Check Availability
$399,000
House - In Contract

4040 Penn Ave

Lawrenceville, PA 15224
bedrooms
4 Beds
bathrooms
2 Baths
$2,265
Estimated Monthly
$0
HOA / Fees
5.10%
Cap Rate

About This Property

Introducing 4040 Penn Avenue, a freshly painted and deep cleaned single family home with off-street parking for 3 vehicles and an expansive outdoor deck and patio of nearly 800 square feet, perfect for entertaining. Located at the intersection of Lawrenceville and Bloomfield and with easy access to the Strip District and Garfield, you'll enjoy all that these vibrant neighborhoods have to offer.  

The interior includes 4 bedrooms, 2 full baths, basement storage, and numerous flex spaces across three finished floors. With a newer roof, updated mechanicals and central air, it's ready for its next act as an investment property or renovated owner-occupied home, suitable for Airbnb or live/work arrangements. Functional layout is also easily reconfigured.

Zoned as LNC - Local Neighborhood Commercial, this property offers potential for various uses. Its convenient location provides easy access to hospitals, public transit, and more. Don't miss the chance to make this property your own.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1920
Listed By
Tim Gyves
COMPASS PENNSYLVANIA, LLC
Last updated: 3 days ago (WPMLS #1618651)

Price History

Date / Event Date Event Price
May 3, 2024 In contract -
In contract
Apr 2, 2024 Price Decreased $399,000
↓ $26K (6.1%)
Price Decreased
Feb 14, 2024 Relisted $425,000
Relisted
Nov 5, 2023 No longer available -
No longer available
Nov 4, 2023 Relisted $430,000
Relisted
Show More

Property Highlights

Air Conditioning
Parking Details
Parking Features: Off Street
Total Garage and Parking Spaces: 3
Interior Details

Bedroom Information

Bedrooms: 4

Bathroom Information

Full Bathrooms: 2

Interior Information

Appliances: Some Gas Appliances, Dryer, Dishwasher, Refrigerator, Stove, Washer
Flooring Type: CeramicTile, Carpet

Room Information

Rooms: 8

Basement Information

Has Basement
StorageSpace, WalkUpAccess

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,634
  • Gross Building Area: 1,634
  • Building Area: 1,634
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,634
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: WM WOOLSLAYER PLAN
  • Land Acres: 0.119
  • Legal Description 1: WM WOOLSLAYER PLAN 28 LOT 40X130 PENN AV BET FI SK & MAIN STS 2 STY FRA INS BRK HSE 4040

Ownership

  • Current Owner : HATFIELD KEVIN
  • Previous Owner : RYMS PAUL
  • Owner Before Previous Owner: GLS CAPITAL SERVICES INC
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Pittsburgh School District
  • School Tax School District: PITTSBURGH
  • Census Tract: 090300

Geography

  • Assessors Map Reference: 0049-L
  • District: 109
  • Parcel: 0049-L-00340-0000-00
  • Block: 49L
  • Lot: 340
  • Municipality: 9TH WARD - PITTSBURGH
  • Latitude: 40.4653
  • Longitude: -79.9563

    Address

  • Full Address: 4040 Penn Ave
  • Address - House Number: 4040
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Pittsburgh
  • Carrier Code: C074
  • 4-Digit Zip Code: 1336
  • Zip Code: 15224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,663
  • Tax Rate Code Area: PITTSBURGH

    Appraisal Valuation

  • Standard Deviation: 0.1078
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 89
  • Final Value: 426,978
  • High Value: 473,010
  • Low Value: 380,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,400
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 26, 2013
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $156,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown

    Market Valuation

  • Market Total Value: $177,000
  • Market Land Value: $40,000
  • Market Improvement Value: $137,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $159,000
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $119,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2013
  • Current Sale Recording Date: Aug 26, 2013
  • Current Sale Transaction ID: 1135684585
  • Current Sale Price: $195,500
  • Current Sale Document Type: unknown
  • Previous Sale Recording Date: Sep 06, 2002
  • Previous Sale Contract Date: Jul 30, 2002
  • Previous Sale Amount: $2,150
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Aug 26, 2013
  • First Mortgage Loan Amount: $156,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1 Bath
-
$355,000 Mar 17, 2023
$355,000 Jul 25, 2023
$128/mo
House
3 Beds
2 Baths
-
$395,000 Nov 1, 2023
$395,000 Dec 4, 2023
$363/mo
House
3 Beds
2 Baths
-
$379,000 Sep 1, 2023
$379,000 Dec 12, 2023
$162/mo
House
3 Beds
1 Bath
-
$389,825 Jul 20, 2023
$389,825 Aug 25, 2023
$75/mo
House
3 Beds
3 Baths
-
$402,500 May 11, 2023
$402,500 Jun 9, 2023
$98/mo
House
3 Beds
2 Baths
-
$335,000 Jun 22, 2023
$335,000 Sep 18, 2023
$222/mo
House
4 Beds
3 Baths
-
$469,900 Oct 19, 2023
-
$95/mo
In Contract
House
4 Beds
3 Baths
-
$349,900 Dec 16, 2023
-
$144/mo
House
3 Beds
3 Baths
-
$499,000 Feb 2, 2024
-
$513/mo
House
3 Beds
2 Baths
-
$399,900 Dec 23, 2023
-
$131/mo
In Contract
House
3 Beds
3 Baths
-
$410,000 Jan 9, 2024
-
$516/mo
House
3 Beds
4 Baths
-
$424,623 Nov 1, 2023
-
$141/mo

About East End


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Frequently Asked Questions

When was property at 4040 Penn Avenue built and last sold?
The property at 4040 Penn Avenue was built in 1920 and last sold on Aug 22, 2013 for $195,500.
How much is this home worth?
The estimated value of the home located at 4040 Penn Avenue is $429,250.
What are some comparable homes to 4040 Penn Avenue?
Homes that are comparable to 4040 Penn Avenue include a house property at 4507 Torley Street, 4539 Friendship Avenue, 246 46th Street.

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