NOT LISTED FOR SALE

256 N Railroad St Palmyra, PA 17078

Estimated Value: $353,000 - $377,736

-- Bed
3 Baths
3,120 Sq Ft
$116/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $291,000 $93 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,314/month

9 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Property is in very good condition
  • Palmyra Area Senior High School Rated 9+
  • Hot Water Heating System
  • 2-minute walk to Club Fido

About This Home

As of January 2023

3 apartment units: 256 N. Railroad St (address of property) is a 2 bedroom unit rented month-to-month for $825/month, with recent first floor paint. The other two units have entrances along the side of the house under the overhang. 2 East High St. is a first-floor one-bedroom unit is rented on annual lease for $975/month, with a private covered porch leading to the yard. 4 East High St. is a two-bedroom unit rented on annual lease for $1250/month, recently renovated and fully repainted. The large detached garage rents to a separate tenant at $125/month, month-to-month. Spacious yard is available for tenants' use. Gross Annual Income $38,100. Tenants pay their own natural gas heat ( 3 separate furnaces) and their own electric hot water ( 3 separate water heaters). The seller has no electric bill although there is a meter. Sellers are PA licensed Realtor.

Last Agent to Sell the Property

Ozzie Torres

(717) 517-2214 Ozzietorresrealtor@gmail.com Contigo Real Estate Listed on: 12/10/2022

Last Buyer's Agent

Tommy Long

(717) 507-9521 thomaslong@howardhanna.com Howard Hanna Krall Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,225

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Back Yard
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Converted Dwelling
  • Permanent Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outbuilding
  • Porch

Location

  • Urban Location

Schools

  • Palmyra Area High School

Utilities

  • Hot Water Heating System
  • Above Ground Utilities
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for lawn/shrub care, sewer, snow removal, water, real estate taxes, trash collection
  • Assessor Parcel Number 16-2289594-358223-0000

Community Details

Overview

  • 4 Units
  • 2-Story Building
  • Palmyra Borough Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $38,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,225

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: All tenants' personal property.
  • Inclusions: Washer and dryer in basement. Any refrigerators belonging to owner.
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3120
  • Living Area Sq Ft: 3120
  • Price Per Sq Ft: 95.83
  • Above Grade Finished Sq Ft: 3120
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s), Sidewalks
  • Roof: Composite
  • View: Street
  • 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
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground
  • Water Source: Public

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PALMYRA AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 142700.00
  • Land Assessed Value: 28600.00
  • Lot Features: Cleared, Corner, Level, Rear Yard
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11326.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good, Good, Average
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 2
  • Owner Pays: Lawn/Shrub Care, Sewer, Snow Removal, Water, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 3175.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10319387
  • School Tax: 2886.00
  • Tax Annual Amount: 4225.00
  • Assessor Parcel Number: 16-2289594-358223-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Gross Income: 38100.00
  • Gross Scheduled Income: 38100.00
  • Income Includes: Apartment Rentals
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2022
Closed on
Jan 19, 2023
Sold by
Torres Ozzie and Torres Stephanie
Bought by
Moyer Benjamin S and Moyer Samuel R
Seller's Agent
Ozzie Torres
Contigo Real Estate
Buyer's Agent
Tommy Long
Howard Hanna Krall Real Estate
List Price
$299,000
Sold Price
$291,000
Premium/Discount to List
-$8,000
-2.68%
Views
26
Current Estimated Value
$363,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,434
Avg. Annual Appreciation
8.36%

Purchase Details

Listed on
Jun 27, 2021
Closed on
Aug 27, 2021
Sold by
Gengric Lc
Bought by
Torres Ozzie and Torres Stephanie
Seller's Agent
Ernie Steele
Berkshire Hathaway Homesale Realty
Buyer's Agent
Ozzie Torres
Contigo Real Estate
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.76%
Original Mortgage
$180,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2018
Closed on
May 29, 2018
Sold by
Keefer Gerald G and Keefer Marion R
Bought by
Gengric Llc
Seller's Agent
Naomi Fredlund
Life Changes Realty Group
Buyer's Agent
Ernie Steele
Berkshire Hathaway Homesale Realty
List Price
$174,900
Sold Price
$174,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.23%
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
Moyer Benjamin S $291,000 --
Moyer Benjamin S $291,000 None Listed On Document
Torres Ozzie $240,000 None Available
Gengric Llc $174,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Ozzie $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2023 01/19/23 Sold $291,000 -2.7% $93 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/10/2022 12/10/22 For Sale $299,000 +24.6% $96 / Sq Ft
08/27/2021 08/27/21 Sold $240,000 -4.0% $77 / Sq Ft View Prior Sale
07/10/2021 07/10/21 Pending -- -- --
06/27/2021 06/27/21 For Sale $250,000 +42.9% $80 / Sq Ft
05/30/2018 05/30/18 Sold $174,900 0.0% $46 / Sq Ft View Prior Sale
04/17/2018 04/17/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $174,900 -- $46 / 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 $4,895 $171,300 $28,600 $142,700
2024 $4,324 $171,300 $28,600 $142,700
2023 $4,324 $171,300 $28,600 $142,700
2022 $4,125 $171,300 $28,600 $142,700
2021 $3,835 $171,300 $28,600 $142,700
2020 $3,786 $171,300 $28,600 $142,700
2019 $3,705 $171,300 $28,600 $142,700
2018 $3,587 $171,300 $28,600 $142,700
2017 $1,063 $171,300 $28,600 $142,700
2016 $3,368 $171,300 $28,600 $142,700
2015 -- $171,300 $28,600 $142,700
2014 -- $171,300 $28,600 $142,700
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2023

    Ozzie Torres

    Contigo Real Estate

    (717) 517-2214

    3 in this area

    32 Total Sales

    Ozzie Torres
    Section Image
  • Tommy Long

    Buyer's Agent in 2023

    Tommy Long

    Howard Hanna Krall Real Estate

    (717) 507-9521

    5 in this area

    159 Total Sales

    Tommy Long
    Section Image

  • E

    Seller's Agent in 2021

    Ernie Steele

    Berkshire Hathaway Homesale Realty

    Section Image
  • Naomi Fredlund

    Seller's Agent in 2018

    Naomi Fredlund

    Life Changes Realty Group

    (717) 366-4056

    5 in this area

    33 Total Sales

    Naomi Fredlund
    Section Image
  • Andrea Keiper

    Seller Co-Listing Agent in 2018

    Andrea Keiper

    Coldwell Banker Realty

    (717) 202-5659

    7 in this area

    104 Total Sales

    Andrea Keiper
    Section Image
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Map

Source: Bright MLS

MLS Number: PALN2008060

Bright MLS

APN: 16-2289594-358223-0000

Pennsylvania Lebanon County Palmyra 17078

256 N Railroad St, Palmyra, PA

This home is located at 256 N Railroad St, Palmyra, PA 17078 since 10 December 2022 and is currently estimated at $363,434, approximately $116 per square foot. This property was built in 1920. 256 N Railroad St is a home located in Lebanon County with nearby schools including Palmyra Area Senior High School and St. Joan of Arc Elementary School.

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