NOT LISTED FOR SALE

1508 W Main St Ephrata, PA 17522

Estimated Value: $361,000 - $409,708

-- Bed
2 Baths
1,716 Sq Ft
$221/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $355,000 $207 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,517/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Eat-In Kitchen
  • Forced Air Heating System
  • Corner Lot
  • Outdoor Storage
  • Electric Baseboard Heater

About This Home

As of October 2022

Excellent opportunity to purchase an investment property. This property includes a residential two-unit with existing tenants and 10 additional storage units also occupied. Nice level corner lot. Tenants currently pay all utilities. Come check out a rare chance at so much revenue potential.

Last Agent to Sell the Property

Derek Horst

Hauenstein Agency, Inc. Listed on: 09/10/2022

Last Buyer's Agent

Brian Weiland

RE/MAX Pinnacle

RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 1880

Lot Details

  • 0.32 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is in good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Stone Foundation
  • Frame Construction
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 1,716 Sq Ft Home
  • Carpet
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Outdoor Features

  • Outdoor Storage

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 260-71434-0-0000

Community Details

Overview

  • 3 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,589

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Fridge in unit 1 breezeway, stove, washer and dryer in unit 1. Tenant owns them.
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: Yes
  • Remarks Public: Excellent opportunity to purchase an investment property. This property includes a residential two-unit with existing tenants and 10 additional storage units also occupied. Nice level corner lot. Tenants currently pay all utilities. Come check out a rare chance at so much revenue potential.
  • Special Features: None

Interior Features

  • Interior Amenities: Carpet, Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished, Full
  • Total Sq Ft: 1716
  • Living Area Sq Ft: 1716
  • Price Per Sq Ft: 174.77
  • Above Grade Finished Sq Ft: 1716
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1508

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Frame, Metal Siding
  • Exterior Features: Secure Storage
  • Roof: Metal
  • 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: Asphalt Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil, Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: EPHRATA AREA
  • School District Key: 300200397381
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 138200.00
  • Land Assessed Value: 62200.00
  • Land Use Code: 114
  • Lot Features: Corner, Level
  • Lot Size Acres: 0.32
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: NEIGHBORHOOD COMMERCIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Insurance, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 29375.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4026192
  • School Tax: 3653.00
  • Tax Annual Amount: 4589.00
  • Assessor Parcel Number: 260-71434-0-0000
  • Tax Total Finished Sq Ft: 1716
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/14/2022

Multi Family

  • Gross Income: 29375.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: EPHRATA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Oct 14, 2022
Sold by
Potts Daniel J and Potts Amy R
Bought by
Martin Weaver Holdings Llc
Seller's Agent
Derek Horst
Hauenstein Agency, Inc.
Buyer's Agent
Brian Weiland
RE/MAX Pinnacle
List Price
$299,900
Sold Price
$355,000
Premium/Discount to List
$55,100
18.37%
Views
15
Current Estimated Value
$383,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,074
Avg. Annual Appreciation
2.06%

Purchase Details

Closed on
Apr 10, 2002
Sold by
Kreider Lloyd H and Kreider Doris H
Bought by
Potts Daniel J and Potts Amy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.84%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Martin Weaver Holdings Llc $355,000 --
Potts Daniel J $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Potts Daniel J $147,700
Previous Owner Potts Daniel J $50,000
Previous Owner Potts Daniel J $100,000
Previous Owner Potts Daniel J $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $355,000 +18.4% $207 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/10/2022 09/10/22 For Sale $299,900 -- $175 / 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 $4,806 $200,400 $62,200 $138,200
2023 $4,688 $200,400 $62,200 $138,200
2022 $4,488 $200,400 $62,200 $138,200
2021 $4,393 $200,400 $62,200 $138,200
2020 $4,393 $200,400 $62,200 $138,200
2019 $4,333 $200,400 $62,200 $138,200
2018 $3,397 $200,400 $62,200 $138,200
2017 $4,033 $152,400 $37,600 $114,800
2016 $4,001 $152,400 $37,600 $114,800
2015 $885 $152,400 $37,600 $114,800
2014 $2,987 $152,400 $37,600 $114,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Derek Horst

    Hauenstein Agency, Inc.

    (717) 725-9629

    2 Total Sales

    Section Image
  • Brian Weiland

    Buyer's Agent in 2022

    Brian Weiland

    RE/MAX

    (717) 682-5699

    106 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PALA2024496

Bright MLS

APN: 260-71434-0-0000

Pennsylvania Lancaster County Ephrata 17522

1508 W Main St, Ephrata, PA

This home is located at 1508 W Main St, Ephrata, PA 17522 since 10 September 2022 and is currently estimated at $379,177, approximately $220 per square foot. This property was built in 1880. 1508 W Main St is a home located in Lancaster County with nearby schools including Ephrata Intermediate School, Clay Elementary School, and Ephrata Senior High School.

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