NOT LISTED FOR SALE

124 E Main St Palmyra, PA 17078

Estimated Value: $739,853

-- Bed
4 Baths
3,600 Sq Ft
$206/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $270,000 $75 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $4,475/month

189 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Forced Air Heating System
  • Palmyra Area Senior High School Rated 9+

About This Home

As of May 2016

Great mixed use building with 3 2 bedroom apartments and 1 commercial office space. 2 of the tenants have been there over 10 years. Rents are not maximized. Property is in very good condition. Ample off-street parking.

Last Agent to Sell the Property

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L Listed on: 09/29/2015

RE/MAX Pinnacle

Last Buyer's Agent

Nick Devitz

(717) 507-3040 nick@devitzservices.com Coldwell Banker Realty License #RS322558

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,428

Year Built

  • Built in 1966

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • 3,600 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof
  • Rubber Roof
  • Aluminum Siding

Kitchen

  • Gas Oven or Range
  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Palmyra Area Middle School
  • Palmyra Area High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water, cable TV, cooking fuel
  • The owner pays for insurance, real estate taxes, repairs
  • Assessor Parcel Number 16-2291023-357327-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,477
  • Other Expense $8,031
  • Trash Expense $880
  • Net Operating Income $28,029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,428

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Current Use: Mixed
  • New Construction: No
  • Other Expense: 8031.00
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Dishwasher, Oven - Single, Stove, Dryer, Washer
  • Fireplace: No
  • Total Sq Ft: 3600
  • Living Area Sq Ft: 3600
  • Price Per Sq Ft: 76.39
  • Above Grade Finished Sq Ft: 3600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Block, Brick
  • Construction Completed: No
  • Roof: Composite, Rubber
  • 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
  • Type Of Parking: Off Street, On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 1246.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: PALMYRA AREA
  • Middle Or Junior School: PALMYRA AREA

Lot Info

  • Lot Size Acres: 0.17
  • Zoning Description: Commercial

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: Insurance, Taxes - Real Estate, Repairs
  • Tenant Pays: Electricity, Heat, Hot Water, Cable Tv, Cooking Fuel
  • Vacation Rental: No

Multi Family

  • Gross Income: 36060.00
  • Metering: Fully Separate
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Assessor Parcel Number: 10319929
  • Tax Annual Amount: 4428.00
  • Assessor Parcel Number: 16-2291023-357327-0000
  • Tax Year: 2014

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2015
Closed on
May 25, 2016
Sold by
Kiessling Properties Llc
Bought by
J & V Real Estate Llc
Seller's Agent
Robert Fox
RE/MAX Pinnacle
Buyer's Agent
Nick Devitz
Coldwell Banker Realty
List Price
$300,000
Sold Price
$270,000
Premium/Discount to List
-$30,000
-10%
Current Estimated Value
$739,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,853
Avg. Annual Appreciation
11.14%
Original Mortgage
$202,500
Outstanding Balance
$161,272
Interest Rate
3.59%
Mortgage Type
Commercial
Estimated Equity
$578,581

Purchase Details

Closed on
Feb 24, 2005
Sold by
Wagner Nathan S
Bought by
Kiessling Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
J & V Real Estate Llc $270,000 None Available
Kiessling Properties Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & V Real Estate Llc $202,500
Previous Owner Kiessling Properties Llc $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2016 05/26/16 Sold $270,000 -10.0% $75 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $300,000 -- $83 / 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 $7,001 $245,000 $33,400 $211,600
2024 $6,185 $245,000 $33,400 $211,600
2023 $987 $245,000 $33,400 $211,600
2022 $942 $245,000 $33,400 $211,600
2021 $875 $245,000 $33,400 $211,600
2020 $5,415 $245,000 $33,400 $211,600
2019 $5,299 $245,000 $33,400 $211,600
2018 $5,131 $245,000 $33,400 $211,600
2017 $1,520 $245,000 $33,400 $211,600
2016 $4,817 $245,000 $33,400 $211,600
2015 -- $245,000 $33,400 $211,600
2014 -- $245,000 $33,400 $211,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002745327

Bright MLS

APN: 16-2291023-357327-0000