2 Pheasant Rd Norristown, PA 19403

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3 beds · 1 bath · 1,392 sq ft · Lot Size: 24,000 sq ft · Single Family Home · Audubon
Est. Property Value: $457,232

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2 Pheasant Rd is in the Audubon neighborhood of Norristown, PA. It is located in Montgomery County and ZIP code 19403. This Single Family Home was built in 1959 and is approximately 66 years old. The single family home spans 1392 sq ft with 3 bedrooms and 1 bathroom and sits on a 24000 sq ft lot. According to public records, it was last sold in 2017 for $290,000. The Audubon area of Norristown has 6 residential homes with an average size of 1845 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2 Pheasant Rd Norristown, PA 19403 with Property Intel by Whitepages.

Investment Potential for 2 Pheasant Rd

The property has a current estimated value of $457,232, which is 25% below the neighborhood median, based on public records. It last sold on April 18, 2017 for $290K. Projected long-term
is $25,200 annually ($2,100 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 19403 zip code
 
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Owners & Occupancy for 2 Pheasant Rd

This property is owned by Michael J Majewski. Owner contact information includes 5 phone numbers and 4 email addresses.

Property Owners

Cell Phone(704) ***-****View Cell Phone
Residence**************
Landline(908) 359-6819
Distance from Property**********
Email Address**************@aol.comView Email

Property Ownership Information

Purchase DateApril 18, 2017
Property Tax Amount$5,544 in 2024
Purchase Price$290,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 44

Property Details for 2 Pheasant Rd

Property Details

Property Sq Ft

Living Area

1,392 sq ft

25% below market

Lot Size

24,000 sq ft

62% below market

Price Per Sq Ft

Living Area

$328 / sq ft

8% above market

Lot Size Area

$19 / sq ft

74% below market

Property condition, age, exterior, etc. for 2 Pheasant…
Longitude: -75.42815 Latitude: 40.12569 Parcel Number (APN): 43-00-11077-004…
Mortgage originated on through lender: American Heritage Fcu for$******View Mortgage Details

Recommended Properties in Audubon

Discover more single family homes near 2 Pheasant Rd in Norristown, Pennsylvania. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2 Pheasant Rd in Montgomery County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$457,232
$233,271
$223,961 (96%)
$407,348
$362,748 (89%)
YoY Price Change
2.5%
76%
Year Built
1959
1957
2 years
Living Space
1,392 sq ft
1,451 sq ft
-59 (-4%)
$ Per Living Sq Ft
$328
$161
$167 (104%)
Lot Size
24,000 sq ft
8,712 sq ft
15288 (175%)
$ Per Lot Sq Ft
$19
$32
-$12 (-40%)

Net Operating Income
$16,783
-$3,812 (-23%)
Annual Revenue
$25,200
$25,800
-$600 (-2%)
$8,585
$3,644 (42%)
Net Operating Income
$16,783
-$3,812 (-23%)
Cap Rate
7.08%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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