NOT LISTED FOR SALE

229 N Shippen St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $337,000 - $476,949

-- Bed
3 Baths
2,129 Sq Ft
$192/Sq Ft Est. Value

Last Sold January 31, 2012

Last sale price $140,000 $66 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $2,741/month

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • 3-minute walk to Musser Park

About This Home

As of January 2012

Great 3-unit investment property. Good location. Just down street from Molly's Pub & Musser Park. Steady tenants.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Garage
  • Parking Storage or Cabinetry
  • On-Street Parking
  • Off-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3365063500000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Musser Park Subdivision

Building Details

  • Income includes apartment rentals
  • Electric Expense $800
  • Fuel Expense $1,700
  • Other Expense $150
  • Trash Expense $550
  • Operating Expense $3,715
  • Net Operating Income $12,603

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • New Construction: No
  • Other Expense: 150.00
  • Storage: Basement, Garage
  • Year Built: 1875
  • Remarks Public: Great 3-unit investment property. Good location. Just down street from Molly's Pub & Musser Park. Steady tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished
  • Street Number Modifier: 229

Exterior Features

  • Construction Materials: 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, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 800.00
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 515.00
  • 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: resi
  • Lot Size Acres: 0.04
  • Lot Dimensions: .04
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4061559
  • School Tax: 2289.43
  • Tax Annual Amount: 3722.20
  • Assessor Parcel Number: 3365063500000
  • County Tax Payment Frequency: Annually
  • Close Date: 01/31/2012

Multi Family

  • Fuel Expense: 1700.00
  • Gross Income: 20040.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 3715.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2011
Closed on
Jan 31, 2012
Sold by
Jefferies Harry and Jefferies Janie L
Bought by
Barnhart Joseph L
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$409,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,237
Avg. Annual Appreciation
8.19%
Original Mortgage
$104,950
Outstanding Balance
$72,265
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$336,576

Purchase Details

Closed on
Aug 29, 2001
Sold by
Miller Mark D and Miller Cheryl L
Bought by
Jefferies Harry and Etherton Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
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
Barnhart Joseph L $140,000 None Available
Jefferies Harry $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnhart Joseph L $104,950
Previous Owner Jefferies Harry $68,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2012 01/31/12 Sold $140,000 -6.6% $66 / Sq Ft
12/26/2011 12/26/11 Pending -- -- --
12/19/2011 12/19/11 For Sale $149,900 -- $70 / 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 $6,735 $170,200 $30,300 $139,900
2024 $6,735 $170,200 $30,300 $139,900
2023 $6,621 $170,200 $30,300 $139,900
2022 $6,346 $170,200 $30,300 $139,900
2021 $6,210 $170,200 $30,300 $139,900
2020 $6,210 $170,200 $30,300 $139,900
2019 $6,117 $170,200 $30,300 $139,900
2018 $3,630 $170,200 $30,300 $139,900
2017 $4,258 $92,700 $21,300 $71,400
2016 $4,219 $92,700 $21,300 $71,400
2015 $1,646 $92,700 $21,300 $71,400
2014 $3,682 $92,700 $21,300 $71,400
Source: Public Records

Map

Source: Bright MLS

MLS Number: 1002724303

Bright MLS

APN: 336-50635-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

229 N Shippen St, Lancaster, PA

This home is located at 229 N Shippen St, Lancaster, PA 17602 since 19 December 2011 and is currently estimated at $409,237, approximately $192 per square foot. This property was built in 1875. 229 N Shippen St is a home located in Lancaster County with nearby schools including Wickersham Elementary School, Lincoln Middle School, and McCaskey High School.

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