NOT LISTED FOR SALE

2481 Old Philadelphia Pike Lancaster, PA 17602

Fertility Neighborhood

Estimated Value: $1,199,556

-- Bed
-- Bath
4,752 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $765,000 $161 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,341/month

118 Days on Market

Highlights

  • 0.8 Acre Lot
  • No HOA
  • Brick Front
  • Wood Flooring
  • Mobility Improvements
  • Central Air

About This Home

As of August 2019

8 great units include - 5 residential apartments and 3 commercial spaces; a restaurant, a resale floor store and a 40' x 36' - 3 bay warehouse. A rather large solar system provides electric that the seller sells to the flooring store. Awesome opportunity to operate your business out of the warehouse and have income coming from the other 7 units. Schedule your showing today!

Last Agent to Sell the Property

Jake Fisher

Hostetter Realty License #RS325195 Listed on: 03/07/2019

Co-Listed By

Emanuel Stoltzfus

Hostetter Realty LLC

Last Buyer's Agent

Heather Mellinger

Iron Valley Real Estate of Lancaster License #RS315276

Iron Valley Real Estate of Lancaster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,873

Year Built

  • Built in 1946

Lot Details

  • 0.8 Acre Lot

Parking

  • Parking Lot

Home Design

  • 4,752 Sq Ft Home
  • Asphalt Roof
  • Brick Front
  • Masonry
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Home Security

  • Motion Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Grab Bars
  • Mobility Improvements

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Window Unit Cooling System
  • Back Up Gas Heat Pump System
  • Three-Phase Power
  • 220 Volts
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • 2-Story Building

Listing and Financial Details

  • Assessor Parcel Number 310-98386-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,873

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Accessibility Features: Grab Bars Mod, Mobility Improvements
  • Ownership: Fee Simple
  • Exclusions: All tenant personal items
  • Inclusions: All seller owned appliances
  • New Construction: No
  • Year Built: 1946
  • Remarks Public: 8 great units include - 5 residential apartments and 3 commercial spaces; a restaurant, a resale floor store and a 40' x 36' - 3 bay warehouse. A rather large solar system provides electric that the seller sells to the flooring store. Awesome opportunity to operate your business out of the warehouse and have income coming from the other 7 units. Schedule your showing today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Concrete, Hardwood
  • Total Sq Ft: 4752
  • Living Area Sq Ft: 4752
  • Price Per Sq Ft: 167.93
  • Above Grade Finished Sq Ft: 4752
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2481

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Block, Brick, Brick Front, Masonry, Stucco
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C, Window Unit(s)
  • Electric Service: 220 Volts, 3 Phases
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Fire Detection System, Motion Detectors, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Dsl Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: CONESTOGA VALLEY
  • School District Key: 300200397374
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 252900.00
  • Land Assessed Value: 224000.00
  • Land Use Code: 579
  • Lot Size Acres: 0.80
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 34848.00
  • Year Assessed: 2020
  • Zoning: COMMERCIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4051130
  • School Tax: 6578.00
  • Tax Annual Amount: 8873.00
  • Assessor Parcel Number: 310-98386-0-0000
  • Tax Total Finished Sq Ft: 4752
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 08/30/2019

MLS Schools

  • School District Name: CONESTOGA VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2019
Closed on
Aug 30, 2019
Sold by
Properties Of Paradise Llc
Bought by
Dr & E Enterprise Llc
Seller's Agent
Jake Fisher
Hostetter Realty
Buyer's Agent
Heather Mellinger
Iron Valley Real Estate of Lancaster
List Price
$849,000
Sold Price
$765,000
Premium/Discount to List
-$84,000
-9.89%
Current Estimated Value
$1,199,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,556
Avg. Annual Appreciation
7.64%
Original Mortgage
$77,500
Outstanding Balance
$68,879
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
$1,115,711

Purchase Details

Listed on
Mar 25, 2013
Closed on
Oct 9, 2013
Sold by
Good J Ronald and Myer Gary L
Bought by
Properties Of Paradise Llc
List Price
$599,000
Sold Price
$520,000
Premium/Discount to List
-$79,000
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$390,000
Interest Rate
4.53%
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
Dr & E Enterprise Llc $765,000 None Available
Properties Of Paradise Llc $520,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dr & E Enterprise Llc $77,500
Previous Owner Properties Of Paradise Llc $390,000
Previous Owner Good J Ronald $310,000
Previous Owner Good J Ronald $258,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $765,000 -4.1% $161 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
04/22/2019 04/22/19 Price Changed $798,000 -6.0% $168 / Sq Ft
03/07/2019 03/07/19 For Sale $849,000 +63.3% $179 / Sq Ft
10/09/2013 10/09/13 Sold $520,000 -13.2% --
08/27/2013 08/27/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $599,000 -- --
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 $9,655 $476,900 $224,000 $252,900
2023 $9,432 $476,900 $224,000 $252,900
2022 $9,197 $476,900 $224,000 $252,900
2021 $8,873 $476,900 $224,000 $252,900
2020 $8,873 $476,900 $224,000 $252,900
2019 $8,682 $476,900 $224,000 $252,900
2018 $12,775 $476,900 $224,000 $252,900
2017 $9,129 $421,700 $96,000 $325,700
2016 $9,020 $421,700 $96,000 $325,700
2015 $2,305 $421,700 $96,000 $325,700
2014 $6,255 $421,700 $96,000 $325,700
Source: Public Records

Agents Affiliated with this Home

  • Jake Fisher

    Seller's Agent in 2019

    Jake Fisher

    Hostetter Realty

    (717) 587-2481

    3 in this area

    218 Total Sales

    Section Image
  • Emanuel Stoltzfus

    Seller Co-Listing Agent in 2019

    Emanuel Stoltzfus

    Hostetter Realty LLC

    (717) 471-9999

    1 in this area

    52 Total Sales

    Section Image
  • Heather Mellinger

    Buyer's Agent in 2019

    Heather Mellinger

    Iron Valley Real Estate of Lancaster

    (717) 371-7616

    1 in this area

    86 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PALA123588

Bright MLS

APN: 310-98386-0-0000

Pennsylvania Lancaster County Lancaster 17505 Fertility

2481 Old Philadelphia Pike, Lancaster, PA

This home is located at 2481 Old Philadelphia Pike, Lancaster, PA 17602 since 07 March 2019 and is currently estimated at $1,199,556, approximately $252 per square foot. This property was built in 1946. 2481 Old Philadelphia Pike is a home located in Lancaster County with nearby schools including Smoketown Elementary School, Gerald G. Huesken Middle School, and Conestoga Valley High School.

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