NOT LISTED FOR SALE

23 E Walnut St Lancaster, PA 17602

Downtown Lancaster Neighborhood

Estimated Value: $448,000 - $461,040

-- Bed
3 Baths
3,620 Sq Ft
$126/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $325,000 $90 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,057/month

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • 4-minute walk to Binns Park
  • No HOA

About This Home

As of May 2021

A Multi Unit you ask? Here is you chance to get into the very sought out commercial central business area in raipd growing Lancaster City. This East Side area property is an investors dreams downtown. 3 solid units with amazing tenants. Golden Age Tattoo shop who has been in the community 7+ years occupies the 1st floor. Unit 2Rear has 2 bedrooms and access to the 1 car garage. This unit has the most recent remodel throughout. It is a 2nd floor unit with the entire unit on 1 floor. Front and back entrance, Washer/Dryer Hookup in the unit (not currently being used). Unit 2F has 2 floors. Main living area and kitchen on the first floor and bedrooms and bathrooms on the second floor. Both residential units have shared access to the outside balcony. Common area washer dryer is below through the garage area. Can be converted to coin operated for additional income. Recent gas heating conversion. Corner property. Priced to sell quick and great cash flow.

Last Agent to Sell the Property

CJ Pierre

(717) 925-9172 pierre@thepierreregroup.com Coldwell Banker Realty License #5008114 Listed on: 04/25/2021

Coldwell Banker Realty

Last Buyer's Agent

Pietro Vasile

(717) 799-7308 pete@thebrunnergroup.com RE/MAX SmartHub Realty License #5013293

RE/MAX SmartHub Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,139

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 3,620 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 336-87027-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Net Operating Income $21,629

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,139

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: A Multi Unit you ask? Here is you chance to get into the very sought out commercial central business area in raipd growing Lancaster City. This East Side area property is an investors dreams downtown. 3 solid units with amazing tenants. Golden Age Tattoo shop who has been in the community 7+ years occupies the 1st floor. Unit 2Rear has 2 bedrooms and access to the 1 car garage. This unit has the most recent remodel throughout. It is a 2nd floor unit with the entire unit on 1 floor. Front and back entrance, Washer/Dryer Hookup in the unit (not currently being used). Unit 2F has 2 floors. Main living area and kitchen on the first floor and bedrooms and bathrooms on the second floor. Both residential units have shared access to the outside balcony. Common area washer dryer is below through the garage area. Can be converted to coin operated for additional income. Recent gas heating conversion. Corner property. Priced to sell quick and great cash flow.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3620
  • Living Area Sq Ft: 3620
  • Price Per Sq Ft: 52.49
  • Above Grade Finished Sq Ft: 3620
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 23

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • 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 Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 167600.00
  • Land Assessed Value: 25900.00
  • Land Use Code: 115
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2021
  • Zoning: R4 CB DISTRICT

Rental Info

  • Total Actual Rent: 37500.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4062887
  • School Tax: 4312.00
  • Tax Annual Amount: 7139.00
  • Assessor Parcel Number: 336-87027-0-0000
  • Tax Total Finished Sq Ft: 3620
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/17/2021

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2021
Closed on
May 17, 2021
Sold by
Tmg Properties Llc
Bought by
Spruce Street Ventures Llc
Seller's Agent
CJ Pierre
Coldwell Banker Realty
Buyer's Agent
Pietro Vasile
RE/MAX SmartHub Realty
List Price
$190,000
Sold Price
$325,000
Premium/Discount to List
$135,000
71.05%
Current Estimated Value
$454,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,520
Avg. Annual Appreciation
7.94%
Original Mortgage
$292,500
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 28, 2015
Closed on
May 29, 2015
Sold by
Hahn Brian and Hahn Cristi
Bought by
Tmg Properties Llc
List Price
$169,900
Sold Price
$169,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.48%
Original Mortgage
$127,425
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End 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
Spruce Street Ventures Llc $325,000 Abstract Assc Of Lancaster I
Tmg Properties Llc $169,900 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spruce Street Ventures Llc $292,500
Previous Owner Tmg Properties Llc $127,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2021 05/17/21 Sold $325,000 +71.1% $90 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $190,000 +11.8% $52 / Sq Ft
05/29/2015 05/29/15 Sold $169,900 0.0% $47 / Sq Ft View Prior Sale
05/02/2015 05/02/15 Pending -- -- --
04/28/2015 04/28/15 For Sale $169,900 -- $47 / 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 $7,657 $193,500 $25,900 $167,600
2024 $7,657 $193,500 $25,900 $167,600
2023 $7,528 $193,500 $25,900 $167,600
2022 $7,214 $193,500 $25,900 $167,600
2021 $7,060 $193,500 $25,900 $167,600
2020 $7,060 $193,500 $25,900 $167,600
2019 $6,954 $193,500 $25,900 $167,600
2018 $3,267 $193,500 $25,900 $167,600
2017 $5,406 $117,700 $21,200 $96,500
2016 $5,357 $117,700 $21,200 $96,500
2015 $2,090 $117,700 $21,200 $96,500
2014 $4,675 $117,700 $21,200 $96,500
Source: Public Records

Agents Affiliated with this Home

  • CJ Pierre

    Seller's Agent in 2021

    CJ Pierre

    Coldwell Banker Realty

    (717) 925-9172

    1 in this area

    99 Total Sales

    CJ Pierre
    Section Image
  • Pietro Vasile

    Buyer's Agent in 2021

    Pietro Vasile

    RE/MAX

    (717) 799-7308

    1 in this area

    64 Total Sales

    Pietro Vasile
    Section Image

  • H

    Seller Co-Listing Agent in 2015

    H. Joseph Younger

    Younger Realty Group

See All Agents

Map

Source: Bright MLS

MLS Number: PALA180372

Bright MLS

APN: 336-87027-0-0000

Pennsylvania Lancaster County Lancaster 17602 Downtown Lancaster

23 E Walnut St, Lancaster, PA

This home is located at 23 E Walnut St, Lancaster, PA 17602 since 25 April 2021 and is currently estimated at $454,520, approximately $125 per square foot. This property was built in 1900. 23 E Walnut St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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