new - 6 days on rocket

521 Swede St, Norristown, PA, 19401

$629,000

Home List Price

$7,469*

Closing Credit

0 Baths
Multi

Location

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521 Swede St, Norristown$629,000

Buyer Closing Credits

$7,469*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOff Street
Year Built1900
HeatingRadiant
CoolingNone
BasementYes
MLS #PAMC2123112
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 521 Swede St

Fantastic investment opportunity in the heart of Norristown! This well-maintained property features four spacious apartments: two 2-bedroom units and two 1-bedroom units. Located on one of the best blocks in Norristown, just steps from the upcoming $400 million courthouse, this building has undergone numerous updates including new windows, flooring, safety upgrades, masonry repairs, and more. The property has a recent U&O permit from the Municipality of Norristown and holds a legal 4-unit rental license. Currently, three of the four units are occupied, generating substantial income of over $6,000/month, with the potential to exceed $7,700/month when fully rented. The ground-floor unit is newly renovated and vacant, making it ideal for an investor or an owner-occupant. Don’t miss out on this high-income property with incredible location benefits!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru, Transitional
  • Year Built: 1900

Listing Office:

  • Office Name: Homestarr Realty
  • Office Phone: (215) 355-5565
  • Listing Agent: David Sawyer

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

Other

Directions Information:

  • Directions: Heading West on Airy Street, Turn Right onto swede St

Municipality:

  • Norristown Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,000

Tax Information:

  • Annual Amount: $7,872
  • 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

521 Swede St vs Norristown

6 DAYS ON ROCKET

-23 Days

$629,000

+$292.1K More

KEY TAKEAWAY

This property is $292.1K more than the Median Sold Price in Norristown, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAMC2123112

Listing Office:

  • Office Name: Homestarr Realty
  • Office Phone: (215) 355-5565
  • Listing Agent: David Sawyer

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: 11/21/2024, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,872$135,180
2020$7,637$135,180
2019$7,498$135,180
2018$7,358$135,180
2017$6,886$135,180

History based on county public records data.

Payment Calculator

$3,207

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,952

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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-250745
5
/10

  • Gotwals Elementary School

  • 1 E Oak St

  • 0.21 miles

  • Public District Grades 1-4

school-card-donut-250746
5
/10

  • Winfield Scott Hancock Elementary School

  • Arch & Summit Streets

  • 0.89 miles

  • Public District Grades 1-4

school-card-donut-250747
6
/10

  • Bridgeport Elementary School

  • 900 Bush and School Lane

  • 1.17 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 $40,233. The most common annual income of people living in Norristown, PA is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Montgomery County›Norristown›19401›521 Swede St

This home is located at 521 Swede St in Norristown, PA and zip code 19401. This home, which was built in 1900, sits on a 0.05 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $629,000.

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%. In October 2024, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $336,875.

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

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