$445,000
SOLD OCT 25, 2024

127 E Walnut St Lancaster, PA 17602

Musser Park Neighborhood
-- Bed
-- Bath
3,022 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$147 Per Sq Ft

2 Days on Market

About This Home

As of October 2024

Great 3-unit investment property! Situated in the very walk-able East End of Lancaster City, just a few blocks from Musser Park, sits this desirable 3-unit apartment building! There are two, 2-bedroom units and one, 1-bedroom unit. This apartment building is conveniently located within blocks of several restaurants, pubs, and other city hot spots.
Fully rented with great young professional tenants. Recent renovations. Units 1 & 3 have updated kitchens, bathrooms, and on-site laundry. Unit two has not been updated as the tenants have been 5 year tenants (otherwise it would have been renovated, as well). However, unit 2 is still very rentable and desirable, as is. Pictures of units 1 & 2 have been uploaded. Unit 3 has been renovated in similar fashion as unit 1. Current month rents total $4,085 per month. Recent city inspection. Owner pays water/sewer, trash, heat (heating system is high efficiency gas boiler system with desirable radiant heat).

Last Agent to Sell the Property

David White

OwnerEntry.com License #SBR005629 Listed on: 09/23/2024

Last Buyer's Agent

David White

OwnerEntry.com License #SBR005629 Listed on: 09/23/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,274

Year Built

  • Built in 1887

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 3,022 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Brick Foundation
  • Masonry

Kitchen

  • Electric Oven or Range
  • Range Hood

Utilities

  • Radiator
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 336-48814-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,274

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1887
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great 3-unit investment property! Situated in the very walk-able East End of Lancaster City, just a few blocks from Musser Park, sits this desirable 3-unit apartment building! There are two, 2-bedroom units and one, 1-bedroom unit. This apartment building is conveniently located within blocks of several restaurants, pubs, and other city hot spots. Fully rented with great young professional tenants. Recent renovations. Units 1 & 3 have updated kitchens, bathrooms, and on-site laundry. Unit two has not been updated as the tenants have been 5 year tenants (otherwise it would have been renovated, as well). However, unit 2 is still very rentable and desirable, as is. Pictures of units 1 & 2 have been uploaded. Unit 3 has been renovated in similar fashion as unit 1. Current month rents total $4,085 per month. Recent city inspection. Owner pays water/sewer, trash, heat (heating system is high efficiency gas boiler system with desirable radiant heat).
  • Special Features: None

Interior Features

  • Appliances: Range Hood, Oven/Range - Electric, Refrigerator
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 3022
  • Living Area Sq Ft: 3022
  • Price Per Sq Ft: 147.25
  • Above Grade Finished Sq Ft: 3022
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 127

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: Off Street

Utilities

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

Schools

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

Lot Info

  • Land Use Code: 115
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2024
  • Zoning: R

Rental Info

  • Total Actual Rent: 49032.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 4445.00
  • Tax Annual Amount: 7274.00
  • Assessor Parcel Number: 336-48814-0-0000
  • Tax Total Finished Sq Ft: 3022
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 10/25/2024

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Oct 18, 2024
Sold by
Kirchner Anthony R and Kirchner Monica F
Bought by
Prominent Investments Llc
Seller's Agent
David White
OwnerEntry.com
Buyer's Agent
David White
OwnerEntry.com
List Price
$445,000
Sold Price
$445,000
Views
7
Current Estimated Value
$469,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,337
Avg. Annual Appreciation
5.35%
Original Mortgage
$342,650
Outstanding Balance
$339,290
Interest Rate
6.2%
Mortgage Type
VA
Estimated Equity
$126,828

Purchase Details

Closed on
Aug 15, 2016
Sold by
Graver Sean D and Graver Catherine D
Bought by
Kirchner Anthony R and Kirchner Monica F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2008
Sold by
Lapp Gideon K and Lapp Rhonda
Bought by
Graver Sean D and Graver Catherine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $445,000 None Listed On Document
Deed $167,000 None Available
Deed $138,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $342,650 VA
Previous Owner $125,250 New Conventional
Previous Owner $103,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $445,000 0.0% $147 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $445,000 -- $147 / 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 $7,198 $181,900 $25,900 $156,000
2024 $7,198 $181,900 $25,900 $156,000
2023 $7,077 $181,900 $25,900 $156,000
2022 $6,782 $181,900 $25,900 $156,000
2021 $6,637 $181,900 $25,900 $156,000
2020 $6,637 $181,900 $25,900 $156,000
2019 $6,537 $181,900 $25,900 $156,000
2018 $3,879 $181,900 $25,900 $156,000
2017 $4,460 $97,100 $21,200 $75,900
2016 $4,419 $97,100 $21,200 $75,900
2015 $1,724 $97,100 $21,200 $75,900
2014 $3,857 $97,100 $21,200 $75,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David White

    OwnerEntry.com

    (617) 542-9300

    1 in this area

    808 Total Sales

    David White
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA2057612

Bright MLS

APN: 336-48814-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

127 E Walnut St, Lancaster, PA

This home is located at 127 E Walnut St, Lancaster, PA 17602 and is currently priced at $445,000, approximately $147 per square foot. This property was built in 1887. 127 E Walnut St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes