NOT LISTED FOR SALE

118 E Locust St Ephrata, PA 17522

Estimated Value: $390,000 - $514,000

-- Bed
2 Baths
2,704 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $365,000 $135 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,891/month

Highlights

  • Contemporary Architecture
  • No HOA
  • Hot Water Heating System

About This Home

As of June 2021

A rare find in a country location of Ephrata, a multi unit dwelling with 3 apartments and garage space fully occupied. All apartments have new plank flooring and updated appliances, new furnace in 118 Locust and updated electric heat in the other two units. This unit comes with little to no work needed from a new owner. A must see to add to your rental portfolio.

Last Agent to Sell the Property

Kim Latshaw

(717) 341-5081 kim@focusrealtypa.com Focus Realty LLC License #RM424017 Listed on: 03/17/2021

Co-Listed By

Joel Latshaw

(717) 341-5084 joel.latshaw@gmail.com Focus Realty LLC License #RS342033

Last Buyer's Agent

Richard Stauffer

(717) 989-4390 rlstauffer@rlsre.net RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,851

Year Built

  • Built in 1935

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 2,704 Sq Ft Home
  • Partial Basement

Schools

  • Ephrata High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, insurance
  • Assessor Parcel Number 260-88103-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,379
  • Net Operating Income $29,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,851

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 3 stoves, 3 Refrigerators, 3 Dishwashers, 3 Microwaves
  • New Construction: No
  • Year Built: 1935
  • Automatically Close On Close Date: No
  • Remarks Public: A rare find in a country location of Ephrata, a multi unit dwelling with 3 apartments and garage space fully occupied. All apartments have new plank flooring and updated appliances, new furnace in 118 Locust and updated electric heat in the other two units. This unit comes with little to no work needed from a new owner. A must see to add to your rental portfolio.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room Count: 19
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2704
  • Living Area Sq Ft: 2704
  • Price Per Sq Ft: 134.99
  • Above Grade Finished Sq Ft: 2704
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 118

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: EPHRATA AREA
  • High School: EPHRATA
  • High School Source: Listing Agent
  • School District Key: 300200397381
  • School District Source: Listing Agent
  • High School: EPHRATA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 219400.00
  • Land Assessed Value: 47500.00
  • Land Use Code: 579
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Year Assessed: 2021
  • Zoning: MIXED USE

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Taxes - Real Estate, Insurance
  • Rent Control: No
  • Total Actual Rent: 36240.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4027041
  • School Tax: 4604.00
  • Tax Annual Amount: 5851.00
  • Assessor Parcel Number: 260-88103-0-0000
  • Tax Total Finished Sq Ft: 2704
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/10/2021

Multi Family

  • Gross Income: 36240.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: EPHRATA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Jun 10, 2021
Sold by
Stoltzfus Benuel E and Stoltzfus Katie Ann
Bought by
Good Samaritan Services
Seller's Agent
Kim Latshaw
Focus Realty LLC
Buyer's Agent
Richard Stauffer
RE/MAX Pinnacle
List Price
$365,000
Sold Price
$365,000
Current Estimated Value
$449,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,311
Avg. Annual Appreciation
4.85%
Original Mortgage
$280,000
Outstanding Balance
$253,505
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$195,806

Purchase Details

Listed on
Sep 5, 2018
Closed on
Dec 20, 2018
Sold by
Myers Georgia
Bought by
Stoltzfus Benuel E and Stoltzfus Katie Ann
Seller's Agent
Ryan Myers
BHHS Fox & Roach-West Chester
Buyer's Agent
Elvin Stoltzfus
Beiler-Campbell Realtors-Quarryville
List Price
$385,000
Sold Price
$308,000
Premium/Discount to List
-$77,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$246,400
Interest Rate
4.9%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Good Samaritan Services $365,000 Regal Abstract Lancaster Cit
Stoltzfus Benuel E $308,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Good Samaritan Services $280,000
Previous Owner Stoltzfus Benuel E $246,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2021 06/10/21 Sold $365,000 0.0% $135 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $365,000 +18.5% $135 / Sq Ft
12/20/2018 12/20/18 Sold $308,000 -6.6% $114 / Sq Ft View Prior Sale
11/06/2018 11/06/18 Pending -- -- --
10/17/2018 10/17/18 Price Changed $329,900 -5.5% $122 / Sq Ft
09/17/2018 09/17/18 Price Changed $349,000 -9.4% $129 / Sq Ft
09/05/2018 09/05/18 For Sale $385,000 -- $142 / 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 $6,420 $267,700 $47,500 $220,200
2024 $6,420 $267,700 $47,500 $220,200
2023 $5,995 $267,700 $47,500 $220,200
2022 $2,895 $129,300 $47,500 $81,800
2021 $5,851 $266,900 $47,500 $219,400
2020 $5,851 $266,900 $47,500 $219,400
2019 $5,771 $266,900 $47,500 $219,400
2018 $4,524 $266,900 $47,500 $219,400
2017 $5,192 $196,200 $54,700 $141,500
2016 $5,151 $196,200 $54,700 $141,500
2015 $1,139 $196,200 $54,700 $141,500
2014 $3,846 $196,200 $54,700 $141,500
Source: Public Records

Agents Affiliated with this Home

  • Kim Latshaw

    Seller's Agent in 2021

    Kim Latshaw

    Focus Realty LLC

    (717) 341-5081

    25 in this area

    53 Total Sales

    Kim Latshaw
    Section Image
  • Joel Latshaw

    Seller Co-Listing Agent in 2021

    Joel Latshaw

    Focus Realty LLC

    (717) 341-5084

    5 in this area

    24 Total Sales

    Joel Latshaw
    Section Image

  • R

    Buyer's Agent in 2021

    Richard Stauffer

    RE/MAX

    (717) 989-4390

    1 in this area

    2 Total Sales

    Richard Stauffer
    Section Image

  • R

    Seller's Agent in 2018

    Ryan Myers

    BHHS Fox & Roach

    Section Image
  • Elvin Stoltzfus

    Buyer's Agent in 2018

    Elvin Stoltzfus

    Beiler-Campbell Realtors-Quarryville

    (610) 333-5447

    3 in this area

    180 Total Sales

    Elvin Stoltzfus
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA178854

Bright MLS

APN: 260-88103-0-0000

Pennsylvania Lancaster County Ephrata 17522

118 E Locust St, Ephrata, PA

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