$210,000
SOLD APR 17, 2020
-- Bed
-- Bath
2,391 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

12% Below List Price

5 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Eat-In Kitchen
  • Federal Architecture
  • Beamed Ceilings
  • Electric Baseboard Heater

About This Home

As of April 2024

Great investment in surging Lancaster City. Solid brick corner-lot building with 3 stacked units on the corner of Juniata and Plum across from Heart to Heart Ministries and Hand Middle School. 1st floor fully remodeled in 2020: Vinyl plank flooring, new sub-floor, new windows, bathroom, lighting, and more. 2nd floor fully remodeled in 2016; 3rd floor fully remodeled in fall of 2019 including vinyl plank floors, kitchen, bathroom, lighting. Many exterior improvements over the past 5 years. 1st floor apartment includes front porch, basement living room, storage area, w/d hookups, and fenced back yard that could be converted to off-street parking. 3BR, 2BR, 2BR: $2585 monthly rents. Tenants pay their owner heat and electric. All units currently leased with 1-year leases. Cash cow for over 16 years. Owner is a licensed agent and the listing agent. Copies of utility and vendor bills and financial summary available upon request. Showings starting 2/27/20 and may be grouped.

Last Agent to Sell the Property

Justin Gall

PGM Real Estate Associates, LLC Listed on: 02/25/2020

Co-Listed By

Jeremy Pilkerton

PGM Real Estate Associates, LLC

Last Buyer's Agent

Calvin Yoder

Keller Williams Elite License #RM423455

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,302

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Federal Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Combination Foundation
  • Stone Foundation
  • Rubber Roof
  • Masonry

Interior Spaces

  • Open Floorplan
  • Beamed Ceilings
  • Replacement Windows
  • Eat-In Kitchen
  • Partially Finished Basement

Eco-Friendly Details

  • Energy-Efficient Lighting

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, pest control, repairs, sewer, snow removal
  • Assessor Parcel Number 337-94813-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $905
  • Maintenance Expense $1,602
  • Trash Expense $720
  • Gross Income $32,040
  • Net Operating Income $23,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,302

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 3 Stoves, 3 Refrigerators
  • New Construction: No
  • Expected On Market: 2020-02-27
  • Year Built: 1900
  • Remarks Public: Great investment in surging Lancaster City. Solid brick corner-lot building with 3 stacked units on the corner of Juniata and Plum across from Heart to Heart Ministries and Hand Middle School. 1st floor fully remodeled in 2020: Vinyl plank flooring, new sub-floor, new windows, bathroom, lighting, and more. 2nd floor fully remodeled in 2016; 3rd floor fully remodeled in fall of 2019 including vinyl plank floors, kitchen, bathroom, lighting. Many exterior improvements over the past 5 years. 1st floor apartment includes front porch, basement living room, storage area, w/d hookups, and fenced back yard that could be converted to off-street parking. 3BR, 2BR, 2BR: $2585 monthly rents. Tenants pay their owner heat and electric. All units currently leased with 1-year leases. Cash cow for over 16 years. Owner is a licensed agent and the listing agent. Copies of utility and vendor bills and financial summary available upon request. Showings starting 2/27/20 and may be grouped.
  • Special Features: None

Interior Features

  • Interior Amenities: Floor Plan - Open, Exposed Beams, Kitchen - Eat-In
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 16
  • Basement: Yes
  • Basement Type: Combination, Partially Finished
  • Total Sq Ft: 2391
  • Living Area Sq Ft: 2391
  • Price Per Sq Ft: 109.14
  • Above Grade Finished Sq Ft: 2199
  • Below Grade Finished Sq Ft: 192
  • Total Below Grade Sq Ft: 192
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 134

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Roof: Flat, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 60.00
  • Central Air Conditioning: No
  • Monthly Average Electric: 26
  • Previous Twelve Months Electric Expense: 312.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Pest Control Expense: 318.00
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Monthly Water Average: 122
  • Water Previous Twelve Months: 1464.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Efficiency: Lighting
  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 81200.00
  • Land Assessed Value: 9300.00
  • 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
  • Property Condition: Very Good, Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Pest Control, Repairs, Sewer, Snow Removal
  • Rent Control: No
  • Total Actual Rent: 31020.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4066057
  • School Tax: 1980.00
  • Tax Annual Amount: 3302.00
  • Assessor Parcel Number: 337-94813-0-0000
  • Tax Total Finished Sq Ft: 2391
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/17/2020

Multi Family

  • Gross Income: 30500.00
  • Gross Scheduled Income: 32040.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Apr 4, 2024
Sold by
Hill Edward T and Miller Renee E
Bought by
Narrow Gate Investments Llc and Lkk Properties Llc
Seller's Agent
Calvin Yoder
Keller Williams Elite
Buyer's Agent
Mike Lapp
Stoltzfus Realty
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%
Views
141
Current Estimated Value
$290,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578
Avg. Annual Appreciation
1.45%

Purchase Details

Listed on
Feb 25, 2020
Closed on
Apr 17, 2020
Sold by
Gall Justin C
Bought by
Hill Edward T and Miller Rence E
Seller's Agent
Justin Gall
PGM Real Estate Associates, LLC
Buyer's Agent
Calvin Yoder
Keller Williams Elite
List Price
$240,000
Sold Price
$210,000
Premium/Discount to List
-$30,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$157,500
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $290,000 Regal Abstract
Deed $210,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,500 New Conventional
Previous Owner $59,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $290,000 -6.5% $121 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $310,000 -4.6% $130 / Sq Ft
02/02/2024 02/02/24 Price Changed $325,000 -7.1% $136 / Sq Ft
01/05/2024 01/05/24 For Sale $350,000 +66.7% $146 / Sq Ft
04/17/2020 04/17/20 Sold $210,000 -12.5% $88 / Sq Ft
02/25/2020 02/25/20 For Sale $240,000 -- $100 / 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
2024 $3,581 $90,500 $9,300 $81,200
2023 $3,521 $90,500 $9,300 $81,200
2022 $3,374 $90,500 $9,300 $81,200
2021 $3,302 $90,500 $9,300 $81,200
2020 $3,302 $90,500 $9,300 $81,200
2019 $3,252 $90,500 $9,300 $81,200
2018 $1,930 $90,500 $9,300 $81,200
2017 $2,609 $56,800 $13,100 $43,700
2016 $2,585 $56,800 $13,100 $43,700
2015 $1,008 $56,800 $13,100 $43,700
2014 $2,256 $56,800 $13,100 $43,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA159226

Bright MLS

APN: 337-94813-0-0000