NOT LISTED FOR SALE

122 E High St Unit 101 Elizabethtown, PA 17022

Estimated Value: $268,000 - $278,304

-- Bed
3 Baths
2,133 Sq Ft
$128/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $250,000 $117 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,737/month

355 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • Back Yard

About This Home

As of July 2023

This 3-unit dwelling provides an ideal investment opportunity in the heart of Elizabethtown. Located just steps away from many shops, restaurants, and Elizabethtown College. Zoning is central business district. Property is well maintained and includes 3 separate residential living units. Two units have long-term tenants on month-to-month leases. The third unit has new paint, new kitchen flooring, and has recently been rented. Present rents are below market value, with potential gross income estimated to be well above the present amount. Professionally managed investment property that is turn-key and ready to go.

Last Agent to Sell the Property

Gerald Eberly

(717) 203-0444 geberly@ptd.net Horning Farm Agency Inc Listed on: 06/01/2022

Last Buyer's Agent

Gerald Eberly

(717) 203-0444 geberly@ptd.net Horning Farm Agency Inc Listed on: 06/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,547

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • 2,133 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Side-by-Side
  • Frame Construction

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 250-91324-0-0000

Community Details

Overview

  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,365
  • Net Operating Income $20,831

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,547

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Side-By-Side, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2133
  • Living Area Sq Ft: 2133
  • Price Per Sq Ft: 126.58
  • Above Grade Finished Sq Ft: 2133
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Zoning: CENTRAL BUSINESS DISTRICT
  • Zoning Description: See zoning for permitted commercial and residential uses.

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Taxes - Real Estate
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 2443.00
  • Tax Annual Amount: 3547.00
  • Assessor Parcel Number: 250-91324-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • Gross Income: 25620.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: ELIZABETHTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 6, 2023
Sold by
Rineer Mark W and Rineer Ruth G
Bought by
Peterson Matthew B
Seller's Agent
Gerald Eberly
Horning Farm Agency Inc
Buyer's Agent
Gerald Eberly
Horning Farm Agency Inc
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%
Views
55
Current Estimated Value
$273,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,076
Avg. Annual Appreciation
3.88%
Original Mortgage
$187,500
Outstanding Balance
$182,842
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$90,234

Purchase Details

Closed on
Jan 29, 2009
Sold by
Fink Wilbur J and Fink Miriam S
Bought by
Rineer Mark W and Rineer Ruth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,840
Interest Rate
5.2%
Mortgage Type
Purchase Money 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
Peterson Matthew B $250,000 None Listed On Document
Rineer Mark W $134,800 Conetoga Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Matthew B $187,500
Previous Owner Rineer Mark W $107,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2023 07/06/23 Sold $250,000 0.0% $117 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
10/31/2022 10/31/22 Off Market $250,000 -- --
07/22/2022 07/22/22 Price Changed $270,000 -12.9% $127 / Sq Ft
06/01/2022 06/01/22 For Sale $310,000 -- $145 / 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 $3,687 $131,300 $29,800 $101,500
2024 $3,687 $131,300 $29,800 $101,500
2023 $3,548 $131,300 $29,800 $101,500
2022 $3,424 $131,300 $29,800 $101,500
2021 $3,204 $131,300 $29,800 $101,500
2020 $3,204 $131,300 $29,800 $101,500
2019 $3,140 $131,300 $29,800 $101,500
2018 $2,180 $131,300 $29,800 $101,500
2017 $3,306 $113,100 $30,300 $82,800
2016 $3,295 $113,100 $30,300 $82,800
2015 $1,044 $113,100 $30,300 $82,800
2014 $2,078 $113,100 $30,300 $82,800
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    Gerald Eberly

    Horning Farm Agency Inc

    (717) 203-0444

    1 in this area

    3 Total Sales

    Gerald Eberly
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Map

Source: Bright MLS

MLS Number: PALA2018744

Bright MLS

APN: 250-91324-0-0000

Pennsylvania Lancaster County Elizabethtown 17022

122 E High St Unit 101, Elizabethtown, PA

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