NOT LISTED FOR SALE

923 W Marshall St Norristown, PA 19401

Estimated Value: $92,524

-- Bed
2 Baths
-- Sq Ft
2,800 Sq Ft Lot

Last Sold April 05, 2016

Last sale price $50,000

Est. 85% increase in value since last sale

Current estimated payment $581/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA

About This Home

As of April 2016

Here is a large mixed use building in a great location that's ready to become a CASH COW. The first floor front is a commercial space that is currently rented to a barbershop on a handshake lease. The rear apartment is 1 bedroom and is currently vacant. There is also an upstairs apartment, which is a large 2 bedroom with beautiful hardwood floors. It is also vacant. Layout of the apartments is comfortable, and there is plenty of space. There is also off street parking in the rear of the building. Electric is separated, but other utilities are not fully separate. Repairs and updates are needed, but the potential is phenomenal. Note: Property is Corporate owned, No seller disclosure is available, seller is exempt. Buyer is responsible for U&O and conveyancing. As per Norristown borough, property is no longer zoned for mixed use. Zoning determination letter available for download from MLS documents.

Last Agent to Sell the Property

Alvaro Ronderos

(484) 919-4152 al@independencereo.com Independence Real Estate Sales LLC License #RM422823 Listed on: 09/30/2015

Last Buyer's Agent

Robin Bowers

(610) 584-2746 robinbowers@verizon.net Century 21 Advantage Gold-Trappe License #2335532

Century 21 Advantage Gold-Trappe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1891

Lot Details

  • 2,800 Sq Ft Lot
  • Property is in below average condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Community Details

  • No Home Owners Association
  • Operating Expense $4,651

Listing and Financial Details

  • Tax Lot 028
  • Assessor Parcel Number 13-00-25716-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1891
  • Remarks Public: Here is a large mixed use building in a great location that's ready to become a CASH COW. The first floor front is a commercial space that is currently rented to a barbershop on a handshake lease. The rear apartment is 1 bedroom and is currently vacant. There is also an upstairs apartment, which is a large 2 bedroom with beautiful hardwood floors. It is also vacant. Layout of the apartments is comfortable, and there is plenty of space. There is also off street parking in the rear of the building. Electric is separated, but other utilities are not fully separate. Repairs and updates are needed, but the potential is phenomenal. Note: Property is Corporate owned, No seller disclosure is available, seller is exempt. Buyer is responsible for U&O and conveyancing. As per Norristown borough, property is no longer zoned for mixed use. Zoning determination letter available for download from MLS documents.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Store/Office
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 923

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Parking Features: Street
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: NORRISTOWN AREA
  • School District Key: 300200397035

Lot Info

  • Land Use Code: 1160
  • Lot Size Acres: 0.06
  • Lot Dimensions: 20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2800.00
  • Property Condition: Below Average
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 619448
  • Tax Annual Amount: 4680.00
  • Assessor Parcel Number: 13-00-25716-002
  • Tax Lot: 028
  • Tax Year: 2016
  • Close Date: 04/05/2016

MLS Schools

  • School District Name: NORRISTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2016
Sold by
Mbogo Joseph
Bought by
Penn Residential Properties Llc
Current Estimated Value
$92,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 30, 2015
Closed on
Mar 28, 2016
Sold by
Coba Inc
Bought by
Joseph Mbogo Llc
Seller's Agent
Alvaro Ronderos
Independence Real Estate Sales LLC
Buyer's Agent
Robin Bowers
Century 21 Advantage Gold-Trappe
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2014
Sold by
Wisniewski Marya
Bought by
Coba Inc

Purchase Details

Closed on
Nov 14, 2002
Sold by
Pesavento Robert J and Torok Steve F
Bought by
Marya Wisniewski
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
Joseph Mbogo Llc $50,000 None Available
Coba Inc $1,881 None Available
Marya Wisniewski $75,000 --
Wisniewski Marya $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joseph Mbogo Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2016 04/05/16 Sold $50,000 -16.7% --
11/25/2015 11/25/15 Pending -- -- --
09/30/2015 09/30/15 For Sale $60,000 -- --
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 $5,823 $94,860 $33,470 $61,390
2024 $5,823 $94,860 $33,470 $61,390
2023 $5,771 $94,860 $33,470 $61,390
2022 $5,646 $94,860 $33,470 $61,390
2021 $5,618 $94,860 $33,470 $61,390
2020 $5,360 $94,860 $33,470 $61,390
2019 $5,262 $94,860 $33,470 $61,390
2018 $3,502 $94,860 $33,470 $61,390
2017 $4,832 $94,860 $33,470 $61,390
2016 $4,795 $94,860 $33,470 $61,390
2015 $4,680 $94,860 $33,470 $61,390
2014 $4,594 $94,860 $33,470 $61,390
Source: Public Records

Agents Affiliated with this Home

  • Alvaro Ronderos

    Seller's Agent in 2016

    Alvaro Ronderos

    Independence Real Estate Sales LLC

    (484) 919-4152

    12 in this area

    115 Total Sales

    Alvaro Ronderos
    Section Image
  • Robin Bowers

    Buyer's Agent in 2016

    Robin Bowers

    Century 21 Advantage Gold-Trappe

    (610) 584-2746

    9 in this area

    94 Total Sales

    Robin Bowers
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002628682

Bright MLS

APN: 13-00-25716-002

Pennsylvania Montgomery County Norristown 19401

923 W Marshall St, Norristown, PA

This home is located at 923 W Marshall St, Norristown, PA 19401 since 30 September 2015 and is currently priced at $92,524. This property was built in 1891. 923 W Marshall St is a home located in Montgomery County with nearby schools including Charles Blockson Middle School, Marshall Street Elementary School, and East Norriton Middle School.

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