023 $2,738 $45,000 $17,390 $27,610
2022 $2,678 $45,000 $17,390 $27,610
2021 $2,665 $45,000 $17,390 $27,610
2020 $2,543 $45,000 $17,390 $27,610
2019 $2,496 $45,000 $17,390 $27,610
2018 $1,661 $45,000 $17,390 $27,610
2017 $2,292 $45,000 $17,390 $27,610
2016 $2,276 $45,000 $17,390 $27,610
2015 $2,180 $45,000 $17,390 $27,610
2014 $2,180 $45,000 $17,390 $27,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2058414

Bright MLS

APN: 13-00-07028-006