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4123 Terrace Avenue

4123 Terrace Avenue, South Park, PA 15129
Property in South Park
Sold Dec 16, 2019
$100,000
$80,000 by Welcome Home Finance Lp
Mortgage
Sold Jul 31, 1995
$39,000
Local assessors in South Park, PA have categorized 4123 Terrace Avenue as a residential type of property. The home was built in 1919 and is 105 years old. The property's lot size has been calculated to be 6,000 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4123 Terrace Avenue has a total of 1,644 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of materials that we aren't sure of. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4123 Terrace Avenue sold most recently in Nov 27, 2019 for a total of $100,000. If you work out the math, that's approximately a cost of $60.83 per sqft. Before that, the property was also sold for $39,000 in Jul 28, 1995. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,152 in taxes each year. 4123 Terrace Avenue was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $93,400. If we break it down further, the land itself was valued at $15,100. Improvements to the property, however, were assessed at a total of $78,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,644
  • Gross Building Area: 1,644
  • Building Area: 1,644
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,644
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LIBRARY 3RD
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LIBRARY 3RD PLAN 16 LOT 50X120 TERRACE AVE(.138 A) 11/2 STY INSEL BRK HSE 4123

Ownership

  • Current Owner : HONG LEI
  • Current Owner 2: HONG NANA
  • Previous Owner : THE ESTATE OF SHIRLEY G LAMANNA
  • Owner Before Previous Owner: HURST JOHN W

Neighborhood

  • School District Name: South Park School District
  • School Tax School District: SOUTH PARK
  • Census Tract: 490002

Geography

  • Assessors Map Reference: 0887-S
  • District: 945
  • Parcel: 0887-S-00040-0000-00
  • Block: 887S
  • Lot: 40
  • Municipality: SOUTH PARK
  • Latitude: 40.2891
  • Longitude: -80.0206

    Address

  • Full Address: 4123 Terrace Ave
  • Address - House Number: 4123
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: South Park
  • Carrier Code: R001
  • 4-Digit Zip Code: 9536
  • Zip Code: 15129

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,152
  • Tax Rate Code Area: SOUTH PARK

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 234,651
  • High Value: 329,685
  • Low Value: 139,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $80,000
  • First Open Lien Mortgage Lender: WELCOME HOME FINANCE LP
  • First Open Lien Mortgage Recording Date: Dec 16, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $80,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $93,400
  • Market Land Value: $15,100
  • Market Improvement Value: $78,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $93,400
  • Assessed Land Value: $15,100
  • Assessed Improvements Value: $78,300

    Sales

  • Current Sale Contract Date: Nov 27, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Transaction ID: 11735342178
  • Current Sale Price: $100,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 201938377
  • Previous Sale Recording Date: Jul 31, 1995
  • Previous Sale Contract Date: Jul 28, 1995
  • Previous Sale Amount: $39,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELCOME HOME FINANCE LP
  • First Mortgage Transaction Date: Dec 16, 2019
  • First Mortgage Loan Amount: $80,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About South Park Township



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Frequently Asked Questions

What neighborhood is 4123 Terrace Avenue located in?
The 4123 Terrace Avenue is a located in the neighborhood of South Park in South Park Township, South Park.
What is the average sales price for listings in 4123 Terrace Avenue?
The average sales price for units in 4123 Terrace Avenue is $0 currently.

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