NOT LISTED FOR SALE

113 N Mechanic St Fredericksburg, PA 17026

Estimated Value: $161,000 - $249,000

-- Bed
2 Baths
2,144 Sq Ft
$96/Sq Ft Est. Value

Last Sold September 29, 2016

Last sale price $95,000 $44 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,250/month

Highlights

  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Lions Park
  • Shed

About This Home

As of September 2016

Very nice 2-unit. Each unit has 3 spacious bedrooms and washer/dryer hookup. Tenants pay heat and electric. 10% cap rate at this price. Rents are lower than they should be. Raise the rents when the leases are up and increase your income immediately! 1st Flr Lease end 8/31/16. 2nd Flr Lease ends 10/31/16.

Last Agent to Sell the Property

Wendy Wills

(717) 202-5485 wmease@kw.com Keller Williams Elite License #AB066874 Listed on: 02/12/2016

Keller Williams Elite

Last Buyer's Agent

Wendy Wills

(717) 202-5485 wmease@kw.com Keller Williams Elite License #AB066874 Listed on: 02/12/2016

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,423

Year Built

  • Built in 1938

Lot Details

  • 0.3

Parking

  • Off-Street Parking

Home Design

  • Converted Dwelling
  • Metal Roof
  • Vinyl Siding

Attic

  • Storage In Attic

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • Basement Fills Entire Space Under The House
  • 0.3 Acre Lot

Listing and Financial Details

  • Tenant pays for heat, electricity
  • Assessor Parcel Number 19-2335127-407720

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $600
  • Operating Expense $1,400
  • Net Operating Income $11,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,423

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Attic, Basement, Shed
  • Year Built: 1938
  • Remarks Public: Very nice 2-unit. Each unit has 3 spacious bedrooms and washer/dryer hookup. Tenants pay heat and electric. 10% cap rate at this price. Rents are lower than they should be. Raise the rents when the leases are up and increase your income immediately! 1st Flr Lease end 8/31/16. 2nd Flr Lease ends 10/31/16.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 113

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Type: Forced Air, Oil
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 800.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: NORTHERN LEBANON
  • School District Key: 300200397011

Lot Info

  • Lot Size Acres: 0.30
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10323870
  • School Tax: 1094.85
  • Tax Annual Amount: 1422.98
  • Assessor Parcel Number: 19-2335127-407720
  • County Tax Payment Frequency: Annually
  • Close Date: 09/29/2016

Multi Family

  • Gross Income: 14400.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 1400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: NORTHERN LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
Sep 29, 2016
Sold by
Dietz Ruth B
Bought by
Gretzula Therese A
Seller's Agent
Wendy Wills
Keller Williams Elite
Buyer's Agent
Wendy Wills
Keller Williams Elite
List Price
$114,900
Sold Price
$95,000
Premium/Discount to List
-$19,900
-17.32%
Current Estimated Value
$205,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,360
Avg. Annual Appreciation
6.98%
Original Mortgage
$71,250
Outstanding Balance
$35,396
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$138,745
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
Gretzula Therese A $95,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gretzula Therese A $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2016 09/29/16 Sold $95,000 -17.3% $44 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $114,900 -- $54 / 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 $1,981 $88,300 $18,500 $69,800
2024 $1,755 $88,300 $18,500 $69,800
2023 $1,755 $88,300 $18,500 $69,800
2022 $1,699 $88,300 $18,500 $69,800
2021 $1,591 $88,300 $18,500 $69,800
2020 $1,561 $88,300 $18,500 $69,800
2019 $1,537 $88,300 $18,500 $69,800
2018 $1,502 $88,300 $18,500 $69,800
2017 $278 $84,300 $18,500 $65,800
2016 $1,392 $84,300 $18,500 $65,800
2015 -- $84,300 $18,500 $65,800
2014 -- $84,300 $18,500 $65,800
Source: Public Records

Agents Affiliated with this Home

  • Wendy Wills

    Seller's Agent in 2016

    Wendy Wills

    Keller Williams Elite

    (717) 202-5485

    1 in this area

    95 Total Sales

    Wendy Wills
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Map

Source: Bright MLS

MLS Number: 1002737685

Bright MLS

APN: 19-2335127-407720-0000

Pennsylvania Lebanon County Fredericksburg 17026

113 N Mechanic St, Fredericksburg, PA

This home is located at 113 N Mechanic St, Fredericksburg, PA 17026 since 12 February 2016 and is currently estimated at $205,360, approximately $95 per square foot. This property was built in 1938. 113 N Mechanic St is a home located in Lebanon County with nearby schools including Northern Lebanon Senior High School, Jonestown Mennonite School, and Pleasant Hill Parochial School.

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