NOT LISTED FOR SALE

Estimated Value: $452,000 - $482,000

Studio
3 Baths
3,022 Sq Ft
$153/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $445,000 $147 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,021/month

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

(617) 542-9300 david@ownerentry.com OwnerEntry.com License #SBR005629 Listed on: 09/23/2024

Last Buyer's Agent

David White

(617) 542-9300 david@ownerentry.com 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
  • 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

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 Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

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
$463,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,422
Avg. Annual Appreciation
3.47%
Original Mortgage
$342,650
Outstanding Balance
$338,944
Interest Rate
6.2%
Mortgage Type
VA
Estimated Equity
$124,478

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
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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
Prominent Investments Llc $445,000 None Listed On Document
Kirchner Anthony R $167,000 None Available
Graver Sean D $138,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prominent Investments Llc $342,650
Previous Owner Kirchner Anthony R $125,250
Previous Owner Graver Sean D $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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Map

Source: Bright MLS

MLS Number: PALA2057612

Bright MLS

APN: 336-48814-0-0000