NOT LISTED FOR SALE

1015 Lehman St Lebanon, PA 17046

Estimated Value: $374,436 - $394,000

-- Bed
4 Baths
2,415 Sq Ft
$159/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $266,750 $110 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,209/month

18 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Property is in very good condition
  • Wood Flooring
  • 90% Forced Air Heating System
  • 4-minute walk to Monument Park

About This Home

As of June 2021

Well maintained detached 4 unit property in Lebanon City with good tenants, all utilities are split out and everything is electric, newer mechanicals, Can be purchased along with 1019 Lehman St. Leases & Income/Expense available upon request. Total Income is $2,370 per month, Apt. A is $500 per month, Apt. B $595 per month, Apt. C. $600 Per Month, Apt. D $675 Per Month. Opportunity to increase rents on 1 or 2 units, Annual Property Operating Data Sheet Available, Property produces approximately 8% Cap Rate with 75% Mortgage.

Last Agent to Sell the Property

David Wissler

Coldwell Banker Realty License #RS277709 Listed on: 04/16/2021

Coldwell Banker Realty

Last Buyer's Agent

David Wissler

Coldwell Banker Realty License #RS277709 Listed on: 04/16/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,347

Year Built

  • Built in 1910

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,415 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • The owner pays for sewer, water, trash collection, real estate taxes
  • Assessor Parcel Number 07-2336638-371485-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,347

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Well maintained detached 4 unit property in Lebanon City with good tenants, all utilities are split out and everything is electric, newer mechanicals, Can be purchased along with 1019 Lehman St. Leases & Income/Expense available upon request. Total Income is $2,370 per month, Apt. A is $500 per month, Apt. B $595 per month, Apt. C. $600 Per Month, Apt. D $675 Per Month. Opportunity to increase rents on 1 or 2 units, Annual Property Operating Data Sheet Available, Property produces approximately 8% Cap Rate with 75% Mortgage.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2415
  • Living Area Sq Ft: 2415
  • Price Per Sq Ft: 114.60
  • Above Grade Finished Sq Ft: 2415
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1015

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LEBANON
  • School District Key: 300200397291
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 39200.00
  • Land Assessed Value: 7000.00
  • Land Use Code: 104
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good, Very Good
  • Year Assessed: 2021
  • Zoning: MULTI-FAMILY

Rental Info

  • Existing Lease Type: Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Water, Trash Collection, Taxes - Real Estate
  • Total Actual Rent: 28440.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10311213
  • School Tax: 984.00
  • Tax Annual Amount: 1347.00
  • Assessor Parcel Number: 07-2336638-371485-0000
  • Tax Total Finished Sq Ft: 2415
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/14/2021

Multi Family

  • Gross Income: 28440.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Blank Eli E and Blank Anna S
Bought by
Locust Lane Enterprises Llc
Current Estimated Value
$380,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$284,611
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
$27,204

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 14, 2021
Sold by
Fisher Emanuel G
Bought by
Blank Eli E and Blank Anna S
Seller's Agent
David Wissler
Coldwell Banker Realty
Buyer's Agent
David Wissler
Coldwell Banker Realty
List Price
$280,000
Sold Price
$266,750
Premium/Discount to List
-$13,250
-4.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
Original Mortgage
$262,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 5, 2014
Sold by
Mpl Homebuyers Llc
Bought by
Fisher Emanuel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,320
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 22, 2013
Closed on
Sep 12, 2013
Sold by
U S Bank National Association
Bought by
Mpl Homebuyers Llc
Seller's Agent
Frank Tomecek, Jr.
RE/MAX Cornerstone
List Price
$45,000
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.63%
Original Mortgage
$65,000
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 10, 2013
Sold by
Colon Salvador
Bought by
Us Bank National Asscociation

Purchase Details

Closed on
May 19, 2005
Sold by
Liberty Investment Association Inc
Bought by
Colon Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.95%
Mortgage Type
Commercial
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
Locust Lane Enterprises Llc $360,000 None Listed On Document
Blank Eli E $266,750 None Available
Fisher Emanuel G $112,900 None Available
Mpl Homebuyers Llc $45,000 None Available
Us Bank National Asscociation $1,917 None Available
Colon Salvador $65,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locust Lane Enterprises Llc $288,000
Previous Owner Blank Eli E $262,000
Previous Owner Fisher Emanuel G $90,320
Previous Owner Mpl Homebuyers Llc $65,000
Previous Owner Colon Salvador $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $266,750 -3.6% $110 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
05/04/2021 05/04/21 Price Changed $276,750 +2.5% $115 / Sq Ft
04/26/2021 04/26/21 Price Changed $269,900 -3.6% $112 / Sq Ft
04/16/2021 04/16/21 For Sale $280,000 +522.2% $116 / Sq Ft
09/12/2013 09/12/13 Sold $45,000 0.0% $19 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $45,000 -- $19 / 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 $1,488 $46,200 $7,000 $39,200
2024 $1,418 $46,200 $7,000 $39,200
2023 $1,418 $46,200 $7,000 $39,200
2022 $1,395 $46,200 $7,000 $39,200
2021 $1,347 $46,200 $7,000 $39,200
2020 $1,347 $46,200 $7,000 $39,200
2019 $1,328 $46,200 $7,000 $39,200
2018 $1,290 $46,200 $7,000 $39,200
2017 $364 $46,200 $7,000 $39,200
2016 $1,255 $46,200 $7,000 $39,200
2015 $863 $46,200 $7,000 $39,200
2014 $863 $46,200 $7,000 $39,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN118776

Bright MLS

APN: 07-2336638-371485-0000