NOT LISTED FOR SALE

227 Nevin St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $350,000 - $421,000

-- Bed
2 Baths
2,287 Sq Ft
$168/Sq Ft Est. Value

Last Sold December 01, 2016

Last sale price $149,900 $66 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $2,636/month

1 Day on Market

Highlights

  • 0.08 Acre Lot
  • No HOA
  • Radiator

About This Home

As of December 2016

Incredible 2-Unit on great block. Large units with character. Well cared for. Off-street parking. Great numbers and rents can go up significantly. Won't last in this location!

Last Agent to Sell the Property

Chad Hurst

Kingsway Realty - Lancaster Listed on: 10/11/2016

Last Buyer's Agent

Chad Hurst

Kingsway Realty - Lancaster Listed on: 10/11/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,667

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 171' x 20'

Parking

  • Off-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Rubber Roof
  • Aluminum Siding

Basement

  • Dirt Floor

Schools

  • Mccaskey Campus High School

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water, electricity
  • Assessor Parcel Number 3355765400000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $745
  • Maintenance Expense $319
  • Other Expense $100
  • Trash Expense $420
  • Operating Expense $3,951
  • Net Operating Income $10,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,667

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement
  • Year Built: 1890
  • Remarks Public: Incredible 2-Unit on great block. Large units with character. Well cared for. Off-street parking. Great numbers and rents can go up significantly. Won't last in this location!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Dirt Floor
  • Street Number Modifier: 227

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Roof: Composite, Shingle, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Annual Heating Expense: 1783.00
  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 584.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Land Use Code: MULTI
  • Lot Size Acres: 0.08
  • Lot Dimensions: 171' x 20'
  • Property Attached Yn: Yes
  • Zoning: MULTI
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4059176
  • School Tax: 2219.00
  • Tax Annual Amount: 3667.00
  • Assessor Parcel Number: 3355765400000
  • County Tax Payment Frequency: Annually
  • Close Date: 12/01/2016

Multi Family

  • Gross Income: 18060.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 3951.00
  • 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
Oct 11, 2016
Closed on
Nov 28, 2016
Sold by
Waynick Justin W and Waynick Rebecca S
Bought by
B & R Development Llc
Seller's Agent
Chad Hurst
Kingsway Realty - Lancaster
Buyer's Agent
Chad Hurst
Kingsway Realty - Lancaster
List Price
$149,900
Sold Price
$149,900
Current Estimated Value
$383,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,256
Avg. Annual Appreciation
11.34%

Purchase Details

Closed on
Sep 20, 2002
Sold by
Schmucker Phyllis F and Hurst Chad G
Bought by
Waynick Justin W and Waynick Rebecca S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,373
Interest Rate
6.36%
Mortgage Type
FHA
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
B & R Development Llc -- None Available
Waynick Justin W $80,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & R Development Llc $250,000
Previous Owner Waynick Justin W $87,350
Previous Owner Waynick Justin W $79,373
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2016 12/01/16 Sold $149,900 0.0% $66 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $149,900 -- $66 / 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 $6,782 $171,400 $36,200 $135,200
2024 $6,782 $171,400 $36,200 $135,200
2023 $6,668 $171,400 $36,200 $135,200
2022 $6,391 $171,400 $36,200 $135,200
2021 $6,253 $171,400 $36,200 $135,200
2020 $6,253 $171,400 $36,200 $135,200
2019 $6,160 $171,400 $36,200 $135,200
2018 $3,656 $171,400 $36,200 $135,200
2017 $3,822 $83,200 $23,600 $59,600
2016 $3,787 $83,200 $23,600 $59,600
2015 $1,477 $83,200 $23,600 $59,600
2014 $3,305 $83,200 $23,600 $59,600
Source: Public Records

Agents Affiliated with this Home

  • Chad Hurst

    Seller's Agent in 2016

    Chad Hurst

    Kingsway Realty - Lancaster

    (717) 371-6168

    4 in this area

    164 Total Sales

    Chad Hurst
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Map

Source: Bright MLS

MLS Number: 1002739603

Bright MLS

APN: 335-57654-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

227 Nevin St, Lancaster, PA

This home is located at 227 Nevin St, Lancaster, PA 17603 since 11 October 2016 and is currently estimated at $383,156, approximately $167 per square foot. This property was built in 1890. 227 Nevin St is a home located in Lancaster County with nearby schools including Thomas Wharton Elementary School, Reynolds Middle School, and McCaskey High School.

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