Green Lane, PA 18054,1127 MAGAZINE ROAD
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Green Lane, PA 18054,1127 MAGAZINE ROAD
Green Lane, PA 18054,1127 MAGAZINE ROAD
Green Lane, PA 18054,1127 MAGAZINE ROAD
Green Lane, PA 18054,1127 MAGAZINE ROAD

$234,600

Est. payment /mo

$275,000

14.7%
Est.Price: ?

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1127 MAGAZINE ROAD Green Lane, PA 18054

3 Beds

1 Bath

1,543 SqFt

SOLD DATE : 05/10/2022

Key Details

Sold Price $234,600

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,543 sqft

Price per Sqft $152

Subdivision None Available

MLS Listing ID PAMC2019492

Style Cape Cod

Bedrooms 3

Full Baths 1

Year Built 1940

Annual Tax Amount $1,700

Tax Year 2021

Property Description

Property is a former Summer Camp now owned by a multiple party partnership which owns the entire 13.8 acre parcel The subject house was occupied by the camp manager and is equipped for year around occupancy. The other units in the camp are seasonal cabins and used during the summer months. Purchaser would receive a contract to prove ownership; not a deed of the subject house, along with a 20% ownership interest in the property acreage. As such, mortgage and commercial financing is probably not available. Acreage is located along the Unami Creek offering fishing and hiking for property owners. Subject home is located within flood zone so flood insurance would be advisable. House is in great condition with 3 bedrooms. Lower level bonus room( former camp store) could be an additional bedroom or whatever you need it to be. Home features Andersen windows, newer carpet, and fresh paint. Scenic location with historic bridge across the Unami Creek and Wetzel Mill(currently being restored) within 100 feet of house location. With the wooded property and rural setting, you'll feel like you're living in the Pocono's. Home was most recently used as a rental property at $1500/month which remains one possibility along with a weekend retreat for those living a metropolitan lifestyle but long for a place to "get away from it all" whenever possible. Don't forget, as the new home owner, you would also own a 20% interest in the 13.8 acre lot. The partners have a formal written agreement and share in the real estate taxes and liability insurance. For the owners of the subject home this amounted to $1700 for the tax year 2021. Where else can you enjoy a quality home like this and have an annual tax bill under $2000? Buy now and you'll be ready for the coming Trout Season.

Location

State PA

County Montgomery

Area Marlborough Twp (10645)

Zoning COMMERCIAL

Rooms

Other Rooms Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Bonus Room

Interior

Hot Water Propane

Heating Baseboard - Electric

Cooling None

Flooring Fully Carpeted, Vinyl

Equipment Built-In Range, Dishwasher

Exterior

Parking Features Additional Storage Area

Garage Spaces 5.0

Amenities Available None

Water Access N

Roof Type Asphalt

Building

Story 1.5

Foundation Block

Sewer Grinder Pump, Public Sewer

Water Well

Structure Type Dry Wall

New Construction N

Schools

School District Upper Perkiomen

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Kerry L Ziegler • RE/MAX 440 - Pennsburg
Bought with Alisha Mathias • BHHS Fox & Roach-Collegeville
agent

Jason Gareau

Broker

+1(609) 929-4486

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