NOT LISTED FOR SALE

212 N Railroad St Palmyra, PA 17078

Estimated Value: $426,682

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold May 10, 2019

Last sale price $250,000

Est. 71% increase in value since last sale

Current estimated payment $2,698/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 6 Car Detached Garage
  • Palmyra Area Senior High School Rated 9+
  • No HOA
  • 3-minute walk to Club Fido

About This Home

As of May 2019

Five one bedroom apartments with gas heat and easy to rent. Two on main floor, two on second floor and one on third floor. In addition to the off street and on street parking for tenants, the seven garages provide additional income in the alley by the Shoe Factory. This property offers an excellent cap rate.

Last Agent to Sell the Property

Joseph Gallo

(717) 329-1739 josephgallo@cs.com RE/MAX at Hershey License #RM060580A Listed on: 02/27/2019

Last Buyer's Agent

Kore Fisher

(717) 786-6200 korefisher@gmail.com Fisher Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,281

Year Built

  • Built in 1920

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Parking

  • 6 Car Detached Garage
  • 5 Open Parking Spaces
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Replacement Windows
  • Wood Flooring
  • Built-In Range
  • Unfinished Basement

Outdoor Features

  • Shed
  • Outbuilding

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, trash collection, water, common area maintenance, lawn/shrub care, pest control, repairs, real estate taxes, snow removal, insurance
  • Assessor Parcel Number 16-2289901-358008-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Operating Expense $6,900
  • Gross Income $34,560
  • Net Operating Income $27,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,281

Year Built

Built in 1920

Lot Details

0

Parking

6

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: stoves and refrigerators
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Five one bedroom apartments with gas heat and easy to rent. Two on main floor, two on second floor and one on third floor. In addition to the off street and on street parking for tenants, the seven garages provide additional income in the alley by the Shoe Factory. This property offers an excellent cap rate.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator
  • Flooring Type: Hardwood
  • Window Features: Replacement
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 212

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s), Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Outbuilding(s), Secure Storage
  • Roof: Asphalt
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 6.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 6
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 636.00
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PALMYRA AREA
  • School District Key: 300200397383
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 137800.00
  • Land Assessed Value: 55900.00
  • Land Use Code: 319
  • Lot Size Acres: 0.28
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12197.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 4
  • Owner Pays: Sewer, Trash Collection, Water, Common Area Maintenance, Lawn/Shrub Care, Pest Control, Repairs, Taxes - Real Estate, Snow Removal, Insurance
  • Rent Control: No
  • Total Actual Rent: 34560.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10319530
  • School Tax: 2975.00
  • Tax Annual Amount: 4281.00
  • Assessor Parcel Number: 16-2289901-358008-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 05/10/2019

Multi Family

  • Gross Income: 34560.00
  • Gross Scheduled Income: 34560.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6900.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
May 8, 2019
Sold by
Appleby James G and Appleby Maureen A
Bought by
Sunrise Rentals Llc
Seller's Agent
Joseph Gallo
RE/MAX at Hershey
Buyer's Agent
Kore Fisher
Fisher Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$426,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,682
Avg. Annual Appreciation
8.61%
Original Mortgage
$187,500
Outstanding Balance
$164,177
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$262,505
Source: Public Records

Range of Values:

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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
Sunrise Rentals Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunrise Rentals Llc $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $250,000 0.0% --
03/01/2019 03/01/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $250,000 -- --
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 $5,535 $193,700 $55,900 $137,800
2024 $4,890 $193,700 $55,900 $137,800
2023 $437 $193,700 $55,900 $137,800
2022 $417 $193,700 $55,900 $137,800
2021 $387 $193,700 $55,900 $137,800
2020 $4,281 $193,700 $55,900 $137,800
2019 $4,189 $193,700 $55,900 $137,800
2018 $4,057 $193,700 $55,900 $137,800
2017 $1,201 $193,700 $55,900 $137,800
2016 $3,809 $193,700 $55,900 $137,800
2015 -- $193,700 $55,900 $137,800
2014 -- $193,700 $55,900 $137,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joseph Gallo

    RE/MAX

    Section Image

  • K

    Buyer's Agent in 2019

    Kore Fisher

    Fisher Realty

    (717) 786-6200

    1 in this area

    164 Total Sales

    Kore Fisher
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN104630

Bright MLS

APN: 16-2289901-358008-0000

Pennsylvania Lebanon County Palmyra 17078

212 N Railroad St, Palmyra, PA

This home is located at 212 N Railroad St, Palmyra, PA 17078 since 27 February 2019 and is currently estimated at $426,682. This property was built in 1920. 212 N Railroad St is a home located in Lebanon County with nearby schools including Palmyra Area Senior High School and St. Joan of Arc Elementary School.

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