NOT LISTED FOR SALE

117 N Railroad St Palmyra, PA 17078

Estimated Value: $191,751 - $279,000

-- Bed
1 Bath
1,184 Sq Ft
$193/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $45,000 $38 Per Sq Ft

Est. 409% increase in value since last sale

Current estimated payment $1,401/month

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Club Fido
  • Palmyra Area Senior High School Rated 9+

About This Home

As of February 2016

Palmyra two unit. Finish renovation, split water, and heat and boost return. 119 is rented. 117 is partly dismantled, prepped for renovation. Kitchen cabinets and kit flooring new in 117. Separate unit electric. Two electric hot water heaters. PA Amer.water is ready to be split and metered separately. Projected 15% Cap Rate. based on estimated Income and Expenses.

Last Agent to Sell the Property

David Simpson

(717) 272-3000 Sold@DaveSimpson.Realtor Suburban Realty License #AB042350A Listed on: 11/09/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 30x233
  • Property is in good condition

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Metal Roof

Attic

  • Storage In Attic

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for hot water, electricity
  • Assessor Parcel Number 16-2289983-357449

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Palmyra Borough Subdivision

Building Details

  • Income includes apartment rentals
  • Electric Expense $390
  • Insurance Expense $800
  • Operating Expense $4,390
  • Net Operating Income $7,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Storage: Attic, Basement
  • Year Built: 1900
  • Remarks Public: Palmyra two unit. Finish renovation, split water, and heat and boost return. 119 is rented. 117 is partly dismantled, prepped for renovation. Kitchen cabinets and kit flooring new in 117. Separate unit electric. Two electric hot water heaters. PA Amer.water is ready to be split and metered separately. Projected 15% Cap Rate. based on estimated Income and Expenses.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 117-119

Exterior Features

  • Construction Materials: Frame
  • Construction Completed: No
  • Roof: Composite, Shingle, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 2.00
  • Type Of Parking: Off Street

Utilities

  • Annual Heating Expense: 1800.00
  • Central Air Conditioning: No
  • Electric Expense: 390.00
  • Electric Service: 100 Amp Service
  • Heating Type: Forced Air, Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PALMYRA AREA
  • School District Key: 300200397383

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 30x233
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10319556
  • School Tax: 1138.38
  • Tax Annual Amount: 1533.49
  • Assessor Parcel Number: 16-2289983-357449
  • County Tax Payment Frequency: Annually
  • Close Date: 02/01/2016

Multi Family

  • Gross Income: 13500.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4390.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Feb 1, 2016
Sold by
Rhine David P
Bought by
Hartman Jeremy A
Seller's Agent
David Simpson
Suburban Realty
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%
Current Estimated Value
$228,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,917
Avg. Annual Appreciation
18.18%
Original Mortgage
$36,000
Outstanding Balance
$28,717
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$200,200

Purchase Details

Closed on
Sep 2, 2015
Sold by
Brinser Gerald J and Funk George E
Bought by
Rhine David P
Source: Public Records

Range of Values:

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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
Hartman Jeremy A $45,000 None Available
Rhine David P $60,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartman Jeremy A $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2016 02/01/16 Sold $45,000 -9.8% $38 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $49,900 -- $42 / 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 $2,406 $84,200 $23,400 $60,800
2024 $2,126 $84,200 $23,400 $60,800
2023 $2,126 $84,200 $23,400 $60,800
2022 $2,028 $84,200 $23,400 $60,800
2021 $1,885 $84,200 $23,400 $60,800
2020 $1,861 $84,200 $23,400 $60,800
2019 $1,821 $84,200 $23,400 $60,800
2018 $1,763 $84,200 $23,400 $60,800
2017 $522 $84,200 $23,400 $60,800
2016 $1,656 $84,200 $23,400 $60,800
2015 -- $158,200 $23,400 $134,800
2014 -- $158,200 $23,400 $134,800
Source: Public Records

Agents Affiliated with this Home

  • David Simpson

    Seller's Agent in 2016

    David Simpson

    Suburban Realty

    (717) 272-3000

    14 Total Sales

    David Simpson
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Map

Source: Bright MLS

MLS Number: 1002737175

Bright MLS

APN: 16-2289983-357449-0000

Pennsylvania Lebanon County Palmyra 17078

117 N Railroad St, Palmyra, PA

This home is located at 117 N Railroad St, Palmyra, PA 17078 since 09 November 2015 and is currently estimated at $228,917, approximately $193 per square foot. This property was built in 1900. 117 N Railroad St is a home located in Lebanon County with nearby schools including Palmyra Area Senior High School.

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