NOT LISTED FOR SALE

150 E Walnut St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $479,085 - $542,000

Studio
3 Baths
3,420 Sq Ft
$152/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $450,000 $132 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,415/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • Back Yard
  • Downtown Location
  • Level Lot
  • 4-minute walk to Musser Park

About This Home

As of June 2023

Great opportunity for owner-occupied multi-unit. Live in one unit and collect rent from two other units. Close to all the downtown activities, walk to the park, restaurant, or wherever you like. At least two off-street parking spots insure you will always have convenient parking. Well maintained building, currently tenant occupied.

Last Agent to Sell the Property

Gail McHenry

(717) 285-4081 gailmchenry@gmail.com Cavalry Realty LLC License #RS153528A Listed on: 04/26/2023

Last Buyer's Agent

Gail McHenry

(717) 285-4081 gailmchenry@gmail.com Cavalry Realty LLC License #RS153528A Listed on: 04/26/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,228

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Downtown Location
  • Level Lot
  • Back Yard

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Masonry

Interior Spaces

  • 3,420 Sq Ft Home
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Private Parking
  • Gravel Driveway
  • Unassigned Parking

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for gas, insurance, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 336-70878-0-0000

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,892
  • Trash Expense $864
  • Operating Expense $12,906
  • Net Operating Income $24,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,228

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2023-04-26
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished, Interior Access
  • Total Sq Ft: 3420
  • Living Area Sq Ft: 3420
  • Price Per Sq Ft: 144.74
  • Above Grade Finished Sq Ft: 3420
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone, Private, Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 176500.00
  • Land Assessed Value: 35000.00
  • Lot Features: Level, Rear Yard
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Gas, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 37800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4062328
  • School Tax: 4939.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8228.00
  • Assessor Parcel Number: 336-70878-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 12906.24

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jun 7, 2023
Sold by
Mustico Donna
Bought by
Webber Andrew R and Nurkiewicz Adriana
Seller's Agent
Gail McHenry
Cavalry Realty LLC
Buyer's Agent
Gail McHenry
Cavalry Realty LLC
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Views
83
Current Estimated Value
$519,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,771
Avg. Annual Appreciation
5.75%
Original Mortgage
$337,500
Outstanding Balance
$328,409
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$191,362

Purchase Details

Closed on
May 15, 2009
Sold by
Phillips Lance
Bought by
Mustico Donna
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Webber Andrew R $450,000 None Listed On Document
Mustico Donna $171,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webber Andrew R $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $450,000 -9.1% $132 / Sq Ft
05/06/2023 05/06/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $495,000 -- $145 / 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 $8,369 $211,500 $35,000 $176,500
2024 $8,369 $211,500 $35,000 $176,500
2023 $8,228 $211,500 $35,000 $176,500
2022 $7,886 $211,500 $35,000 $176,500
2021 $7,716 $211,500 $35,000 $176,500
2020 $7,716 $211,500 $35,000 $176,500
2019 $7,601 $211,500 $35,000 $176,500
2018 $4,511 $211,500 $35,000 $176,500
2017 $5,163 $112,400 $21,600 $90,800
2016 $5,116 $112,400 $21,600 $90,800
2015 $1,996 $112,400 $21,600 $90,800
2014 $4,464 $112,400 $21,600 $90,800
Source: Public Records

Agents Affiliated with this Home

  • Gail McHenry

    Seller's Agent in 2023

    Gail McHenry

    Cavalry Realty LLC

    (717) 285-4081

    1 in this area

    4 Total Sales

    Gail McHenry
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Map

Source: Bright MLS

MLS Number: PALA2033016

Bright MLS

APN: 336-70878-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

150 E Walnut St, Lancaster, PA

Not Listed for Sale

MultiFamily

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