NOT LISTED FOR SALE

227 E Cherry St Palmyra, PA 17078

Estimated Value: $288,000 - $332,787

Studio
2 Baths
2,400 Sq Ft
$131/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $218,000 $91 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,064/month

13 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Hot Water Heating System
  • Palmyra Area Senior High School Rated A-
  • Downtown Location
  • 2-minute walk to Heritage Park

About This Home

As of February 2022

Solid Turnkey Investment in the Attractive, Stable Palmyra Community! This 2-unit Property has Solid, Well-tenured Tenants and is All Ready for you! The Current Owner has updated and maintained the Property well. Don't miss this Investment Opportunity!

Last Agent to Sell the Property

Dale E. Stipe

(717) 608-0034 dale@dalestipe.com Coldwell Banker Realty Listed on: 12/27/2021

Coldwell Banker Realty

Co-Listed By

MICHAEL STIPE

(717) 395-1905 michael.stipe@cbhomes.com Coldwell Banker Realty

Last Buyer's Agent

Rob Dalton

(717) 951-0293 daltonsold@gmail.com RE/MAX Pinnacle License #RS194149L

RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,045

Year Built

  • Built in 1912

Lot Details

  • 9,583 Sq Ft Lot
  • Downtown Location
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Palmyra Area High School

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Exterior Lighting

Community Details

  • 2 Units
  • Palmyra Borough Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16-2291498-357335-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,045

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Refrigerators
  • New Construction: No
  • Year Built: 1912
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 87.46
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PALMYRA AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 149300.00
  • Land Assessed Value: 26500.00
  • Lot Size Acres: 0.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10320167
  • School Tax: 2860.00
  • Tax Annual Amount: 4045.00
  • Assessor Parcel Number: 16-2291498-357335-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 17, 2022
Sold by
Edwards David M and Edwards Sharon L
Bought by
Trout Logan M and Shearer Mandi L
Seller's Agent
Dale E. Stipe
Coldwell Banker Realty
Buyer's Agent
Rob Dalton
RE/MAX Pinnacle
List Price
$209,900
Sold Price
$218,000
Premium/Discount to List
$8,100
3.86%
Current Estimated Value
$314,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,697
Avg. Annual Appreciation
9.90%
Original Mortgage
$163,500
Outstanding Balance
$151,822
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$162,875

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 15, 2022
Sold by
Edwards David M and Edwards Sharon L
Bought by
Trout Logan M and Shearer Mandi L
Seller's Agent
Dale E. Stipe
Coldwell Banker Realty
Buyer's Agent
Rob Dalton
RE/MAX Pinnacle
List Price
$209,900
Sold Price
$218,000
Premium/Discount to List
$8,100
3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,500
Outstanding Balance
$151,822
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$162,875
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
Trout Logan M $218,000 None Listed On Document
Trout Logan M $218,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trout Logan M $163,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2022 02/15/22 Sold $218,000 +3.9% $91 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $209,900 -- $87 / 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 $5,024 $175,800 $26,500 $149,300
2024 $4,438 $175,800 $26,500 $149,300
2023 $4,438 $175,800 $26,500 $149,300
2022 $4,234 $175,800 $26,500 $149,300
2021 $3,935 $175,800 $26,500 $149,300
2020 $3,886 $175,800 $26,500 $149,300
2019 $3,802 $175,800 $26,500 $149,300
2018 $3,682 $175,800 $26,500 $149,300
2017 $1,090 $175,800 $26,500 $149,300
2016 $3,457 $175,800 $26,500 $149,300
2015 -- $175,800 $26,500 $149,300
2014 -- $175,800 $26,500 $149,300
Source: Public Records

Agents Affiliated with this Home

  • Dale E. Stipe

    Seller's Agent in 2022

    Dale E. Stipe

    Coldwell Banker Realty

    (717) 608-0034

    2 in this area

    152 Total Sales

    Dale E. Stipe
    Section Image
  • MICHAEL STIPE

    Seller Co-Listing Agent in 2022

    MICHAEL STIPE

    Coldwell Banker Realty

    (717) 395-1905

    2 in this area

    131 Total Sales

    MICHAEL STIPE
    Section Image
  • Rob Dalton

    Buyer's Agent in 2022

    Rob Dalton

    RE/MAX

    (717) 951-0293

    4 in this area

    73 Total Sales

    Rob Dalton
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN2002874

Bright MLS

APN: 16-2291498-357335-0000

Pennsylvania Lebanon County Palmyra 17078

227 E Cherry St, Palmyra, PA

Not Listed for Sale

MultiFamily

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