NOT LISTED FOR SALE

1 E Main St Mechanicsburg, PA 17055

Estimated Value: $515,953

-- Bed
-- Bath
3,500 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $385,000 $110 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,375/month

55 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Recessed Lighting
  • Mechanicsburg Area Senior High School Rated A-
  • Upgraded Countertops
  • 4-minute walk to Finkenbinder Park

About This Home

As of October 2020

3500 sqft 3 unit commercial space in the heart of the Historical District of Mechanicsburg. This building has recently undergone a massive renovation which entailed practically rebuilding the whole building from foundation to roof. The whole building was gutted and a new basement was installed while the foundation was being replaced. All new electrical, plumbing and HVAC have been installed. The first floor commercial space includes a full basement with sidewalk access...perfect for sidewalk deliveries and storage. 2nd and 3rd floor units have Eat-in-Kitchen, 2 bedrooms, 2 full baths, living room, and laundry/storage room. It sits on the corner of Main and Market Streets on the Square of Historic Mechanicsburg. With an address like 1 E. Main Street....how can you go wrong? 1st, 2nd and 3rd floor units are fully leased... Take advantage of this amazing opportunity and collect monthly rents immediately.

Last Agent to Sell the Property

Joe Washburn

Century 21 Realty Services License #AB068022 Listed on: 06/25/2020

Century 21 Realty Services

Last Buyer's Agent

Steve Hawbecker

RE/MAX Realty Associates License #RS103895A

RE/MAX Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Sprinkler System
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Block Foundation
  • Dryvit Stucco

Interior Spaces

  • Walk-in Shower
  • 3,500 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Fire Sprinkler System
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Ceramic Tile

Location

  • Suburban Location

Schools

  • Mechanicsburg Area High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 18-23-0565-064

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals, professional offices

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Over Storefront
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: 3500 sqft 3 unit commercial space in the heart of the Historical District of Mechanicsburg. This building has recently undergone a massive renovation which entailed practically rebuilding the whole building from foundation to roof. The whole building was gutted and a new basement was installed while the foundation was being replaced. All new electrical, plumbing and HVAC have been installed. The first floor commercial space includes a full basement with sidewalk access...perfect for sidewalk deliveries and storage. 2nd and 3rd floor units have Eat-in-Kitchen, 2 bedrooms, 2 full baths, living room, and laundry/storage room. It sits on the corner of Main and Market Streets on the Square of Historic Mechanicsburg. With an address like 1 E. Main Street....how can you go wrong? 1st, 2nd and 3rd floor units are fully leased... Take advantage of this amazing opportunity and collect monthly rents immediately.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven/Range - Gas, Refrigerator, Washer/Dryer Hookups Only, Water Heater
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting, Sprinkler System, Stall Shower, Upgraded Countertops, Wood Floors
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 114.29
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Dryvit
  • Exterior Features: Street Lights, Sidewalks
  • Road Surface Type: Paved
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MECHANICSBURG AREA
  • High School: MECHANICSBURG AREA
  • High School Source: Listing Agent
  • School District Key: 300200396842
  • School District Source: Listing Agent
  • High School: MECHANICSBURG AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 270000.00
  • Land Assessed Value: 10800.00
  • Land Use Code: 371
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: COMMERCIAL
  • Zoning Description: Commercial Space with 2 Apartments above the Store Front

Rental Info

  • Existing Lease Type: Yearly
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 11094407
  • School Tax: 3975.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5713.00
  • Assessor Parcel Number: 18-23-0565-064
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/15/2020

Multi Family

  • Gross Income: 42720.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Oct 8, 2020
Sold by
Nabhan Reema
Bought by
Gens Tonia D
Seller's Agent
Joe Washburn
Century 21 Realty Services
Buyer's Agent
Steve Hawbecker
RE/MAX Realty Associates
List Price
$400,000
Sold Price
$385,000
Premium/Discount to List
-$15,000
-3.75%
Current Estimated Value
$515,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,953
Avg. Annual Appreciation
5.88%
Original Mortgage
$308,000
Outstanding Balance
$277,027
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$230,038

Purchase Details

Closed on
Dec 26, 2017
Sold by
Caliber Investments Inc A Pennsylvania C
Bought by
Nabhan Reema

Purchase Details

Closed on
Oct 27, 2010
Sold by
Neidig Rose M
Bought by
Caliber Investments Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gens Tonia D $385,000 None Available
Nabhan Reema $350,000 None Available
Caliber Investments Inc $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gens Tonia D $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $385,000 -3.8% $110 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $400,000 -- $114 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,604 $280,800 $10,800 $270,000
2024 $6,380 $280,800 $10,800 $270,000
2023 $5,055 $280,800 $10,800 $270,000
2022 $5,927 $280,800 $10,800 $270,000
2021 $5,713 $280,800 $10,800 $270,000
2020 $5,594 $280,800 $10,800 $270,000
2019 $1,760 $90,000 $10,800 $79,200
2018 $1,732 $90,000 $10,800 $79,200
2017 $1,664 $90,000 $10,800 $79,200
2016 -- $90,000 $10,800 $79,200
2015 -- $90,000 $10,800 $79,200
2014 -- $90,000 $10,800 $79,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB124984

Bright MLS

APN: 18-23-0565-064