N
Seller's Agent in 2023
Nina Gupta
EXP Realty, LLC
(484) 832-6019
13 in this area
60 Total Sales
900 N Park Ave Norristown, PA 19403
Estimated Value: $704,858
--
Bed
4
Baths
--
Sq Ft
0.46
Acres
Highlights
- 0.46 Acre Lot
- Skyview Upper Elementary School Rated A-
- Hot Water Heating System
About This Home
As of June 2023Located in the highly desirable Methacton school district and just off Germantown Pike, you will not want to miss seeing this unique 4 UNIT MULTIFAMILY with GARAGE ACCESS to approximately 3,000 SF of INDUSTRIAL/WAREHOUSE space. One of the multifamily units and the warehouse space is currently owner occupied. You can either live in one unit and use the commercial warehouse for your own personal/business needs OR lease out the entire building. The 4 multifamily units are comprised of one 3bed/2 bath unit, one 2 bed/1bath unit, and two 1 bed/1bath units. All units are extremely spacious and have their own private decks. There is a parking lot with 5 parking spaces and also street parking in front of the building. Assuming market rent for the owner occupied multifamily unit and industrial/ warehouse, the property is operating with an income of $96,000/year, expenses of $19,641/year, resulting in a 9% cap rate. Lots of potential here! Rents are currently under market and there is potential to increase rents and achieve a minimum 10% cap rate. Easy access to route 422, 202, and Germantown Pike. Property is being sold in AS-IS condition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,398
Year Built
- Built in 1847
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 200.00 x 0.00
Home Design
- Quadruplex
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- On-Street Parking
- Parking Lot
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
- On Site Septic
Listing and Financial Details
- Tax Lot 58
- Assessor Parcel Number 67-00-00814-001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2022
Closed on
Jun 14, 2023
Sold by
Barron Melody M
Bought by
900 Park Partners Llc
Seller's Agent
Nina Gupta
EXP Realty, LLC
Buyer's Agent
Nina Gupta
EXP Realty, LLC
List Price
$1,050,000
Sold Price
$635,000
Premium/Discount to List
-$415,000
-39.52%
Views
180
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,858
Avg. Annual Appreciation
4.81%
Original Mortgage
$585,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 14, 2021
Sold by
Township Of Lower Providence
Bought by
Lower Providence Township
Purchase Details
Closed on
May 14, 2012
Sold by
Barron Melody and Barron Arthur L
Bought by
Barron Melody M
Purchase Details
Closed on
Feb 12, 1996
Sold by
Barron Arthur L
Bought by
Barron Arthur L and Barron Melody
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 |
|---|---|---|---|
| 900 Park Partners Llc | $635,000 | None Listed On Document | |
| Lower Providence Township | -- | None Available | |
| Lower Providence Township | -- | None Available | |
| Barron Melody M | -- | None Available | |
| Barron Arthur L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 900 Park Partners Llc | $1,140,000 | |
| Closed | 900 Park Partners Llc | $585,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2023 06/14/23 | Sold | $635,000 | -26.2% | -- |
| 04/05/2023 04/05/23 | Price Changed | $860,000 | -1.7% | -- |
| 03/08/2023 03/08/23 | Price Changed | $875,000 | -2.2% | -- |
| 02/28/2023 02/28/23 | Price Changed | $895,000 | -0.6% | -- |
| 01/14/2023 01/14/23 | Price Changed | $900,000 | -5.3% | -- |
| 12/20/2022 12/20/22 | Price Changed | $950,000 | -9.5% | -- |
| 08/29/2022 08/29/22 | For Sale | $1,050,000 | -- | -- |
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 | $7,713 | $203,640 | $40,040 | $163,600 |
| 2024 | $7,713 | $203,640 | $40,040 | $163,600 |
| 2023 | $7,398 | $203,640 | $40,040 | $163,600 |
| 2022 | $7,255 | $203,640 | $40,040 | $163,600 |
| 2021 | $7,112 | $203,640 | $40,040 | $163,600 |
| 2020 | $6,980 | $203,640 | $40,040 | $163,600 |
| 2019 | $6,912 | $203,640 | $40,040 | $163,600 |
| 2018 | $793 | $203,640 | $40,040 | $163,600 |
| 2017 | $6,647 | $203,640 | $40,040 | $163,600 |
| 2016 | $6,567 | $203,640 | $40,040 | $163,600 |
| 2015 | $6,334 | $203,640 | $40,040 | $163,600 |
| 2014 | $6,334 | $203,640 | $40,040 | $163,600 |
Source: Public Records
Agents Affiliated with this Home
-
Nina Gupta
Map
Source: Bright MLS
MLS Number: PAMC2048692
APN: 67-00-00814-001
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