NOT LISTED FOR SALE

26 Willow St Adamstown, PA 19501

-- Bed
-- Bath
2,325 Sq Ft
6,534 Sq Ft Lot

Last Sold December 01, 2022

Last sale price $507,000 $218 Per Sq Ft

168 Days on Market

Highlights

  • Gourmet Kitchen
  • Deck
  • Attic
  • Open Floorplan
  • Engineered Wood Flooring
  • Upgraded Countertops

About This Home

As of December 2022

OWNERS WILL CONSIDER HOLDING BUYER FINANCING!!! After purchasing this former Tobacco Drying Barn, built in 1900, the current owners got approval from the Borough of Adamstown to convert the entire second floor of the building, into one 1700 Square foot Luxury Owner's Quarters/Apartment, which now boasts an open floor plan, with manufactured wood flooring, 2 bedrooms and two full bathrooms, laundry area, living room, and a magnificent gourmet kitchen, with a granite eating peninsula that seats 8, stainless steel appliances, natural gas 5 burner cooktop range/oven with built in microwave and three door refrigerator. The owners bath is large and private, with a 5 foot glass and tile shower stall, with twin Corian vanities. Comparable Lancaster County flats bring in rents in the $2350-$2650 range. This apartment is currently owner occupied and will be vacated upon settlement. Owner also have access to a full attic, as well as a full basement for storage. Basement can also be used for a coin operated laundry if the future owners would like to do so. The 1st Floor apartments are a one bedroom, one bath flat, and the other is a two bedroom, one bath flat that were also renovated at the time of purchase. Both are fully occupied, with year leases, at $715 and $1050 respectively. First floor tenants pay their own heat & electric. Owner pays their water and sewer. Tenant currently do laundry off site. Both first floor apartments are under rented at this point. The building has a 100 year raised seem tin roof with vinyl siding, and there is a 6 car parking lot in the rear, with 2 designated parking spaces for each unit. This property is in excellent condition and can be a money maker for an owner/occupant or investor for years to come.

Last Agent to Sell the Property

Liz Egner

RE/MAX Of Reading License #AB062436L Listed on: 05/19/2022

RE/MAX Of Reading

Last Buyer's Agent

Tricia Bubel

RE/MAX Of Reading License #5016644

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,307

Year Built

  • Built in 1900 | Remodeled in 2019

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Triplex
  • Studio
  • Block Foundation
  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Engineered Wood Flooring
  • Natural lighting in basement
  • Fire Escape
  • Attic

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Radiant Heating System
  • Above Ground Utilities
  • 200+ Amp Service
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Suburban Location

Listing and Financial Details

  • The owner pays for common area maintenance, gas, insurance, repairs, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 010-14464-0-0000

Community Details

Overview

  • 3 Units
  • 4-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,300
  • Trash Expense $900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,307

Year Built

Built in 1900 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Washer/Dryer in unit #3
  • Historic: No
  • Inclusions: All kitchen appliances in units 1, 2, and 3
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Remarks Public: OWNERS WILL CONSIDER HOLDING BUYER FINANCING!!! After purchasing this former Tobacco Drying Barn, built in 1900, the current owners got approval from the Borough of Adamstown to convert the entire second floor of the building, into one 1700 Square foot Luxury Owner's Quarters/Apartment, which now boasts an open floor plan, with manufactured wood flooring, 2 bedrooms and two full bathrooms, laundry area, living room, and a magnificent gourmet kitchen, with a granite eating peninsula that seats 8, stainless steel appliances, natural gas 5 burner cooktop range/oven with built in microwave and three door refrigerator. The owners bath is large and private, with a 5 foot glass and tile shower stall, with twin Corian vanities. Comparable Lancaster County flats bring in rents in the $2350-$2650 range. This apartment is currently owner occupied and will be vacated upon settlement. Owner also have access to a full attic, as well as a full basement for storage. Basement can also be used for a coin operated laundry if the future owners would like to do so. The 1st Floor apartments are a one bedroom, one bath flat, and the other is a two bedroom, one bath flat that were also renovated at the time of purchase. Both are fully occupied, with year leases, at $715 and $1050 respectively. First floor tenants pay their own heat & electric. Owner pays their water and sewer. Tenant currently do laundry off site. Both first floor apartments are under rented at this point. The building has a 100 year raised seem tin roof with vinyl siding, and there is a 6 car parking lot in the rear, with 2 designated parking spaces for each unit. This property is in excellent condition and can be a money maker for an owner/occupant or investor for years to come.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Gas, Oven/Range - Electric, Range Hood, Refrigerator
  • Flooring Type: Engineered Wood
  • Interior Amenities: Ceiling Fan(s), Attic, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stall Shower, Studio, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 4650
  • Living Area Sq Ft: 2325
  • Price Per Sq Ft: 225.81
  • Above Grade Finished Sq Ft: 2325
  • Above Grade Unfinished Sq Ft: 775
  • Below Grade Sq Ft: 1550
  • Total Below Grade Sq Ft: 1550
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 26

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Fire Escape, Sidewalks
  • Road Surface Type: Black Top
  • Roof: Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Parking Lot, Off Street
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Window Unit(s)
  • Monthly Average Electric: 125
  • Previous Twelve Months Electric Expense: 1500.00
  • Electric Service: 100 Amp Service, 200+ Amp Service
  • Gas Avg Month: 70.00
  • Gas Prev12 Months: 840.00
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv
  • Monthly Water Average: 150
  • Water Previous Twelve Months: 1800.00
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: COCALICO
  • School District Key: 300200397416
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 117700.00
  • Land Assessed Value: 62300.00
  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: HIGHWAY COMMERCIAL
  • Zoning Description: 513 Apartment: Apartment Building(s)

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Gas, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 49380.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3974782
  • School Tax: 3415.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4307.00
  • Assessor Parcel Number: 010-14464-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/01/2022

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: COCALICO

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $507,000 -3.4% $218 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $525,000 -6.2% $226 / Sq Ft
05/19/2022 05/19/22 For Sale $559,900 +211.1% $241 / Sq Ft
09/19/2019 09/19/19 Sold $180,000 -18.2% $77 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $220,000 -- $95 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2018638

Bright MLS