Seller's Agent in 2022
Gretchen Raad
Berkshire Hathaway HomeServices Homesale Realty
(717) 629-8669
2 in this area
126 Total Sales
126 E Walnut St Lancaster, PA 17602
Musser Park NeighborhoodEstimated Value: $479,000 - $636,000
Studio
5
Baths
2,970
Sq Ft
$185/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Forced Air Heating System
- 4-minute walk to Musser Park
About This Home
As of July 2022Fantastic fully rented 5-unit investment building in the Heart of Lancaster city. Tons of potential for increased revenue as rents are on the lower side with several longer standing tenants and new owner could convert the heat. Walking distance to central market, southern market, bus stops, restaurants.
Last Agent to Sell the Property
(717) 629-8669 gretchen@raadrealestate.com Berkshire Hathaway HomeServices Homesale Realty Listed on: 04/06/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,320
Year Built
- Built in 1899
Lot Details
- 2,614 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,970 Sq Ft Home
- Traditional Architecture
- Brick Exterior Construction
- Block Foundation
- Stick Built Home
Schools
- Mccaskey Campus High School
Utilities
- Forced Air Heating System
- 200+ Amp Service
- Electric Water Heater
Additional Features
- Unfinished Basement
Community Details
- 4 Units
- Income includes apartment rentals
Listing and Financial Details
- The owner pays for heat, sewer, real estate taxes, trash collection, water
- Assessor Parcel Number 336-49065-0-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2015
Closed on
Oct 16, 2015
Sold by
Palumbo Christopher A and Palumbo Valentino
Bought by
Ehrhart Investments Llc
Seller's Agent
Alan Cherkin
Alan H. Cherkin Real Estate
Buyer's Agent
Gretchen Raad
Berkshire Hathaway HomeServices Homesale Realty
List Price
$335,000
Sold Price
$315,000
Premium/Discount to List
-$20,000
-5.97%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,239
Avg. Annual Appreciation
5.60%
Original Mortgage
$252,000
Outstanding Balance
$198,271
Interest Rate
3.88%
Mortgage Type
Commercial
Estimated Equity
$351,882
Purchase Details
Closed on
Mar 30, 2001
Sold by
Palumbo Valentino A
Bought by
Palumbo Christopher A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ehrhart Investments Llc | $315,000 | Attorney | |
| Palumbo Christopher A | $4,676 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ehrhart Investments Llc | $252,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/11/2022 07/11/22 | Sold | $450,000 | -10.0% | $152 / Sq Ft | |
| 04/13/2022 04/13/22 | Pending | -- | -- | -- | |
| 04/06/2022 04/06/22 | For Sale | $499,900 | +58.7% | $168 / Sq Ft | |
| 10/16/2015 10/16/15 | Sold | $315,000 | -6.0% | $106 / Sq Ft | View Prior Sale |
| 08/20/2015 08/20/15 | Pending | -- | -- | -- | |
| 08/11/2015 08/11/15 | For Sale | $335,000 | -- | $113 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $10,953 | $276,800 | $35,000 | $241,800 |
| 2024 | $10,953 | $276,800 | $35,000 | $241,800 |
| 2023 | $10,769 | $276,800 | $35,000 | $241,800 |
| 2022 | $10,320 | $276,800 | $35,000 | $241,800 |
| 2021 | $10,099 | $276,800 | $35,000 | $241,800 |
| 2020 | $10,099 | $276,800 | $35,000 | $241,800 |
| 2019 | $9,948 | $276,800 | $35,000 | $241,800 |
| 2018 | $2,692 | $276,800 | $35,000 | $241,800 |
| 2017 | $4,455 | $97,000 | $21,600 | $75,400 |
| 2016 | $4,415 | $97,000 | $21,600 | $75,400 |
| 2015 | $1,722 | $97,000 | $21,600 | $75,400 |
| 2014 | $3,853 | $97,000 | $21,600 | $75,400 |
Source: Public Records
Agents Affiliated with this Home
-
Gretchen Raad
-
Rachel Ingram
Buyer's Agent in 2022
Rachel Ingram
Keller Williams Elite
(717) 715-2134
1 in this area
138 Total Sales
-
Alan Cherkin
A
Seller's Agent in 2015
Alan Cherkin
Alan H. Cherkin Real Estate
(717) 615-8392
35 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2016130
APN: 336-49065-0-0000
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