NOT LISTED FOR SALE

328 S Prince St Lancaster, PA 17603

Southside Lancaster Neighborhood

Estimated Value: $233,000 - $319,000

Studio
3 Baths
2,268 Sq Ft
$113/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2019

Last sale price $174,000 $77 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,613 / mo

10 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Brick Front
  • No HOA
  • Porch
  • 3-minute walk to Culliton Park

About This Home

As of December 2019

Take a look at this investment opportunity - see the Investment Economic Analysis in documents. A sound 3-unit, detached brick home with a rubber/architectural shingle roof in excellent condition. 2 units occupied, 3rd unit soon-to-be refreshed and rented. Tenants pay most utilities. 9% Cap Rate.

Last Agent to Sell the Property

Ron Mummau

(717) 786-1300 cdavis@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #5014222 Listed on: 10/07/2019

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Ron Mummau

(717) 786-1300 cdavis@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #5014222 Listed on: 10/07/2019

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,554

Year Built

  • Built in 1860

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Shingle Roof
  • Rubber Roof
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • Replacement Windows
  • Partial Basement
  • Gas Oven or Range

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 334-58264-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,554

Year Built

Built in 1860

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Gas range in each unit
  • New Construction: No
  • Year Built: 1860
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas
  • Window Features: Replacement
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 3178
  • Living Area Sq Ft: 2268
  • Price Per Sq Ft: 79.32
  • Above Grade Finished Sq Ft: 2268
  • Below Grade Sq Ft: 910
  • Total Below Grade Sq Ft: 910
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Brick Front, Vinyl Siding
  • Roof: Rubber, Shingle
  • 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: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Water
  • Vacation Rental: No

Tax Info

  • School Tax: 1531.00
  • Tax Annual Amount: 2554.00
  • Assessor Parcel Number: 334-58264-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Dec 18, 2019
Sold by
Stonehedge Holdings Llc
Bought by
Rental Properties R Us Llc
Seller's Agent
Ron Mummau
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Ron Mummau
Berkshire Hathaway HomeServices Homesale Realty
List Price
$179,900
Sold Price
$174,000
Premium/Discount to List
-$5,900
-3.28%
Current Estimated Value
$256,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,628
Avg. Annual Appreciation
6.38%
Original Mortgage
$139,200
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 21, 2019
Sold by
Malankar Vilas and Malankar Kamini
Bought by
Stonehedge Holdngs Llc and Federal Land Trust Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 1997
Bought by
Malankar Vilas
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
Rental Properties R Us Llc $174,000 None Available
Stonehedge Holdngs Llc $128,000 Abstract Assc Of Lancaster I
Malankar Vilas $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rental Properties R Us Llc $139,200
Previous Owner Stonehedge Holdngs Llc $102,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2019 12/18/19 Sold $174,000 -3.3% $77 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $179,900 -- $79 / Sq Ft
Source: Bright MLS

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 $2,770 $70,000 $7,800 $62,200
2024 $2,770 $70,000 $7,800 $62,200
2023 $2,723 $70,000 $7,800 $62,200
2022 $2,610 $70,000 $7,800 $62,200
2021 $2,554 $70,000 $7,800 $62,200
2020 $2,554 $70,000 $7,800 $62,200
Source: Public Records

Agents Affiliated with this Home

  • Ron Mummau

    Seller's Agent in 2019

    Ron Mummau

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 413-7555

    4 in this area

    97 Total Sales

    Ron Mummau
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Map

Source: Bright MLS

MLS Number: PALA141392

Bright MLS

APN: 334-58264-0-0000

Pennsylvania Lancaster County Lancaster 17603 Southside Lancaster

328 S Prince St, Lancaster, PA

Not Listed for Sale

MultiFamily

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