NOT LISTED FOR SALE

725 Timber Ln Langhorne, PA 19047

Estimated Value: $509,000 - $564,000

-- Bed
2 Baths
2,007 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $500,000 $249 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,239/month

4 Days on Market

Highlights

  • Open Floorplan
  • Galley Kitchen
  • Ceramic Tile Flooring
  • Main Floor Bedroom
  • Bathtub with Shower
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

This terrific duplex is an excellent investment opportunity and ideal for an owner/occupant situation where you can live in one unit and rent the other out, to offset expenses. Each unit features two spacious bedrooms, a full bathroom, and a combined kitchen, living room, and dining room. The large primary bedroom in each unit has a large closet and a vanity area. Each unit has it's own washer/dryer closet and a utility room. The first floor unit's interior was updated and the second floor unit's interior was renovated in 2016. Ample parking and close to all major commuter roads, shopping and dining. Public water and sewer are a major plus. Make your scheduling appointment today! The adjacent, connected property at 721-723 Timber is for sale. You could purchase both properties and have four investment properties. Look up 721 Timber Ln, MLS # PABU2061250.
The following times are the ONLY times available for showings: Monday & Wednesday &Thursday 4-7pm, Tuesday & Friday 10am-2pm, Saturday & Sunday 12-3pm. 24 Hours notice is required for all showings.

Last Agent to Sell the Property

Thomas Smeland

(215) 262-2497 tom@realestateteampa.com EXP Realty, LLC License #AB066226 Listed on: 11/29/2023

EXP Realty, LLC

Co-Listed By

Brian Collins

(215) 840-8053 bscollinssr@gmail.com EXP Realty, LLC License #RS222340L

Last Buyer's Agent

Akmal Kholb

(267) 401-9240 ayk5129@gmail.com Skyline Realtors, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,687

Year Built

  • Built in 1985

Lot Details

  • Infill Lot
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2,007 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Dining Area

Kitchen

  • Galley Kitchen
  • Built-In Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • Parking Lot

Schools

  • Neshaminy High School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 017-006
  • Assessor Parcel Number 22-016-017-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,687

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: Kitchen Refrigerator, Washer & Dryer in both units, in *AS IS CONDITION*
  • New Construction: No
  • Expected On Market: 2023-11-29
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: This terrific duplex is an excellent investment opportunity and ideal for an owner/occupant situation where you can live in one unit and rent the other out, to offset expenses. Each unit features two spacious bedrooms, a full bathroom, and a combined kitchen, living room, and dining room. The large primary bedroom in each unit has a large closet and a vanity area. Each unit has it's own washer/dryer closet and a utility room. The first floor unit's interior was updated and the second floor unit's interior was renovated in 2016. Ample parking and close to all major commuter roads, shopping and dining. Public water and sewer are a major plus. Make your scheduling appointment today! The adjacent, connected property at 721-723 Timber is for sale. You could purchase both properties and have four investment properties. Look up 721 Timber Ln, MLS # PABU2061250. The following times are the ONLY times available for showings: Monday & Wednesday &Thursday 4-7pm, Tuesday & Friday 10am-2pm, Saturday & Sunday 12-3pm. 24 Hours notice is required for all showings.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dishwasher
  • Flooring Type: Carpet, Ceramic Tile, Laminate Plank
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Tub Shower
  • Fireplace: No
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 2007
  • Living Area Sq Ft: 2007
  • Price Per Sq Ft: 236.67
  • Above Grade Finished Sq Ft: 2007
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 725

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 138
  • Water Previous Twelve Months: 1650.00
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: NESHAMINY
  • High School: NESHAMINY
  • School District Key: 300200397330
  • School District Source: Listing Agent
  • High School: NESHAMINY

Lot Info

  • Land Use Code: 1006
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: MR

Rental Info

  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3746.00
  • Tax Annual Amount: 4687.00
  • Assessor Parcel Number: 22-016-017-006
  • Tax Lot: 017-006
  • Tax Total Finished Sq Ft: 2007
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/16/2024

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: NESHAMINY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Jan 3, 2024
Sold by
Mccarthy Ryan and Cooper Cory
Bought by
Rakhimov Mukhammadjon and Rakhimova Feruza
Seller's Agent
Thomas Smeland
EXP Realty, LLC
Buyer's Agent
Akmal Kholb
Skyline Realtors, LLC
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Views
102
Current Estimated Value
$536,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,064
Avg. Annual Appreciation
4.16%
Original Mortgage
$400,000
Outstanding Balance
$392,538
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$143,526

Purchase Details

Listed on
May 16, 2016
Closed on
Jun 10, 2016
Sold by
Durle Tami
Bought by
Mccarthy Ryan and Cooper Cory
Seller's Agent
Vincent Magyar
BHHS Fox & Roach -Yardley/Newtown
Buyer's Agent
Brian Collins
EXP Realty, LLC
List Price
$274,900
Sold Price
$258,000
Premium/Discount to List
-$16,900
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%
Original Mortgage
$193,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2003
Sold by
Lovett Henry A
Bought by
Durle Tami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,900
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1993
Bought by
Lovett Henry A Jr
Source: Public Records

Range of Values:

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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
Rakhimov Mukhammadjon $500,000 Sentex Settlement Services
Mccarthy Ryan $260,000 None Available
Durle Tami $199,900 --
Lovett Henry A Jr $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rakhimov Mukhammadjon $400,000
Previous Owner Mccarthy Ryan $193,500
Previous Owner Durle Tami $179,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $500,000 +5.3% $249 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $475,000 +84.1% $237 / Sq Ft
06/30/2016 06/30/16 Sold $258,000 -6.1% $129 / Sq Ft
05/29/2016 05/29/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $274,900 -- $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 $4,763 $21,880 $3,520 $18,360
2024 $4,763 $21,880 $3,520 $18,360
2023 $4,688 $21,880 $3,520 $18,360
2022 $4,565 $21,880 $3,520 $18,360
2021 $4,565 $21,880 $3,520 $18,360
2020 $4,510 $21,880 $3,520 $18,360
2019 $4,409 $21,880 $3,520 $18,360
2018 $4,328 $21,880 $3,520 $18,360
2017 $4,218 $21,880 $3,520 $18,360
2016 $4,218 $21,880 $3,520 $18,360
2015 $4,614 $21,880 $3,520 $18,360
2014 $4,614 $21,880 $3,520 $18,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2061254

Bright MLS

APN: 22-016-017-006