NOT LISTED FOR SALE

115 E Main St Palmyra, PA 17078

Estimated Value: $397,740

Studio
-- Bath
1,794 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2017

Last sale price $151,000 $84 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $2,619 / mo

70 Days on Market

Highlights

  • Deck
  • Attic
  • Porch
  • Palmyra Area Senior High School Rated A-
  • No HOA
  • Outdoor Storage

About This Home

As of February 2017

Excellent investment potential in Central Business District of Palmyra. Commercial, mixed-use building has office/retail space on main level that is handicap accessible. Upper level is very nice 2 BR apartment. Owner has successfully appealed tax assessment reflected here. New assessment will be reduced from $282,000 to $192,000, effectively increasing Annual Net Income shown here by approximately $1,300. Many updates and well-maintained. Trash removal expense includes trash & sewer.

Last Agent to Sell the Property

Dave White

(717) 591-5555 davewhitesellshomes@gmail.com RE/MAX 1st Advantage License #AB0677200 Listed on: 11/02/2016

RE/MAX 1st Advantage

Last Buyer's Agent

Andrea Spigelmeyer

(717) 534-2442 jon.bomberger@cbrealty.com Coldwell Banker Realty License #RS174438L

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 44 x 208

Parking

  • Off-Street Parking

Home Design

  • 1,794 Sq Ft Home
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Schools

  • Palmyra Area High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Cable TV Available

Additional Features

  • Attic

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water
  • The owner pays for insurance, real estate taxes, repairs
  • Assessor Parcel Number 16-2290868-357384

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,628
  • Trash Expense $1,016
  • Operating Expense $7,694
  • Net Operating Income $15,106

Property Details

Home Type

Multi-Family

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Attic
  • Fireplace: No
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Hookup
  • Total Sq Ft: 1794
  • Living Area Sq Ft: 1794
  • Price Per Sq Ft: 100.33
  • Above Grade Finished Sq Ft: 1794
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Secure Storage
  • Roof: Fiberglass, Asphalt
  • 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: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Oil
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • High School: PALMYRA AREA

Lot Info

  • Lot Dimensions: 44 x 208
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Zoning Description: Cen Bus Dist,Commercial

Rental Info

  • Owner Pays: Insurance, Taxes - Real Estate, Repairs
  • Tenant Pays: Electricity, Heat, Hot Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 22800.00
  • Metering: Fully Separate
  • Operating Expense: 7694.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 5050.00
  • Assessor Parcel Number: 16-2290868-357384
  • Tax Year: 2015

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2016
Closed on
Feb 15, 2017
Sold by
Light Diane R
Bought by
Mathias Brandon J
Seller's Agent
Dave White
RE/MAX 1st Advantage
Buyer's Agent
Andrea Spigelmeyer
Coldwell Banker Realty
List Price
$180,000
Sold Price
$151,000
Premium/Discount to List
-$29,000
-16.11%
Current Estimated Value
$397,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,740
Avg. Annual Appreciation
10.88%
Original Mortgage
$71,000
Interest Rate
4.12%
Mortgage Type
Seller Take Back
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Mathias Brandon J $151,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed Mathias Brandon J $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2017 02/22/17 Sold $151,000 -16.1% $84 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
11/02/2016 11/02/16 For Sale $180,000 0.0% $100 / Sq Ft
07/01/2016 07/01/16 Rented $700 0.0% --
06/20/2016 06/20/16 Under Contract -- -- --
05/27/2016 05/27/16 For Rent $700 -- --
Source: Bright MLS

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
2026 $5,558 $192,000 $37,100 $154,900
2025 $5,487 $192,000 $37,100 $154,900
2024 $4,847 $192,000 $37,100 $154,900
2023 $305 $192,000 $37,100 $154,900
2022 $291 $192,000 $37,100 $154,900
2021 $271 $192,000 $37,100 $154,900
2020 $4,244 $192,000 $37,100 $154,900
2019 $4,152 $192,000 $37,100 $154,900
2018 $4,021 $192,000 $37,100 $154,900
2017 $1,191 $192,000 $37,100 $154,900
2016 $5,545 $282,000 $37,100 $244,900
2015 -- $282,000 $37,100 $244,900
2014 -- $282,000 $37,100 $244,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002748993

Bright MLS

APN: 16-2290868-357384-0000

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