NOT LISTED FOR SALE

205 E Cumberland St Lebanon, PA 17042

Downtown Lebanon Neighborhood

Estimated Value: $147,654 - $244,000

-- Bed
3 Baths
2,600 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $70,400 $27 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $1,247/month

12 Days on Market

Highlights

  • Furnished
  • No HOA
  • Heating Available

About This Home

As of April 2013

Unique opportunity to be an investor/landlord! This property includes 7 rooms, 2 kitchens and 3 bathroom PLUS a 1 bedroom apartment. Some long term tenants. Many recent improvements. Call today for more information and to schedule a private showing.

Last Agent to Sell the Property

Michelle Handley

Coldwell Banker Realty Listed on: 02/27/2013

Coldwell Banker Realty

Last Buyer's Agent

Cheryl Caloiero

Berkshire Hathaway HomeServices Homesale Realty License #RS152882A

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 5,663

Home Design

  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • Furnished

Schools

  • Lebanon High School

Utilities

  • Heating Available

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, repairs
  • Assessor Parcel Number 09-2342662-369938

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Electric Expense $3,682
  • Fuel Expense $4,180
  • Trash Expense $870
  • Net Operating Income $123

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Fireplace: No
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 28.04
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Composite, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 3682.00
  • Heating Type: Oil
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 499.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LEBANON
  • High School: LEBANON
  • School District Key: 300200397291
  • High School: LEBANON

Lot Info

  • Zoning Description: Commercial,Other

Rental Info

  • Furnished: Yes
  • Owner Pays: Insurance, Taxes - Real Estate, Repairs
  • Vacation Rental: No

Multi Family

  • Fuel Expense: 4180.00
  • Gross Income: 123.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 2128.00
  • Assessor Parcel Number: 09-2342662-369938
  • Tax Year: 2013
  • Close Date: 04/19/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2013
Closed on
Apr 19, 2013
Sold by
Erickson Todd D and Erickson Karen M
Bought by
Iron Valley Properties Llc
Seller's Agent
Michelle Handley
Coldwell Banker Realty
Buyer's Agent
Cheryl Caloiero
Berkshire Hathaway HomeServices Homesale Realty
List Price
$72,900
Sold Price
$70,400
Premium/Discount to List
-$2,500
-3.43%
Current Estimated Value
$195,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,427
Avg. Annual Appreciation
8.72%
Original Mortgage
$70,400
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2008
Sold by
Greish Marilyn M
Bought by
Erickson Todd D and Erickson Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
6.27%
Mortgage Type
FHA
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
Iron Valley Properties Llc $70,400 None Available
Erickson Todd D $68,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iron Valley Properties Llc $90,000
Closed Iron Valley Properties Llc $70,400
Previous Owner Erickson Todd D $46,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2013 04/19/13 Sold $70,400 -3.4% $27 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $72,900 -- $28 / 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 $2,252 $69,900 $12,600 $57,300
2024 $2,145 $69,900 $12,600 $57,300
2023 $2,145 $69,900 $12,600 $57,300
2022 $2,111 $69,900 $12,600 $57,300
2021 $2,039 $69,900 $12,600 $57,300
2020 $2,039 $69,900 $12,600 $57,300
2019 $2,009 $69,900 $12,600 $57,300
2018 $1,951 $69,900 $12,600 $57,300
2017 $550 $69,900 $12,600 $57,300
2016 $1,899 $69,900 $12,600 $57,300
2015 $1,305 $69,900 $12,600 $57,300
2014 $1,305 $69,900 $12,600 $57,300
Source: Public Records

Agents Affiliated with this Home

  • Michelle Handley

    Seller's Agent in 2013

    Michelle Handley

    Coldwell Banker Realty

    (717) 269-8072

    10 Total Sales

    Michelle Handley
    Section Image

  • C

    Buyer's Agent in 2013

    Cheryl Caloiero

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 533-6222

    23 Total Sales

    Cheryl Caloiero
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002736535

Bright MLS

APN: 09-2342662-369938-0000

Pennsylvania Lebanon County Lebanon 17042 Downtown Lebanon

205 E Cumberland St, Lebanon, PA

This home is located at 205 E Cumberland St, Lebanon, PA 17042 since 27 February 2013 and is currently estimated at $195,827, approximately $75 per square foot. This property was built in 1880. 205 E Cumberland St is a home located in Lebanon County with nearby schools including Southeast Elementary School, Lebanon Intermediate School, and Lebanon Senior High School.

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