4 months on rocket

201 E Chestnut St, Norristown, PA, 19401

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
2,272 SqFt
$286/SqFt
House

Location

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201 E Chestnut St, Norristown$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingOn Street
Year Built1899
HeatingSteam, Radiant
CoolingNone
BasementYes
MLS #PAMC2108650
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 201 E Chestnut St

Don't miss out on this excellent opportunity to own a 5-unit investment property with tons of original detail. The property consists of a 4 unit newly painted building and an attached house on one tax parcel. It's fully leased with current monthly income of $5080.00. Property is conveniently located only blocks from shopping, schools, parks, houses of worship, and transportation. 4 units have updated kitchens and bathrooms, including counter tops, flooring, cabinets and back splashes. CAP rate equals 7.2%

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1899
  • Living Area: 2,272 SqFt

Listing Office:

  • Office Name: BHHS Fox & Roach Wayne-Devon
  • Office Phone: (610) 651-2700
  • Listing Agent: Cheryl B Newton

Interior Features

Interior Information:

  • Appliances: Stove, Refrigerator
  • Basement: Yes
  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Interior: Ceiling Fan(s)

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Steam, Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: From Markley St, Take Chestnut Street East to corner of Green St

Municipality:

  • Norristown Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $286/SqFt

Tax Information:

  • Annual Amount: $3,829
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Norristown, PA.

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Norristown, PA

City

Med. Sold Price

$336.8K

Med. Price/SqFt

$203

Avg. Days On Market

29

# of Sold Homes

53

201 E Chestnut St vs Norristown

146 DAYS ON ROCKET

+117 Days

$650,000

+$313.1K More

$286/SqFt

+$82 More

KEY TAKEAWAY

This property is $313.1K more than the Median Sold Price and $82/SqFt more than other homes in Norristown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAMC2108650

Listing Office:

  • Office Name: BHHS Fox & Roach Wayne-Devon
  • Office Phone: (610) 651-2700
  • Listing Agent: Cheryl B Newton

IDX Information Deemed Reliable But Not Guaranteed. 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 in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 01, 2016Home Sold
$230,000
Aug 30, 2000Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,829$65,750
2020$3,714$65,750
2019$3,647$65,750
2018$3,579$65,750
2017$3,349$65,750

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-145289
5
/10

  • Gotwals Elementary School

  • 1 E Oak St

  • 0.19 miles

  • Public District Grades 1-4

school-card-donut-145290
5
/10

  • Winfield Scott Hancock Elementary School

  • Arch & Summit Streets

  • 0.66 miles

  • Public District Grades 1-4

school-card-donut-145291
6
/10

  • Bridgeport Elementary School

  • 900 Bush and School Lane

  • 1.26 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,939. The majority of Norristown, PA residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 201 E Chestnut St

What is the listing price of this property?

The listing price of 201 E Chestnut St property is $650,000.

What type of property is this?

The property 201 E Chestnut St is a house located in Norristown, Pennsylvania, 19401.

Is this property for sale now?

Active Listing: 201 E Chestnut St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,829 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 1, 2016 for $230,000. (source: MLS/tax record).

What is the square footage of this property?

The property 201 E Chestnut St is 2,272 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 201 E Chestnut St is 1899.

Rocket Homes›Pennsylvania›Montgomery County›Norristown›19401›201 E Chestnut St

This home is located at 201 E Chestnut St in Norristown, PA and zip code 19401. This 2,272 square foot home, which was built in 1899, sits on a 0.04 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $650,000.

Over 17 listings were sold over their listed price in October 2024 in Norristown, PA. In the same period over 20 listings were sold below the listed price and 16 listings were sold for the listed price. Between September 2024 and October 2024, Norristown, PA real estate market has seen increase in the number of listings by 14.7%. Listings spent 29 days on the market in October 2024, and had a median list price of $336,875 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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