NOT LISTED FOR SALE

1508 W Main St Ephrata, PA 17522

Estimated Value: $375,000 - $397,000

-- Bed
2 Baths
1,716 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 14, 2022

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

Est. 9% increase in value since last sale

Current estimated payment $2,431/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

(717) 725-9629 dhorst84@gmail.com Hauenstein Agency, Inc. Listed on: 09/10/2022

Last Buyer's Agent

Brian Weiland

(717) 682-5699 Brian@brianweilandteam.com 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
  • 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

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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 138200.00
  • Land Assessed Value: 62200.00
  • 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
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 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
$385,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,916
Avg. Annual Appreciation
2.69%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $4,806 $200,400 $62,200 $138,200
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 in this area

    2 Total Sales

    Derek Horst
    Section Image
  • Brian Weiland

    Buyer's Agent in 2022

    Brian Weiland

    RE/MAX

    (717) 682-5699

    10 in this area

    94 Total Sales

    Brian Weiland
    Section Image
See All Agents

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

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes