NOT LISTED FOR SALE

Estimated Value: $1,053,794

Studio
-- Bath
4,698 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $900,000 $192 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,519/month

167 Days on Market

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 2022

Join 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

Craig Hartranft

(717) 560-9100 chtbuyeragents@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS178558L Listed on: 04/27/2022

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

Benuel Esh

(717) 425-6264 chrisgood14@kw.com Astoria Realty Advisors LLC License #RS329980

Astoria Realty Advisors LLC

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,770

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1895
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Dryer, Oven/Range - Gas, Stainless Steel Appliances, Stove, Washer
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Combination Kitchen/Living, Floor Plan - Open, Upgraded Countertops, Wood Floors
  • Window Features: Replacement, Insulated
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Brick, Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Interior Access, Unfinished
  • Total Sq Ft: 4698
  • Living Area Sq Ft: 4698
  • Price Per Sq Ft: 234.14
  • Above Grade Finished Sq Ft: 4698
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Block
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Roof: Rubber
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Lighted Parking, Paved Parking
  • Total Garage And Parking Spaces: 17
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 17

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Additional Lot(s)
  • Lot Size Acres: 0.22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9583.20
  • Outdoor Living Structures: Patio(s), Balcony
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term, Yearly
  • Owner Pays: Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • School Tax: 7157.00
  • Tax Annual Amount: 11770.00
  • Assessor Parcel Number: 333-34010-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 90720.00
  • Income Includes: Apartment Rentals, Parking, Professional Offices, Shop Rentals
  • Operating Expense: 20814.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

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
$1,053,794

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
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
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

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Map

Source: Bright MLS

MLS Number: PALA2017408

Bright MLS

APN: 333-34010-0-0000