NOT LISTED FOR SALE

736 S Franklin St West Chester, PA 19382

Estimated Value: $699,000 - $757,000

-- Bed
3 Baths
2,560 Sq Ft
$283/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $665,000 $260 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,373/month

7 Days on Market

Highlights

  • 0.24 Acre Lot
  • Westtown-Thornbury Elementary School Rated A
  • Traditional Architecture

About This Home

As of May 2024

***STUDENT RENTAL PERMIT *** Rare Opportunity to purchase a 2 unit Detached Property with Student Rental PermitOutstanding Rental History and Opportunity for Value -Add. Property is on Franklin Street in West Chester Borough. Close Proximity to West Chester University and short walk to borough amenities. Unit 1 4 Bedroom 1.5 Bath Lease Ends May 31stUnit 21 Bed/1 Bathroom Lease Month to Month. Off Street Parking for 8 cars , Potential for additional rental income through parking space rental. Please Review Pro Forma for Rental Income and Expenses. Only Showings available will be via Open House3/21 - 3:00 PM to 6:00 PM3/22 - 2:00 PM to 5:00 PMPlease Contact Co listing agent for any additional questions.

Last Agent to Sell the Property

Mark Trani

Zommick McMahon Commercial Real Estate Listed on: 03/20/2024

Co-Listed By

Chase Gunther

Zommick McMahon Commercial Real Estate License #RS322878

Last Buyer's Agent

Tom Kerrigan

EXP Realty, LLC License #AB061697

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1971

Lot Details

  • 10,600 Sq Ft Lot

Home Design

  • 2,560 Sq Ft Home
  • Traditional Architecture
  • Slab Foundation
  • Stucco

Parking

  • 8 Parking Spaces
  • 8 Off-Street Spaces
  • Paved Parking

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 0146
  • Assessor Parcel Number 01-10 -0146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-03-20
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: ***STUDENT RENTAL PERMIT *** Rare Opportunity to purchase a 2 unit Detached Property with Student Rental Permit Outstanding Rental History and Opportunity for Value -Add. Property is on Franklin Street in West Chester Borough. Close Proximity to West Chester University and short walk to borough amenities. Unit 1 4 Bedroom 1.5 Bath Lease Ends May 31st Unit 2 1 Bed/1 Bathroom Lease Month to Month. Off Street Parking for 8 cars , Potential for additional rental income through parking space rental. Please Review Pro Forma for Rental Income and Expenses. Only Showings available will be via Open House 3/21 - 3:00 PM to 6:00 PM 3/22 - 2:00 PM to 5:00 PM Please Contact Co listing agent for any additional questions.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Total Sq Ft: 2560
  • Living Area Sq Ft: 2560
  • Price Per Sq Ft: 271.48
  • Above Grade Finished Sq Ft: 2560
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 736

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • 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, Paved Parking
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WEST CHESTER AREA
  • School District Key: 300200397342
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R10
  • Lot Size Acres: 0.24
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10600.00
  • Year Assessed: 2023
  • Zoning: NC-2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 3377.00
  • Tax Annual Amount: 5220.00
  • Assessor Parcel Number: 01-10 -0146
  • Tax Lot: 0146
  • Tax Total Finished Sq Ft: 2560
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 05/22/2024

MLS Schools

  • School District Name: WEST CHESTER AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 21, 2024
Sold by
Delargey Ryan and Scarino George
Bought by
736 Management Llc
Seller's Agent
Mark Trani
Zommick McMahon Commercial Real Estate
Buyer's Agent
Tom Kerrigan
EXP Realty, LLC
List Price
$695,000
Sold Price
$665,000
Premium/Discount to List
-$30,000
-4.32%
Views
50
Current Estimated Value
$723,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,211
Avg. Annual Appreciation
6.78%
Original Mortgage
$379,650
Outstanding Balance
$374,879
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$348,332

Purchase Details

Closed on
Nov 19, 2010
Sold by
Hicks William I
Bought by
Delargey Ryan and Scarino George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
4.37%
Mortgage Type
New Conventional
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
736 Management Llc $665,000 None Listed On Document
Delargey Ryan $330,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 736 Management Llc $379,650
Previous Owner Scarino George $215,500
Previous Owner Delargey Ryan $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $665,000 -4.3% $260 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $695,000 -- $271 / 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 $5,279 $150,500 $57,150 $93,350
2024 $5,279 $150,500 $57,150 $93,350
2023 $5,220 $150,500 $57,150 $93,350
2022 $5,164 $150,500 $57,150 $93,350
2021 $5,059 $150,500 $57,150 $93,350
2020 $4,965 $150,500 $57,150 $93,350
2019 $4,906 $150,500 $57,150 $93,350
2018 $4,818 $150,500 $57,150 $93,350
2017 $4,730 $150,500 $57,150 $93,350
2016 $3,012 $150,500 $57,150 $93,350
2015 $3,012 $150,500 $57,150 $93,350
2014 $3,012 $150,500 $57,150 $93,350
Source: Public Records

Agents Affiliated with this Home

  • Mark Trani

    Seller's Agent in 2024

    Mark Trani

    Zommick McMahon Commercial Real Estate

    (302) 383-5156

    2 in this area

    6 Total Sales

    Mark Trani
    Section Image
  • Chase Gunther

    Seller Co-Listing Agent in 2024

    Chase Gunther

    Zommick McMahon Commercial Real Estate

    (610) 505-2242

    2 in this area

    4 Total Sales

    Chase Gunther
    Section Image
  • Tom Kerrigan

    Buyer's Agent in 2024

    Tom Kerrigan

    EXP Realty, LLC

    (610) 322-9514

    17 in this area

    37 Total Sales

    Tom Kerrigan
    Section Image
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Map

Source: Bright MLS

MLS Number: PACT2062066

Bright MLS

APN: 01-010-0146.0000

Pennsylvania Chester County West Chester 19382

736 S Franklin St, West Chester, PA

This home is located at 736 S Franklin St, West Chester, PA 19382 since 20 March 2024 and is currently estimated at $723,211, approximately $282 per square foot. This property was built in 1971. 736 S Franklin St is a home located in Chester County with nearby schools including Westtown-Thornbury Elementary School, Stetson Middle School, and Bayard Rustin High School.

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