NOT LISTED FOR SALE

24 Ridge Ave Lebanon, PA 17042

Estimated Value: $230,209 - $273,000

-- Bed
2 Baths
1,680 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $250,000 $149 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,709/month

37 Days on Market

Highlights

  • Second Kitchen
  • Wood Flooring
  • 2 Car Detached Garage
  • Cape Cod Architecture
  • 1 Fireplace
  • 4-minute walk to Saint Cecilia's Parish Center

About This Home

As of May 2023

Great opportunity to have your tenant pay for your mortgage. Live in one and rent the other unit in this rare opportunity in South Lebanon. Well-maintained 2 unit with additional income from a 2 car garage.
1st floor unit is a 2 bedroom, 1 bath with hardwood floors. Second floor is a 1 bedroom, 1 bath.
Current rent is much lower than the market will bear. Projected rents $1200 for first floor, $1000 for second floor and $100 for each garage.

Last Agent to Sell the Property

Joe Wentzel

Penn Realty, LTD License #AB049989L Listed on: 03/06/2023

Co-Listed By

Brenda Wentzel

Penn Realty, LTD

Last Buyer's Agent

Kieran Holllahan

Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,603

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Duplex
  • Cape Cod Architecture
  • Converted Dwelling
  • Brick Exterior Construction
  • Block Foundation
  • Plaster Walls
  • Asphalt Roof
  • Aluminum Siding
  • Stick Built Home

Interior Spaces

  • Bathtub with Shower
  • 1,680 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • 1 Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

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

Schools

  • South Lebanon Elementary School
  • Cedar Crest Middle School
  • Cedar Crest High School

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 2 Units
  • 1 Vacant Unit

Listing and Financial Details

  • The owner pays for heat, heater maintenance contract, sewer, real estate taxes, water
  • Assessor Parcel Number 30-2342413-365396-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,603

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod, Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: 2 refrigerators, 2 stove/oven, washer, dryer
  • New Construction: No
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Remarks Public: Great opportunity to have your tenant pay for your mortgage. Live in one and rent the other unit in this rare opportunity in South Lebanon. Well-maintained 2 unit with additional income from a 2 car garage. 1st floor unit is a 2 bedroom, 1 bath with hardwood floors. Second floor is a 1 bedroom, 1 bath. Current rent is much lower than the market will bear. Projected rents $1200 for first floor, $1000 for second floor and $100 for each garage.
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: 2nd Kitchen, Built-Ins, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Eat-In, Tub Shower, Wood Floors
  • Fireplaces Count: 1
  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Interior Access
  • Total Sq Ft: 1680
  • Living Area Sq Ft: 1680
  • Price Per Sq Ft: 148.75
  • Above Grade Finished Sq Ft: 1680
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding, Stick Built
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Additional Storage Area, Garage Door Opener
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Oil Avg Month: 251.00
  • Heating Oil Prev12 Months: 3012.00
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 35
  • Water Previous Twelve Months: 420.00
  • Water Source: Public

Schools

  • School District: CORNWALL-LEBANON
  • Elementary School: SOUTH LEBANON
  • Middle School: CEDAR CREST
  • High School: CEDAR CREST
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397385
  • School District Source: Listing Agent
  • Elementary School: SOUTH LEBANON
  • High School: CEDAR CREST
  • Middle Or Junior School: CEDAR CREST

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 100500.00
  • Land Assessed Value: 15800.00
  • Land Use Code: 102
  • Lot Features: Level
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Heat, Heater Maintenance Contract, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 8400.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10347643
  • School Tax: 1943.00
  • Tax Annual Amount: 2603.00
  • Assessor Parcel Number: 30-2342413-365396-0000
  • Tax Total Finished Sq Ft: 1680
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/31/2023

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: CORNWALL-LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
May 22, 2023
Sold by
Nmrs Properties Llc
Bought by
Hainly Lorena I and Hainly Seth P
Seller's Agent
Joe Wentzel
Penn Realty, LTD
Buyer's Agent
Kieran Holllahan
Berkshire Hathaway HomeServices Homesale Realty
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%
Views
319
Current Estimated Value
$266,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,451
Avg. Annual Appreciation
3.68%
Original Mortgage
$213,573
Outstanding Balance
$208,982
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$61,536

Purchase Details

Closed on
Oct 17, 2017
Sold by
Muller Helen L
Bought by
Nmrs Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hainly Lorena I $250,000 None Listed On Document
Nmrs Properties Llc $105,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hainly Lorena I $213,573
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $250,000 0.0% $149 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $249,900 0.0% $149 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $249,900 -- $149 / 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 $2,856 $116,300 $15,800 $100,500
2024 $2,603 $116,300 $15,800 $100,500
2023 $2,603 $116,300 $15,800 $100,500
2022 $2,531 $116,300 $15,800 $100,500
2021 $2,408 $116,300 $15,800 $100,500
2020 $2,390 $116,300 $15,800 $100,500
2019 $2,307 $116,300 $15,800 $100,500
2018 $2,257 $116,300 $15,800 $100,500
2017 $561 $116,300 $15,800 $100,500
2016 $2,207 $116,300 $15,800 $100,500
2015 -- $116,300 $15,800 $100,500
2014 -- $116,300 $15,800 $100,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALN2008866

Bright MLS

APN: 30-2342413-365396-0000