NOT LISTED FOR SALE

Estimated Value: $220,000 - $242,000

-- Bed
2 Baths
1,480 Sq Ft
$157/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $170,000 $115 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,586/month

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 3-minute walk to Spruce Street Park & Basketball Courts
  • No HOA

About This Home

As of October 2021

Investor Alert! Duplex with Rentable Detached Garage in Pottstown School District. Both Units are long time tenant occupied. The 1 St Floor rent is $875 a month and 2nd Floor is $900 a Month, Garage is Vacant But Can Be Rented for $100+ per month. BothTenants Pay Heat and Their Own Utilities.

Last Agent to Sell the Property

Gary Pace

Herb Real Estate, Inc. License #RS318625 Listed on: 08/25/2021

Last Buyer's Agent

William Shipp

Action USA Lambert Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,006

Year Built

  • Built in 1912

Lot Details

  • 2,665 Sq Ft Lot
  • Lot Dimensions are 19.00 x 0.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 1,480 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Laundry

  • Dryer
  • Washer

Schools

  • Pottstown Senior High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, snow removal, personal property taxes, real estate taxes, trash collection, water
  • Tax Lot 026
  • Assessor Parcel Number 16-00-04188-008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $8,171
  • Gross Income $22,700
  • Net Operating Income $12,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,006

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants possessions
  • Historic: No
  • Home Warranty: No
  • Inclusions: Refrigerator, Stoves ( all as-is)
  • New Construction: No
  • Expected On Market: 2021-09-02
  • Year Built: 1912
  • Building Winterized: No
  • Remarks Public: Investor Alert! Duplex with Rentable Detached Garage in Pottstown School District. Both Units are long time tenant occupied. The 1 St Floor rent is $875 a month and 2nd Floor is $900 a Month, Garage is Vacant But Can Be Rented for $100+ per month. BothTenants Pay Heat and Their Own Utilities.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Stove, Washer
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1480
  • Living Area Sq Ft: 1480
  • Price Per Sq Ft: 118.24
  • Above Grade Finished Sq Ft: 1480
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 777

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: POTTSTOWN
  • High School: POTTSTOWN SENIOR
  • High School Source: Listing Agent
  • School District Key: 300200397038
  • School District Source: Listing Agent
  • High School: POTTSTOWN SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.06
  • Lot Dimensions: 19.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2665.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: RMHD

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Sewer, Snow Removal, Taxes - Personal Property, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 21300.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 626605
  • School Tax: 2851.00
  • Tax Annual Amount: 4006.00
  • Assessor Parcel Number: 16-00-04188-008
  • Tax Lot: 026
  • Tax Page Number: 587
  • Tax Total Finished Sq Ft: 1480
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/06/2021

Multi Family

  • Gross Income: 21300.00
  • Gross Scheduled Income: 22700.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 8171.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Sep 22, 2021
Sold by
Valcin Kerwin and Valcin Kalpesha P
Bought by
Karalis Konstantina
Seller's Agent
Gary Pace
Herb Real Estate, Inc.
Buyer's Agent
William Shipp
Action USA Lambert Realtors
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Current Estimated Value
$233,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,070
Avg. Annual Appreciation
9.58%
Original Mortgage
$127,500
Outstanding Balance
$117,644
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$126,126

Purchase Details

Listed on
Oct 21, 2016
Closed on
Apr 10, 2017
Sold by
Frangiosa Lawrence M and Grimaldi Roger E
Bought by
Valcin Kerwin and Valcin Kalpesha P
Seller's Agent
Gary Pace
Herb Real Estate, Inc.
Buyer's Agent
Tom Dixon
BHHS Fox & Roach-Haverford
List Price
$119,000
Sold Price
$105,000
Premium/Discount to List
-$14,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$78,750
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2009
Sold by
Grimaldi David A
Bought by
Grimaldi Roger E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.06%

Purchase Details

Closed on
Aug 19, 2005
Sold by
Mace Donald C and Mace Kimberly A
Bought by
Frangiosa Lawrence M and Grimaldi Roger E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,550
Interest Rate
5.81%
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
Karalis Konstantina $170,000 None Available
Valcin Kerwin $105,000 None Available
Grimaldi Roger E -- None Available
Frangiosa Lawrence M $129,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karalis Konstantina $127,500
Previous Owner Valcin Kerwin $78,750
Previous Owner Grimaldi Roger E $125,000
Previous Owner Frangiosa Lawrence M $116,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $170,000 -2.9% $115 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $175,000 0.0% $118 / Sq Ft
08/25/2021 08/25/21 Price Changed $175,000 +66.7% $118 / Sq Ft
04/27/2017 04/27/17 Sold $105,000 -11.8% $71 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
10/21/2016 10/21/16 For Sale $119,000 -- $80 / 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 $4,130 $67,300 -- --
2024 $4,130 $67,300 -- --
2023 $4,073 $67,300 $0 $0
2022 $4,053 $67,300 $0 $0
2021 $4,006 $67,300 $0 $0
2020 $3,936 $67,300 $0 $0
2019 $3,846 $67,300 $0 $0
2018 $2,734 $67,300 $0 $0
2017 $3,597 $67,300 $0 $0
2016 $3,571 $70,860 $37,330 $33,530
2015 $3,735 $70,860 $37,330 $33,530
2014 $3,735 $70,860 $37,330 $33,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2007880

Bright MLS

APN: 16-00-04188-008