Seller's Agent in 2022
Edward Welch
Higgins & Welch Real Estate, Inc.
(610) 331-7655
3 in this area
149 Total Sales
801 Swede St Norristown, PA 19401
Estimated Value: $271,000 - $447,444
--
Bed
3
Baths
3,138
Sq Ft
$121/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Crown Molding
- Corner Lot
- Porch
- 1-minute walk to Cherry Street Park
About This Home
As of August 2022Great investment property with strong cash flow! Beautifully renovated 3-story twin triplex with a 2-stall garage in a terrific location within walking distance to transportation, schools and shopping. This is a great opportunity to be a part of the massive redevelopment in Norristown stemming from the Opportunity Zone on Main Street. All 3 units are leased with current monthly gross rent of $3,200. There have been no rent increases since original lease and if new owner rents garages potential gross gent more than $3,600/month. Entry is from Swede St into a common hallway. All units are spacious and bright with large windows. New modern kitchens with espresso cabinets, granite counter tops and stainless steel appliances. New full bathrooms with tile. Large, lovely covered porch provides access to a shaded back yard. Unit 1 has 2 bedrooms, 1 bath. Unit 2 has 2 bedrooms, 1 bath. Unit 3 has 1 bedroom, 1 bath. Tenants responsible for utilities. Garage has a new roof and new garage door. Inside bay is 9'-2" wide X 18'-9" deep. Garage door is 8'-8" wide x 6'-10" high. Great income opportunity! Photos taken when property was vacant. Member of owner's LLC is a licensed real estate broker in the Commonwealth of Pennsylvania and State of New Jersey; and a Certified Residential Real Estate Appraiser in the Commonwealth of Pennsylvania and the States of New Jersey and Maine.
Last Agent to Sell the Property
Higgins & Welch Real Estate, Inc. Listed on: 07/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,824
Year Built
- Built in 1900 | Remodeled in 2019
Lot Details
- 2,892 Sq Ft Lot
- Lot Dimensions are 22.00 x 0.00
- Corner Lot
- Level Lot
- Back Yard
- Historic Home
- Property is in very good condition
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 3,138 Sq Ft Home
- Crown Molding
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire Escape
- Electric Oven or Range
Flooring
- Wood
- Carpet
Outdoor Features
- Porch
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for snow removal, real estate taxes, common area maintenance
- Tax Lot 22
- Assessor Parcel Number 13-00-36408-002
Community Details
Overview
- 3 Units
- 3-Story Building
- Norristown Subdivision
Building Details
- Insurance Expense $2,200
- Maintenance Expense $775
- Gross Income $43,200
- Net Operating Income $30,601
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 2018
Sold by
Fannie Mae
Bought by
Welch Neighborhood Stabilization Llc
Current Estimated Value
Purchase Details
Closed on
Oct 2, 2017
Sold by
Montgomery County Sheriff
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Sep 10, 2004
Sold by
Not Provided
Bought by
Not Provided
Purchase Details
Closed on
Jun 14, 2004
Sold by
Tcif Reoi Llc and Kindsvogel Joyce
Bought by
Cao Ping and Wilmot Kevin
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Welch Neighborhood Stabilization Llc | $130,000 | None Available | |
| Federal National Mortgage Association | -- | -- | |
| Not Provided | $1,555 | -- | |
| Cao Ping | $101,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Surmount Investment Llc | $281,250 | |
| Closed | Welch Neighborhood Stabilization Llc | $206,000 | |
| Previous Owner | Cao Ping | $154,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2022 08/15/22 | Sold | $375,000 | 0.0% | $120 / Sq Ft |
| 07/24/2022 07/24/22 | Pending | -- | -- | -- |
| 07/24/2022 07/24/22 | Off Market | $375,000 | -- | -- |
| 07/15/2022 07/15/22 | For Sale | $375,000 | -- | $120 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,976 | $81,060 | $21,710 | $59,350 |
| 2024 | $4,976 | $81,060 | $21,710 | $59,350 |
| 2023 | $4,931 | $81,060 | $21,710 | $59,350 |
| 2022 | $4,824 | $81,060 | $21,710 | $59,350 |
| 2021 | $4,801 | $81,060 | $21,710 | $59,350 |
| 2020 | $4,580 | $81,060 | $21,710 | $59,350 |
| 2019 | $4,496 | $81,060 | $21,710 | $59,350 |
| 2018 | $2,993 | $81,060 | $21,710 | $59,350 |
| 2017 | $4,129 | $81,060 | $21,710 | $59,350 |
| 2016 | $4,097 | $81,060 | $21,710 | $59,350 |
| 2015 | $3,925 | $81,060 | $21,710 | $59,350 |
| 2014 | $3,925 | $81,060 | $21,710 | $59,350 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Welch
-
Amelita Elizan
A
Seller Co-Listing Agent in 2022
Amelita Elizan
Higgins & Welch Real Estate, Inc.
(215) 528-0838
2 in this area
6 Total Sales
-
Robert DeRosato
Buyer's Agent in 2022
Robert DeRosato
EXP Realty, LLC
(610) 509-3554
3 in this area
14 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2019942
APN: 13-00-36408-002
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