NOT LISTED FOR SALE

148 E Walnut St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $485,000 - $582,000

Studio
3 Baths
3,567 Sq Ft
$149/Sq Ft Est. Value

Last Sold October 21, 2013

Last sale price $215,000 $60 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $3,511/month

109 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • 4-minute walk to Musser Park
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of October 2013

3-unit gem improved and updated from roof to basement, including plumbing, electric, windows and unit remodels. Owner suite with in-floor radiant heat. All units fully stocked with appliances, network multi-media panels and separately metered for electric and water service. Easily and consistently rented with good cash flow for live-in owner or investor.

Last Agent to Sell the Property

David Mersky

(717) 629-5476 dave@manorwestrealty.com Manor West Realty License #RM421903 Listed on: 04/29/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,614

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof
  • Vinyl Siding
  • Stucco

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • Exterior Basement Entry
  • 2,614 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3366877400000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Garage
  • Year Built: 1900
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick, Stucco, Vinyl Siding
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Fire Escape
  • Roof: 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

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Hot Water, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Security: 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

Lot Info

  • Lot Size Acres: 0.06
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4062236
  • School Tax: 4178.69
  • Tax Annual Amount: 6882.81
  • Assessor Parcel Number: 3366877400000
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • 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
Apr 29, 2013
Closed on
Oct 21, 2013
Sold by
Gibson Karla B and Gibson Michael A
Bought by
Dst Brothers Llc
Seller's Agent
David Mersky
Manor West Realty
List Price
$249,900
Sold Price
$215,000
Premium/Discount to List
-$34,900
-13.97%
Current Estimated Value
$531,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,142
Avg. Annual Appreciation
7.69%
Original Mortgage
$258,000
Outstanding Balance
$194,318
Interest Rate
4.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$336,824

Purchase Details

Closed on
Jan 20, 2005
Sold by
King Karla B and Gibson Karla B
Bought by
Gibson Karla B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2002
Sold by
Wells Fargo Home Mortgage Inc
Bought by
Hud

Purchase Details

Closed on
Nov 21, 2002
Sold by
Hughes Gary P
Bought by
Wells Fargo Home Mtg Inc and Norwest Mtg Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Dst Brothers Llc $215,000 None Available
Gibson Karla B -- --
Hud -- --
Wells Fargo Home Mtg Inc $3,703 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dst Brothers Llc $258,000
Previous Owner Gibson Karla B $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2013 10/21/13 Sold $215,000 -14.0% $60 / Sq Ft
08/16/2013 08/16/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $249,900 -- $70 / 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 $8,804 $222,500 $35,000 $187,500
2024 $8,804 $222,500 $35,000 $187,500
2023 $8,656 $222,500 $35,000 $187,500
2022 $8,296 $222,500 $35,000 $187,500
2021 $8,118 $222,500 $35,000 $187,500
2020 $8,118 $222,500 $35,000 $187,500
2019 $7,996 $222,500 $35,000 $187,500
2018 $4,745 $222,500 $35,000 $187,500
2017 $7,404 $161,200 $21,500 $139,700
2016 $7,337 $161,200 $21,500 $139,700
2015 $2,862 $161,200 $21,500 $139,700
2014 $5,976 $161,200 $21,500 $139,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    David Mersky

    Manor West Realty

    (717) 629-5476

    8 Total Sales

    David Mersky
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Map

Source: Bright MLS

MLS Number: 1002729085

Bright MLS

APN: 336-68774-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

148 E Walnut St, Lancaster, PA

Not Listed for Sale

MultiFamily

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