NOT LISTED FOR SALE

15 N Pine St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $543,465 - $692,000

-- Bed
-- Bath
4,809 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $360,000 $75 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,190/month

Highlights

  • No HOA
  • Electric Baseboard Heater
  • 2-minute walk to Crystal Park
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

Property is under agreement; Entered into MLS for comp purposes. Located across from 551 West and Groff's Funeral Services. Fully rented with good tenants. New roof with 15 yr warranty (2018), new gas hot water heater for building (2019). Apt 1: $1250; central air; gas heat, dishwasher, in-unit laundry, pvt courtyard; has a lease through April 2021 and takes out trash, clears snow. Apt 2: $1,030; M2M, 3 bedrooms plus sunroom office, pvt balcony, spacious rooms, in-unit laundry; longer term tenant - with some cosmetic improvements rent could certainly increase. Apt 3: $765, M2M, 2 beds, pvt balcony, longer term tenant, current market rent in its current condition is $825. Apt 4: $680, M2M, 1 bedroom with open living/kitchen and plenty of closet space; rent could increase to market rent of $700. Laundry could be added to basement for units 3+4 if desired. Tenants pay unit electric and gas (all units have gas stoves). Landlord pays for the hot water on a house gas meter and a house electric bill for the stairs and basement. See documents for income/expense. Listing agent is owner/seller and is a licensed PA Broker.

Last Agent to Sell the Property

Corinn Kirchner

PPM Real Estate, Inc. License #RM425642 Listed on: 07/01/2020

Last Buyer's Agent

Corinn Kirchner

PPM Real Estate, Inc. License #RM425642 Listed on: 07/01/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 4,809 Sq Ft Home
  • Quadruplex
  • Converted Dwelling
  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes, water, trash collection, pest control
  • Assessor Parcel Number 335-02709-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,381
  • Operating Expense $16,606
  • Net Operating Income $28,094

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Property is under agreement; Entered into MLS for comp purposes. Located across from 551 West and Groff's Funeral Services. Fully rented with good tenants. New roof with 15 yr warranty (2018), new gas hot water heater for building (2019). Apt 1: $1250; central air; gas heat, dishwasher, in-unit laundry, pvt courtyard; has a lease through April 2021 and takes out trash, clears snow. Apt 2: $1,030; M2M, 3 bedrooms plus sunroom office, pvt balcony, spacious rooms, in-unit laundry; longer term tenant - with some cosmetic improvements rent could certainly increase. Apt 3: $765, M2M, 2 beds, pvt balcony, longer term tenant, current market rent in its current condition is $825. Apt 4: $680, M2M, 1 bedroom with open living/kitchen and plenty of closet space; rent could increase to market rent of $700. Laundry could be added to basement for units 3+4 if desired. Tenants pay unit electric and gas (all units have gas stoves). Landlord pays for the hot water on a house gas meter and a house electric bill for the stairs and basement. See documents for income/expense. Listing agent is owner/seller and is a licensed PA Broker.
  • Special Features: None

Interior Features

  • Total Sq Ft: 4809
  • Living Area Sq Ft: 4809
  • Price Per Sq Ft: 80.06
  • Above Grade Finished Sq Ft: 4809
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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 Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 403.00
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 209300.00
  • Land Assessed Value: 35600.00
  • Land Use Code: 575
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2020
  • Zoning: RES

Rental Info

  • Number Of Units Month To Month: 3
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Water, Trash Collection, Pest Control
  • Total Actual Rent: 44700.00
  • Units Leased Count: 4
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 4058550
  • School Tax: 5457.00
  • Tax Annual Amount: 9035.00
  • Assessor Parcel Number: 335-02709-0-0000
  • Tax Total Finished Sq Ft: 4809
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 08/13/2020

Multi Family

  • Gross Income: 44700.00
  • Operating Expense: 16606.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 13, 2020
Sold by
Landmark 85 Llc
Bought by
Norwich Real Estate Associates Llc
Seller's Agent
Corinn Kirchner
PPM Real Estate, Inc.
Buyer's Agent
Corinn Kirchner
PPM Real Estate, Inc.
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%
Current Estimated Value
$617,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,733
Avg. Annual Appreciation
9.14%
Original Mortgage
$288,000
Outstanding Balance
$259,465
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$298,425

Purchase Details

Closed on
Jul 13, 2018
Sold by
15 North Pine Llc
Bought by
Landmark 85 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2017
Sold by
Hoffer Paul R
Bought by
15 North Pine Llc

Purchase Details

Closed on
Sep 26, 1997
Bought by
Hoffer Paul R
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
Norwich Real Estate Associates Llc $360,000 None Available
Landmark 85 Llc $275,000 Abstract Associates Of Lanca
15 North Pine Llc -- None Available
Hoffer Paul R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norwich Real Estate Associates Llc $288,000
Previous Owner Landmark 85 Llc $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $360,000 -6.5% $75 / Sq Ft
07/01/2020 07/01/20 For Sale $385,000 -- $80 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
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 $9,691 $244,900 $35,600 $209,300
2023 $9,528 $244,900 $35,600 $209,300
2022 $9,131 $244,900 $35,600 $209,300
2021 $8,935 $244,900 $35,600 $209,300
2020 $8,935 $244,900 $35,600 $209,300
2019 $8,801 $244,900 $35,600 $209,300
2018 $5,223 $244,900 $35,600 $209,300
2017 $6,150 $133,900 $20,800 $113,100
2016 $6,094 $133,900 $20,800 $113,100
2015 $2,377 $133,900 $20,800 $113,100
2014 $5,318 $133,900 $20,800 $113,100
Source: Public Records

Agents Affiliated with this Home

  • Corinn Kirchner

    Seller's Agent in 2020

    Corinn Kirchner

    PPM Real Estate, Inc.

    (717) 666-8818

    5 in this area

    50 Total Sales

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Map

Source: Bright MLS

MLS Number: PALA165876

Bright MLS

APN: 335-02709-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

15 N Pine St, Lancaster, PA

This home is located at 15 N Pine St, Lancaster, PA 17603 since 01 July 2020 and is currently estimated at $617,733, approximately $128 per square foot. This property was built in 1900. 15 N Pine St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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