11 months on rocket

79 Gough Ave, Ivyland, PA, 18974

$839,900

Home List Price

$9,974*

Closing Credit

0 Baths
5,228 SqFt
$161/SqFt
House
Schools Nearby

Location

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79 Gough Ave, Ivyland$839,900

Buyer Closing Credits

$9,974*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street
Year Built1872
HeatingHot Water, Radiant
CoolingNone
BasementYes
MLS #PABU2049806
Lot Size0.34 Acres
StatusActive
(ACTIVE)

About 79 Gough Ave

(UPDATES: as of DEC. 11, 2023 - The encroachment has been resolved and the Borough's suit has been settled | As of April 10, 2024 Seller has obtained all final Land Development approvals) Welcome to 79 Gough Avenue, previously the historic Ivyland Hotel. This multifamily investment property currently has 4 apartments. The first and second floor currently contain the 4 apartments. The first-floor decking has all been replaced with new footers, deck structure and Azek wrapped posts to bring some of the history back to this gem. New landscaping all around and parking potential in the back of the building. This cash flowing property of the existing 4 apartments currently captures $6,300 per month which are below market rents. All current leases are month to month. This unique property has custom trim accents & detail that brings back that old world charm & craftsmanship. With inventory of multifamily properties at an all-time low, this provides the savvy investor with the potential to build their portfolio. The third and fourth floor would be the other 4 units providing stunning views of the Borough. The engineered plans, architectural renderings and approved plans are included in the sale. The Land Development Plans have also been submitted to the Borough (Named the Temperance House Lofts). The owner has taken the time & effort to obtain zoning approvals for 4 more additional apartments which would provide the new owner 8 total cash producing apartments. This cash flowing property has the potential with all 8 apartments of $18,000+ per month. A Buyer could choose to keep this as a 4-unit apartment investment or take on the construction project for the additional 4. Great location & convenient to major traffic routes such as 263, 132 and 332 and minutes from the Warminster train station which runs into Center City Philadelphia. Listing Agent must accompany all showings, please see Agent notes in the Listing for details. ( NOTE: No ADA type B units required, no ADA accessibility in the form of a ramp or a chair lift required to the building - Seller is moving forward with recording the plans and posting the escrows for the Land Development. Seller will assign, Buyer will be responsible for the financial escrows and for final responsibility of the Developers Agreement)

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1872
  • Living Area: 5,228 SqFt

Listing Office:

  • Office Name: Keller Williams Real Estate-Doylestown
  • Office Phone: (215) 340-5700
  • Listing Agent: Melissa Healy

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood, Tile/Brick
  • Interior: Carpet, Crown Moldings

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant
  • Cooling: None

School Info

Assigned Schools Information:

  • William Tennent High School, Public District Grades 9-12
  • Log College Middle School, Public District Grades 6-8
  • Eugene Klinger Middle School, Public District Grades 6-8
  • McDonald Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Corner of Gough Avenue & Pennsylvania Avenue, Ivyland PA 18974

Municipality:

  • Ivyland Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $839,900
  • Price Per SqFt: $161/SqFt

Tax Information:

  • Annual Amount: $8,554
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PABU2049806

Listing Office:

  • Office Name: Keller Williams Real Estate-Doylestown
  • Office Phone: (215) 340-5700
  • Listing Agent: Melissa Healy

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:00:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 25, 2017Home Sold
$500,000
Aug 17, 2004Home Sold
$285,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,554$46,000
2020$8,428$46,000
2019$8,233$46,000
2018$8,032$46,000
2017$7,792$46,000

History based on county public records data.

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$4,259

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,585

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4547657
5
/10

  • McDonald Elementary School

  • 666 Reeves Ln

  • 1.34 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4547658
6
/10

  • Log College Middle School

  • 730 Norristown Rd

  • 1.80 miles

  • Public District Grades 6-8

school-card-donut-4547659
5
/10

  • Eugene Klinger Middle School

  • 1415 2nd Street Pike

  • 2.68 miles

  • Public District Grades 6-8

High School

school-card-donut-4547660
4
/10

  • William Tennent High School

  • 333 Centennial Rd

  • 1.73 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,631. Residents of Bucks County, PA typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 79 Gough Ave

What is the listing price of this property?

The listing price of 79 Gough Ave property is $839,900.

What type of property is this?

The property 79 Gough Ave is a house located in Ivyland, Pennsylvania, 18974.

Is this property for sale now?

Active Listing: 79 Gough Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 79 Gough Ave are:
McDonald Elementary School: GreatSchools Rating 5/10
Log College Middle School: GreatSchools Rating 6/10
Eugene Klinger Middle School: GreatSchools Rating 5/10
William Tennent High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,554 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 25, 2017 for $500,000. (source: MLS/tax record).

What is the square footage of this property?

The property 79 Gough Ave is 5,228 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 79 Gough Ave is 1872.

Rocket Homes›Pennsylvania›Bucks County›Ivyland›18974›79 Gough Ave

This home is located at 79 Gough Ave in Ivyland, PA and zip code 18974. This 5,228 square foot home, which was built in 1872, sits on a 0.34 acre lot. It has been listed on Rocket Homes since May 25, 2023 and is currently priced at $839,900.

While more than 172 listings in Bucks County, PA in April 2024 were sold above asking price, there were more than 76 listings sold at asking price, and more than 92 were sold below. Between March 2024 and April 2024, Bucks County, PA real estate market has seen increase in the number of listings by 15.2%. While the average time on the market in April 2024 was 16 days, the median list price was $460,009.

From Rocket Homes Real Estate and based on county public records data.

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