NOT LISTED FOR SALE

709 W Elm St Norristown, PA 19401

Estimated Value: $130,000 - $153,000

-- Bed
2 Baths
1,230 Sq Ft
$115/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $50,500 $41 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $914/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Forced Air Heating System

About This Home

As of August 2016

Take advantage of this short sale opportunity on this money-making West End duplex. Can be bought individually or together with MLS #6496856 and MLS #6496858. Property needs some updating, but both units are rented. Both tenants were recently approved for one-year leases at 845/mo each. Gas heat, hot water, and cooking, paid by owner. Tenants pay for electric. Come see it, run your numbers, and make an offer. A dedicated short sale processing firm is engaged to help get your offer accepted!

Last Agent to Sell the Property

Mr. Tom Beerley

(267) 372-1117 tom@teambeerley.com Keller Williams Realty Group License #RS320776 Listed on: 12/04/2014

Keller Williams Realty Group

Last Buyer's Agent

Samantha Vasaturo

(610) 220-4425 sgoldenberg@cbpref.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 1,500 Sq Ft Lot
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,230 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 065
  • Assessor Parcel Number 13-00-11004-008

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $775
  • Operating Expense $6,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: Refrigerators
  • New Construction: No
  • Storage: Basement
  • Year Built: 1915
  • Remarks Public: Take advantage of this short sale opportunity on this money-making West End duplex. Can be bought individually or together with MLS #6496856 and MLS #6496858. Property needs some updating, but both units are rented. Both tenants were recently approved for one-year leases at 845/mo each. Gas heat, hot water, and cooking, paid by owner. Tenants pay for electric. Come see it, run your numbers, and make an offer. A dedicated short sale processing firm is engaged to help get your offer accepted!
  • Special Features: 12

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup, Has Laundry
  • Total Sq Ft: 1230
  • Living Area Sq Ft: 1230
  • Price Per Sq Ft: 40.65
  • Above Grade Finished Sq Ft: 1230
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 709

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

  • Annual Heating Expense: 1800.00
  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1572.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1500.00
  • Property Condition: Below Average
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 17940.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 615730
  • Tax Annual Amount: 2623.00
  • Assessor Parcel Number: 13-00-11004-008
  • Tax Lot: 065
  • Tax Year: 2016
  • Close Date: 08/12/2016

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2014
Closed on
Aug 12, 2016
Sold by
709 West Elm Street Llc and Cullen Michael J
Bought by
Mark Five Associates Llc
Seller's Agent
Mr. Tom Beerley
Keller Williams Realty Group
Buyer's Agent
Samantha Vasaturo
Coldwell Banker Realty
List Price
$79,000
Sold Price
$50,500
Premium/Discount to List
-$28,500
-36.08%
Current Estimated Value
$141,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,000
Avg. Annual Appreciation
11.91%

Purchase Details

Closed on
Dec 9, 2004
Sold by
Not Provided
Bought by
709 West Elm St Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Rullo Gervase H
Bought by
Baker Richard L and Baker Bobbi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
5.99%
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
Mark Five Associates Llc $50,500 Attorney
709 West Elm St Llc -- --
Baker Richard L $119,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Richard L $95,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $50,500 -36.1% $41 / Sq Ft
05/22/2016 05/22/16 Pending -- -- --
12/04/2014 12/04/14 For Sale $79,000 -- $64 / 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 $1,996 $32,500 -- --
2024 $1,996 $32,500 -- --
2023 $1,978 $32,500 $0 $0
2022 $1,934 $32,500 $0 $0
2021 $1,925 $32,500 $0 $0
2020 $1,836 $32,500 $0 $0
2019 $1,803 $32,500 $0 $0
2018 $1,200 $32,500 $0 $0
2017 $2,643 $51,890 $16,250 $35,640
2016 $2,622 $51,890 $16,250 $35,640
2015 $2,560 $51,890 $16,250 $35,640
2014 $2,513 $51,890 $16,250 $35,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003176918

Bright MLS

APN: 13-00-11004-008