$279,000
SOLD OCT 28, 2024

251 E Franklin St New Holland, PA 17557

-- Bed
-- Bath
1,608 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$174 Per Sq Ft

7 Days on Market

Highlights

  • Traditional Architecture
  • Bathtub with Shower
  • Central Air
  • Porch
  • Shed
  • 2-minute walk to Overly's Grove

About This Home

As of October 2024

Nice turn key 2 unit in New Holland Borough. Fully rented and tenants would like to stay. both Units are 2 bedroom 1 Bath. Owner pays water, sewer and trash but there are separate meters so it could be changed. Rents have not been increased since June 2022. Brand new roof on 251 and roof on 253 was replaced in 2020.

Last Agent to Sell the Property

Stuart Hess

Kingsway Realty - Ephrata

Last Buyer's Agent

Tracey Jones

Hostetter Realty-New Holland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,042

Year Built

  • Built in 1930

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Back Yard
  • Property is in good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Bathtub with Shower
  • 1,608 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Interior Basement Entry
  • Storm Doors

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces

Outdoor Features

  • Shed
  • Porch

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 480-32567-0-0000

Community Details

Overview

  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,227
  • Operating Expense $1,100
  • Gross Income $21,840
  • Net Operating Income $16,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,042

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Nice turn key 2 unit in New Holland Borough. Fully rented and tenants would like to stay. both Units are 2 bedroom 1 Bath. Owner pays water, sewer and trash but there are separate meters so it could be changed. Rents have not been increased since June 2022. Brand new roof on 251 and roof on 253 was replaced in 2020.
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Dishwasher, Refrigerator, Water Heater
  • Flooring Type: Carpet, Laminate Plank
  • Interior Amenities: Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining
  • Window Features: Insulated
  • Door Features: Insulated, Storm
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Interior Access, Poured Concrete, Unfinished
  • Total Sq Ft: 1608
  • Living Area Sq Ft: 1608
  • Price Per Sq Ft: 174.07
  • Above Grade Finished Sq Ft: 1608
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 251-253

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame, Vinyl Siding
  • Road Surface Type: Black Top
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • School District: EASTERN LANCASTER COUNTY
  • School District Key: 300200397372
  • School District Source: Listing Agent

Lot Info

  • Lot Features: Level, Rear Yard
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: C-2 COMMERCIAL

Rental Info

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

Tax Info

  • School Tax: 2042.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3042.00
  • Assessor Parcel Number: 480-32567-0-0000
  • Tax Total Finished Sq Ft: 1608
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 10/28/2024

Multi Family

  • Gross Scheduled Income: 21840.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 1100.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: EASTERN LANCASTER COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Oct 28, 2024
Sold by
Nolt Jason
Bought by
Redcay Braden R and Redcay Kendra L
Seller's Agent
Stuart Hess
Kingsway Realty - Ephrata
Buyer's Agent
Tracey Jones
Hostetter Realty-New Holland
List Price
$279,900
Sold Price
$279,000
Premium/Discount to List
-$900
-0.32%
Total Days on Market
7
Views
14
Current Estimated Value
$285,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,142
Avg. Annual Appreciation
2.79%
Original Mortgage
$259,100
Outstanding Balance
$258,351
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$24,987

Purchase Details

Listed on
Apr 21, 2014
Closed on
May 20, 2014
Sold by
Stoltzfus Samuel Jay and Stoltzfus Becky R
Bought by
Nolt Jason
List Price
$171,500
Sold Price
$162,000
Premium/Discount to List
-$9,500
-5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%

Purchase Details

Listed on
Apr 9, 2012
Closed on
May 7, 2012
Sold by
Alviti Janet M
Bought by
Stoltzfus Samuel Jay and Stoltzfus Becky R
Seller's Agent
Clair Kreider
Hostetter Realty LLC
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%

Map

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 Type Sale Price Title Company
Deed $279,000 None Listed On Document
Deed $162,000 None Available
Deed $150,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $259,100 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $279,000 -0.3% $174 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $279,900 +72.8% $174 / Sq Ft
05/21/2014 05/21/14 Sold $162,000 -5.5% $101 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
04/21/2014 04/21/14 For Sale $171,500 +14.3% $107 / Sq Ft
05/07/2012 05/07/12 Sold $150,000 +0.1% $93 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
04/09/2012 04/09/12 For Sale $149,900 -- $93 / Sq Ft
Source: Bright MLS

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 $2,998 $150,200 $50,300 $99,900
2023 $2,884 $150,200 $50,300 $99,900
2022 $2,855 $150,200 $50,300 $99,900
2021 $2,738 $150,200 $50,300 $99,900
2020 $2,738 $150,200 $50,300 $99,900
2019 $2,711 $150,200 $50,300 $99,900
2018 $3,721 $150,200 $50,300 $99,900
2017 $2,406 $108,500 $32,100 $76,400
2016 $2,406 $108,500 $32,100 $76,400
2015 $774 $108,500 $32,100 $76,400
2014 $1,564 $108,500 $32,100 $76,400
Source: Public Records

Source: Bright MLS

MLS Number: PALA2056628

Bright MLS

APN: 480-32567-0-0000