NOT LISTED FOR SALE

22 N Railroad St Palmyra, PA 17078

Estimated Value: $193,000 - $245,000

-- Bed
2 Baths
1,728 Sq Ft
$131/Sq Ft Est. Value

Last Sold March 21, 2016

Last sale price $84,000 $49 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $1,478/month

216 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Forced Air Heating and Cooling System
  • Palmyra Area Senior High School Rated 9+

About This Home

As of March 2016

Property is in very good condition. Ideal for both the investor and the owner occupant. Owner re did the 2nd floor about 5 years ago into a spacious 2 bedroom apartment for one of the family. The lower level was occupied by the owner as a medical practice and is current available for lease. The previous 2nd floor tenant paid $700/mo. Owner indicated that operating expenses for the building averaged about $500/mo.

Last Agent to Sell the Property

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L Listed on: 07/31/2015

RE/MAX Pinnacle

Last Buyer's Agent

NON MEMBER

NONMEM

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 3,920

Home Design

  • 1,728 Sq Ft Home
  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for accounting/legal, insurance, real estate taxes, repairs
  • Assessor Parcel Number 16-2290409-357285-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,800
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Current Use: Mixed
  • New Construction: No
  • Year Built: 1933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Microwave, Oven - Single, Stove
  • Fireplace: No
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 63.66
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Construction Completed: No
  • Exterior Features: Secure Storage
  • Roof: Fiberglass, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Zoning Description: Commercial

Rental Info

  • Lease Term: Other
  • Owner Pays: Accounting/Legal, Insurance, Taxes - Real Estate, Repairs
  • Tenant Pays: Cable Tv
  • Vacation Rental: No

Multi Family

  • Gross Income: 16800.00
  • Operating Expense: 3800.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 10319698
  • Tax Annual Amount: 2200.00
  • Assessor Parcel Number: 16-2290409-357285-0000
  • Tax Year: 2015

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2015
Closed on
Mar 21, 2016
Sold by
Rossetti David F and Eby Cathy A
Bought by
Hull Stephen M and Hull Cherish F
Seller's Agent
Robert Fox
RE/MAX Pinnacle
Buyer's Agent
NON MEMBER
NONMEM
List Price
$110,000
Sold Price
$84,000
Premium/Discount to List
-$26,000
-23.64%
Current Estimated Value
$225,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,206
Avg. Annual Appreciation
10.73%
Original Mortgage
$80,000
Outstanding Balance
$34,605
Interest Rate
3.72%
Mortgage Type
Unknown
Estimated Equity
$192,057
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
Hull Stephen M $84,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hull Stephen M $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2016 03/21/16 Sold $84,000 -23.6% $49 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $110,000 -- $64 / 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 $3,518 $123,100 $20,000 $103,100
2024 $3,108 $123,100 $20,000 $103,100
2023 $3,108 $123,100 $20,000 $103,100
2022 $2,964 $123,100 $20,000 $103,100
2021 $2,756 $123,100 $20,000 $103,100
2020 $2,721 $123,100 $20,000 $103,100
2019 $2,662 $123,100 $20,000 $103,100
2018 $2,578 $123,100 $20,000 $103,100
2017 $764 $123,100 $20,000 $103,100
2016 $2,420 $123,100 $20,000 $103,100
2015 -- $123,100 $20,000 $103,100
2014 -- $123,100 $20,000 $103,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002744505

Bright MLS

APN: 16-2290409-357285-0000