NOT LISTED FOR SALE

1038 Columbia Ave Lancaster, PA 17603

West Lancaster Neighborhood

Estimated Value: $459,729 - $570,000

-- Bed
2 Baths
2,048 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $295,000 $144 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,430/month

Highlights

  • No HOA
  • Window Unit Cooling System
  • Outdoor Storage
  • 9 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of June 2016

Wonderful investment property. Fully leased. Long term anchor tenant. Excellent condition. Plenty of off-street parking. Good commercial signage on Columbia Ave.

Last Agent to Sell the Property

Gilbert Lyons

(717) 203-3022 gil@gillyons.com RE/MAX Pinnacle Listed on: 02/17/2016

RE/MAX Pinnacle

Last Buyer's Agent

Gilbert Lyons

(717) 203-3022 gil@gillyons.com RE/MAX Pinnacle Listed on: 02/17/2016

RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,565

Year Built

  • Built in 1924

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 43 x 201

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Parking

  • 9 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking
  • Off-Street Parking

Schools

  • Buchanan Elementary School
  • Wheatland Middle School
  • Mccaskey Campus High School

Utilities

  • Window Unit Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • Basement Fills Entire Space Under The House
  • Outdoor Storage

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3406919000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Hamilton Park Subdivision

Building Details

  • Income includes apartment rentals, professional offices
  • Electric Expense $200
  • Insurance Expense $1,068
  • Maintenance Expense $1,500
  • Other Expense $400
  • Trash Expense $240
  • Operating Expense $4,708
  • Net Operating Income $19,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,565

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Current Use: Office
  • New Construction: No
  • Other Expense: 400.00
  • Storage: Basement, Garage
  • Year Built: 1924
  • Remarks Public: Wonderful investment property. Fully leased. Long term anchor tenant. Excellent condition. Plenty of off-street parking. Good commercial signage on Columbia Ave.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Fully Finished, Full
  • Street Number Modifier: 1038

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Secure Storage
  • Roof: Composite, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Spaces Total: 9.00
  • Type Of Parking: Off Street, On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Electric Expense: 200.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • Elementary School: BUCHANAN
  • Middle School: WHEATLAND
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • Elementary School: BUCHANAN
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: WHEATLAND

Lot Info

  • Land Use Code: C-2
  • Lot Size Acres: 0.23
  • Lot Dimensions: 43 x 201
  • Zoning: COMMERCIAL 2
  • Zoning Description: Commercial
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4076692
  • School Tax: 3937.71
  • Tax Annual Amount: 4564.98
  • Assessor Parcel Number: 3406919000000
  • County Tax Payment Frequency: Annually
  • Close Date: 06/17/2016

Multi Family

  • Gross Income: 29100.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Metering: Fully Separate
  • Operating Expense: 4708.00
  • 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
Feb 17, 2016
Closed on
Jun 16, 2016
Sold by
Hoffard Joseph B
Bought by
Tc Real Estate Llc
Seller's Agent
Gilbert Lyons
RE/MAX Pinnacle
Buyer's Agent
Gilbert Lyons
RE/MAX Pinnacle
List Price
$305,000
Sold Price
$295,000
Premium/Discount to List
-$10,000
-3.28%
Current Estimated Value
$524,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,932
Avg. Annual Appreciation
7.07%
Original Mortgage
$221,250
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2008
Sold by
Leed Ann L
Bought by
Andrejev Susan E and Hoffard Joseph B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,100
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2005
Sold by
Leed Robert H and Leed Ann L
Bought by
Leed Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.85%
Mortgage Type
New Conventional
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
Tc Real Estate Llc $295,000 None Available
Andrejev Susan E $263,000 None Available
Leed Ann L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cray Scott $611,240
Closed Tc Real Estate Llc $221,250
Previous Owner Andrejev Susan E $162,100
Previous Owner Leed Ann L $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2016 06/17/16 Sold $295,000 -3.3% $144 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $305,000 -- $149 / 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 $7,599 $263,500 $62,100 $201,400
2024 $7,599 $263,500 $62,100 $201,400
2023 $7,424 $263,500 $62,100 $201,400
2022 $6,981 $263,500 $62,100 $201,400
2021 $6,770 $263,500 $62,100 $201,400
2020 $6,770 $263,500 $62,100 $201,400
2019 $6,627 $263,500 $62,100 $201,400
2018 $5,620 $263,500 $62,100 $201,400
2017 $4,731 $144,700 $31,400 $113,300
2016 $4,644 $144,700 $31,400 $113,300
2015 $627 $144,700 $31,400 $113,300
2014 $3,860 $144,700 $31,400 $113,300
Source: Public Records

Agents Affiliated with this Home

  • Gilbert Lyons

    Seller's Agent in 2016

    Gilbert Lyons

    RE/MAX

    (717) 203-3022

    48 in this area

    137 Total Sales

    Gilbert Lyons
    Section Image
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Map

Source: Bright MLS

MLS Number: 1005911885

Bright MLS

APN: 340-69190-0-0000

Pennsylvania Lancaster County Lancaster 17603 West Lancaster

1038 Columbia Ave, Lancaster, PA

This home is located at 1038 Columbia Ave, Lancaster, PA 17603 since 17 February 2016 and is currently estimated at $524,932, approximately $256 per square foot. This property was built in 1924. 1038 Columbia Ave is a home located in Lancaster County with nearby schools including Smith-Wade-El Elementary School, Wheatland Middle School, and McCaskey High School.

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