NOT LISTED FOR SALE

724 Preston Ave Bryn Mawr, PA 19010

Rosemont Neighborhood

Estimated Value: $502,045 - $633,000

-- Bed
3 Baths
1,811 Sq Ft
$307/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $410,000 $226 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,745/month

101 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Breakfast Area or Nook
  • Coopertown Elementary School Rated A
  • No HOA
  • Porch

About This Home

As of September 2021

Excellent multi-unit investment opportunity awaits you at 724 Preston Ave in Bryn Mawr! This spacious duplex includes a bi-level 1st floor, 1 bedroom, 1 bathroom unit with exclusive basement access and a 2nd floor, bi-level 2 bedroom, 1 bathroom unit. The 1st floor unit features a spacious eat-in kitchen with doors to a large, private deck overlooking the expansive backyard, a living/dining room area, and a bedroom with separate dressing area and full bath. This unit also features exclusive access to the basement where the washer/dryer is located and tons of additional storage space. Upstairs, the 2nd floor unit features an oversized living area with vaulted ceiling and French doors to a private back deck, spacious eat-in kitchen, bedroom, washer/dryer, and full bath. Continue to the second level of the unit to find the second bedroom with tons of windows, a large closet and bonus room. Both units have their own private laundry areas. The driveway provides tons of off-street parking for tenant convenience. Newer dishwashers, washer/dryer, water heaters and updates to mechanicals. Large fenced in backyard and shed with two large storage areas provided to tenants for an additional monthly fee. Solid rental history with long-term tenants and very easy to rent! Tenant pays all utilities except a low monthly water fee and public lighting. Very low-maintenance property with very low expenses. Perfect also for an owner occupant and anyone looking to relocate to a great school district! Ideal location on a quiet block, close to parks, public transportation, shops, restaurants, and walkable to Bryn Mawr Hospital/The Main Line Health System. Don't miss this one!

Last Agent to Sell the Property

Damon Michels

KW Main Line - Narberth License #AB067731 Listed on: 05/04/2021

KW Main Line - Narberth

Last Buyer's Agent

Cheryl Miller

Compass RE License #RS227253L

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,373

Year Built

  • Built in 1960

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 50.00 x 178.00
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in very good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,811 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Carpet
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • 8 Driveway Spaces

Outdoor Features

  • Deck
  • Porch

Schools

  • Coopertown Elementary School
  • Haverford Middle School
  • Haverford Senior High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 334-000
  • Assessor Parcel Number 22-05-00884-00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,373

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Washers, Dryers, Refrigerators
  • New Construction: No
  • Expected On Market: 2021-05-05
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Remarks Public: Excellent multi-unit investment opportunity awaits you at 724 Preston Ave in Bryn Mawr! This spacious duplex includes a bi-level 1st floor, 1 bedroom, 1 bathroom unit with exclusive basement access and a 2nd floor, bi-level 2 bedroom, 1 bathroom unit. The 1st floor unit features a spacious eat-in kitchen with doors to a large, private deck overlooking the expansive backyard, a living/dining room area, and a bedroom with separate dressing area and full bath. This unit also features exclusive access to the basement where the washer/dryer is located and tons of additional storage space. Upstairs, the 2nd floor unit features an oversized living area with vaulted ceiling and French doors to a private back deck, spacious eat-in kitchen, bedroom, washer/dryer, and full bath. Continue to the second level of the unit to find the second bedroom with tons of windows, a large closet and bonus room. Both units have their own private laundry areas. The driveway provides tons of off-street parking for tenant convenience. Newer dishwashers, washer/dryer, water heaters and updates to mechanicals. Large fenced in backyard and shed with two large storage areas provided to tenants for an additional monthly fee. Solid rental history with long-term tenants and very easy to rent! Tenant pays all utilities except a low monthly water fee and public lighting. Very low-maintenance property with very low expenses. Perfect also for an owner occupant and anyone looking to relocate to a great school district! Ideal location on a quiet block, close to parks, public transportation, shops, restaurants, and walkable to Bryn Mawr Hospital/The Main Line Health System. Don't miss this one!
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Flooring Type: Carpet
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Kitchen - Eat-In
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1811
  • Living Area Sq Ft: 1811
  • Price Per Sq Ft: 247.93
  • Above Grade Finished Sq Ft: 1811
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 724

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Exterior Features: Street Lights, Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: HAVERFORD TOWNSHIP
  • Elementary School: COOPERTOWN
  • Middle School: HAVERFORD
  • High School: HAVERFORD SENIOR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200397354
  • School District Source: 3rd Party
  • Elementary School: COOPERTOWN
  • High School: HAVERFORD SENIOR
  • Middle Or Junior School: HAVERFORD

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 200890.00
  • Land Assessed Value: 101290.00
  • Land Use Code: R-10
  • Lot Features: Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.15
  • Lot Dimensions: 50.00 x 178.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6621.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 482093
  • School Tax: 5192.00
  • Tax Annual Amount: 7373.00
  • Assessor Parcel Number: 22-05-00884-00
  • Tax Lot: 334-000
  • Tax Total Finished Sq Ft: 1811
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/23/2021

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: HAVERFORD TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Sep 20, 2021
Sold by
Rabiel Abigail and Daniel F Rabiel Trust
Bought by
Teufel Pamela and Teufel Christopher
Seller's Agent
Damon Michels
KW Main Line - Narberth
Buyer's Agent
Cheryl Miller
Compass RE
List Price
$499,900
Sold Price
$410,000
Premium/Discount to List
-$89,900
-17.98%
Current Estimated Value
$565,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,705
Avg. Annual Appreciation
8.58%
Original Mortgage
$307,500
Outstanding Balance
$283,436
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$280,915

Purchase Details

Listed on
May 3, 2017
Closed on
Jun 15, 2017
Sold by
Slutsky Mitchell C and Heuerman Lisa K
Bought by
Daniel F Rabiei Trust
Seller's Agent
Frank Jaconelli
RE/MAX Action Associates
Buyer's Agent
Mr. Leonard Tehrani
Empower Real Estate, LLC
List Price
$349,900
Sold Price
$305,000
Premium/Discount to List
-$44,900
-12.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Jul 19, 2002
Sold by
Woods Albert T and Woods Doris A
Bought by
Slutsky Mitchell C and Heuerman Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2001
Sold by
Woods Albert T
Bought by
Woods Albert T and Woods Doris A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 1997
Sold by
Farley Mark J and Farley Gary J
Bought by
Woods Albert T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 1997
Sold by
Farley Mark J and Farley Gary J
Bought by
Farley Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
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
Teufel Pamela $410,000 Accu Abstract Inc
Daniel F Rabiei Trust $305,000 None Available
Slutsky Mitchell C $180,000 --
Woods Albert T -- --
Woods Albert T $160,000 Commonwealth Land Title Ins
Farley Mark J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teufel Pamela $307,500
Previous Owner Heuerman Lisa K $61,000
Previous Owner Slutsky Mitchell C $203,000
Previous Owner Heuerman Lisa K $65,000
Previous Owner Slutsky Mitchell C $192,000
Previous Owner Slutsky Mitchell C $48,000
Previous Owner Slutsky Mitchell C $144,000
Previous Owner Woods Albert T $133,000
Previous Owner Woods Albert T $111,000
Closed Slutsky Mitchell C $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $410,000 -8.7% $226 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $449,000 -5.5% $248 / Sq Ft
06/11/2021 06/11/21 Price Changed $474,900 -5.0% $262 / Sq Ft
05/07/2021 05/07/21 For Sale $499,900 +21.9% $276 / Sq Ft
05/04/2021 05/04/21 Off Market $410,000 -- --
06/15/2017 06/15/17 Sold $305,000 -12.8% $168 / Sq Ft
05/11/2017 05/11/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $349,900 -- $193 / 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
2024 $7,770 $302,180 $101,290 $200,890
2023 $7,549 $302,180 $101,290 $200,890
2022 $7,373 $302,180 $101,290 $200,890
2021 $12,011 $302,180 $101,290 $200,890
2020 $7,012 $150,860 $51,290 $99,570
2019 $6,882 $150,860 $51,290 $99,570
2018 $6,764 $150,860 $0 $0
2017 $6,621 $150,860 $0 $0
2016 $828 $150,860 $0 $0
2015 $828 $150,860 $0 $0
2014 $828 $150,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Damon Michels

    Seller's Agent in 2021

    Damon Michels

    KW Main Line - Narberth

    (610) 668-3400

    7 in this area

    653 Total Sales

    Section Image
  • Cheryl Miller

    Buyer's Agent in 2021

    Cheryl Miller

    Compass RE

    (215) 776-0217

    1 in this area

    44 Total Sales

    Section Image
  • Frank Jaconelli

    Seller's Agent in 2017

    Frank Jaconelli

    RE/MAX

    (610) 608-1873

    Section Image
  • Mr. Leonard Tehrani

    Buyer's Agent in 2017

    Mr. Leonard Tehrani

    Empower Real Estate, LLC

    (267) 443-8362

    30 Total Sales

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Map

Source: Bright MLS

MLS Number: PADE542980

Bright MLS

APN: 22-05-00884-00

Pennsylvania Delaware County Bryn Mawr 19010 Rosemont

724 Preston Ave, Bryn Mawr, PA

This home is located at 724 Preston Ave, Bryn Mawr, PA 19010 since 04 May 2021 and is currently estimated at $556,011, approximately $307 per square foot. This property was built in 1960. 724 Preston Ave is a home located in Delaware County with nearby schools including Coopertown Elementary School, Haverford Middle School, and Haverford Senior High School.

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