$340,000
SOLD OCT 20, 2017

221 N Duke St Hummelstown, PA 17036

-- Bed
-- Bath
1,064 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$320 Per Sq Ft

3% Below List Price

63 Days on Market

Highlights

  • Deck
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Living Room
  • Dining Room

About This Home

As of October 2017

Calling all investors! A rare opportunity to own 3 condos under one roof in Hummelstown. 8% CAP RATE! All units have been remodeled with new Kitchens, bathrooms, paint and handscraped wood flooring. Units include SS appliances w/ fridge and washer/dryer. All units are on annual leases with strong tenants. Easily rented to resident doctors (180) entering the area every spring looking to be in close proximity to the Hershey Med Center. Management fee reflects $200 monthly condo fees paid by landlord.

Last Agent to Sell the Property

Jason Manges

Coldwell Banker Realty Listed on: 07/05/2017

Coldwell Banker Realty

Last Buyer's Agent

Joshua Shope

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,670

Year Built

  • Built in 1986

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,064 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Gas Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Lower Dauphin Middle School
  • Lower Dauphin High School

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water, sewer, water, heat
  • The owner pays for real estate taxes, repairs
  • Assessor Parcel Number 310050090000000, 3100501200000

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $555
  • Manager Expense $7,200
  • Operating Expense $13,425
  • Net Operating Income $27,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,670

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • New Construction: No
  • Year Built: 1986
  • Remarks Public: Calling all investors! A rare opportunity to own 3 condos under one roof in Hummelstown. 8% CAP RATE! All units have been remodeled with new Kitchens, bathrooms, paint and handscraped wood flooring. Units include SS appliances w/ fridge and washer/dryer. All units are on annual leases with strong tenants. Easily rented to resident doctors (180) entering the area every spring looking to be in close proximity to the Hershey Med Center. Management fee reflects $200 monthly condo fees paid by landlord.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven/Range - Gas, Refrigerator, Washer, Dryer, Disposal, Oven - Single, Stove
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Room List: Living Room, Dining Room, Kitchen
  • Total Sq Ft: 1064
  • Living Area Sq Ft: 1064
  • Price Per Sq Ft: 328.67
  • Above Grade Finished Sq Ft: 1064
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221 A,C,F

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Fiberglass, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • HOA: No
  • Professional Management Expense: 7200.00

Schools

  • School District: LOWER DAUPHIN
  • Middle School: LOWER DAUPHIN
  • High School: LOWER DAUPHIN
  • School District Key: 300200396850
  • High School: LOWER DAUPHIN
  • Middle Or Junior School: LOWER DAUPHIN

Lot Info

  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: Yes
  • Zoning Description: Residential

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Taxes - Real Estate, Repairs
  • Tenant Pays: Cable Tv, Electricity, Hot Water, Sewer, Water, Heat
  • Vacation Rental: No

Multi Family

  • Gross Income: 40800.00
  • Metering: Fully Separate
  • Operating Expense: 13425.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 5670.00
  • Assessor Parcel Number: 310050090000000, 3100501200000
  • Tax Year: 2016
  • Close Date: 10/20/2017

MLS Schools

  • School District Name: LOWER DAUPHIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2018
Sold by
Fort Patrice E and Chiari Estelle F
Bought by
Mas Property Investments Llc
Current Estimated Value
$223,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2015
Sold by
J R Lotwick Sheriff
Bought by
Magnolia Duke Street Holdings Llc

Purchase Details

Closed on
Nov 10, 2015
Sold by
J R Lotwick Sheriff
Bought by
Magnolia Duke Street Holdings Llc

Purchase Details

Closed on
Aug 13, 2007
Sold by
Hogg Timothy J
Bought by
Fort Patrice E and Chiari,Estelle F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.51%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $131,000 Title Services
Sheriffs Deed -- None Available
Sheriffs Deed -- None Available
Warranty Deed $159,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $71,000 Commercial
Open $421,000 Commercial
Closed $104,800 Purchase Money Mortgage
Previous Owner $124,700 New Conventional
Previous Owner $270,000 Unknown
Previous Owner $1,350,000 Unknown
Previous Owner $143,910 New Conventional
Previous Owner $728,900 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $340,000 -2.8% $320 / Sq Ft
09/06/2017 09/06/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $349,700 -- $329 / 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 $2,081 $63,700 $13,800 $49,900
2024 $1,908 $63,700 $13,800 $49,900
2023 $1,850 $63,700 $13,800 $49,900
2022 $1,815 $63,700 $13,800 $49,900
2021 $1,815 $63,700 $13,800 $49,900
2020 $1,815 $63,700 $13,800 $49,900
2019 $1,815 $63,700 $13,800 $49,900
2018 $1,815 $63,700 $13,800 $49,900
2017 $1,815 $63,700 $13,800 $49,900
2016 $0 $63,700 $13,800 $49,900
2015 -- $63,700 $13,800 $49,900
2014 -- $63,700 $13,800 $49,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002665867

Bright MLS

APN: 31-005-013