Seller's Agent in 2024
Melissa Healy
Keller Williams Real Estate-Doylestown
(215) 340-5700
7 in this area
282 Total Sales
79 Gough Ave Ivyland, PA 18974
--
Bed
--
Bath
5,228
Sq Ft
0.34
Acres
Highlights
- Wood Flooring
- Corner Lot
- Ceiling height of 9 feet or more
- Victorian Architecture
- Crown Molding
- 2-minute walk to Ivyland Commons
About This Home
As of September 2024(UPDATES: as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled | As of April 10, 2024 Seller has obtained all final Land Development approvals) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments.
The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of the history back to this gem. New landscaping all around and parking potential in the back of the building. This cash flowing property of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to month. This unique property has custom trim accents & detail that brings back that old world charm & craftsmanship. With inventory of multifamily properties at an all-time low, this provides the savvy investor with the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). The owner has taken the time & effort to obtain zoning approvals for 4 more additional apartments which would provide the new owner 8 total cash producing apartments. This cash flowing property has the potential with all 8 apartments of $18,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. Great location & convenient to major traffic routes such as 263, 132 and 332 and minutes from the Warminster train station which runs into Center City Philadelphia. Listing Agent must accompany all showings, please see Agent notes in the Listing for details. ( NOTE: No ADA type B units required, no ADA accessibility in the form of a ramp or a chair lift required to the building - Seller is moving forward with recording the plans and posting the escrows for the Land Development. Seller will assign, Buyer will be responsible for the financial escrows and for final responsibility of the Developers Agreement)
Last Agent to Sell the Property
Keller Williams Real Estate-Doylestown Listed on: 05/25/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,131
Year Built
- Built in 1872
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are x 123.00
- Corner Lot
- Historic Home
Parking
- On-Street Parking
Home Design
- Victorian Architecture
- Flat Roof Shape
- Stone Foundation
- Stone Siding
Interior Spaces
- 5,228 Sq Ft Home
- Crown Molding
- Ceiling height of 9 feet or more
Flooring
- Wood
- Carpet
- Tile or Brick
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Mcdonald Elementary School
- Log College Middle School
- William Tennent High School
Utilities
- Radiator
- Heating System Uses Oil
- Hot Water Heating System
- 200+ Amp Service
- Electric Water Heater
Community Details
- 4 Units
- 4-Story Building
Listing and Financial Details
- Tax Lot 057
- Assessor Parcel Number 17-003-057
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2024 09/12/24 | Sold | $795,000 | -5.3% | $152 / Sq Ft |
| 06/03/2024 06/03/24 | Pending | -- | -- | -- |
| 04/10/2024 04/10/24 | Price Changed | $839,900 | -3.4% | $161 / Sq Ft |
| 03/25/2024 03/25/24 | Price Changed | $869,900 | -3.2% | $166 / Sq Ft |
| 01/02/2024 01/02/24 | Price Changed | $899,000 | -2.8% | $172 / Sq Ft |
| 11/08/2023 11/08/23 | Price Changed | $925,000 | -5.1% | $177 / Sq Ft |
| 05/25/2023 05/25/23 | For Sale | $975,000 | 0.0% | $186 / Sq Ft |
| 05/13/2021 05/13/21 | Rented | $1,300 | 0.0% | -- |
| 05/07/2021 05/07/21 | For Rent | $1,300 | +4.0% | -- |
| 10/23/2020 10/23/20 | Rented | $1,250 | 0.0% | -- |
| 10/05/2020 10/05/20 | Under Contract | -- | -- | -- |
| 09/25/2020 09/25/20 | For Rent | $1,250 | +31.6% | -- |
| 03/01/2017 03/01/17 | Rented | $950 | 0.0% | -- |
| 02/21/2017 02/21/17 | Under Contract | -- | -- | -- |
| 02/13/2017 02/13/17 | For Rent | $950 | -13.6% | -- |
| 02/01/2017 02/01/17 | Rented | $1,100 | 0.0% | -- |
| 01/17/2017 01/17/17 | Under Contract | -- | -- | -- |
| 12/11/2016 12/11/16 | For Rent | $1,100 | 0.0% | -- |
| 12/12/2015 12/12/15 | Rented | $1,100 | 0.0% | -- |
| 12/08/2015 12/08/15 | Under Contract | -- | -- | -- |
| 10/30/2015 10/30/15 | For Rent | $1,100 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Melissa Healy
-
Vincent Vesci
Seller Co-Listing Agent in 2024
Vincent Vesci
Keller Williams Real Estate-Doylestown
(215) 520-0150
6 in this area
203 Total Sales
-
Scott Loper
Buyer's Agent in 2024
Scott Loper
Keller Williams Real Estate-Montgomeryville
(267) 446-3084
1 in this area
150 Total Sales
-
Walter Studley
Seller's Agent in 2021
Walter Studley
Walter Studley Real Estate Sales Corp
(215) 768-2200
5 in this area
40 Total Sales
-
Barbara Sudell
Seller's Agent in 2020
Barbara Sudell
Walter Studley Real Estate Sales Corp
(215) 534-7522
1 in this area
3 Total Sales
-
R
Buyer's Agent in 2020
Robin O'Connor
Keller Williams Real Estate-Langhorne
Map
Source: Bright MLS
MLS Number: PABU2049806
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 109 Wilson Ave
- 39 Brewster Dr
- 115 Grandview Dr
- 78 Ashley Dr
- 102 E Bristol Rd
- 40 Parry Way
- 38 Parry Way
- 42 Parry Way
- 56 Parry Way
- 32 Parry Way
- 59 Parry Way
- The Addis Plan at The Reserve at Spring Mill
- The Beckett Plan at The Reserve at Spring Mill
- 892 Phillips Rd
- 9 Spring Mill Dr
- 11 Spring Mill Dr
- 21 Spring Mill Dr Unit 12
- 18 Lacey Ln
- 667 Arbor Ln
- 1229 Manor Dr