NOT LISTED FOR SALE

249 E Chestnut St Lancaster, PA 17602

Musser Park Neighborhood

Estimated Value: $321,000 - $373,000

-- Bed
2 Baths
1,983 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $335,000 $169 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,462/month

52 Days on Market

Highlights

  • Traditional Architecture
  • Radiator
  • 2-minute walk to Musser Park

About This Home

As of August 2024

Rare opportunity to own a multi-unit in the Musser Park neighborhood of Lancaster City. This well maintained two unit is turnkey and ready for a new owner. All utilities are separated. Shared laundry area in basement for the tenants in both units. Apartment 1 is a one bedroom unit. Apartment 2 is a two (or three) bedroom unit. Both units are currently rented. Apartment 2 is month to month. Apartment one has a lease that is within the first year. Both units share the yard that has a picnic table and a deck. Leases available. This property is walkable to everywhere downtown and Musser Park is directly across the street. Permitted parking available. Currently managed by professional management company. Owner is licensed PA real estate agent.

Last Agent to Sell the Property

Jeffrey Bowman

Hometown Property Sales License #RM424148 Listed on: 05/22/2024

Last Buyer's Agent

Jason Musselman

EXP Realty, LLC License #RS336016

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,525

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,983 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Masonry

Utilities

  • Radiator
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, water, sewer, trash collection
  • Assessor Parcel Number 336-39777-0-0000

Community Details

Overview

  • 2 Units
  • 3-Story Building
  • Musser Park Subdivision

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,525

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: All appliances in both units for no consideration.
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own a multi-unit in the Musser Park neighborhood of Lancaster City. This well maintained two unit is turnkey and ready for a new owner. All utilities are separated. Shared laundry area in basement for the tenants in both units. Apartment 1 is a one bedroom unit. Apartment 2 is a two (or three) bedroom unit. Both units are currently rented. Apartment 2 is month to month. Apartment one has a lease that is within the first year. Both units share the yard that has a picnic table and a deck. Leases available. This property is walkable to everywhere downtown and Musser Park is directly across the street. Permitted parking available. Currently managed by professional management company. Owner is licensed PA real estate agent.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 1983
  • Living Area Sq Ft: 1983
  • Price Per Sq Ft: 168.94
  • Above Grade Finished Sq Ft: 1983
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 249

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: 114
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2023
  • Zoning: R4
  • Zoning Description: High Density

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Taxes - Real Estate, Water, Sewer, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 27000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3960.00
  • Tax Annual Amount: 6525.00
  • Assessor Parcel Number: 336-39777-0-0000
  • Tax Total Finished Sq Ft: 1983
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/09/2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Aug 9, 2024
Sold by
Gorgone Samuel F
Bought by
Layton Joshua and Layton Asia
Seller's Agent
Jeffrey Bowman
Hometown Property Sales
Buyer's Agent
Jason Musselman
EXP Realty, LLC
List Price
$335,000
Sold Price
$335,000
Views
192
Current Estimated Value
$352,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,071
Avg. Annual Appreciation
4.85%
Original Mortgage
$318,250
Outstanding Balance
$314,986
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$37,085

Purchase Details

Closed on
Jul 13, 2007
Sold by
Salinas Marco and Salinas Michelle
Bought by
Maglietta Anthony J

Purchase Details

Closed on
Sep 30, 1999
Sold by
Spiegelberg Barbara J and Spiegelberg Bruce
Bought by
Findley Andrew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,858
Interest Rate
7.85%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Layton Joshua $335,000 Evans Abstract
Maglietta Anthony J $60,000 None Available
Findley Andrew D $80,900 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Layton Joshua $318,250
Previous Owner Gorgone Samuel F $105,000
Previous Owner Gorgone Samuel F $58,900
Previous Owner Gorgone Samuel F $35,000
Previous Owner Findley Andrew D $80,858
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $335,000 0.0% $169 / Sq Ft
07/15/2024 07/15/24 Price Changed $335,000 +3.1% $169 / Sq Ft
07/13/2024 07/13/24 Pending -- -- --
07/11/2024 07/11/24 Price Changed $325,000 -3.0% $164 / Sq Ft
06/18/2024 06/18/24 Price Changed $335,000 0.0% $169 / Sq Ft
06/18/2024 06/18/24 For Sale $335,000 -4.3% $169 / Sq Ft
05/29/2024 05/29/24 Price Changed $350,000 +1.4% $177 / Sq Ft
05/25/2024 05/25/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $345,000 -- $174 / 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 $6,525 $164,900 $36,400 $128,500
2024 $6,525 $164,900 $36,400 $128,500
2023 $6,415 $164,900 $36,400 $128,500
2022 $6,148 $164,900 $36,400 $128,500
2021 $6,016 $164,900 $36,400 $128,500
2020 $6,016 $164,900 $36,400 $128,500
2019 $5,926 $164,900 $36,400 $128,500
2018 $3,517 $164,900 $36,400 $128,500
2017 $4,189 $91,200 $21,600 $69,600
2016 $4,151 $91,200 $21,600 $69,600
2015 $1,619 $91,200 $21,600 $69,600
2014 $3,622 $91,200 $21,600 $69,600
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Bowman

    Seller's Agent in 2024

    Jeffrey Bowman

    Hometown Property Sales

    (717) 201-1363

    3 in this area

    68 Total Sales

    Jeffrey Bowman
    Section Image
  • Jason Musselman

    Buyer's Agent in 2024

    Jason Musselman

    EXP Realty, LLC

    (267) 664-2268

    1 in this area

    108 Total Sales

    Jason Musselman
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA2051256

Bright MLS

APN: 336-39777-0-0000

Pennsylvania Lancaster County Lancaster 17602 Musser Park

249 E Chestnut St, Lancaster, PA

This home is located at 249 E Chestnut St, Lancaster, PA 17602 since 22 May 2024 and is currently estimated at $352,071, approximately $177 per square foot. This property was built in 1900. 249 E Chestnut St is a home located in Lancaster County with nearby schools including Fulton El School, Lincoln Middle School, and McCaskey High School.

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