NOT LISTED FOR SALE

Estimated Value: $444,164

-- Bed
-- Bath
6,000 Sq Ft
$74/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $349,000 $58 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,726/month

14 Days on Market

Highlights

  • Barn
  • Traditional Architecture
  • 4 Car Detached Garage
  • Mechanicsburg Area Senior High School Rated A-
  • No HOA
  • Parking Storage or Cabinetry

About This Home

As of November 2021

Originally The Bowmansdale Hotel this well maintained property offers many possibilities. This property has had extensive renovations over the decades. Commercial tenant occupies first level and has renewed for an additional 5 year term. The second floor has a beautiful 3 bedroom 1.5 bath apartment with solid surface counter top, breakfast bar, large screened in porch, walk in pantry and laundry room (tenants have outside access to laundry and pay for use) Two mini splits for A/C. Third floor has 2 apartments, one with 1 bedroom and 1 bathroom living room , eat in kitchen , other has "1 1/2" bedroom full bath living room and eat in kitchen. Solar panels on the "Barn" supplement the electric in the 3 bedroom apartment bringing the electric costs down to a minimum. The Barn has a metal roof and the loft is constructed of barn wood flooring. Current rents to not reflect fair market rents on the apartments and the 3 bedroom is the current owner's residence so the numbers do not show rent for this apartment.
The barn has been converted to a 4 car garage and workshop, which has a single 16' door and (2) 9' single bay doors with openers. The shop area has an oil furnace and would make a great workshop, car storage / / repairs. Plenty of storage on the second floor with stairway access. Exterior of barn has vinyl siding, 150 amp service.
The electric has all been re-wired (no knob & tube) in the apartment building, replacement windows, and newer roof. Three zone heat with lock boxes, trek decking and much more!
Rental income does not reflect the rent for the 3 bedroom unit on second floor which is owner occupied.
New window for laundry room is ordered and will be installed.

Last Agent to Sell the Property

KEVIN ANDERSON

Keller Williams of Central PA License #AB046252A Listed on: 08/31/2021

Keller Williams of Central PA

Last Buyer's Agent

Jennifer DeBernardis

Coldwell Banker Realty License #5008406

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,328

Year Built

  • Built in 1800

Lot Details

  • 0.29 Acre Lot
  • Property is in good condition

Parking

  • 4 Car Detached Garage
  • 6 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway
  • Parking Lot

Home Design

  • 6,000 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Partially Finished Basement

  • Walk-Out Basement
  • Front Basement Entry

Schools

  • Shepherdstown Elementary School
  • Mechanicsburg Middle School
  • Mechanicsburg Area High School

Farming

  • Barn

Utilities

  • Ductless Heating Or Cooling System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Well
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, lawn/shrub care, repairs, sewer, real estate taxes, trash collection
  • Assessor Parcel Number 42-30-2114-047

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes laundry
  • Insurance Expense $3,684
  • Maintenance Expense $4,921
  • Operating Expense $4,356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,328

Year Built

Built in 1800

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-08-31
  • Year Built: 1800
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Originally The Bowmansdale Hotel this well maintained property offers many possibilities. This property has had extensive renovations over the decades. Commercial tenant occupies first level and has renewed for an additional 5 year term. The second floor has a beautiful 3 bedroom 1.5 bath apartment with solid surface counter top, breakfast bar, large screened in porch, walk in pantry and laundry room (tenants have outside access to laundry and pay for use) Two mini splits for A/C. Third floor has 2 apartments, one with 1 bedroom and 1 bathroom living room , eat in kitchen , other has "1 1/2" bedroom full bath living room and eat in kitchen. Solar panels on the "Barn" supplement the electric in the 3 bedroom apartment bringing the electric costs down to a minimum. The Barn has a metal roof and the loft is constructed of barn wood flooring. Current rents to not reflect fair market rents on the apartments and the 3 bedroom is the current owner's residence so the numbers do not show rent for this apartment. The barn has been converted to a 4 car garage and workshop, which has a single 16' door and (2) 9' single bay doors with openers. The shop area has an oil furnace and would make a great workshop, car storage / / repairs. Plenty of storage on the second floor with stairway access. Exterior of barn has vinyl siding, 150 amp service. The electric has all been re-wired (no knob & tube) in the apartment building, replacement windows, and newer roof. Three zone heat with lock boxes, trek decking and much more! Rental income does not reflect the rent for the 3 bedroom unit on second floor which is owner occupied. New window for laundry room is ordered and will be installed.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone, Block
  • Basement: Yes
  • Basement Type: Front Entrance, Partially Finished, Walkout Level
  • Total Sq Ft: 6000
  • Living Area Sq Ft: 6000
  • Price Per Sq Ft: 58.17
  • Above Grade Finished Sq Ft: 6000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 25

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Barn
  • Construction Materials: Block, Vinyl Siding, Frame
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Paved Parking
  • Garage Features: Additional Storage Area
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Driveway, Detached Garage, Parking Lot
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: MECHANICSBURG AREA
  • Elementary School: SHEPHERDSTOWN
  • Middle School: MECHANICSBURG
  • High School: MECHANICSBURG AREA
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396842
  • School District Source: Listing Agent
  • Elementary School: SHEPHERDSTOWN
  • High School: MECHANICSBURG AREA
  • Middle Or Junior School: MECHANICSBURG

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 118700.00
  • Land Assessed Value: 51300.00
  • Land Use Code: 319
  • Lot Size Acres: 0.29
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: 319 MIXED COMM. / RES.

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Owner Pays: Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 25595.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11086547
  • School Tax: 2493.00
  • Tax Annual Amount: 3328.00
  • Assessor Parcel Number: 42-30-2114-047
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/08/2021

Multi Family

  • Gross Income: 27595.00
  • Income Includes: Laundry
  • Operating Expense: 4356.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Nov 8, 2021
Sold by
Mcloughlin Teresa M
Bought by
Elizabeth Kostin Associates Llc
Seller's Agent
KEVIN ANDERSON
Keller Williams of Central PA
Buyer's Agent
Jennifer DeBernardis
Coldwell Banker Realty
List Price
$349,000
Sold Price
$349,000
Current Estimated Value
$444,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,164
Avg. Annual Appreciation
5.94%
Original Mortgage
$279,200
Outstanding Balance
$256,979
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$177,869
Source: Public Records

Range of Values:

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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
Elizabeth Kostin Associates Llc $349,000 Commercial Abstract Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elizabeth Kostin Associates Llc $279,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $349,000 0.0% $58 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $349,000 -- $58 / 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 $3,730 $170,000 $51,300 $118,700
2024 $3,594 $170,000 $51,300 $118,700
2023 $3,437 $170,000 $51,300 $118,700
2022 $3,345 $170,000 $51,300 $118,700
2021 $3,241 $170,000 $51,300 $118,700
2020 $3,161 $170,000 $51,300 $118,700
2019 $3,082 $170,000 $51,300 $118,700
2018 $3,029 $170,000 $51,300 $118,700
2017 $2,968 $170,000 $51,300 $118,700
2016 -- $170,000 $51,300 $118,700
2015 -- $170,000 $51,300 $118,700
2014 -- $170,000 $51,300 $118,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB2001952

Bright MLS

APN: 42-30-2114-047