NOT LISTED FOR SALE

326 W King St Lancaster, PA 17603

Cabbage Hill Neighborhood

Estimated Value: $271,000 - $357,000

-- Bed
3 Baths
2,548 Sq Ft
$123/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $130,000 $51 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,972/month

76 Days on Market

About This Home

As of March 2017

Nice 3 Unit in downtown Lancaster. All three units are rented.

Last Agent to Sell the Property

Curtis Hess

(717) 413-8354 curt@kingswayrealty.com Kingsway Realty - Lancaster License #RS136944A Listed on: 11/22/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 21' x 104'

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Schools

  • Mccaskey Campus High School

Utilities

  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3382655500000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Fuel Expense $2,000
  • Insurance Expense $500
  • Maintenance Expense $553
  • Manager Expense $1,671
  • Other Expense $477
  • Trash Expense $630
  • Operating Expense $7,086
  • Net Operating Income $13,268

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 477.00
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Partial, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Fire Escape
  • Roof: Composite, Shingle, 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 Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1255.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 1671.00

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 21' x 104'
  • Property Attached Yn: Yes
  • Zoning: RESD
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4067616
  • School Tax: 2004.06
  • Tax Annual Amount: 3316.28
  • Assessor Parcel Number: 3382655500000
  • County Tax Payment Frequency: Annually

Multi Family

  • Fuel Expense: 2000.00
  • Gross Income: 23640.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 7086.00
  • 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
Nov 22, 2016
Closed on
Mar 17, 2017
Sold by
Stoltzfus Paul B
Bought by
Falcon Property Holdings Llc
Seller's Agent
Curtis Hess
Kingsway Realty - Lancaster
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%
Current Estimated Value
$313,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,035
Avg. Annual Appreciation
10.60%
Original Mortgage
$97,500
Outstanding Balance
$80,897
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$232,138

Purchase Details

Closed on
Mar 1, 2010
Sold by
Rodden Frank
Bought by
Stoltzfus Paul B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 24, 2006
Sold by
Ziegler Michael
Bought by
Rodden Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Palumbo Valentino A and Palumbo Norma L
Bought by
Claar Kenneth D
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
Falcon Property Holdings Llc $130,000 None Available
Stoltzfus Paul B $132,300 None Available
Rodden Frank $111,000 None Available
Claar Kenneth D $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcon Property Holdings Llc $97,500
Previous Owner Stoltzfus Paul B $110,000
Previous Owner Rodden Frank $99,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2017 03/17/17 Sold $130,000 -13.3% $51 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
11/22/2016 11/22/16 For Sale $149,900 -- $59 / 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 $3,894 $98,400 $14,300 $84,100
2024 $3,894 $98,400 $14,300 $84,100
2023 $3,828 $98,400 $14,300 $84,100
2022 $3,669 $98,400 $14,300 $84,100
2021 $3,590 $98,400 $14,300 $84,100
2020 $3,590 $98,400 $14,300 $84,100
2019 $3,536 $98,400 $14,300 $84,100
2018 $2,099 $98,400 $14,300 $84,100
2016 $3,286 $72,200 $18,600 $53,600
2015 $1,282 $72,200 $18,600 $53,600
2014 $2,868 $72,200 $18,600 $53,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Curtis Hess

    Kingsway Realty - Lancaster

    (717) 413-8354

    1 in this area

    36 Total Sales

    Curtis Hess
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Map

Source: Bright MLS

MLS Number: 1002740043

Bright MLS

APN: 338-26555-0-0000

Pennsylvania Lancaster County Lancaster 17603 Cabbage Hill

326 W King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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