NOT LISTED FOR SALE

205 W King St Lancaster, PA 17603

Downtown Lancaster Neighborhood

Estimated Value: $282,281 - $360,000

Studio
-- Bath
2,450 Sq Ft
$131/Sq Ft Est. Value

Sale Details

Date Sold: October 11, 2013

Last sale price $139,000 $57 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $2,155 / mo

2 Days on Market

Highlights

  • 0.1 Acre Lot
  • Radiator
  • 2-minute walk to Steinman Park
  • No HOA

About This Home

As of October 2013

4 units, full rented-Good location across from McDonalds-$1,985 per month rent-Clean units-This investment is ready to go

Last Agent to Sell the Property

Curvin Horning

(717) 733-4777 lynn@kingswayrealty.com Kingsway Realty - Ephrata Listed on: 09/05/2013

Last Buyer's Agent

Curvin Horning

(717) 733-4777 lynn@kingswayrealty.com Kingsway Realty - Ephrata Listed on: 09/05/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 16 x 138

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Mccaskey East High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3310337400000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $360
  • Fuel Expense $1,600
  • Insurance Expense $1,400
  • Other Expense $175
  • Trash Expense $800
  • Operating Expense $5,535

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Other Expense: 175.00
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Fire Escape
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 360.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MCCASKEY EAST

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 16 x 138
  • Zoning: COMM
  • Zoning Description: Commercial,Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4055806
  • School Tax: 2138.60
  • Tax Annual Amount: 3522.54
  • Assessor Parcel Number: 3310337400000
  • County Tax Payment Frequency: Annually

Multi Family

  • Fuel Expense: 1600.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5535.00
  • 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

Closed on
Aug 14, 2014
Sold by
Lantz Gideon S and Horning Curvin
Bought by
Wy Enterprises Llc
Current Estimated Value
$321,141

Purchase Details

Listed on
Sep 5, 2013
Closed on
Oct 11, 2013
Sold by
Stoltzfoos Abram M and Stoltzfoos Ruth Anna
Bought by
Lantz Gideon S
Seller's Agent
Curvin Horning
Kingsway Realty - Ephrata
Buyer's Agent
Curvin Horning
Kingsway Realty - Ephrata
List Price
$152,000
Sold Price
$139,000
Premium/Discount to List
-$13,000
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$100,000
Interest Rate
4.53%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 28, 2011
Sold by
Stoltzfoos Abram M
Bought by
Stoltzfoos Abram M and Stoltzfoos Ruth Anna

Purchase Details

Closed on
Jan 17, 2008
Sold by
Smith Craig P and Lopez Anfil
Bought by
Stoltzfoos Abram M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2002
Sold by
Stainbrook Scott S and Stainbrook Letitia M
Bought by
Bank Of Lancaster County Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wy Enterprises Llc $11,000 None Available
Lantz Gideon S $139,000 None Available
Stoltzfoos Abram M -- None Available
Stoltzfoos Abram M $135,000 None Available
Bank Of Lancaster County Na $2,673 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lantz Gideon S $100,000
Previous Owner Stoltzfoos Abram M $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2013 10/11/13 Sold $139,000 -8.6% $57 / Sq Ft
09/07/2013 09/07/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $152,000 -- $62 / Sq Ft
Source: Bright MLS

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 $5,433 $137,300 $59,400 $77,900
2024 $5,433 $137,300 $59,400 $77,900
2023 $5,342 $137,300 $59,400 $77,900
2022 $5,119 $137,300 $59,400 $77,900
2021 $5,009 $137,300 $59,400 $77,900
2020 $5,009 $137,300 $59,400 $77,900
2019 $4,934 $137,300 $59,400 $77,900
2018 $2,928 $137,300 $59,400 $77,900
2017 $3,936 $85,700 $20,800 $64,900
2016 $3,900 $85,700 $20,800 $64,900
2015 $1,522 $85,700 $20,800 $64,900
2014 $3,277 $82,500 $23,000 $59,500
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Curvin Horning

    Kingsway Realty - Ephrata

    (717) 606-2226

    1 in this area

    368 Total Sales

    Curvin Horning
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002730439

Bright MLS

APN: 331-03374-0-0000

Pennsylvania Lancaster County Lancaster 17603 Downtown Lancaster

205 W King St, Lancaster, PA

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