NOT LISTED FOR SALE

211 N Ann St Lancaster, PA 17602

East Side Neighborhood

Estimated Value: $598,539

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold March 24, 2017

Last sale price $342,500

Est. 75% increase in value since last sale

Current estimated payment $4,236/month

258 Days on Market

Highlights

  • 0.25 Acre Lot
  • Window Unit Cooling System
  • Baseboard Heating
  • No HOA
  • Home Security System

About This Home

As of March 2017

3 Unit Mixed Use Property. Potential for investor OR OWNER OCCUPIED! First flr 4,000sf comm/light industrial space is avail. NOI over $35k at full occupancy =9% CAP RATE. 2nd flr consists of leased comm. space & leased 2bed apt. 1st flr marketd for $2100/mo. & features retail/showrm/office area, heated warehouse space & 2 drive in doors. Boarded windows can be reopened! Ability to park 1-2 cars in fenced in rear of bldg. See photo for income/exp.

Last Agent to Sell the Property

Tracy Horst

PPM Real Estate, Inc. License #AB069429 Listed on: 05/06/2016

Co-Listed By

Corinn Kirchner

PPM Real Estate, Inc. License #RM425642

Last Buyer's Agent

Corinn Kirchner

PPM Real Estate, Inc. License #RM425642

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x50

Home Design

  • Rubber Roof

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3367107500000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals, professional offices
  • Net Operating Income $45,391

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Current Use: Office
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: 3 Unit Mixed Use Property. Potential for investor OR OWNER OCCUPIED! First flr 4,000sf comm/light industrial space is avail. NOI over $35k at full occupancy =9% CAP RATE. 2nd flr consists of leased comm. space & leased 2bed apt. 1st flr marketd for $2100/mo. & features retail/showrm/office area, heated warehouse space & 2 drive in doors. Boarded windows can be reopened! Ability to park 1-2 cars in fenced in rear of bldg. See photo for income/exp.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Street Number Modifier: 211

Exterior Features

  • Construction Materials: Block
  • Construction Completed: No
  • Roof: 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: 2.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286

Lot Info

  • Land Use Code: C-573
  • Lot Size Acres: 0.25
  • Lot Dimensions: 90X50
  • Zoning: R-3
  • Zoning Description: Res/Multi-Family,Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4062339
  • School Tax: 6311.98
  • Tax Annual Amount: 10444.96
  • Assessor Parcel Number: 3367107500000
  • County Tax Payment Frequency: Annually
  • Close Date: 03/24/2017

Multi Family

  • Gross Income: 55740.00
  • Income Includes: Apartment Rentals, Professional Offices
  • 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
Oct 23, 2017
Sold by
Edge Holdings Inc
Bought by
War Lp
Current Estimated Value
$598,539

Purchase Details

Listed on
May 6, 2016
Closed on
Mar 24, 2017
Sold by
Trip Jacks Llc
Bought by
Edge Holdings Inc
Seller's Agent
Tracy Horst
PPM Real Estate, Inc.
Buyer's Agent
Corinn Kirchner
PPM Real Estate, Inc.
List Price
$389,900
Sold Price
$342,500
Premium/Discount to List
-$47,400
-12.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Oct 10, 2007
Sold by
Venuti Exchange Services Llc
Bought by
Trip Jacks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.49%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
War Lp $302,500 None Available
Edge Holdings Inc $342,500 None Available
Trip Jacks Llc -- First American Title Ins Co
1031 Venuti Exchange Services Llc $320,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trip Jacks Llc $495,000
Previous Owner Trip Jacks Llc $223,339
Previous Owner Trip Jacks Llc $142,500
Previous Owner 1031 Venuti Exchange Services Llc $320,000
Previous Owner 1031 Venuti Exchange Services Llc $334,862
Previous Owner Slovak John P $74,929
Previous Owner Slovak John P $290,000
Previous Owner Slovak John P $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Sold $342,500 -12.2% --
01/19/2017 01/19/17 Pending -- -- --
05/06/2016 05/06/16 For Sale $389,900 -- --
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
2024 $11,171 $282,300 $47,100 $235,200
2023 $10,983 $282,300 $47,100 $235,200
2022 $10,525 $282,300 $47,100 $235,200
2021 $10,300 $282,300 $47,100 $235,200
2020 $10,300 $282,300 $47,100 $235,200
2019 $10,145 $282,300 $47,100 $235,200
2018 $6,021 $282,300 $47,100 $235,200
2016 $10,349 $227,400 $31,400 $196,000
2015 $4,037 $227,400 $31,400 $196,000
2014 $9,032 $227,400 $31,400 $196,000
Source: Public Records

Agents Affiliated with this Home

  • Tracy Horst

    Seller's Agent in 2017

    Tracy Horst

    PPM Real Estate, Inc.

    (717) 394-3374

    1 in this area

    30 Total Sales

    Section Image
  • Corinn Kirchner

    Seller Co-Listing Agent in 2017

    Corinn Kirchner

    PPM Real Estate, Inc.

    (717) 666-8818

    1 in this area

    51 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002738393

Bright MLS

APN: 336-71075-0-0000

Pennsylvania Lancaster County Lancaster 17602 East Side

211 N Ann St, Lancaster, PA

This home is located at 211 N Ann St, Lancaster, PA 17602 since 06 May 2016 and is currently estimated at $598,539. This property was built in 1930. 211 N Ann St is a home located in Lancaster County with nearby schools including Wickersham Elementary School, Lincoln Middle School, and McCaskey High School.

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