NOT LISTED FOR SALE

110 Wayne Ave Hanover, PA 17331

Estimated Value: $223,507 - $248,000

Studio
2 Baths
2,550 Sq Ft
$92/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $150,000 $59 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,483/month

18 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Wood Frame Window
  • Wood Flooring
  • Additional Land
  • Paneling

About This Home

As of June 2021

Investors take a look at this property. 2 Units - one with 4 bedrooms, the other with 2 bedrooms. Nice return on your investment. Good income plus long term tenants. Each unit has separate electric, separate heat, tenant's pay garbage, and each unit has a laundry hook up. Owner pays water & sewer @ $1089. year, insurance of $894 a year and property taxes of $2794. per year. Plenty of off street parking available.

Last Agent to Sell the Property

Todd Grim

(717) 873-1111 tgrim1111@gmail.com RE/MAX Quality Service, Inc. License #RS167535L Listed on: 04/30/2021

RE/MAX Quality Service, Inc.

Co-Listed By

Rob Thomassy

(717) 476-1779 rthomassy@earthlink.net RE/MAX Quality Service, Inc. License #RS202330L

Last Buyer's Agent

Dwayne 717-476-3277

(717) 476-3277 dwaynedull@earthlink.net RE/MAX Quality Service, Inc. License #RS281021

RE/MAX Quality Service, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,849

Year Built

  • Built in 1958

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 80 x 150
  • Level Lot
  • Front Yard
  • Additional Land
  • Property is in average condition

Home Design

  • Duplex
  • Colonial Architecture
  • Converted Dwelling
  • Plaster Walls
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,550 Sq Ft Home
  • Paneling
  • Ceiling Fan
  • Insulated Windows
  • Wood Frame Window
  • Dining Area
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Built-In Microwave

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces
  • Stone Driveway
  • Paved Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Powered By Leased Propane
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes, water
  • Tax Lot 0303
  • Assessor Parcel Number 44-000-02-0303-00-00000

Community Details

Overview

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

Building Details

  • Income includes apartment rentals
  • Insurance Expense $894
  • Net Operating Income $16,522

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,849

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Tenants Washer & Dryer
  • Inclusions: 2 Stoves, 2 Refrigerators, & 2 Microwaves
  • New Construction: No
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator
  • Flooring Type: Laminated, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Dining Area, Wood Floors
  • Window Features: Insulated, Wood Frame
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Paneled Walls, Plaster Walls
  • Basement: No
  • Total Sq Ft: 2550
  • Living Area Sq Ft: 2550
  • Price Per Sq Ft: 70.55
  • Above Grade Finished Sq Ft: 2550
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding, Block
  • Road Surface Type: Black Top, Paved
  • Roof: Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway, Paved Parking, Stone Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric, Propane - Leased
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 62730.00
  • Land Assessed Value: 30310.00
  • Lot Features: Additional Lot(s), Front Yard, Level, Road Frontage
  • Lot Size Acres: 0.32
  • Lot Dimensions: 80 x 150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13800.00
  • Property Condition: Average
  • Soil Types: Unknown
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 21300.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10840876
  • School Tax: 1891.00
  • Tax Annual Amount: 2849.00
  • Assessor Parcel Number: 44-000-02-0303-00-00000
  • Tax Lot: 0303
  • Tax Page Number: 552
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Income: 21300.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: SOUTH WESTERN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jun 24, 2021
Sold by
King Jeremy S and King Jayme
Bought by
Miller Daniel Philip and Miller Tracy Lynn
Seller's Agent
Todd Grim
RE/MAX Quality Service, Inc.
Buyer's Agent
Dwayne 717-476-3277
RE/MAX Quality Service, Inc.
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%
Current Estimated Value
$233,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,877
Avg. Annual Appreciation
10.30%
Original Mortgage
$112,500
Outstanding Balance
$101,855
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$132,022

Purchase Details

Closed on
Sep 19, 2014
Sold by
Gross Robert J
Bought by
King Jeremy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
4.14%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 14, 1978
Bought by
Gross Robert J
Source: Public Records
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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
Miller Daniel Philip $150,000 Quality Service Stlmts Llc
King Jeremy S $70,000 None Available
Gross Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Daniel Philip $112,500
Previous Owner King Jeremy S $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $150,000 -16.6% $59 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $179,900 -- $71 / 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 $3,135 $93,040 $30,310 $62,730
2024 $3,135 $93,040 $30,310 $62,730
2023 $3,080 $93,040 $30,310 $62,730
2022 $3,014 $93,040 $30,310 $62,730
2021 $2,849 $93,040 $30,310 $62,730
2020 $2,849 $93,040 $30,310 $62,730
2019 $2,794 $93,040 $30,310 $62,730
2018 $2,757 $93,040 $30,310 $62,730
2017 $2,694 $93,040 $30,310 $62,730
2016 $0 $93,040 $30,310 $62,730
2015 -- $93,040 $30,310 $62,730
2014 -- $93,040 $30,310 $62,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAYK157424

Bright MLS

APN: 44-000-02-0303.00-00000