NOT LISTED FOR SALE

123 E Walnut St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $207,000 - $734,000

-- Bed
3 Baths
3,612 Sq Ft
$163/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $549,000 $152 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,865/month

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Main Floor Bedroom
  • Deck
  • Wood Flooring
  • 4-minute walk to Musser Park

About This Home

As of March 2021

Investment Opportunity!! Cash Flow and Turn Key, this (3) Unit Building is in excellent condition. Recently Remodeled in 2018 with some of the finest products, there's really no need to worry about maintenance. It's also Fully Occupied and Professionally Managed. Located on the 100 block of E Walnut Street, (2) blocks south of the Lancaster General Hospital.

Last Agent to Sell the Property

John Stoltzfus

jstoltzfusjr@gmail.com Stoltzfus Realty License #RM425371 Listed on: 12/24/2020

Last Buyer's Agent

Quentin Miller

(717) 278-2003 quentinmiller@briqhome.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,083

Year Built

  • Built in 1887 | Remodeled in 2018

Lot Details

  • 1,307 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Property is in excellent condition

Home Design

  • Triplex
  • Traditional Architecture
  • Blown-In Insulation
  • Shingle Roof
  • Metal Roof
  • Brick Front
  • CPVC or PVC Pipes
  • Asphalt
  • Masonry

Interior Spaces

  • Open Floorplan
  • Bar
  • Beamed Ceilings
  • Brick Wall or Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Replacement Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Family Room Off Kitchen
  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Exterior Cameras
  • Fire and Smoke Detector
  • Fire Escape
  • Flood Lights

Parking

  • Private Parking
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, management, sewer, snow removal, real estate taxes, trash collection, water, repairs, common area maintenance
  • Assessor Parcel Number 336-43212-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,078
  • Maintenance Expense $380
  • Manager Expense $3,348
  • Trash Expense $876
  • Operating Expense $16,335
  • Gross Income $56,040
  • Net Operating Income $39,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,083

Year Built

Built in 1887 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant personal property.
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1887
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Investment Opportunity!! Cash Flow and Turn Key, this (3) Unit Building is in excellent condition. Recently Remodeled in 2018 with some of the finest products, there's really no need to worry about maintenance. It's also Fully Occupied and Professionally Managed. Located on the 100 block of E Walnut Street, (2) blocks south of the Lancaster General Hospital.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Washer, Water Heater
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Bar, Breakfast Area, Dining Area, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Recessed Lighting, Soaking Tub, Stall Shower, Upgraded Countertops, Wood Floors
  • Window Features: Double Hung, Double Pane, Energy Efficient, Insulated, Low-E, Replacement, Vinyl Clad
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Brick
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3612
  • Living Area Sq Ft: 3612
  • Price Per Sq Ft: 217.91
  • Above Grade Finished Sq Ft: 2568
  • Below Grade Finished Sq Ft: 1044
  • Total Below Grade Sq Ft: 1044
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 123

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Asphalt, Blown-In Insulation, Brick, Brick Front, Cpvc/Pvc
  • Exterior Features: Awning(s), Exterior Lighting, Fire Escape, Flood Lights, Sidewalks, Street Lights
  • Road Surface Type: Paved
  • Roof: Shingle, Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway, Paved Parking, Private
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 32
  • Previous Twelve Months Electric Expense: 384.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Exterior Cameras, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available
  • Monthly Water Average: 100
  • Water Previous Twelve Months: 1200.00
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 3348.00
  • Association Recreation Fee: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 196900.00
  • Land Assessed Value: 22200.00
  • Land Use Code: 115
  • Lot Features: Corner, Level
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RES
  • Zoning Description: 115 Res: 3 Fam Dwlg

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Management, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Repairs, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 56040.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4061311
  • School Tax: 4882.00
  • Tax Annual Amount: 8083.00
  • Assessor Parcel Number: 336-43212-0-0000
  • Tax Total Finished Sq Ft: 3612
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/03/2021

Multi Family

  • Gross Income: 56040.00
  • Gross Scheduled Income: 56040.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 16335.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2020
Closed on
Mar 3, 2021
Sold by
Lz Property Rentals Llc
Bought by
Three Bs Investments Llc
Seller's Agent
John Stoltzfus
Stoltzfus Realty
Buyer's Agent
Quentin Miller
Coldwell Banker Realty
List Price
$559,600
Sold Price
$549,000
Premium/Discount to List
-$10,600
-1.89%
Current Estimated Value
$590,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,312
Avg. Annual Appreciation
1.59%
Original Mortgage
$440,000
Outstanding Balance
$360,590
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$229,722

Purchase Details

Closed on
Aug 3, 2017
Sold by
Mateo Huascar A
Bought by
Lz Property Rentals Llc

Purchase Details

Closed on
May 6, 2005
Sold by
Wiley Michelle L and Corrigan Michelle L
Bought by
Mateo Huascar A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,310
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Three Bs Investments Llc $549,000 None Available
Lz Property Rentals Llc $150,000 None Available
Mateo Huascar A $115,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Three Bs Investments Llc $440,000
Previous Owner Mateo Huascar A $104,310
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2021 03/03/21 Sold $549,000 -1.9% $152 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
12/24/2020 12/24/20 For Sale $559,600 -- $155 / 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 $8,670 $219,100 $22,200 $196,900
2024 $8,670 $219,100 $22,200 $196,900
2023 $8,524 $219,100 $22,200 $196,900
2022 $8,169 $219,100 $22,200 $196,900
2021 $7,994 $219,100 $22,200 $196,900
2020 $5,969 $163,600 $22,200 $141,400
2019 $5,261 $146,400 $22,200 $124,200
2018 $3,122 $146,400 $22,200 $124,200
2016 $4,738 $104,100 $21,000 $83,100
2015 $1,848 $104,100 $21,000 $83,100
2014 $4,135 $104,100 $21,000 $83,100
Source: Public Records

Agents Affiliated with this Home

  • John Stoltzfus

    Seller's Agent in 2021

    John Stoltzfus

    Stoltzfus Realty

    (717) 226-0751

    3 in this area

    65 Total Sales

    John Stoltzfus
    Section Image

  • Q

    Buyer's Agent in 2021

    Quentin Miller

    Coldwell Banker Realty

    (717) 278-2003

    1 in this area

    9 Total Sales

    Quentin Miller
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA175016

Bright MLS

APN: 336-43212-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

123 E Walnut St, Lancaster, PA

This home is located at 123 E Walnut St, Lancaster, PA 17602 since 24 December 2020 and is currently estimated at $590,312, approximately $163 per square foot. This property was built in 1887. 123 E Walnut St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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