Seller's Agent in 2022
Craig Hartranft
Berkshire Hathaway HomeServices Homesale Realty
(717) 917-9619
5 in this area
884 Total Sales
28 E Vine St Lancaster, PA 17602
Mussertown NeighborhoodEstimated Value: $1,053,794
Studio
--
Bath
4,698
Sq Ft
$224/Sq Ft
Est. Value
Highlights
- 0.22 Acre Lot
- Traditional Architecture
- Combination Kitchen and Living
- Open Floorplan
- Wood Flooring
- 4-minute walk to Steinman Park
About This Home
As of November 2022Join the new Southern Market and upcoming Willow Valley Mosaic tower neighborhood! Fantastic mixed use investment opportunity with large parking lot. Perfect for an owner occupant or small business owner to live or work, collecting apartment income, or use as a traditional investment property and capitalize on premium rents due to flexibility of use of space, excellent property condition, and central location. The first floor commercial space offers over 2,200 square feet, is ready to be built out to suit, and features freespan ceilings, exposed brick wall, and rear access to the parking lot. Ideal for office, gallery, yoga or fitness studio, coffee shop and many other uses. The 2nd and 3rd floors feature two fully leased stylish apartments that were completely renovated in 2015/2016 and are producing steady income. Both apartments feature original hardwood floors, granite kitchen counters, stainless steel appliances, in-unit laundry, mini-split heating/cooling units and all-new windows. All spaces feature separate hot water, electric, and gas utilities. At the rear of the building is a lighted 17 space parking lot, accessed by South Christian Street with leased spaces producing additional income. Located a block away from Lancaster's Penn Square, you are within walking distance of all of Lancaster City's major attractions including historic Central Market, Fulton Opera House, Lancaster Convention Center, and countless shops and restaurants.
Last Agent to Sell the Property
(717) 560-9100 chtbuyeragents@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS178558L Listed on: 04/27/2022
Co-Listed By
(717) 560-9100 jhogan@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS328516
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,770
Year Built
- Built in 1895
Lot Details
- 9,583 Sq Ft Lot
- Downtown Location
- Additional Land
- Property is in excellent condition
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Interior Spaces
- 4,698 Sq Ft Home
- Open Floorplan
- Brick Wall or Ceiling
- Ceiling height of 9 feet or more
- Replacement Windows
- Insulated Windows
- Combination Kitchen and Living
- Unfinished Basement
- Interior Basement Entry
Kitchen
- Gas Oven or Range
- Stove
- Stainless Steel Appliances
- Upgraded Countertops
Flooring
- Wood
- Carpet
- Ceramic Tile
Laundry
- Dryer
- Washer
Home Security
- Fire and Smoke Detector
- Fire Escape
Parking
- 17 Open Parking Spaces
- 17 Parking Spaces
- Lighted Parking
- Paved Parking
- Parking Lot
- Off-Street Parking
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Balcony
- Patio
- Exterior Lighting
Utilities
- Multiple cooling system units
- Ductless Heating Or Cooling System
- Cooling System Mounted In Outer Wall Opening
- Radiator
- Wall Furnace
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for sewer, snow removal, real estate taxes, trash collection, water
- Assessor Parcel Number 333-34010-0-0000
Community Details
Overview
- 3 Units
Building Details
- 1 Vacant Unit
- Income includes apartment rentals, parking, professional offices, shop rentals
- Operating Expense $20,814
- Net Operating Income $69,906
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2022
Closed on
Nov 23, 2022
Sold by
Rl2 Development Llc
Bought by
F28 Vine Llc
Seller's Agent
Craig Hartranft
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Benuel Esh
Astoria Realty Advisors LLC
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,794
Avg. Annual Appreciation
5.09%
Original Mortgage
$46,400
Outstanding Balance
$44,820
Interest Rate
6.95%
Estimated Equity
$1,008,974
Purchase Details
Closed on
May 20, 2015
Sold by
28 East Vine Street Lp
Bought by
Rl2 Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 29, 2007
Sold by
Lefever Jeffrey N
Bought by
28 East Vine Street Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.37%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| F28 Vine Llc | $900,000 | None Listed On Document | |
| Rl2 Development Llc | $190,000 | None Available | |
| 28 East Vine Street Lp | $365,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | F28 Vine Llc | $46,400 | |
| Open | F28 Vine Llc | $673,600 | |
| Previous Owner | Rl2 Development Llc | $200,000 | |
| Previous Owner | 28 East Vine Street Lp | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/23/2022 11/23/22 | Sold | $900,000 | -18.2% | $192 / Sq Ft |
| 10/11/2022 10/11/22 | Pending | -- | -- | -- |
| 04/27/2022 04/27/22 | For Sale | $1,100,000 | -- | $234 / 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 | $12,492 | $315,700 | $57,700 | $258,000 |
| 2024 | $12,492 | $315,700 | $57,700 | $258,000 |
| 2023 | $12,282 | $315,700 | $57,700 | $258,000 |
| 2022 | $11,771 | $315,700 | $57,700 | $258,000 |
| 2021 | $11,518 | $315,700 | $57,700 | $258,000 |
| 2020 | $11,518 | $315,700 | $57,700 | $258,000 |
| 2019 | $11,346 | $315,700 | $57,700 | $258,000 |
| 2018 | $6,733 | $315,700 | $57,700 | $258,000 |
| 2017 | $7,505 | $163,400 | $34,600 | $128,800 |
| 2016 | $7,437 | $163,400 | $34,600 | $128,800 |
| 2015 | $2,901 | $163,400 | $34,600 | $128,800 |
| 2014 | $6,490 | $163,400 | $34,600 | $128,800 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Hartranft
-
Jim Hogan
J
Seller Co-Listing Agent in 2022
Jim Hogan
Berkshire Hathaway HomeServices Homesale Realty
(717) 940-3737
3 in this area
223 Total Sales
-
Benuel Esh
Buyer's Agent in 2022
Benuel Esh
Astoria Realty Advisors LLC
(717) 553-2500
4 in this area
227 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2017408
APN: 333-34010-0-0000
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