NOT LISTED FOR SALE

240 E Cottage Ave Millersville, PA 17551

Estimated Value: $637,000 - $2,433,000

26 Acres
$62,313 Price per Acre
1,132,560 Sq Ft Lot

Last Sold March 01, 2013

Last sale price $500,000 $120 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $9,148/month

247 Days on Market

Highlights

  • Barn
  • 26 Acre Lot
  • Wooded Lot
  • Eshleman Elementary School Rated A-
  • Stream or River on Lot
  • No HOA

About This Lot

As of March 2013

Stunning almost 200 year old,3-story, field stone farm house nestled on 5 bucolic acres just minutes from the city--complete w/ lighted pool, lighted tennis court, 2-story stone and frame bank barn, four FPs, 3 porches & spring-fed meandering creek! In Millersville Boro, this property is zoned for horses & can be purchased w/ the adjoining 21 acre parcel to create your own private 26 acre estate.

Last Agent to Sell the Property

Dwight Wagner

U.S. Commercial Realty License #RM024200B Listed on: 06/27/2012

Last Buyer's Agent

Dwight Wagner

U.S. Commercial Realty License #RM024200B Listed on: 06/27/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,845

Lot Details

  • 26 Acre Lot
  • Irregular Lot
  • Sloped Lot
  • The property's topography is hilly
  • Wooded Lot
  • Zoning described as Developer Approval,Subdivision Restrictions,Unrecorded Subdivision,Other - See Remarks,Residential

Farming

  • Barn
  • 2 Acres of Pasture

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 440-78008-0-0000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$9,845

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Current Use: Residential
  • New Construction: No
  • Remarks Public: Property located next to Millersville University and Penn Manor High School campus. Included in property is a pointed brownstone farmhouse with frame addition built circa 1823, with approximately 4,500 sf of living area. Bank barn with metal roof, in-ground swimming pool, and tennis court. Buildings sit on +/- 4.5 acres. Preliminary approval for 71 residential lots on the remaining 21.4 acres
  • Special Features: None

Interior Features

  • Street Number Modifier: 240

Exterior Features

  • Other Structures List: Barn
  • Construction Completed: No
  • Road Surface Type: Gravel
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Utilities

  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: PENN MANOR
  • School District Key: 300200397378

Lot Info

  • Wooded Acres: 19.00
  • Land Use Code: CM-613
  • Lot Features: Stream/Creek, Irregular, Sloping, Trees/Wooded
  • Lot Size Acres: 26.00
  • Lot Size Description: 25 Ac to LT 50 Ac
  • Pasture Acres: 2.00
  • Tillable Acres: 5.00
  • Topography: Hilly
  • Zoning Description: Developer Approval,Subdivision Restrictions,Unrecorded Subdivision,Other - See Remarks,Residential
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4114102
  • School Tax: 6387.50
  • Tax Annual Amount: 9844.73
  • Assessor Parcel Number: 440-78008-0-0000
  • County Tax Payment Frequency: Annually
  • Close Date: 03/01/2013

MLS Schools

  • School District Name: PENN MANOR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2012
Closed on
Mar 1, 2013
Sold by
Silar Ted E and Silar Diane T
Bought by
Student Lodging Inc
Seller's Agent
Dwight Wagner
U.S. Commercial Realty
Buyer's Agent
Dwight Wagner
U.S. Commercial Realty
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Current Estimated Value
$1,620,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,133
Avg. Annual Appreciation
1.59%
Original Mortgage
$400,000
Outstanding Balance
$285,706
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,175,747
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
Student Lodging Inc $1,200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Student Lodging Inc $50,000
Open Student Lodging Inc $400,000
Previous Owner Silar Diane T $750,000
Previous Owner Silar Diane T $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2013 03/01/13 Sold $500,000 -58.3% $120 / Sq Ft
03/01/2013 03/01/13 Sold $1,200,000 -7.7% $288 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
12/31/2012 12/31/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $1,300,000 +103.4% $312 / Sq Ft
05/04/2012 05/04/12 For Sale $639,000 -- $153 / 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
2024 $6,601 $578,900 $331,200 $247,700
2023 $6,601 $578,900 $331,200 $247,700
2022 $6,498 $578,900 $331,200 $247,700
2021 $6,203 $578,900 $331,200 $247,700
2020 $6,203 $578,900 $331,200 $247,700
2019 $6,059 $578,900 $331,200 $247,700
2018 $0 $578,900 $331,200 $247,700
2017 $11,068 $376,400 $198,800 $177,600
2016 $10,993 $376,400 $198,800 $177,600
2015 -- $376,400 $198,800 $177,600
2014 -- $376,400 $198,800 $177,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002723905

Bright MLS

APN: 440-78008-0-0000