Owner
$288,685
59 W SUMMIT ST, SOUDERTON, PA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
910
property type
Duplex (2 units, any combination)
hoa
No
About
Residential
Average Condition
Living Area
None
1 Story
No Basement
Central
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1955
Building Size
910 sq ft
Lot Size
4,968 sq ft
Lot Size (Acres)
0.11 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
21-00-07120-00-5
County
Montgomery County, Pennsylvania
Metro Area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Zoning
R2
Neighborhood/Subdivision
—
Lot Number
25
School District
Souderton Area School District
Legal Description
ASSESSOR BLOCK-UNIT NUMBER 43-25
Tax & Value Information
Market Value (Total)
$76,720
Building Value
$35,270
Land Value
$41,450
Annual Property Tax
$3,464
Tax Assessment Year
2024
Assessed Value
$76,720
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
2/13/2019
Recording Date
3/5/2019
Sales Document #
2019.13069
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$11,171
Return on Investment
15.60%
After Repair Value
$317,554
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$259,817
Renovation Cost
$14,434
Closing Costs (buying)
$5,196
Holding Costs
$7,883
Selling Costs
$19,053
Total Investment
$71,594
After Repair Value (ARV)
$317,554
Total Costs
$306,383
Estimated Profit
$11,171
Cash Invested
$66,398
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area