NOT LISTED FOR SALE

227 E Walnut St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $330,036 - $368,000

-- Bed
3 Baths
1,685 Sq Ft
$203/Sq Ft Est. Value

Last Sold December 11, 2013

Last sale price $149,500 $89 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $2,261/month

8 Days on Market

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • 5-minute walk to Musser Park
  • Cooling Available
  • Forced Air Heating System

About This Home

As of December 2013

Meticulously renovated 2 unit w/ 2 car garage. Conveniently located, walking distance to downtown, and easy access to highway. Potential income of $2,000+/mo (1st floor $900/mo, 2nd floor $1,000/mo, & garage $200/mo)or live in one and rent out the other. Renovations include: 2 new kitchens, 2 new baths, 2 new gas furnaces, hot water heater, flooring, & fresh paint.

Last Agent to Sell the Property

Jonathan Leventry

(717) 587-3675 jdleventry@gmail.com Uptown Realty Services Listed on: 10/30/2013

Last Buyer's Agent

Corinn Kirchner

(717) 341-7749 corinn@ppmproperties.com PPM Real Estate, Inc. License #RM425642

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,535

Year Built

  • Built in 1875

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Basement

  • Exterior Basement Entry

Parking

  • Garage
  • Parking Storage or Cabinetry

Schools

  • Mccaskey Campus High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for heat, hot water, trash removal
  • Assessor Parcel Number 336094300000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals, parking

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,535

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4060067
  • School Tax: 2146.37
  • Tax Annual Amount: 3535.34
  • Assessor Parcel Number: 336094300000
  • County Tax Payment Frequency: Annually

Multi Family

  • Income Includes: Apartment Rentals, Parking
  • 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

Closed on
Nov 23, 2015
Sold by
Horst Corinn E and Kirchner Danyon
Bought by
Horst Corinn E and Kirchner Danyon
Current Estimated Value
$342,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Outstanding Balance
$100,320
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$241,939

Purchase Details

Listed on
Oct 30, 2013
Closed on
Dec 11, 2013
Sold by
Gochenaur Donald
Bought by
Horst Corinn E
Seller's Agent
Jonathan Leventry
Uptown Realty Services
Buyer's Agent
Corinn Kirchner
PPM Real Estate, Inc.
List Price
$169,900
Sold Price
$149,500
Premium/Discount to List
-$20,400
-12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$142,373
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 21, 2012
Closed on
Feb 5, 2013
Sold by
Martin J Scott and Martin Patti A
Bought by
Gochenaur Donald
List Price
$65,500
Sold Price
$50,000
Premium/Discount to List
-$15,500
-23.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
268.36%
Original Mortgage
$55,500
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2012
Sold by
Martin J Scott and Martin Patti A
Bought by
Martin J Scott and Martin Patti A

Purchase Details

Closed on
Jan 26, 2012
Sold by
Tax Claim Bureau In & For Lancaster Coun
Bought by
Martin J Scott
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Horst Corinn E -- Attorney
Horst Corinn E $149,500 None Available
Gochenaur Donald $50,000 None Available
Martin J Scott -- None Available
Martin J Scott $11,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horst Corinn E $127,200
Closed Horst Corinn E $142,373
Previous Owner Gochenaur Donald $55,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2013 12/11/13 Sold $149,500 -12.0% $89 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
10/30/2013 10/30/13 For Sale $169,900 +239.8% $101 / Sq Ft
02/07/2013 02/07/13 Sold $50,000 -23.7% $30 / Sq Ft View Prior Sale
01/07/2013 01/07/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $65,500 -- $39 / 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 $5,516 $139,400 $29,900 $109,500
2024 $5,516 $139,400 $29,900 $109,500
2023 $5,423 $139,400 $29,900 $109,500
2022 $5,197 $139,400 $29,900 $109,500
2021 $5,086 $139,400 $29,900 $109,500
2020 $5,086 $139,400 $29,900 $109,500
2019 $5,010 $139,400 $29,900 $109,500
2018 $2,536 $139,400 $29,900 $109,500
2017 $3,803 $82,800 $15,800 $67,000
2016 $3,768 $82,800 $15,800 $67,000
2015 $1,470 $82,800 $15,800 $67,000
2014 $3,289 $82,800 $15,800 $67,000
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Leventry

    Seller's Agent in 2013

    Jonathan Leventry

    Uptown Realty Services

    (717) 587-3675

    46 Total Sales

    Jonathan Leventry
    Section Image
  • Corinn Kirchner

    Buyer's Agent in 2013

    Corinn Kirchner

    PPM Real Estate, Inc.

    (717) 341-7749

    7 in this area

    47 Total Sales

    Corinn Kirchner
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002730837

Bright MLS

APN: 336-09430-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

227 E Walnut St, Lancaster, PA

Not Listed for Sale

MultiFamily

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