NOT LISTED FOR SALE

225 E Clay St Lancaster, PA 17602

Ross Neighborhood

Estimated Value: $335,000 - $388,000

Studio
3 Baths
2,086 Sq Ft
$175/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $270,000 $129 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,347/month

10 Days on Market

Highlights

  • City View
  • Bathtub with Shower
  • Electric Baseboard Heater
  • Wood Flooring
  • Open Floorplan
  • Level Lot

About This Home

As of January 2022

Nice 3 unit apartment located in central Lancaster, walking distance to Lancaster General Hospital , on site parking in rear , long term tenants , separate electric,Hot water. Building built in 1907 , great architectural features..

Last Agent to Sell the Property

Len Ferber

(717) 207-8089 ferber@comcast.net Len Ferber Real Estate Listed on: 12/07/2021

Last Buyer's Agent

Darren Neff

(717) 575-1668 darrencneff@gmail.com Manor West Realty License #RS319979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,918

Year Built

  • Built in 1907

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot
  • Back Yard

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation
  • Poured Concrete
  • Plaster Walls
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • Bathtub with Shower
  • 2,086 Sq Ft Home
  • Open Floorplan
  • Wood Flooring
  • City Views
  • Gas Oven or Range

Unfinished Basement

  • Exterior Basement Entry
  • Dirt Floor

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Off-Street Spaces
  • On-Street Parking

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water, trash collection, real estate taxes
  • Assessor Parcel Number 336-65057-0-0000

Community Details

Overview

  • 3 Units
  • 3-Story Building
  • Lancaster Subdivision

Building Details

  • Income includes apartment rentals
  • Trash Expense $630
  • Operating Expense $4,837
  • Gross Income $25,500
  • Net Operating Income $18,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,918

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1907
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas, Refrigerator
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Tub Shower, Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance, Unfinished, Dirt Floor
  • Total Sq Ft: 2086
  • Living Area Sq Ft: 2086
  • Price Per Sq Ft: 141.42
  • Above Grade Finished Sq Ft: 2086
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Composite, Shingle
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 360.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Previous Twelve Months: 1600.00
  • Water Source: Public
  • Internet Services: Cable

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 107700.00
  • Land Assessed Value: 24200.00
  • Lot Features: Level, Rear Yard
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Zoning: R-3
  • Zoning Description: Residential, Multi units

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water, Trash Collection, Taxes - Real Estate
  • Total Actual Rent: 25500.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4062114
  • School Tax: 2991.00
  • Tax Annual Amount: 4918.00
  • Assessor Parcel Number: 336-65057-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Gross Scheduled Income: 25500.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4836.72
  • 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

Listed on
Dec 7, 2021
Closed on
Jan 28, 2022
Sold by
King Jacob S
Bought by
Neff Andrew M
Seller's Agent
Len Ferber
Len Ferber Real Estate
Buyer's Agent
Darren Neff
Manor West Realty
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%
Current Estimated Value
$365,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,570
Avg. Annual Appreciation
7.92%
Original Mortgage
$224,000
Outstanding Balance
$151,873
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$213,297

Purchase Details

Closed on
Jul 30, 2009
Sold by
Capital Real Estate Management Inc
Bought by
King Jacob S

Purchase Details

Closed on
Jan 13, 2009
Sold by
Pierre Avon
Bought by
Capital Real Estate Management Inc

Purchase Details

Closed on
Feb 14, 2006
Sold by
Sobrino Gelvys J
Bought by
Pierre Avon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 19, 2003
Sold by
Huepenbecker Camilla and Camilla Huepenbecker Revocable
Bought by
Sobrino Gelvys J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,158
Interest Rate
5.84%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2002
Sold by
Huepenbecker Camilla
Bought by
Huepenbecker Camilla and Camilla Huepenbecker Revocable
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
Neff Andrew M $280,000 Mersky Law Group Pllc
King Jacob S $182,500 None Available
Capital Real Estate Management Inc $110,000 None Available
Pierre Avon $142,000 None Available
Sobrino Gelvys J $81,800 Fidelity National Title Ins
Huepenbecker Camilla -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neff Andrew M $224,000
Previous Owner Pierre Avon $113,600
Previous Owner Sobrino Gelvys J $81,158
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $270,000 -8.5% $129 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $295,000 -- $141 / 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 $5,219 $131,900 $24,200 $107,700
2024 $5,219 $131,900 $24,200 $107,700
2023 $5,131 $131,900 $24,200 $107,700
2022 $4,918 $131,900 $24,200 $107,700
2021 $4,812 $131,900 $24,200 $107,700
2020 $4,812 $131,900 $24,200 $107,700
2019 $4,740 $131,900 $24,200 $107,700
2018 $2,813 $131,900 $24,200 $107,700
2017 $3,707 $80,700 $16,400 $64,300
2016 $3,673 $80,700 $16,400 $64,300
2015 $1,433 $80,700 $16,400 $64,300
2014 $3,205 $80,700 $16,400 $64,300
Source: Public Records

Agents Affiliated with this Home

  • Len Ferber

    Seller's Agent in 2022

    Len Ferber

    Len Ferber Real Estate

    (717) 207-8089

    2 in this area

    36 Total Sales

    Len Ferber
    Section Image

  • D

    Buyer's Agent in 2022

    Darren Neff

    Manor West Realty

    (717) 575-1668

    3 in this area

    23 Total Sales

    Darren Neff
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA2009010

Bright MLS

APN: 336-65057-0-0000

Pennsylvania Lancaster County Lancaster 17602 Ross

225 E Clay St, Lancaster, PA

Not Listed for Sale

MultiFamily

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