NOT LISTED FOR SALE

1177 Gypsy Hill Rd Lancaster, PA 17602

Estimated Value: $427,000 - $2,084,327

54.38 Acres
$25,753 Price per Acre
2,368,793 Sq Ft Lot

Last Sold August 18, 2014

Last sale price $1,571,000

Est. 11% decrease in value since last sale

Current estimated payment $8,252/month

11 Days on Market

Highlights

  • Barn
  • View of Trees or Woods
  • Secluded Lot
  • Lampeter Elementary School Rated A-
  • 54.38 Acre Lot
  • No HOA

About This Lot

As of August 2014

Highly productive agricultural operation located in West Lampeter Township. The property boasts a 4,400-head hog-finishing barn, 1.6 million gallons of manure storage, a 2,800 square foot tenant house, and 37 tillable acres. The also features an operational methane digester that generates revenue via related leases, provides power for the farm & is sold to PPL.

Last Agent to Sell the Property

Paul Boronow

William Penn Real Estate Assoc Listed on: 07/14/2014

Last Buyer's Agent

Paul Boronow

William Penn Real Estate Assoc Listed on: 07/14/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,481

Lot Details

  • 54.38 Acre Lot
  • Partially Fenced Property
  • Barbed Wire
  • Secluded Lot
  • Open Lot
  • Irregular Lot
  • Cleared Lot
  • The property's topography is hilly, level, sloped

Property Views

  • Woods
  • Pasture

Farming

  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3209385800000

Property Details

Property Type

Land

Est. Annual Taxes

$16,481

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agriculture, Residential, Livestock
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 0.78

Exterior Features

  • Other Structures List: Barn
  • Construction Completed: No
  • View: Pasture, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Fencing: Barbed Wire, Partially
  • Improvement Assessed Value: 290200.00
  • Lot Features: Cleared, Irregular, Open, Secluded
  • Lot Size Acres: 54.38
  • Lot Size Area: 2368793
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2368793.00
  • Possible Use: Agriculture, Livestock, Residential
  • Topography: Hilly, Level, Sloped
  • Year Assessed: 2013
  • Zoning: RESIDENT
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4055516
  • Tax Annual Amount: 16481.37
  • Assessor Parcel Number: 3209385800000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 08/18/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2014
Closed on
Aug 18, 2014
Sold by
Rocky Knoll Lp
Bought by
Farmquest Properties Lp
Seller's Agent
Paul Boronow
William Penn Real Estate Assoc
Buyer's Agent
Paul Boronow
William Penn Real Estate Assoc
List Price
$1,850,000
Sold Price
$1,571,250
Premium/Discount to List
-$278,750
-15.07%
Current Estimated Value
$1,400,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$170,808
Avg. Annual Appreciation
-1.04%
Original Mortgage
$1,257,000
Outstanding Balance
$964,028
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$436,414

Purchase Details

Closed on
Jun 6, 2002
Sold by
Rocky Knoll Ltd Partnership
Bought by
Wright Jeffery D and Wright Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 8, 2001
Sold by
Keener Enterprises
Bought by
Rocky Knoll Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.08%
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
Farmquest Properties Lp $1,061,250 None Available
Wright Jeffery D $58,275 --
Rocky Knoll Ltd Partnership $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmquest Properties Lp $1,257,000
Previous Owner Rocky Knoll Lp $400,000
Previous Owner Rocky Knoll Ltd Partnership $200,000
Previous Owner Rocky Knoll Ltd Partnership $25,000
Previous Owner Rocky Knoll Ltd Partnership $50,000
Closed Rocky Knoll Ltd Partnership $57,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2014 08/18/14 Sold $1,571,000 0.0% $561 / Sq Ft
08/18/2014 08/18/14 Sold $1,571,250 0.0% $561 / Sq Ft
08/18/2014 08/18/14 Sold $1,571,250 -15.1% --
07/25/2014 07/25/14 Pending -- -- --
07/25/2014 07/25/14 Pending -- -- --
07/25/2014 07/25/14 Pending -- -- --
07/14/2014 07/14/14 For Sale $1,850,000 -5.1% --
04/18/2014 04/18/14 For Sale $1,950,000 -11.4% $696 / Sq Ft
02/25/2014 02/25/14 For Sale $2,200,000 -- $786 / 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 $7,631 $969,100 $687,300 $281,800
2024 $7,631 $969,100 $687,300 $281,800
2023 $7,463 $969,100 $687,300 $281,800
2022 $7,350 $969,100 $687,300 $281,800
2021 $7,176 $969,100 $687,300 $281,800
2020 $7,176 $969,100 $687,300 $281,800
2019 $7,079 $969,100 $687,300 $281,800
2018 $5,741 $969,100 $687,300 $281,800
2017 $17,098 $679,000 $388,800 $290,200
2016 $17,097 $679,000 $388,800 $290,200
2015 $1,814 $679,000 $388,800 $290,200
2014 $6,949 $679,000 $388,800 $290,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003089478

Bright MLS

APN: 320-93858-0-0000