NOT LISTED FOR SALE

322 W James St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $517,000 - $555,000

-- Bed
3 Baths
2,642 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $213,776 $81 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $3,608/month

8 Days on Market

Highlights

  • No HOA
  • Radiant Heating System
  • 4-minute walk to Northwest Corridor Park
  • Parking Storage or Cabinetry

About This Home

As of December 2016

Fantastic opportunity to invest in a fully leased 3-unit in the desirable North West side of Lancaster City. Each unit is spacious, and light-filled with lots of old world charm. Featuring separated heat and electric for each tenant, a tidy back yard and a detached garage. Ideal location just a short distance from Central Market, restaurants, shops, and all of the best of Lancaster City.

Last Agent to Sell the Property

Michael Stoltzfus

Coldwell Banker Realty Listed on: 09/27/2016

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Radiant Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3399117200000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $720
  • Insurance Expense $1,404
  • Manager Expense $2,184
  • Trash Expense $617
  • Operating Expense $5,775
  • Net Operating Income $16,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1900
  • Remarks Public: Fantastic opportunity to invest in a fully leased 3-unit in the desirable North West side of Lancaster City. Each unit is spacious, and light-filled with lots of old world charm. Featuring separated heat and electric for each tenant, a tidy back yard and a detached garage. Ideal location just a short distance from Central Market, restaurants, shops, and all of the best of Lancaster City.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance, Partial, Unfinished
  • Street Number Modifier: 322

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Rubber
  • 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 Expense: 720.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Type: Electric, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 850.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 2184.00

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Land Use Code: CM-643
  • Lot Size Acres: 0.05
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family,Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4073292
  • School Tax: 3183.75
  • Tax Annual Amount: 5220.24
  • Assessor Parcel Number: 3399117200000
  • County Tax Payment Frequency: Annually
  • Close Date: 12/07/2016

Multi Family

  • Gross Income: 27300.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 5775.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2016
Closed on
Dec 8, 2016
Sold by
Martin Andrew H
Bought by
Villanueva Heras Mara L and Heras Miguel I
Seller's Agent
Michael Stoltzfus
Coldwell Banker Realty
List Price
$220,000
Sold Price
$213,776
Premium/Discount to List
-$6,224
-2.83%
Current Estimated Value
$541,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,232
Avg. Annual Appreciation
8.83%
Original Mortgage
$149,603
Outstanding Balance
$121,826
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$324,250

Purchase Details

Closed on
Mar 20, 2009
Sold by
Pierre Avon and Fisber Henry W
Bought by
Martin Andrew H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,520
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2006
Sold by
Harrison Robyn and Estate Of Tyler Fry
Bought by
Pierre Avon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.48%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 18, 2001
Sold by
Waltman Ronald K and Waltman Judith W
Bought by
Fry Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,239
Interest Rate
7.09%
Mortgage Type
FHA
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
Villanueva Heras Mara L $213,776 None Available
Villanueva Heras Mara L $213,776 None Available
Martin Andrew H $151,900 None Available
Martin Andrew H $151,900 None Available
Pierre Avon $155,000 None Available
Pierre Avon $155,000 None Available
Fry Tyler $97,000 --
Fry Tyler $97,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villanueva Heras Mara L $149,603
Previous Owner Martin Andrew H $141,520
Previous Owner Pierre Avon $139,500
Previous Owner Fry Tyler $96,239
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2016 12/07/16 Sold $213,776 -2.8% $81 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $220,000 -- $83 / 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 $7,750 $193,800 $33,200 $160,600
2024 $7,669 $193,800 $33,200 $160,600
2023 $7,540 $193,800 $33,200 $160,600
2022 $7,226 $193,800 $33,200 $160,600
2021 $7,071 $193,800 $33,200 $160,600
2020 $7,071 $193,800 $33,200 $160,600
2019 $6,965 $193,800 $33,200 $160,600
2018 $4,133 $193,800 $33,200 $160,600
2017 $5,268 $114,700 $18,600 $96,100
2016 $5,220 $114,700 $18,600 $96,100
2015 $2,036 $114,700 $18,600 $96,100
2014 $4,556 $114,700 $18,600 $96,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Stoltzfus

    Seller's Agent in 2016

    Michael Stoltzfus

    Coldwell Banker Realty

    (717) 380-3367

    2 in this area

    113 Total Sales

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Map

Source: Bright MLS

MLS Number: 1002739479

Bright MLS

APN: 339-91172-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

322 W James St, Lancaster, PA

This home is located at 322 W James St, Lancaster, PA 17603 since 27 September 2016 and is currently estimated at $541,008, approximately $204 per square foot. This property was built in 1900. 322 W James St is a home located in Lancaster County with nearby schools including Thomas Wharton Elementary School, Reynolds Middle School, and McCaskey High School.

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