522 Highland Avenue

Malvern, PA 19355

$730,000
Last Sold Price
Beds
3,348 Sq. Ft.
$218 / Sq. Ft.
3,348
Sq. Ft.
$218
per Sq. Ft.

Description

Charming and very well maintained three unit property. Main unit is a three bedroom, 2.5 bath where the owners currently live. There are two, 2 bedroom units attached to the property with their own entrances. These two units have rental permits. Wonderful way to live in the Borough of Malvern, accessing the great schools, plus obtain rental income! Perfect for, multi generational families or home buyers looking for additional income to off set mortgage payments. Unit 1A has been updated recently...Charming and very well maintained three unit property. Main unit is a three bedroom, 2.5 bath where the owners currently live. There are two, 2 bedroom units attached to the property with their own entrances. These two units have rental permits. Wonderful way to live in the Borough of Malvern, accessing the great schools, plus obtain rental income! Perfect for, multi generational families or home buyers looking for additional income to off set mortgage payments. Unit 1A has been updated recently with monthly rent at $1310. Unit 1B monthly rental at $900 and has had the same tenant for many years with no rental increase. This unit is on month to month.
  1. Listed by Maggie Oyler • Long & Foster Real Estate, Inc.
    P: 4843568313 maggieoyler@kw.com

Property Details for 522 Highland Avenue

Tax ID Number
02-06 -0035.0300
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Dwelling with Rental, Converted Dwelling, Contemporary
Waterfront
No
Garage
No
Expected On Market Date
12-04-2020

Location

Listing Courtesy of Long & Foster Real Estate, Inc.

Sold By Long & Foster Real Estate, Inc.

Add your commute
LISTING UPDATED: 08/24/2022 06:03 PM

Property Details for 522 Highland Avenue

StatusClosed
MLS #PACT525520
Days on Market56
Taxes$6,454 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1950
Lot Size0.61 AC / 26,620 SF
CountyChester County

Location

Listing Courtesy of Long & Foster Real Estate, Inc.

Sold By Long & Foster Real Estate, Inc.

Add your commute

Virtual Tour

Building Information for 522 Highland Avenue

Stories-Residences3Year Built1950Building Size-Lot Size0.61 AC / 26,620 SF

Payment Calculator

$4,522 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,984

Property Taxes

$538

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 522 Highland Avenue

Location
Location
  • School District Name: GREAT VALLEY
  • School District County ID: 300200397337
  • SchoolDistrictSource: Listing Agent
  • County: CHESTER
  • MLS Area: Malvern Boro (10302)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $207,980
  • Year Assessed: 2021
  • County Tax: $947
  • Improvement Assessed Value: $154,650
  • City Town Tax: $971
  • Land Assessed Value: $53,330
  • Clean Green Assessed: No
  • Land Use Code: R30
  • Zoning: R30
  • Zoning Dscrp: R30 Res: Multi-Fam/Dorms/Single, LOT DWG & APTS
  • Tax Lot: 0035.0300
  • School Tax: $4,536
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Electricity, Heat, Lawn/Shrub Care, Sewer, Water
  • Concessions: Yes
  • Concessions Amount: $7,000
  • Concession Remarks: Towards New Roof
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: 2
  • Number Of Units Month To Month: 1
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $17,940
  • Insurance Expense: $4,063
  • Maintenance Expense: $5,466
  • Water Avg Month: $94
  • Water Prev 12 Months: $1,124
  • Heating Oil Avg Month: $385
  • Heating Oil Prev 12 Months: $4,625
  • Electric Avg Month: $270
  • Electric Prev 12 Months: $3,245
  • Gas Avg Month: $0
  • Gas Prev 12 Months: $0
Financial Information
  • Annual Rental Income: $26,520
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,348.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 225096
Parking
Parking
  • Type Of Parking: Driveway
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 522 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 522 Highland Avenue

Taxable ValueLand$53,330Additions$154,650Total$207,980
Tax Record2022$6,400 ($533 / month)
Home Facts
Baths3.5Total Finished SqFt3,348 SqFtAbove Grade Finished SqFt3,348 SqFtStories2Lot Size26,620 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950ZoningR1ACountyCHESTERAPN0206 00350300Fireplace TypeHas Fireplace

Schools near 522 Highland Avenue

This home is within Great Valley School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - 7 to 12
Rating
School
Distance
General Wayne El School
PublicK to 5

Great Valley Middle School
Public6 to 8

Great Valley High School
Public9 to 12

The Phelps School
Private7 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.