NOT LISTED FOR SALE

1 W James St Lancaster, PA 17603

Ross Neighborhood

Estimated Value: $394,000

-- Bed
-- Bath
7,752 Sq Ft
$51/Sq Ft Est. Value

Last Sold January 04, 2017

Last sale price $596,000 $77 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $2,475/month

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 4-minute walk to Mayor Janice C Stork Corridor Park
  • Home Security System

About This Home

As of January 2017

4 STORY BUILDING FOR SALE. (NOT THE RESTAURANT AND BUSINESS). GAS HOT WATER PAID BY LANDLORD. RESTAURANT 2 NET. 1ST FLOOR RESTAURANT HAS A/C. RESTAURANT PAYS 25% OF TAXES AND ALL OF TRASH. 2 PARCELS INCLUDED 13 W JAMES STREET PARKING LOT.

Last Agent to Sell the Property

Spencer Speros

(717) 431-0858 ssperos@comcast.net A' La Carte Real Estate Svcs License #RM421936 Listed on: 08/03/2016

Last Buyer's Agent

Philip Nissley

(717) 278-8391 philipnissley@outlook.com Hostetter Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,475

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 19 x 101

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Built-Up Roof
  • Stucco

Basement

  • Exterior Basement Entry

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 13 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Ross Elementary School
  • John F Reynolds Middle School
  • Mccaskey Campus High School

Utilities

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

Listing and Financial Details

  • Tenant pays for heat, electricity
  • Assessor Parcel Number 3393409500000

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Lancaster Northeast Subdivision

Building Details

  • Income includes apartment rentals, professional offices
  • Fuel Expense $3,500
  • Insurance Expense $3,900
  • Maintenance Expense $2,500
  • Operating Expense $11,020
  • Net Operating Income $62,905

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,475

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Current Use: Office
  • New Construction: No
  • Storage: Basement
  • Remarks Public: 4 STORY BUILDING FOR SALE. (NOT THE RESTAURANT AND BUSINESS). GAS HOT WATER PAID BY LANDLORD. RESTAURANT 2 NET. 1ST FLOOR RESTAURANT HAS A/C. RESTAURANT PAYS 25% OF TAXES AND ALL OF TRASH. 2 PARCELS INCLUDED 13 W JAMES STREET PARKING LOT.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance
  • Street Number Modifier: 1

Exterior Features

  • Construction Materials: Brick, Stucco
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Fire Escape
  • Roof: Built-Up
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 13.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1120.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • Elementary School: ROSS
  • Middle School: JOHN F REYNOLDS
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • Elementary School: ROSS
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: JOHN F REYNOLDS

Lot Info

  • Land Use Code: R-114
  • Lot Size Acres: 0.04
  • Lot Dimensions: 19 X 101
  • Zoning: R4
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4072031
  • School Tax: 7608.25
  • Tax Annual Amount: 12474.89
  • Assessor Parcel Number: 3393409500000
  • County Tax Payment Frequency: Annually
  • Close Date: 01/04/2017

Multi Family

  • Fuel Expense: 3500.00
  • Gross Income: 86400.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Metering: Fully Separate
  • Operating Expense: 11020.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2016
Closed on
Jan 4, 2017
Sold by
Jk Properties
Bought by
Dst Brothers Llc
Seller's Agent
Spencer Speros
A' La Carte Real Estate Svcs
Buyer's Agent
Philip Nissley
Hostetter Realty LLC
List Price
$699,900
Sold Price
$596,000
Premium/Discount to List
-$103,900
-14.84%
Current Estimated Value
$394,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$202,000
Avg. Annual Appreciation
-6.27%
Original Mortgage
$810,000
Interest Rate
4.03%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Katras John
Bought by
Jk Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.92%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Dst Brothers Llc $596,000 None Available
Jk Properties $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dst Brothers Llc $810,000
Closed Dst Brothers Llc $25,000
Previous Owner Jk Properties $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2017 01/04/17 Sold $596,000 -14.8% $77 / Sq Ft
09/26/2016 09/26/16 Pending -- -- --
08/03/2016 08/03/16 For Sale $699,900 -- $90 / 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 $16,991 $429,400 $35,600 $393,800
2024 $16,991 $429,400 $35,600 $393,800
2023 $16,705 $429,400 $35,600 $393,800
2022 $16,010 $429,400 $35,600 $393,800
2021 $15,666 $429,400 $35,600 $393,800
2020 $15,666 $429,400 $35,600 $393,800
2019 $15,432 $429,400 $35,600 $393,800
2018 $17,978 $429,400 $35,600 $393,800
2016 $12,475 $274,100 $20,800 $253,300
2015 $4,867 $274,100 $20,800 $253,300
2014 $10,887 $274,100 $20,800 $253,300
Source: Public Records

Agents Affiliated with this Home

  • Spencer Speros

    Seller's Agent in 2017

    Spencer Speros

    A' La Carte Real Estate Svcs

    (717) 431-0858

    2 in this area

    41 Total Sales

    Spencer Speros
    Section Image

  • P

    Buyer's Agent in 2017

    Philip Nissley

    Hostetter Realty LLC

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002739053

Bright MLS

APN: 339-34095-0-0000

Pennsylvania Lancaster County Lancaster 17602 Ross

1 W James St, Lancaster, PA

This home is located at 1 W James St, Lancaster, PA 17603 since 03 August 2016 and is currently estimated at $394,000, approximately $50 per square foot. 1 W James St is a home located in Lancaster County with nearby schools including Ross Elementary School, Reynolds Middle School, and McCaskey High School.

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