3 months on rocket

Backup Offers

7301 Chestnut, Elkins Park, PA, 19027

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
5,621 SqFt
$116/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7301 Chestnut, Cheltenham Township$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingInside Access, Garage - Rear Entry, Driveway, On Street, Detached Garage
Garage2 spaces
Year Built1873
HeatingHot Water, Radiant, Other
CoolingWindow Unit(s)
BasementYes
MLS #PAMC2113226
Lot Size0.27 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 7301 Chestnut

Opportunity is knocking! HUGE Triplex Situated on an oversized lot in Elkins Park located just .3 miles from the Melrose Park Train Station. It is the perfect mix of modern conveniences and old world charm. The owner has occupied the first floor and rented the other units. As you walk up to the home you are greeted by a wrap around screened in porch on the first floor which leads you into the foyer of the home. The 1st floor unit is spacious with 1731 sq feet. There are 3 GOOD sized bedrooms and 2 bathrooms. Included in that is an owners suite. The living room features an electric fireplace that is ideal on the cold winter nights. The kitchen has been remodeled with SS appliances, newer cabinets, granite counters, bar seating, and tile backsplash. For all your storage needs there is a walk out basement with laundry, and utilities. As an added bonus, there is also solar panels that are owned with 12 years left on their warranty. They are connected to the first floor unit. Excess energy made is expressed as a credit in their PECO bill. Leading up to the 2nd and 3rd unit you are greeted by a covered porch which has been shared by the tenants. The 2nd Floor offers 1228 sq feet with 2 bedrooms and 1 bath. Newer Ark Fault electric has been installed, washer and dryer, as well as replacement windows. The third floor offers 717 sq ft with 1 Bedroom and 1 bath. Also there are two garages on the property which could also be rented out. There is a 3 car garage and a 2 car garage. There is no shortage of storage here! Utilities: each unit is billed separately for gas & electric. Water & Sewer is one bill for all units.

Property Details

Property Features

Property Information:

  • Architectural Style: Converted Dwelling
  • Year Built: 1873
  • Living Area: 5,621 SqFt

Listing Office:

  • Office Name: Opus Elite Real Estate
  • Office Phone: (215) 395-6277
  • Listing Agent: Christina Swain

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Inside Access, Garage - Rear Entry, Driveway, On Street, Detached Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant, Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Take Cheltenham Ave to Chestnut Ave.

Municipality:

  • Cheltenham Twp

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $116/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Cheltenham Township, PA.

Med. Sold Price

$425K

Med. Price/SqFt

$195

Avg. Days On Market

24

# of Sold Homes

29

7301 Chestnut vs Cheltenham Township

102 DAYS ON ROCKET

+78 Days

$650,000

+$225K More

$116/SqFt

-$79 Less

KEY TAKEAWAY

This property is $225K more than the Median Sold Price and $79/SqFt less than other homes in Cheltenham Township, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAMC2113226

Listing Office:

  • Office Name: Opus Elite Real Estate
  • Office Phone: (215) 395-6277
  • Listing Agent: Christina Swain

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: 11/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-619951
7
/10
  • Myers Elementary School

  • 7609 Montgomery Ave

  • 0.59 miles

  • Public District Grades KG-4

school-card-donut-619952
2
/10
  • Ellwood Elementary School

  • 6701 N 13th St

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-619953
5
/10
  • Cheltenham Elementary School

  • 7853 Front St

  • 1.03 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $129,412. Typical income of Cheltenham Township, PA residents is between $100k-200k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Pennsylvania›Montgomery County›Cheltenham Township›19027›7301 Chestnut

This home is located at 7301 Chestnut in Elkins Park, PA and zip code 19027 in the Elkins Park neighborhood. This 5,621 square foot home, which was built in 1873, sits on a 0.27 acre lot. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $650,000.

In October 2024 more than 16 listings in Cheltenham Township, PA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 7 were sold below. The inventory of homes for sale in Cheltenham Township, PA between September 2024 and October 2024 increased by 9.8%. In October 2024 median list price was $425,000 and the average listing age was 24 days.

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

More Resources