NOT LISTED FOR SALE

114 Ridge Rd Palmyra, PA 17078

Estimated Value: $355,000 - $373,350

-- Bed
3 Baths
2,997 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $275,000 $92 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,344/month

Highlights

  • 1 Fireplace
  • No HOA
  • Satellite Dish
  • Palmyra Area Senior High School Rated 9+
  • Hot Water Heating System

About This Home

As of August 2021

All brick three-unit investment opportunity in the Palmyra School District. Main level unit has 2 bedrooms and the top and bottom units are each 1 bedroom. All units have been well maintained. Parking area in the rear. Live in one unit and rent the others.

Last Agent to Sell the Property

Joshua Shope

(717) 823-1313 josh.shope@cbhomes.com Coldwell Banker Realty Listed on: 06/28/2021

Coldwell Banker Realty

Co-Listed By

Nick Devitz

(717) 507-3040 nick@devitzservices.com Coldwell Banker Realty License #RS322558

Last Buyer's Agent

Joyce Reitz

(717) 273-5501 joycereitz@remax.net RE/MAX Cornerstone License #RS175747L

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,108

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,997 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Dishwasher

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Satellite Dish

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 16-2287387-361154-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,108

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-06-28
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Oven - Single, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2997
  • Living Area Sq Ft: 2997
  • Price Per Sq Ft: 83.42
  • Above Grade Finished Sq Ft: 2997
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Satellite Dish
  • 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
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 143300.00
  • Land Assessed Value: 40200.00
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10318444
  • School Tax: 2870.00
  • Tax Annual Amount: 4108.00
  • Assessor Parcel Number: 16-2287387-361154-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Aug 9, 2021
Sold by
Welker Andrew J
Bought by
Grassy Moutnain Realty Llc
Seller's Agent
Joshua Shope
Coldwell Banker Realty
Buyer's Agent
Joyce Reitz
RE/MAX Cornerstone
List Price
$250,000
Sold Price
$275,000
Premium/Discount to List
$25,000
10%
Current Estimated Value
$364,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,338
Avg. Annual Appreciation
6.91%
Original Mortgage
$220,000
Outstanding Balance
$199,747
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$164,591

Purchase Details

Closed on
Dec 29, 2004
Sold by
Welker Jeremiah C and Welker Charles E
Bought by
Welker Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Grassy Moutnain Realty Llc $275,000 Edge Abstract Indepedence Ll
Welker Andrew J $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grassy Moutnain Realty Llc $220,000
Previous Owner Welker Andrew J $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $275,000 +10.0% $92 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $250,000 -- $83 / 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 $5,244 $183,500 $40,200 $143,300
2024 $4,632 $183,500 $40,200 $143,300
2023 $4,632 $183,500 $40,200 $143,300
2022 $4,419 $183,500 $40,200 $143,300
2021 $4,108 $183,500 $40,200 $143,300
2020 $4,056 $183,500 $40,200 $143,300
2019 $3,969 $183,500 $40,200 $143,300
2018 $3,843 $183,500 $40,200 $143,300
2017 $1,138 $183,500 $40,200 $143,300
2016 $3,608 $183,500 $40,200 $143,300
2015 -- $183,500 $40,200 $143,300
2014 -- $183,500 $40,200 $143,300
Source: Public Records

Agents Affiliated with this Home

  • Joshua Shope

    Seller's Agent in 2021

    Joshua Shope

    Coldwell Banker Realty

    (717) 823-1313

    23 in this area

    302 Total Sales

    Joshua Shope
    Section Image
  • Nick Devitz

    Seller Co-Listing Agent in 2021

    Nick Devitz

    Coldwell Banker Realty

    (717) 507-3040

    14 in this area

    170 Total Sales

    Nick Devitz
    Section Image
  • Joyce Reitz

    Buyer's Agent in 2021

    Joyce Reitz

    RE/MAX

    (717) 273-5501

    4 in this area

    20 Total Sales

    Joyce Reitz
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN119378

Bright MLS

APN: 16-2287387-361154-0000

Pennsylvania Lebanon County Palmyra 17078

114 Ridge Rd, Palmyra, PA

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