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615 Summit Street

615 Summit Street, King Of Prussia, PA 19406
Property in Upper Merion
Sold May 20, 2019
$350,000
$262,500 by Envoy Mortgage Ltd
Mortgage
Sold Jan 12, 1976
$17,000
615 Summit Street has been categorized by the local assessors in King Of Prussia, PA as a residential type of property. The building on the property was first built in 1867 and is 157 years old. In addition, 615 Summit Street has 6,923 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 14,400 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 615 Summit Street was last sold in May 16, 2019 for $350,000. According to our calculations, that's $50.56 per sqft. Prior to that sales transaction, the property was sold for $17,000 in Jan 12, 1976. Current property owners are expected to pay $6,455 in taxes per year. The property on 615 Summit Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $209,450. To break that down further, the land itself was valued at $86,930. While improvements to the property were assessed at a total of $122,520. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1867
  • Effective Year Built: 1867
  • Building Count: 1
  • Bedroom Count: 0
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,400
  • Lot Size Frontage Feet: 660
  • Total Building Area: 6,923
  • Building Area: 6,923
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 6,923
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.331
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ASSESSOR BLOCK-UNIT NUMBER 84-34

Ownership

  • Current Owner : TOSCO JOSEPH
  • Previous Owner : BADALAMENTI FRANK
  • Owner Generation Identifier: SR

Neighborhood

  • School District Name: Upper Merion Area School District
  • School Tax School District: UPR MERION AREA
  • Census Tract: 205906

Zoning

  • Zoning: C1

Geography

  • Assessors Map Reference: 58-084
  • District: 58
  • Parcel: 58-00-18376-00-7
  • Block: 84
  • Lot: 34
  • Municipality: UPPER MERION TOWNSHIP
  • Latitude: 40.0863
  • Longitude: -75.3299

    Address

  • Full Address: 615 Summit St
  • Address - House Number: 615
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: PA
  • City Name: King Of Prussia
  • Carrier Code: C026
  • 4-Digit Zip Code: 2710
  • Zip Code: 19406

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $6,455
  • Tax Rate Code Area: 58

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 51
  • Final Value: 522,707
  • High Value: 648,600
  • Low Value: 396,813

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $262,500
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: May 20, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $262,500
  • 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: $209,450
  • Market Land Value: $86,930
  • Market Improvement Value: $122,520

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $209,450
  • Assessed Land Value: $86,930
  • Assessed Improvements Value: $122,520

    Sales

  • Current Sale Contract Date: May 16, 2019
  • Current Sale Recording Date: May 20, 2019
  • Current Sale Transaction ID: 11612248269
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019030880
  • Previous Sale Recording Date: Jan 12, 1976
  • Previous Sale Contract Date: Jan 12, 1976
  • Previous Sale Amount: $17,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: May 20, 2019
  • First Mortgage Loan Amount: $262,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 615 Summit Street located in?
The 615 Summit Street is a located in the neighborhood of Upper Merion in Montgomery, King Of Prussia.
What is the average sales price for listings in 615 Summit Street?
The average sales price for units in 615 Summit Street is $0 currently.

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