NOT LISTED FOR SALE

Estimated Value: $187,000 - $676,891

Studio
3 Baths
1,642 Sq Ft
$269/Sq Ft Est. Value

Last Sold June 05, 2021

Last sale price $518,000 $315 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $2,706/month

32 Days on Market

Highlights

  • Gourmet Kitchen
  • Dual Staircase
  • Wood Flooring
  • City View
  • Traditional Architecture
  • 4-minute walk to Steinman Park

About This Home

As of June 2021

Beautifully renovated 3-unit apartment building in the heart of Lancaster City Historic District. 3 separate 1 bedroom, 1 bath units all have separate entrances with all gas and electric utilities being paid by tenants. Turn key maintenance for the owner. Each unit offers updated interiors with new kitchens, stainless steel appliances, granite counters, exposed brick, hardwood floors and tiled bathrooms. Units 1 & 3 include in-unit laundry. All units feature separate heating and cooling systems. Set up to offer each unit 1 off street parking space in directly adjacent parking lot. This building and location have low maintenance cost, is easy to rent and provides great cash flow.

Last Agent to Sell the Property

Craig Hartranft

(717) 560-9100 chtbuyeragents@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS178558L Listed on: 03/12/2021

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Jim Hogan

(717) 560-9100 jhogan@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS328516

Last Buyer's Agent

Heather Mellinger

(717) 740-2221 contracts@ironvalleyrealestateoflancaster.com Iron Valley Real Estate of Lancaster License #RS315276

Iron Valley Real Estate of Lancaster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Downtown Location
  • Back Yard
  • Property is in excellent condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Interior Spaces

  • 1,642 Sq Ft Home
  • Dual Staircase
  • Brick Wall or Ceiling
  • Replacement Windows
  • Insulated Windows
  • Insulated Doors
  • Dining Area
  • City Views
  • Unfinished Basement
  • Interior Basement Entry
  • Fire and Smoke Detector

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 9 Parking Spaces
  • 3 Off-Street Spaces
  • 3 Off-Site Spaces
  • Parking Lot

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heat Pump System
  • Wall Furnace
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, parking fee, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 333-31581-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $10,199
  • Net Operating Income $34,981

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Dryer
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior Amenities: Additional Stairway, Dining Area, Kitchen - Gourmet, Stall Shower, Tub Shower, Upgraded Countertops, Wood Floors
  • Window Features: Replacement, Insulated
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Brick, Dry Wall
  • Basement: Yes
  • Basement Type: Interior Access, Unfinished
  • Total Sq Ft: 1642
  • Living Area Sq Ft: 1642
  • Price Per Sq Ft: 334.96
  • Above Grade Finished Sq Ft: 1642
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting
  • Road Surface Type: Paved
  • Roof: Composite, Rubber, Shingle
  • View: City
  • 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: 9
  • Type Of Parking: Off Street, Off Site, Parking Lot
  • Off Site Number Of Spaces: 3
  • Off Street Parking Spaces: 3
  • Parking Lot Number Of Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Wall Unit
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s), Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Balcony, Patio(s)
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Common Area Maintenance, Insurance, Parking Fee, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 45240.00
  • Vacation Rental: No

Tax Info

  • School Tax: 2759.00
  • Tax Annual Amount: 4567.00
  • Assessor Parcel Number: 333-31581-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Income: 45180.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 10199.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Jun 5, 2021
Sold by
Rock River Llc
Bought by
Mammis Lancaster Lime Company Llc
Seller's Agent
Craig Hartranft
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Heather Mellinger
Iron Valley Real Estate of Lancaster
List Price
$550,000
Sold Price
$518,000
Premium/Discount to List
-$32,000
-5.82%
Current Estimated Value
$441,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,027
Avg. Annual Appreciation
-3.36%
Original Mortgage
$388,500
Outstanding Balance
$351,738
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$90,235

Purchase Details

Closed on
Mar 29, 2016
Sold by
Deberdine Michael F
Bought by
Rock River Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mammis Lancaster Lime Company Llc $518,000 None Available
Rock River Llc $114,750 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mammis Lancaster Lime Company Llc $388,500
Previous Owner Rock River Llc $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2021 06/05/21 Sold $518,000 -5.8% $315 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $550,000 -- $335 / 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
2025 $4,899 $123,800 $12,500 $111,300
2024 $4,899 $123,800 $12,500 $111,300
2023 $4,816 $123,800 $12,500 $111,300
2022 $4,616 $123,800 $12,500 $111,300
2021 $4,517 $123,800 $12,500 $111,300
2020 $4,517 $123,800 $12,500 $111,300
2019 $4,449 $123,800 $12,500 $111,300
2018 $2,640 $123,800 $12,500 $111,300
2017 $2,889 $62,900 $13,300 $49,600
2016 $2,863 $62,900 $13,300 $49,600
2015 $1,117 $62,900 $13,300 $49,600
2014 $2,498 $62,900 $13,300 $49,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA178506

Bright MLS

APN: 333-31581-0-0000