NOT LISTED FOR SALE

Estimated Value: $211,000 - $329,000

Studio
2 Baths
1,230 Sq Ft
$226/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $110,000 $89 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $1,775/month

205 Days on Market

Highlights

  • 0.12 Acre Lot
  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • No HOA
  • Home Security System
  • Baseboard Heating

About This Home

As of July 2013

Historic property in the heart of downtown Lancaster. Short walk to shops, galleries, market. Very well maintained two unit Colonial. Rent one side and live in the other - or rent both. Versatile. Appliances included. Wide plank floors. French doors to private patios. Large rear yard a must see.

Last Agent to Sell the Property

David Foulk

(717) 586-3558 dfoulk@homesale.com Berkshire Hathaway HomeServices Homesale Realty Listed on: 12/03/2012

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Alan Cherkin

(717) 615-8392 alan@alanhcherkin.com Alan H. Cherkin Real Estate License #RM051905A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1810

Lot Details

  • 5,227

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Wood Roof

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Mccaskey Campus High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, sewer, electricity, water
  • Assessor Parcel Number 3375389800000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $827
  • Other Expense $100
  • Trash Expense $420
  • Operating Expense $1,347
  • Net Operating Income $11,439

Property Details

Home Type

Multi-Family

Year Built

Built in 1810

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement
  • Year Built: 1810
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Unfinished

Exterior Features

  • Construction Materials: Brick, Frame
  • Construction Completed: No
  • Roof: Wood
  • 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

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Electric, Baseboard, Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Security: Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.12
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Sewer, Electricity, Water
  • Vacation Rental: No

Tax Info

  • School Tax: 1691.91
  • Tax Annual Amount: 2814.16
  • Assessor Parcel Number: 3375389800000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 15600.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 1347.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2012
Closed on
Jul 31, 2013
Sold by
Brogan Patricia A
Bought by
Reese Paul F
Seller's Agent
David Foulk
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Alan Cherkin
Alan H. Cherkin Real Estate
List Price
$124,900
Sold Price
$110,000
Premium/Discount to List
-$14,900
-11.93%
Current Estimated Value
$278,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,293
Avg. Annual Appreciation
7.71%
Original Mortgage
$108,007
Outstanding Balance
$78,441
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$199,852
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
Reese Paul F $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese Paul F $108,007
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $110,000 -11.9% $89 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $124,900 -- $102 / 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 $3,957 $100,000 $15,300 $84,700
2024 $3,957 $100,000 $15,300 $84,700
2023 $3,890 $100,000 $15,300 $84,700
2022 $3,728 $100,000 $15,300 $84,700
2021 $3,648 $100,000 $15,300 $84,700
2020 $3,648 $100,000 $15,300 $84,700
2019 $3,594 $100,000 $15,300 $84,700
2018 $1,696 $100,000 $15,300 $84,700
2017 $3,073 $66,900 $11,000 $55,900
2016 $3,045 $66,900 $11,000 $55,900
2015 $1,188 $66,900 $11,000 $55,900
2014 $2,230 $66,900 $11,000 $55,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002727501

Bright MLS

APN: 337-53898-0-0000