NOT LISTED FOR SALE

2837 Horseshoe Pike Palmyra, PA 17078

Estimated Value: $435,868 - $600,000

-- Bed
4 Baths
5,540 Sq Ft
$93/Sq Ft Est. Value

Last Sold August 21, 2014

Last sale price $213,650 $39 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $3,338/month

25 Days on Market

Highlights

  • No HOA
  • Detached Garage
  • Baseboard Heating
  • Palmyra Area Senior High School Rated 9+
  • Porch

About This Home

As of August 2014

Fully rented brick 4-unit with off street parking. 4 detached garage bays could bring additional rent. Great investment opportunity. Large paved parking lot in rear. Tenants pay all utilities. Property does require flood insurance (amount included above). Good rental history!

Last Agent to Sell the Property

Joy Daniels

Joy Daniels Real Estate Group, Ltd License #RM421836 Listed on: 04/24/2014

Joy Daniels Real Estate Group, Ltd

Last Buyer's Agent

Jon Judson

ADP Realty & Property Management LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,417

Year Built

  • Built in 1900

Lot Details

  • 0.61

Home Design

  • 5,540 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof

Parking

  • Detached Garage
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • 100 Amp Service
  • Cable TV Available

Additional Features

  • Porch
  • 0.61 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, heat, hot water, sewer, trash removal, water
  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 3122938373461640000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Electric Expense $192
  • Insurance Expense $3,366
  • Net Operating Income $27,059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,417

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Fully rented brick 4-unit with off street parking. 4 detached garage bays could bring additional rent. Great investment opportunity. Large paved parking lot in rear. Tenants pay all utilities. Property does require flood insurance (amount included above). Good rental history!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Total Sq Ft: 5540
  • Living Area Sq Ft: 5540
  • Price Per Sq Ft: 40.61
  • Above Grade Finished Sq Ft: 5540
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2837-2843

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 192.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Electric
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: PALMYRA AREA
  • School District Key: 300200397383

Lot Info

  • Lot Size Acres: 0.61
  • Outdoor Living Structures: Porch(es)
  • Zoning Description: Apartment

Rental Info

  • Owner Pays: Insurance, Taxes - Real Estate
  • Tenant Pays: Electricity, Heat, Hot Water, Sewer, Trash Removal, Water
  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: Yes
  • Gross Income: 33300.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Assessor Parcel Number: 10351648
  • Tax Annual Amount: 4417.00
  • Assessor Parcel Number: 3122938373461640000
  • Tax Year: 2013
  • Close Date: 08/21/2014

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jul 28, 2014
Sold by
Creznic & Seavers Properties Llc
Bought by
Haas Timothy A
Seller's Agent
Joy Daniels
Joy Daniels Real Estate Group, Ltd
Buyer's Agent
Jon Judson
ADP Realty & Property Management LLC
List Price
$225,000
Sold Price
$213,650
Premium/Discount to List
-$11,350
-5.04%
Current Estimated Value
$517,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,284
Avg. Annual Appreciation
8.34%
Original Mortgage
$209,780
Outstanding Balance
$162,129
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$355,805
Source: Public Records

Range of Values:

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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
Haas Timothy A $213,650 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haas Timothy A $56,026
Open Haas Timothy A $209,780
Previous Owner Creznic & Seavers Properties Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $213,650 -5.0% $39 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $225,000 -- $41 / 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 $6,457 $267,700 $46,000 $221,700
2024 $5,975 $267,700 $46,000 $221,700
2023 $5,975 $267,700 $46,000 $221,700
2022 $5,819 $267,700 $46,000 $221,700
2021 $5,491 $267,700 $46,000 $221,700
2020 $5,415 $267,700 $46,000 $221,700
2019 $5,249 $267,700 $46,000 $221,700
2018 $5,199 $267,700 $46,000 $221,700
2017 $1,373 $267,700 $46,000 $221,700
2016 $4,857 $267,700 $46,000 $221,700
2015 -- $267,700 $46,000 $221,700
2014 -- $267,700 $46,000 $221,700
Source: Public Records

Agents Affiliated with this Home

  • Joy Daniels

    Seller's Agent in 2014

    Joy Daniels

    Joy Daniels Real Estate Group, Ltd

    (717) 695-3177

    6 in this area

    1,347 Total Sales

    Joy Daniels
    Section Image
  • Jon Judson

    Buyer's Agent in 2014

    Jon Judson

    ADP Realty & Property Management LLC

    (717) 580-4839

    57 Total Sales

    Jon Judson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002740397

Bright MLS

APN: 31-2293837-346164-0000

Pennsylvania Lebanon County Palmyra 17078

2837 Horseshoe Pike, Palmyra, PA

This home is located at 2837 Horseshoe Pike, Palmyra, PA 17078 since 24 April 2014 and is currently estimated at $517,934, approximately $93 per square foot. This property was built in 1900. 2837 Horseshoe Pike is a home located in Lebanon County with nearby schools including Palmyra Area Senior High School and Milton Hershey School.

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