Sold
Last Sold Price
2,855 sqft$280/sqft
100 Grandview Rd, Ardmore, PA 19003
Multi FamilyProperty Type
8,065 sq ftLot Size
1900Year Built
$280/sq ftPrice per sq ft

Description

Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.)
First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with
...Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.)
First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with income on the top two floors. The first floor has its own entrance while the two additional units share a common door on the side. First floor also has direct access to the basement for storage and laundry as well as access to the driveway for off street parking. Second and third floor apartments are both two bedroom, one bath apartments. There is a shared washer and dryer in the basement that is accessible from rear basement door. Landlord pays for water, snow removal and lawn care and tenants pay for electric and heat. This property is on a great residential street with mostly single family homes. It is close to parks, shopping and transportation. Tenants benefit from the Lower Merion schools too.

Unit 1 - monthly rent - $2,100. Lease ends 8/31/2022
Unit 2 - monthly rent - $1,800. Lease ends 7/31/2022
Unit 3 - monthly rent - $1,300. Lease ends 5/31/2022
(all three units have tenants for more than one year)
Garage - monthly rent - $175. Month to month lease with same tenant for over 7 years.

Because the property is fully rented, there will be three open houses to facilitate viewing the entire property. Any other showings will require at least 24 hour notice,
Listing closed: 03/09/2022 12:00 AM • Source: BRIGHT, MLS#: PAMC2020598

Recent comparable sales

Median sold price

$605,000

Avg days on market

36

Sale-to-list ratio

86.6%

Ardmore, PA

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Location

Sold By RE/MAX Town & Country

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Property Information for 100 Grandview Road

Property Details
  • Taxes: $7,625 / year
  • MLS Type: Multi-Family / Fee Simple
  • Tax ID Number: 40-00-19856-003
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Colonial
  • Waterfront: No
  • Garage: No
  • Expected On Market Date: 01-06-2022
  • Cross Street: Athens Ave
  • Municipality: LOWER MERION TWP
  • Central Air: No
  • Above Grade Finished SQFT: 2,855.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: .00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: .00
  • Total Below Grade SQFT Source: Assessor
  • New Construction: No
  • Property Condition: Very Good
Building Information
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.19 AC / 8,065 SF
Location
Location
  • School District Name: LOWER MERION
  • School District County ID: 300200396851
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: Lower Merion Twp (10640)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $195,560
  • Year Assessed: 2021
  • County Tax: $710
  • Improvement Assessed Value: $0
  • City Town Tax: $819
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1134
  • Zoning: RESIDENTIAL - TRIPLEX
  • Tax Lot: 605
  • School Tax: $6,095
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Lawn/Shrub Care, Repairs, Sewer Maintenance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $20,381
  • Operating Expense Includes: Insurance, Snow Removal
  • Insurance Expense: $3,913
  • Pest Control Expense: $748
  • Maintenance Expense: $2,121
  • Water Avg Month: $161
  • Water Prev 12 Months: $1,933
  • Other Expense: $3,942
Financial Information
  • Gross Scheduled Income: $64,500
  • Annual Rental Income: $64,500
  • Income Includes: Apartment Rentals, Other
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,855.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 65.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 722453
Parking
Parking
  • Type Of Parking: Driveway, On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 100 Grandview Road

DateEvent & SourcePriceAppreciation
Mar 9, 2022

Closed

BRIGHT #PAMC2020598

$800,000
Feb 21, 2022

Closed (Public Record)

Public Record #1491280062

$800,000

+9.1% / yr

Feb 18, 2022

Pending

BRIGHT #PAMC2020598

DateEvent & SourcePrice
03/09/2022

Closed

BRIGHT #PAMC2020598

$800,000
02/21/2022

Closed (Public Record)

Public Record #1491280062

$800,000

+9.1% / yr

02/18/2022

Pending

BRIGHT #PAMC2020598

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 100 Grandview Road

Taxable ValueLand-Additions-Total-
Tax Record2026$8,934 ($744 / month)
Home Facts
Baths4Total Finished SqFt2,855 SqFtAbove Grade Finished SqFt2,855 SqFtStories2Lot Size8,065 SqFtStyleTriplexYear Built1900Year Renovated1900ZoningR4CountyMONTGOMERYAPN40-00-19856-00-3

Schools near 100 Grandview Road

This home is within Lower Merion School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Valley School
PublicK to 4

Welsh Valley Middle School
Public5 to 8

Lower Merion High School
Public9 to 12

Harriton Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Ardmore
Ardmore
Family focused with a strong sense of community. A charming town with lively, urban vibes centered in the area’s beloved Main Line. Ardmore is home to the area’s best shopping, dining and dynamic experiences.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 100 Grandview Road, Ardmore, PA 19003
$800,000
2,855
8,065
$205,000
3,002
7,405
5
2
2,063
11,252
$176,000
5
8,259
3
2,396
7,500
$835,000
4
2,850
7,684

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.