NOT LISTED FOR SALE

719 Swede St Norristown, PA 19401

Estimated Value: $254,000 - $547,000

-- Bed
3 Baths
2,918 Sq Ft
$113/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $250,000 $86 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,087/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Baseboard Heater
  • 1-minute walk to Cherry Street Park

About This Home

As of July 2024

This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. Live in one and lease the other two. There have been some updates to the interior units in the past, although more is needed. This property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income. The side yard may be able to offer additional potential as well.
The three current leases are well below what the new Buyer can charge ranging from $1,350-$2,150/month for the two, two bedroom units and $900-$1,695/month for a one bedroom. Off street parking for up to 4 cars from the rear alley offers convenience as well.
The property is being sold in "AS IS CONDITION". The Buyer is responsible for Certificate of Occupancy, Rental license, etc. and to confirm all zoning criteria as this is listed in the Historic District, 2 blocks down from the Courthouse, nearby Lawyers row and the Transportation center at Swede and Main Streets.

Last Agent to Sell the Property

Michael Serratore

RE/MAX Affiliates License #AB069493 Listed on: 05/31/2024

RE/MAX Affiliates

Last Buyer's Agent

Donna Moles

Charles L. Moles Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,457

Year Built

  • Built in 1881

Lot Details

  • 4,640 Sq Ft Lot
  • Lot Dimensions are 40.00 x 0.00

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • 2,918 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for sewer
  • Tax Lot 4
  • Assessor Parcel Number 13-00-36392-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,457

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1881
  • Remarks Public: This property boasts tremendous potential and the perfect canvas for the savvy investor or homeowner. Live in one and lease the other two. There have been some updates to the interior units in the past, although more is needed. This property offers endless opportunities and is poised for transformation. There are tenants in place and with the right investor there is potential of increase in rental income. The side yard may be able to offer additional potential as well. The three current leases are well below what the new Buyer can charge ranging from $1,350-$2,150/month for the two, two bedroom units and $900-$1,695/month for a one bedroom. Off street parking for up to 4 cars from the rear alley offers convenience as well. The property is being sold in "AS IS CONDITION". The Buyer is responsible for Certificate of Occupancy, Rental license, etc. and to confirm all zoning criteria as this is listed in the Historic District, 2 blocks down from the Courthouse, nearby Lawyers row and the Transportation center at Swede and Main Streets.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block, Brick/Mortar
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2918
  • Living Area Sq Ft: 2918
  • Price Per Sq Ft: 137.05
  • Above Grade Finished Sq Ft: 2918
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 719

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
  • Parking Features: Crushed Stone
  • Type Of Parking: Alley, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.11
  • Lot Dimensions: 40.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4640.00
  • Year Assessed: 2024
  • Zoning: 1134 RES: TRIPLEX
  • Zoning Description: 1134 Res: Triplex

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Sewer
  • Rent Control: No
  • Total Actual Rent: 24060.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 2199.00
  • Tax Annual Amount: 3457.00
  • Assessor Parcel Number: 13-00-36392-009
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 2918
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 07/30/2024

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 30, 2024
Sold by
Colquitt Joan
Bought by
Doble S & V Properties Llc
Seller's Agent
Michael Serratore
RE/MAX Affiliates
Buyer's Agent
Donna Moles
Charles L. Moles Real Estate, LLC
List Price
$399,900
Sold Price
$250,000
Premium/Discount to List
-$149,900
-37.48%
Views
1016
Current Estimated Value
$331,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,035
Avg. Annual Appreciation
29.69%

Purchase Details

Closed on
Feb 28, 1992
Bought by
Colquitt Joan
Source: Public Records

Range of Values:

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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
Doble S & V Properties Llc $250,000 None Listed On Document
Colquitt Joan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doble S & V Properties Llc $390,600
Previous Owner Colquitt Joan $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $250,000 -37.5% $86 / Sq Ft
05/31/2024 05/31/24 For Sale $399,900 -- $137 / 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 $3,444 $56,100 $27,900 $28,200
2024 $3,444 $56,100 $27,900 $28,200
2023 $3,413 $56,100 $27,900 $28,200
2022 $3,339 $56,100 $27,900 $28,200
2021 $3,323 $56,100 $27,900 $28,200
2020 $3,170 $56,100 $27,900 $28,200
2019 $3,112 $56,100 $27,900 $28,200
2018 $2,071 $56,100 $27,900 $28,200
2017 $2,858 $56,100 $27,900 $28,200
2016 $2,835 $56,100 $27,900 $28,200
2015 $2,716 $56,100 $27,900 $28,200
2014 $2,716 $56,100 $27,900 $28,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Serratore

    Seller's Agent in 2024

    Michael Serratore

    RE/MAX

    (610) 608-1648

    11 in this area

    34 Total Sales

    Michael Serratore
    Section Image
  • Donna Moles

    Buyer's Agent in 2024

    Donna Moles

    Charles L. Moles Real Estate, LLC

    (610) 504-7223

    24 in this area

    34 Total Sales

    Donna Moles
    Section Image
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Map

Source: Bright MLS

MLS Number: PAMC2106078

Bright MLS

APN: 13-00-36392-009

Pennsylvania Montgomery County Norristown 19401

719 Swede St, Norristown, PA

This home is located at 719 Swede St, Norristown, PA 19401 since 31 May 2024 and is currently estimated at $331,035, approximately $113 per square foot. This property was built in 1881. 719 Swede St is a home located in Montgomery County with nearby schools including Davenport Elementary School, Charles Blockson Middle School, and East Norriton Middle School.

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