NOT LISTED FOR SALE

29 W Locust St Mechanicsburg, PA 17055

Estimated Value: $190,000 - $258,000

-- Bed
2 Baths
2,088 Sq Ft
$109/Sq Ft Est. Value

Last Sold November 11, 2014

Last sale price $95,000 $45 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,479/month

Highlights

  • No HOA
  • Mechanicsburg Area Senior High School Rated A-
  • Heating Available

About This Home

As of November 2014

2 Unit and Detached garage. 1st floor is vacant with 2 BR 1 BA. 2nd flr is rented for $695/month with 1 BR, 1 BA. Garage is rented for $200/month. Tenant pays electric and gas.

Last Agent to Sell the Property

Tim Costello

(717) 579-9799 teamcostello@hotmail.com RE/MAX 1st Advantage License #RM426073 Listed on: 08/25/2014

RE/MAX 1st Advantage

Last Buyer's Agent

Tim Costello

(717) 579-9799 teamcostello@hotmail.com RE/MAX 1st Advantage License #RM426073 Listed on: 08/25/2014

RE/MAX 1st Advantage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • 2,088 Sq Ft Home
  • Metal Roof
  • Vinyl Siding

Schools

  • Mechanicsburg Middle School
  • Mechanicsburg Area High School

Utilities

  • Heating Available
  • 100 Amp Service

Additional Features

  • Gas Oven or Range
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, management, real estate taxes
  • Assessor Parcel Number 1620565068

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Manager Expense $1,000
  • Trash Expense $600
  • Net Operating Income $6,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: 2 Unit and Detached garage. 1st floor is vacant with 2 BR 1 BA. 2nd flr is rented for $695/month with 1 BR, 1 BA. Garage is rented for $200/month. Tenant pays electric and gas.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas
  • Fireplace: No
  • Total Sq Ft: 2088
  • Living Area Sq Ft: 2088
  • Price Per Sq Ft: 50.29
  • Above Grade Finished Sq Ft: 2088
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 29

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 1000.00

Schools

  • School District: MECHANICSBURG AREA
  • Middle School: MECHANICSBURG
  • High School: MECHANICSBURG AREA
  • School District Key: 300200396842
  • High School: MECHANICSBURG AREA
  • Middle Or Junior School: MECHANICSBURG

Lot Info

  • Lot Size Acres: 0.11
  • Zoning Description: Residential

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: Insurance, Management, Taxes - Real Estate
  • Tenant Pays: Electricity, Gas
  • Vacation Rental: No

Multi Family

  • Gross Income: 10740.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2383.00
  • Assessor Parcel Number: 1620565068
  • Tax Year: 2014
  • Close Date: 11/11/2014

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2014
Closed on
Nov 7, 2014
Sold by
Integrity Bank
Bought by
Powers Michael
Seller's Agent
Tim Costello
RE/MAX 1st Advantage
Buyer's Agent
Tim Costello
RE/MAX 1st Advantage
List Price
$105,000
Sold Price
$95,000
Premium/Discount to List
-$10,000
-9.52%
Current Estimated Value
$228,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,517
Avg. Annual Appreciation
7.19%
Original Mortgage
$71,250
Outstanding Balance
$55,694
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$146,430

Purchase Details

Closed on
Jul 8, 2014
Sold by
Jumper Jason J
Bought by
Integrity Bank

Purchase Details

Closed on
Oct 27, 2003
Sold by
Siler Marie
Bought by
Gardiner James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
6.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Powers Michael $95,000 --
Integrity Bank -- --
Gardiner James $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers Michael $71,250
Previous Owner Gardiner James $87,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2014 11/11/14 Sold $95,000 -9.5% $45 / Sq Ft
11/11/2014 11/11/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $105,000 -- $50 / 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 $3,269 $139,000 $27,000 $112,000
2024 $3,158 $139,000 $27,000 $112,000
2023 $2,502 $139,000 $27,000 $112,000
2022 $2,934 $139,000 $27,000 $112,000
2021 $2,828 $139,000 $27,000 $112,000
2020 $2,769 $139,000 $27,000 $112,000
2019 $2,719 $139,000 $27,000 $112,000
2018 $2,675 $139,000 $27,000 $112,000
2017 $2,570 $139,000 $27,000 $112,000
2016 -- $139,000 $27,000 $112,000
2015 -- $139,000 $27,000 $112,000
2014 -- $139,000 $27,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002741869

Bright MLS

APN: 16-23-0565-068