NOT LISTED FOR SALE

322 W King St Lancaster, PA 17603

Cabbage Hill Neighborhood

Estimated Value: $267,000 - $354,000

-- Bed
2 Baths
2,441 Sq Ft
$123/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $179,900 $74 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,884/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • 5-minute walk to Steinman Park
  • No HOA

About This Home

As of July 2018

LARGE TWO UNIT HOME IN DOWNTOWN LANCASTER - JUST A SHORT WALK TO ALL THE HAPPENINGS (RESTAURANTS, MARKET, THEATRE, FIRST FRIDAYS, ART STUDIOS, ETC) RECENTLY RENOVATED IN 2016 WITH NEW: KITCHEN, BATHROOM, ELECTRIC, PLUMBING, WINDOWS, ROOF, GUTTERS & DOWNSPOUTS, & APPLIANCES. EXTRA LARGE UNIT HAS 5 BEDROOMS, LARGE KITCHEN, LIVING ROOM, DINING ROOM, LAUNDRY, 3 FULL BATHROOMS, AND SPACIOUS SECOND FLOOR DECK. ONE BEDROOM UNIT HAS LIVING ROOM, KITCHEN, LARGE BEDROOM, FULL BATHROOM & LAUNDRY. OWN AN INVESTMENT PROPERTY WITH GOOD INCOME OR LIVE IN LARGER UNIT & RENT OUT OTHER UNIT - HAVE A LARGE DOWNTOWN HOME FOR A SMALL MONTHLY PAYMENT!

Last Agent to Sell the Property

Joseph Bury

jbury@remax.net RE/MAX Evolved License #RS143981 Listed on: 05/17/2018

RE/MAX Evolved

Last Buyer's Agent

Christopher Fulvio

(717) 475-6875 chrisfulviorealtor@gmail.com Magnolia Lane Properties License #RS329984

Magnolia Lane Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,211

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Stone Siding

Interior Spaces

  • Partial Basement

Parking

  • On-Street Parking
  • Rented or Permit Required

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 338-28677-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Gross Income $24,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,211

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Appliances Included
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Basement Type: Partial
  • Total Sq Ft: 3531
  • Living Area Sq Ft: 2441
  • Price Per Sq Ft: 73.70
  • Above Grade Finished Sq Ft: 2441
  • Below Grade Sq Ft: 1090
  • Total Below Grade Sq Ft: 1090
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: 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: 79400.00
  • Land Assessed Value: 12500.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: 338

Rental Info

  • Total Actual Rent: 24300.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4067702
  • School Tax: 1960.00
  • Tax Annual Amount: 3211.00
  • Assessor Parcel Number: 338-28677-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Gross Income: 24300.00
  • Gross Scheduled Income: 24300.00
  • Income Includes: Apartment Rentals
  • 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
May 17, 2018
Closed on
Jul 10, 2018
Sold by
Pelton Edward N and Mcglamery Nancy
Bought by
Rutt Craig
Seller's Agent
Joseph Bury
RE/MAX Evolved
Buyer's Agent
Christopher Fulvio
Magnolia Lane Properties
List Price
$179,900
Sold Price
$179,900
Current Estimated Value
$300,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,641
Avg. Annual Appreciation
7.18%
Original Mortgage
$176,641
Outstanding Balance
$153,086
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$147,455
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rutt Craig $179,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rutt Craig $176,641
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2018 07/16/18 Sold $179,900 0.0% $74 / Sq Ft
05/26/2018 05/26/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $179,900 -- $74 / 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 $3,636 $91,900 $12,500 $79,400
2024 $3,636 $91,900 $12,500 $79,400
2023 $3,575 $91,900 $12,500 $79,400
2022 $3,426 $91,900 $12,500 $79,400
2021 $3,353 $91,900 $12,500 $79,400
2020 $3,353 $91,900 $12,500 $79,400
2019 $3,303 $91,900 $12,500 $79,400
2018 $1,960 $91,900 $12,500 $79,400
2017 $3,041 $66,200 $19,700 $46,500
2016 $3,013 $66,200 $19,700 $46,500
2015 $1,175 $66,200 $19,700 $46,500
2014 $2,629 $66,200 $19,700 $46,500
Source: Public Records

Agents Affiliated with this Home

  • Joseph Bury

    Seller's Agent in 2018

    Joseph Bury

    RE/MAX

    35 Total Sales

    Joseph Bury
    Section Image
  • Christopher Fulvio

    Buyer's Agent in 2018

    Christopher Fulvio

    Magnolia Lane Properties

    (717) 475-6875

    3 in this area

    23 Total Sales

    Christopher Fulvio
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001485502

Bright MLS

APN: 338-28677-0-0000

Pennsylvania Lancaster County Lancaster 17603 Cabbage Hill

322 W King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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