225 E King St Lancaster, PA 17602
Musser Park Neighborhood
--
Bed
--
Bath
13,450
Sq Ft
0.41
Acres
Highlights
- 0.41 Acre Lot
- Wood Flooring
- Electric Baseboard Heater
About This Home
As of February 2025What an opportunity only 2 blocks from the square!! 4 contiguous multifamily properties containing 16 units and 29 parking spaces. Several units have been updated and/or remodeled. 225 E King St operates as a furnished rental. All furniture and decorations convey with the sale. The buildings have a mix of unit sizes and tenant duration. Room to grow in several units. Seller is in the process of completing a few projects on site.
Assessment values, tax values, building/lot area are combined totals based off of public records.
Last Agent to Sell the Property
Keller Williams Elite License #RS339842 Listed on: 10/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,191
Year Built
- Built in 1870
Lot Details
- 0.41 Acre Lot
Home Design
- 13,450 Sq Ft Home
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Plaster Walls
- Shingle Roof
- Rubber Roof
- Stone Siding
Flooring
- Wood
- Laminate
- Tile or Brick
- Luxury Vinyl Plank Tile
Parking
- 29 Open Parking Spaces
- 29 Parking Spaces
- Parking Lot
Utilities
- Radiant Heating System
- Electric Baseboard Heater
- Electric Water Heater
Listing and Financial Details
- The owner pays for common area maintenance, electricity, insurance, repairs, sewer, snow removal, real estate taxes, trash collection, water
- Assessor Parcel Number 332-39529-0-0000
Community Details
Overview
- 4 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Operating Expense $65,447
- Net Operating Income $181,955
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 28, 2017
Sold by
Beiler Justin Robert
Bought by
Woogie Unlimited Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Dec 11, 2007
Sold by
Lianidakis Theodoros A and Lianidakis Maria
Bought by
Beiler Justin Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2003
Sold by
Tsoumparas Konstantinos D and Tsoumparas Aristoula T
Bought by
Tsoumparas Aristoula T and Tsoumparas Konstantinos D
Purchase Details
Closed on
Nov 9, 1998
Sold by
Kostaris Irini
Bought by
Lianidakis Theodoros A and Lianidakis Maria
Similar Home in Lancaster, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | None Available | |
| Deed | $100,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,700,000 | Credit Line Revolving | |
| Closed | $1,237,500 | Non Purchase Money Mortgage | |
| Closed | $150,000 | Future Advance Clause Open End Mortgage | |
| Closed | $150,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $90,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $2,125,000 | -2.3% | $158 / Sq Ft |
| 02/03/2025 02/03/25 | Price Changed | $2,175,000 | 0.0% | $162 / Sq Ft |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $2,175,000 | -- | $162 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,454 | $163,100 | $36,400 | $126,700 |
| 2023 | $9,664 | $248,400 | $36,400 | $212,000 |
| 2022 | $9,261 | $248,400 | $36,400 | $212,000 |
| 2021 | $9,063 | $248,400 | $36,400 | $212,000 |
| 2020 | $9,063 | $248,400 | $36,400 | $212,000 |
| 2019 | $8,927 | $248,400 | $36,400 | $212,000 |
| 2017 | $5,971 | $130,000 | $21,600 | $108,400 |
| 2016 | $5,917 | $130,000 | $21,600 | $108,400 |
| 2015 | $1,788 | $130,000 | $21,600 | $108,400 |
| 2014 | $3,710 | $93,400 | $21,600 | $71,800 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Koch
Seller's Agent in 2025
Matthew Koch
Keller Williams Elite
(717) 788-8347
7 in this area
312 Total Sales
-
David Garpstas
Seller Co-Listing Agent in 2025
David Garpstas
Keller Williams Elite
(717) 208-0253
2 in this area
17 Total Sales
-
John Stoltzfus
Buyer's Agent in 2025
John Stoltzfus
Stoltzfus Realty
(717) 226-0751
3 in this area
64 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2059654
APN: 332-39529-0-0000
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