NOT LISTED FOR SALE

229 W Walnut St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $303,928 - $869,000

Studio
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 19, 2013

Last sale price $150,000

Est. 291% increase in value since last sale

Current estimated payment $3,790 / mo

48 Days on Market

Highlights

  • No HOA
  • Attached Garage
  • 2-minute walk to Mayor Janice C Stork Corridor Park

About This Home

As of December 2013

Great turnkey investment opportunity. Solid brick building with 2 off-street parking spaces, plus a huge garage/storage space & 3 residential units with separate electric meters. All rented with positive cash flow located in desirable West Side area. Not to be missed!! View all Open Houses at LancasterOpenHouses.com

Last Buyer's Agent

Lisa Naples

(717) 560-9100 lnaples@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS272748

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,942

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 43x74

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor
  • Basement Storage

Parking

  • Attached Garage
  • Off-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for parking fee, electricity
  • Assessor Parcel Number 3395383300000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $318
  • Fuel Expense $893
  • Insurance Expense $430
  • Maintenance Expense $435
  • Other Expense $150
  • Trash Expense $630
  • Operating Expense $3,236
  • Net Operating Income $14,882

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,942

Year Built

Built in 1900

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Other Expense: 150.00
  • Storage: Basement
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Dirt Floor, Full

Exterior Features

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

Garage/Parking

  • Garage: No
  • Garage Features: Built In
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 317.64
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 380.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 43x74
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Parking Fee, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4072470
  • School Tax: 1786.05
  • Tax Annual Amount: 2941.85
  • Assessor Parcel Number: 3395383300000
  • County Tax Payment Frequency: Annually

Multi Family

  • Fuel Expense: 893.07
  • Gross Income: 21060.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 3235.71
  • 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
Sep 6, 2013
Closed on
Dec 20, 2013
Bought by
Mcroberts Eric S
Buyer's Agent
Lisa Naples
Berkshire Hathaway HomeServices Homesale Realty
List Price
$169,000
Sold Price
$150,000
Premium/Discount to List
-$19,000
-11.24%
Current Estimated Value
$586,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,464
Avg. Annual Appreciation
11.71%
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
Mcroberts Eric S $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2013 12/19/13 Sold $150,000 -11.2% --
10/24/2013 10/24/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $169,000 -- --
Source: Bright MLS

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 $7,578 $191,500 $40,300 $151,200
2024 $7,578 $191,500 $40,300 $151,200
2023 $7,450 $191,500 $40,300 $151,200
2022 $7,140 $191,500 $40,300 $151,200
2021 $6,987 $191,500 $40,300 $151,200
2020 $3,933 $107,800 $40,300 $67,500
2019 $3,874 $107,800 $40,300 $67,500
2018 $4,513 $107,800 $40,300 $67,500
2017 $3,165 $68,900 $23,500 $45,400
2016 $3,136 $68,900 $23,500 $45,400
2015 $1,223 $68,900 $23,500 $45,400
2014 $2,737 $68,900 $23,500 $45,400
Source: Public Records

Agents Affiliated with this Home

  • Lisa Naples

    Buyer's Agent in 2013

    Lisa Naples

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 333-5151

    4 in this area

    146 Total Sales

    Lisa Naples
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Map

Source: Bright MLS

MLS Number: 1002730471

Bright MLS

APN: 339-53833-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

229 W Walnut St, Lancaster, PA

Not Listed for Sale

MultiFamily

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