NOT LISTED FOR SALE

205 E King St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $400,000 - $468,692

Studio
-- Bath
2,883 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 04, 2016

Last sale price $197,000 $68 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,592/month

27 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Forced Air Heating System
  • 1 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of May 2016

Nice,well maintained 2 unit building with garage house/garage rental in rear. Separate electric,2 furnaces. This is a great location for a professional office in an up and coming neighborhood, 1/2 block from parking garage. Endless possibilities.

Last Agent to Sell the Property

Dean Wimer

(717) 314-2491 deanwimer@gmail.com Lusk & Associates Sotheby's International Realty Listed on: 01/28/2016

Lusk & Associates Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,615

Year Built

  • Built in 1870

Lot Details

  • 3,049

Home Design

  • Brick Exterior Construction

Parking

  • 1 Car Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 3,049 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3321720700000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $250
  • Insurance Expense $1,200
  • Trash Expense $420
  • Operating Expense $5,170
  • Net Operating Income $17,015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,615

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Storage: Garage
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Unknown
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Spaces Total: 1.00
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Annual Heating Expense: 2200.00
  • Central Air Conditioning: No
  • Cooling: Yes
  • Electric Expense: 250.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1100.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.07
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4056293
  • School Tax: 2187.92
  • Tax Annual Amount: 3615.42
  • Assessor Parcel Number: 3321720700000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 25800.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5170.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
May 4, 2016
Sold by
Au Kim T
Bought by
Catsbyco Llc
Seller's Agent
Dean Wimer
Lusk & Associates Sotheby's International Realty
List Price
$198,000
Sold Price
$197,000
Premium/Discount to List
-$1,000
-0.51%
Current Estimated Value
$404,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,659
Avg. Annual Appreciation
8.47%
Original Mortgage
$118,000
Outstanding Balance
$94,089
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$340,257

Purchase Details

Closed on
Mar 20, 2015
Sold by
Buitrago Hector
Bought by
Au Kim T

Purchase Details

Closed on
Oct 28, 2005
Sold by
Way John E and Butt Marilyn R
Bought by
Au Kim T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.85%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records
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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
Catsbyco Llc $197,000 None Available
Au Kim T -- None Available
Au Kim T $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catsbyco Llc $118,000
Previous Owner Au Kim T $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2016 05/04/16 Sold $197,000 -0.5% $68 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $198,000 -- $69 / 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 $5,959 $150,600 $40,300 $110,300
2024 $5,959 $150,600 $40,300 $110,300
2023 $5,859 $150,600 $40,300 $110,300
2022 $5,615 $150,600 $40,300 $110,300
2021 $5,495 $150,600 $40,300 $110,300
2020 $5,495 $150,600 $40,300 $110,300
2019 $5,412 $150,600 $40,300 $110,300
2018 $3,212 $150,600 $40,300 $110,300
2017 $3,693 $80,400 $23,500 $56,900
2016 $3,659 $80,400 $23,500 $56,900
2015 $1,428 $80,400 $23,500 $56,900
2014 $3,193 $80,400 $23,500 $56,900
Source: Public Records

Agents Affiliated with this Home

  • Dean Wimer

    Seller's Agent in 2016

    Dean Wimer

    Lusk & Associates Sotheby's International Realty

    (717) 314-2491

    1 in this area

    49 Total Sales

    Dean Wimer
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Map

Source: Bright MLS

MLS Number: 1002723107

Bright MLS

APN: 332-17207-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

205 E King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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