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$550,000

Beds
7
Baths
3.0
sq ft
3,025

312 Chestnut St, Mertztown, PA 19539

312 Chestnut St

MERTZTOWN, PA 19539

  • 58 days on market
    • Price drop $50,000↓
Investor Alert! Welcome to 312 Chestnut St, a mixed use gem with 3+ residential units and a commercial garage, get ready to unlock substantial income streams. Includes (2) parcels totaling over 1.3 acres (59-5473-16-84-6685, 59-5473-16-84-6685). Unit one (2 beds, 1 bath), unit 2 (2 beds, 1 bath, tenant occupied), Unit 3 (3 beds, 1 bath). A four-bay auto garage with office, upper level storage and full bath (tenant operated). Additional land on main parcel adjacent to rail lines. Potential for two more units in attic (framed and spray foam insulation completed). 15+ parking spaces. Basement operated as a former auto parts store, all remaining parts are included in the sale. Sale is as-is

Details

Property type

Single Family Residence

Property condition

Fixer

Lot size

0.49 acres

Price per sq ft

$182

Year built

1894

Annual property taxes

$5,120

HOA

No

Price History

10/05/2024
Bright

Bright #PABK2048254

Price change
$550,000
-8.33%
09/11/2024
Bright

Bright #PABK2048254

Listed
$600,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

School district: 

BRANDYWINE HEIGHTS AREA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of Bird In Hand

Loan start date

December 2021

Original loan amount

$460,000

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Purchase Money Mortgage

Seller

Sunrise Valley Rentals Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 11:15 AM

Listing updated: 10/05/2024 at 11:06 AM

Listed by: Melanie Louise Hughes, Crescent Real Estate Phone #: (215) 510-2992

MLS: Bright #PABK2048254

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