NOT LISTED FOR SALE

314 W King St Lancaster, PA 17603

Cabbage Hill Neighborhood

Estimated Value: $243,000 - $276,000

-- Bed
3 Baths
2,160 Sq Ft
$121/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $177,000 $82 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,653/month

10 Days on Market

Highlights

  • No HOA
  • Hot Water Baseboard Heater
  • 4-minute walk to Steinman Park
  • Carpet

About This Home

As of August 2021

Cash flowing 2 unit, fully rented. Unit 1 is 1 bedroom rented at $595/month and Unit 2 is 3 bedroom rented at $975/month. Hot water and electric paid by landlord. 2nd floor apartment heat is gas and 1st floor heat is electric.

Last Agent to Sell the Property

Curvin Horning

(717) 606-2226 curvin@curvinhorning.com Kingsway Realty - Ephrata Listed on: 07/20/2021

Last Buyer's Agent

Mike Julian

(717) 449-0522 ExtraMileRealtor@gmail.com Realty ONE Group Unlimited License #RM425193

Realty ONE Group Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,210

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 2,160 Sq Ft Home
  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete

Flooring

  • Carpet
  • Vinyl

Utilities

  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, insurance, personal property taxes, real estate taxes, trash collection, water
  • Assessor Parcel Number 338-38262-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,014
  • Other Expense $1,588
  • Trash Expense $470
  • Operating Expense $3,072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,210

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1587.83
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 2160
  • Living Area Sq Ft: 2160
  • Price Per Sq Ft: 87.96
  • Above Grade Finished Sq Ft: 2160
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 73600.00
  • Land Assessed Value: 12500.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Zoning: RES/MULTI FAMILY

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Sewer, Insurance, Taxes - Personal Property, Taxes - Real Estate, Trash Collection, Water
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4068202
  • School Tax: 1952.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3210.00
  • Assessor Parcel Number: 338-38262-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 18840.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 3072.23
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Aug 19, 2021
Sold by
Fisher Marvin B
Bought by
Narrow Path Life Llc
Seller's Agent
Curvin Horning
Kingsway Realty - Ephrata
Buyer's Agent
Mike Julian
Realty ONE Group Unlimited
List Price
$190,000
Sold Price
$177,000
Premium/Discount to List
-$13,000
-6.84%
Current Estimated Value
$260,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,306
Avg. Annual Appreciation
9.38%
Original Mortgage
$141,600
Outstanding Balance
$128,758
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$131,548

Purchase Details

Closed on
May 28, 2010
Sold by
Blue Hen Properties Llc
Bought by
Fisher Marvin B

Purchase Details

Closed on
May 31, 2002
Sold by
Bottom Line Contracting
Bought by
Deshaw Patrick E and Deshaw Trevor W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Narrow Path Life Llc $177,000 One Abstract Llc
Fisher Marvin B $97,000 None Available
Deshaw Patrick E $155,170 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Narrow Path Life Llc $141,600
Closed Deshaw Patrick E $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $177,000 -6.8% $82 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $190,000 -- $88 / 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 $3,407 $86,100 $12,500 $73,600
2024 $3,407 $86,100 $12,500 $73,600
2023 $3,350 $86,100 $12,500 $73,600
2022 $3,210 $86,100 $12,500 $73,600
2021 $3,141 $86,100 $12,500 $73,600
2020 $3,141 $86,100 $12,500 $73,600
2019 $3,094 $86,100 $12,500 $73,600
2018 $1,836 $86,100 $12,500 $73,600
2017 $3,831 $83,400 $18,300 $65,100
2016 $3,796 $83,400 $18,300 $65,100
2015 $1,481 $83,400 $18,300 $65,100
2014 $3,313 $83,400 $18,300 $65,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Curvin Horning

    Kingsway Realty - Ephrata

    (717) 606-2226

    3 in this area

    350 Total Sales

    Curvin Horning
    Section Image
  • Mike Julian

    Buyer's Agent in 2021

    Mike Julian

    Realty ONE Group Unlimited

    (717) 449-0522

    2 in this area

    144 Total Sales

    Mike Julian
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA2002246

Bright MLS

APN: 338-38262-0-0000

Pennsylvania Lancaster County Lancaster 17603 Cabbage Hill

314 W King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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