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Sold for $538,000
  • $538,000

    31 W Lincoln Hwy, Penndel, PA 19047

    7beds
    4baths
    2,352sqft
    Quadruplex
    Built in 1920
    -- sqft lot
    $607,600 Zestimate®
    $229/sqft
    $2,174 Estimated rent

    Home value

    $607,600

    $571,000 - $644,000

    $2,174/mo

    Zestimate® history
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    What's special

    Electric base boardGas heatingNew back stairsSeparate thermostats
    See Attached document for Major Improvement History. 2022 Windows and Storm doors replaced throughout, new back stairs, 2021 new roof main building. All Units have separate water heaters and electric meters. All Units have two exits. There are two sump pumps. Unit 3, Second floor, 4 bedroom unit has gas heating, all other units are electric base board with separate thermostats. Many long time tenants; Rents have been held by Landlord; Unit 3 tenant takes care of mowing and snow removal in exchange for favorable rent . Suggested current market rents; unit 1 $900, unit 2 $900, unit 3 $1500, Carriage Apt $1100. This would bring it in line with a 7.5 cap rate.

    Zillow last checked:

    Listing updated:

    Listed by:

    Diane Loomis 215-750-3050,

    Keller Williams Real Estate-Langhorne,

    Co-Listing Agent: Edward J Huth 215-757-6100,

    Keller Williams Real Estate-Langhorne

    Bought with:

    Bob Manzo, RM421841

    Mill Race Realty

    Source: Bright MLS,MLS#: PABU2052532MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Baseboard, Forced Air, Electric, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,352
    • Total interior livable area: 2,352 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: 2+ Access Exits
    Features
    • Exterior features: Flood Lights
    • Pool features: None
    Lot
    • Size: 7,350 Square Feet
    • Dimensions: 50.00 x 147.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 32003152001
    • Zoning: RC
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Frame
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Exterior Cameras
    Location
    • Region: Penndel
    • Municipality: PENNDEL BORO

    Financial & listing details

    • Price per square foot: $229/sqft
    • Tax assessed value: $24,400
    • Annual tax amount: $5,404
    • Date on market: 6/30/2023
    • Listing agreement: Exclusive Right To Sell
    • Inclusions: Replacement Parts And Materials Stored In The Basement, Shed.
    • Ownership: Fee Simple
    • Total actual rent: 32000
    • Income includes: Apartment Rentals

    Price history

    DateEventPrice
    9/8/2023Sold$538,000+7.6%$229/sqft
    Source: Bright MLS #PABU2052532 Report a problem
    8/22/2023Pending sale$500,000$213/sqft
    Source: Bright MLS #PABU2052532 Report a problem
    7/8/2023Contingent$500,000$213/sqft
    Source: Bright MLS #PABU2052532 Report a problem
    6/30/2023Listed for sale$500,000+92.3%$213/sqft
    Source: Bright MLS #PABU2052532 Report a problem
    1/31/2003Sold$260,000$111/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,683 -0.4%$24,400
    2024$5,708 +5.6%$24,400
    2023$5,404 +2.6%$24,400
    2022$5,267 -1.4%$24,400
    2021$5,340 -0.2%$24,400
    2020$5,352 +4.2%$24,400
    2018$5,137 +4.2%$24,400
    2017$4,931 $24,400
    2016$4,931 $24,400
    2015-- $24,400
    2014-- $24,400
    2013-- $24,400
    2012-- --
    2011-- --
    2010-- --
    2009-- --
    2008-- --
    2007-- $24,400
    2006-- $24,400
    2005-- $24,400 +300%
    2004-- $6,100
    2003-- $6,100
    2002-- $6,100
    2000-- $6,100
    Find assessor info on the county website

    Neighborhood: 19047

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Neshaminy

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $607,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $607,600