NOT LISTED FOR SALE

Estimated Value: $366,000 - $378,000

-- Bed
3 Baths
1,996 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 19, 2024

Last sale price $350,000 $175 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,459/month

4 Days on Market

Highlights

  • City View
  • Traditional Architecture
  • Attic
  • Open Floorplan
  • Wood Flooring
  • Efficiency Studio

About This Home

As of March 2024

Turnkey 3-unit Investment opportunity in Lancaster City’s Ross neighborhood! Conveniently located directly across from Penn Medicine’s Lancaster General Hospital. The property consists of a 4-bed 1-bath home and 2 studio apartments in the rear of the building. All units have separate utilities and tenants pay their own heat, hot water and unit electric.

Last Agent to Sell the Property

Luis Ortega

Weichert Realtors - The Ortega Group License #RM425269 Listed on: 02/12/2024

Weichert Realtors - The Ortega Group

Last Buyer's Agent

Chuck Honabach

Realty ONE Group Unlimited

Realty ONE Group Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,641

Year Built

  • Built in 1887 | Remodeled in 2014

Lot Details

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

Home Design

  • Triplex
  • Traditional Architecture
  • Stone Foundation
  • Plaster Walls
  • Architectural Shingle Roof
  • Composition Roof
  • Rubber Roof
  • Masonry
  • Stucco

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Replacement Windows
  • Vinyl Clad Windows
  • Double Hung Windows
  • Double Door Entry
  • Combination Dining and Living Room
  • Efficiency Studio
  • City Views
  • Attic

Kitchen

  • Kitchenette
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Front Loading Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Basement Windows

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • Public Parking
  • On-Street Parking
  • Unassigned Parking

Accessible Home Design

  • Grab Bars

Outdoor Features

  • Exterior Lighting
  • Playground

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • 100 Amp Service
  • Water Dispenser
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 336-42733-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,641

Year Built

Built in 1887 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Grab Bars Mod
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: All appliances currently in property
  • New Construction: No
  • Year Built: 1887
  • Year Renovated: 2014
  • Automatically Close On Close Date: No
  • Remarks Public: Turnkey 3-unit Investment opportunity in Lancaster City’s Ross neighborhood! Conveniently located directly across from Penn Medicine’s Lancaster General Hospital. The property consists of a 4-bed 1-bath home and 2 studio apartments in the rear of the building. All units have separate utilities and tenants pay their own heat, hot water and unit electric.
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Icemaker, Oven/Range - Gas, Refrigerator, Stove, Washer - Front Loading, Water Heater, Water Dispenser
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Attic, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Dining Area, Efficiency, Floor Plan - Traditional, Floor Plan - Open, Kitchen - Eat-In, Kitchenette, Stall Shower, Tub Shower, Wood Floors
  • Window Features: Double Hung, Double Pane, Replacement, Vinyl Clad
  • Fireplace: No
  • Door Features: Double Entry
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Room Count: 8
  • Basement: Yes
  • Basement Type: Full, Interior Access, Sump Pump, Unfinished, Windows
  • Total Sq Ft: 2447
  • Living Area Sq Ft: 1996
  • Price Per Sq Ft: 162.83
  • Above Grade Finished Sq Ft: 1996
  • Below Grade Sq Ft: 451
  • Total Below Grade Sq Ft: 451
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 138

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Masonry
  • Exterior Features: Exterior Lighting, Fire Escape, Play Area, Sidewalks, Street Lights
  • Roof: Architectural Shingle, Composite, Rubber
  • Spa: No
  • View: City, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public, Unassigned
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector
  • 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
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: RESIENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3055.00
  • Tax Annual Amount: 4640.81
  • Assessor Parcel Number: 336-42733-0-0000
  • Tax Total Finished Sq Ft: 2062
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/19/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Mar 19, 2024
Sold by
Elias Joy M
Bought by
Martin Benjamin A
Seller's Agent
Luis Ortega
Weichert Realtors - The Ortega Group
Buyer's Agent
Chuck Honabach
Realty ONE Group Unlimited
List Price
$299,000
Sold Price
$350,000
Premium/Discount to List
$51,000
17.06%
Views
54
Current Estimated Value
$372,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,595
Avg. Annual Appreciation
1.84%
Original Mortgage
$332,500
Outstanding Balance
$328,881
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$30,097

Purchase Details

Closed on
Feb 17, 2021
Sold by
Jimenez Janice
Bought by
Elias Joy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2006
Sold by
Young Steven E
Bought by
Jimenez Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,512
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2001
Sold by
Nafpliotis Despina and Nafpliotis Harry J
Bought by
Young Steven E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,954
Interest Rate
7.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Martin Benjamin A $350,000 One Abstract Services
Elias Joy M $261,000 Abstract Assc Of Lancaster I
Jimenez Janice $139,500 None Available
Young Steven E $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Benjamin A $332,500
Previous Owner Elias Joy M $195,750
Previous Owner Jimenez Janice $172,500
Previous Owner Jimenez Janice $25,176
Previous Owner Jimenez Janice $134,512
Previous Owner Young Steven E $150,000
Previous Owner Young Steven E $66,978
Previous Owner Young Steven E $67,954
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2024 03/19/24 Sold $350,000 +7.7% $175 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $325,000 +8.7% $163 / Sq Ft
02/12/2024 02/12/24 For Sale $299,000 -- $150 / 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 $5,033 $127,200 $25,900 $101,300
2023 $4,949 $127,200 $25,900 $101,300
2022 $4,743 $127,200 $25,900 $101,300
2021 $4,641 $127,200 $25,900 $101,300
2020 $4,641 $127,200 $25,900 $101,300
2019 $4,571 $127,200 $25,900 $101,300
2018 $2,276 $120,100 $25,900 $94,200
2017 $3,693 $80,400 $16,800 $63,600
2016 $3,659 $80,400 $16,800 $63,600
2015 $1,428 $80,400 $16,800 $63,600
2014 $2,766 $80,400 $16,800 $63,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2046838

Bright MLS

APN: 336-42733-0-0000