NOT LISTED FOR SALE

224 W Franklin St Ephrata, PA 17522

Estimated Value: $233,000 - $274,471

-- Bed
2 Baths
2,030 Sq Ft
$128/Sq Ft Est. Value

Last Sold January 11, 2016

Last sale price $115,000 $57 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,648/month

Highlights

  • No HOA
  • Summer or Winter Changeover Switch For Hot Water
  • Heating Available
  • Detached Garage
  • Parking Storage or Cabinetry
  • 5-minute walk to Ephrata Linear Park

About This Home

As of January 2016

Brick two unit. Tenants pay all utilities and mow yard. Garage rented separately for 3rd income. Rents very modest. One 10+ year tenant with no rent increase. 2nd & 3rd floor unit spacious with modern kitchen, 1st floor unit has nice family room in lower level. Lots of potential.

Last Agent to Sell the Property

David Yoder

(717) 898-3883 yoderdave1@gmail.com Realty ONE Group Unlimited License #RS176874L Listed on: 10/28/2015

Realty ONE Group Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,699

Year Built

  • Built in 1916

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 19 x 182
  • Property is in good condition

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Slate Roof
  • Rubber Roof

Attic

  • Storage In Attic

Partially Finished Basement

  • Exterior Basement Entry

Parking

  • Detached Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Schools

  • Ephrata Middle School
  • Ephrata High School

Utilities

  • Heating Available
  • 100 Amp Service
  • Summer or Winter Changeover Switch For Hot Water
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, hot water, sewer, trash removal, electricity, water
  • Assessor Parcel Number 2607742600000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ephrata Borough Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $305
  • Operating Expense $305
  • Net Operating Income $10,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,699

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Attic, Basement, Garage
  • Year Built: 1916
  • Remarks Public: Brick two unit. Tenants pay all utilities and mow yard. Garage rented separately for 3rd income. Rents very modest. One 10+ year tenant with no rent increase. 2nd & 3rd floor unit spacious with modern kitchen, 1st floor unit has nice family room in lower level. Lots of potential.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance, Partially Finished
  • Street Number Modifier: 224

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Roof: Rubber, Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: S/W Changeover
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: EPHRATA AREA
  • Middle School: EPHRATA
  • High School: EPHRATA
  • School District Key: 300200397381
  • High School: EPHRATA
  • Middle Or Junior School: EPHRATA

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 19 x 182
  • Property Condition: Good
  • Zoning: RESIDENTIAL
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Sewer, Trash Removal, Electricity, Water
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4026474
  • School Tax: 2093.22
  • Tax Annual Amount: 2699.26
  • Assessor Parcel Number: 2607742600000
  • County Tax Payment Frequency: Annually
  • Close Date: 01/11/2016

Multi Family

  • Gross Income: 13500.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 305.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: EPHRATA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2015
Closed on
Jan 11, 2016
Sold by
Weber David R and Weber Alexandra C
Bought by
Esh Jacob B
Seller's Agent
David Yoder
Realty ONE Group Unlimited
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Current Estimated Value
$258,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,868
Avg. Annual Appreciation
8.67%
Original Mortgage
$87,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Esh Jacob B $115,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Esh Jacob B $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2016 01/11/16 Sold $115,000 -8.0% $57 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
10/28/2015 10/28/15 For Sale $125,000 -- $62 / 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 $3,305 $137,800 $36,000 $101,800
2024 $3,305 $137,800 $36,000 $101,800
2023 $3,223 $137,800 $36,000 $101,800
2022 $3,086 $137,800 $36,000 $101,800
2021 $3,021 $137,800 $36,000 $101,800
2020 $3,021 $137,800 $36,000 $101,800
2019 $2,980 $137,800 $36,000 $101,800
2018 $2,336 $137,800 $36,000 $101,800
2017 $2,763 $104,400 $26,900 $77,500
2016 $2,741 $104,400 $26,900 $77,500
2015 $606 $104,400 $26,900 $77,500
2014 $2,046 $104,400 $26,900 $77,500
Source: Public Records

Agents Affiliated with this Home

  • David Yoder

    Seller's Agent in 2016

    David Yoder

    Realty ONE Group Unlimited

    (717) 898-3883

    1 in this area

    13 Total Sales

    David Yoder
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Map

Source: Bright MLS

MLS Number: 1002737051

Bright MLS

APN: 260-77426-0-0000

Pennsylvania Lancaster County Ephrata 17522

224 W Franklin St, Ephrata, PA

This home is located at 224 W Franklin St, Ephrata, PA 17522 since 28 October 2015 and is currently estimated at $258,868, approximately $127 per square foot. This property was built in 1916. 224 W Franklin St is a home located in Lancaster County with nearby schools including Fulton El School, Ephrata Intermediate School, and Ephrata Senior High School.

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