NOT LISTED FOR SALE

2 E New St Lancaster, PA 17602

Ross Neighborhood

Estimated Value: $408,202

-- Bed
-- Bath
993 Sq Ft
$411/Sq Ft Est. Value

Last Sold December 02, 2015

Last sale price $169,000 $170 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,690/month

About This Home

As of December 2015

Profitable 4 unit. 3 unites have a New St address. The 4th unit is 635 N Queen St. Off street parking.

Last Agent to Sell the Property

Tom Demascola

(717) 951-8034 demascola@yahoo.com Coldwell Banker Realty Listed on: 11/21/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Dirt Floor

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 1 Parking Space
  • On-Street Parking
  • Off-Street Parking

Schools

  • Mccaskey East High School

Utilities

  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3363301700000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals, parking
  • Electric Expense $240
  • Insurance Expense $1,575
  • Maintenance Expense $300
  • Other Expense $200
  • Trash Expense $823
  • Operating Expense $4,138
  • Net Operating Income $14,719

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 200.00
  • Storage: Basement
  • Year Built: 1890
  • Remarks Public: Profitable 4 unit. 3 unites have a New St address. The 4th unit is 635 N Queen St. Off street parking.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Dirt Floor, Full, Outside Entrance, Unfinished
  • Street Number Modifier: 2

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Fire Escape
  • Roof: Composite, Shingle, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 1.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 240.00
  • Electric Service: 100 Amp Service
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY EAST
  • School District Key: 300200397286
  • High School: MCCASKEY EAST

Lot Info

  • Lot Size Acres: 0.04
  • Zoning: RES/MULTI
  • Zoning Description: Commercial,Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4060899
  • School Tax: 2713.13
  • Tax Annual Amount: 4483.30
  • Assessor Parcel Number: 3363301700000
  • County Tax Payment Frequency: Annually
  • Close Date: 12/02/2015

Multi Family

  • Gross Income: 23340.00
  • Income Includes: Apartment Rentals, Parking
  • Metering: Fully Separate
  • Operating Expense: 4138.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2015
Closed on
Dec 2, 2015
Sold by
Bjanes Harold A and Rombach Stacy L
Bought by
Esh Elmer J
Seller's Agent
Tom Demascola
Coldwell Banker Realty
List Price
$169,900
Sold Price
$169,000
Premium/Discount to List
-$900
-0.53%
Current Estimated Value
$408,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,202
Avg. Annual Appreciation
9.13%
Original Mortgage
$135,200
Outstanding Balance
$82,555
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$315,772

Purchase Details

Closed on
Mar 28, 2002
Sold by
Herr Daniel L and Herr Debra A
Bought by
Knauer Jeffrey L and Knauer Deborah F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
6.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1999
Sold by
Baker Stephen C and Baker John L
Bought by
Herr Daniel L and Herr Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,110
Interest Rate
6.92%
Mortgage Type
Commercial
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
Esh Elmer J $169,000 Attorney
Knauer Jeffrey L $101,900 --
Herr Daniel L $87,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esh Elmer J $135,200
Previous Owner Bjanes Harold A $74,800
Previous Owner Knauer Jeffrey L $81,500
Previous Owner Herr Daniel L $79,110
Closed Herr Daniel L $4,395
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2015 12/02/15 Sold $169,000 -0.5% $170 / Sq Ft
11/21/2015 11/21/15 Pending -- -- --
11/21/2015 11/21/15 For Sale $169,900 -- $171 / 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 $6,402 $161,800 $35,600 $126,200
2024 $6,402 $161,800 $35,600 $126,200
2023 $6,295 $161,800 $35,600 $126,200
2022 $6,033 $161,800 $35,600 $126,200
2021 $5,903 $161,800 $35,600 $126,200
2020 $5,903 $161,800 $35,600 $126,200
2019 $5,815 $161,800 $35,600 $126,200
2018 $3,451 $161,800 $35,600 $126,200
2017 $4,579 $99,700 $20,800 $78,900
2016 $4,538 $99,700 $20,800 $78,900
2015 $1,770 $99,700 $20,800 $78,900
2014 $3,960 $99,700 $20,800 $78,900
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tom Demascola

    Coldwell Banker Realty

    (717) 951-8034

    25 Total Sales

    Tom Demascola
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002737241

Bright MLS

APN: 336-33017-0-0000

Pennsylvania Lancaster County Lancaster 17602 Ross

2 E New St, Lancaster, PA

This home is located at 2 E New St, Lancaster, PA 17602 since 21 November 2015 and is currently estimated at $408,202, approximately $411 per square foot. This property was built in 1890. 2 E New St is a home located in Lancaster County with nearby schools including Ross Elementary School, Reynolds Middle School, and McCaskey High School.

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