NOT LISTED FOR SALE

1024 Lehman St Lebanon, PA 17046

Estimated Value: $162,000 - $205,000

-- Bed
3 Baths
2,168 Sq Ft
$86/Sq Ft Est. Value

Last Sold April 04, 2014

Last sale price $42,000 $19 Per Sq Ft

Est. 394% increase in value since last sale

Current estimated payment $1,333/month

78 Days on Market

Highlights

  • Newly Remodeled
  • Outdoor Storage
  • 5-minute walk to Monument Park
  • No HOA
  • Heating Available

About This Home

As of April 2014

Cant beat the CASH FLOW with this low maintenance 2-unit. Section 8 approved; has 1020 sq ft; with 2 bedrooms and 1 bath. Currently rented; stable tenants with good track records; only 5% vacancy rate over 10-yr period! Tenants pay electric and heat; landlord pays water, sewer, and trash. Updated Electric and new hot water heaters. Detailed income-expense reports upon request.

Last Agent to Sell the Property

Karen Detwiler

Berkshire Hathaway HomeServices Homesale Realty License #AB068809 Listed on: 01/02/2014

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Karen Detwiler

Berkshire Hathaway HomeServices Homesale Realty License #AB068809 Listed on: 01/02/2014

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927 | Newly Remodeled

Lot Details

  • 4,356

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Vinyl Siding

Attic

  • Storage In Attic

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Heating Available
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Outdoor Storage
  • 4,356 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 06-581A-041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $507
  • Trash Expense $500
  • Operating Expense $1,791
  • Net Operating Income $11,183

Property Details

Home Type

Multi-Family

Year Built

Built in 1927 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: Yes
  • Storage: Attic, Basement
  • Year Built: 1927
  • Remarks Public: Cant beat the CASH FLOW with this low maintenance 2-unit. Section 8 approved; has 1020 sq ft; with 2 bedrooms and 1 bath. Currently rented; stable tenants with good track records; only 5% vacancy rate over 10-yr period! Tenants pay electric and heat; landlord pays water, sewer, and trash. Updated Electric and new hot water heaters. Detailed income-expense reports upon request.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Unfinished
  • Street Number Modifier: 1024-1026

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Secure Storage
  • Roof: Composite, Shingle, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 2.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 784.57
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: LEBANON
  • School District Key: 300200397291

Lot Info

  • Lot Size Acres: 0.10
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10310695
  • School Tax: 1066.75
  • Tax Annual Amount: 1425.68
  • Assessor Parcel Number: 06-581A-041
  • County Tax Payment Frequency: Annually
  • Close Date: 04/04/2014

Multi Family

  • Gross Income: 14400.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 1791.37
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2014
Closed on
Apr 4, 2014
Sold by
Barry Jonathan M
Bought by
Mpl Homebuyers Llc
Seller's Agent
Karen Detwiler
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Karen Detwiler
Berkshire Hathaway HomeServices Homesale Realty
List Price
$64,900
Sold Price
$42,000
Premium/Discount to List
-$22,900
-35.29%
Current Estimated Value
$207,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,668
Avg. Annual Appreciation
15.12%
Original Mortgage
$94,000
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage
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
Mpl Homebuyers Llc $42,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mpl Homebuyers Llc $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2014 04/04/14 Sold $42,000 -35.3% $19 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
01/02/2014 01/02/14 For Sale $64,900 -- $30 / 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 $2,413 $74,900 $7,000 $67,900
2024 $2,299 $74,900 $7,000 $67,900
2023 $2,299 $74,900 $7,000 $67,900
2022 $2,261 $74,900 $7,000 $67,900
2021 $2,184 $74,900 $7,000 $67,900
2020 $2,184 $74,900 $7,000 $67,900
2019 $2,153 $74,900 $7,000 $67,900
2018 $2,091 $74,900 $7,000 $67,900
2017 $590 $74,900 $7,000 $67,900
2016 $2,035 $74,900 $7,000 $67,900
2015 $1,398 $74,900 $7,000 $67,900
2014 $1,398 $74,900 $7,000 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002731173

Bright MLS

APN: 06-2336512-371362-0000