NOT LISTED FOR SALE

33 E Cherry St Palmyra, PA 17078

Estimated Value: $279,000 - $325,000

-- Bed
1 Bath
2,800 Sq Ft
$107/Sq Ft Est. Value

Last Sold September 24, 2020

Last sale price $180,000 $64 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,040/month

74 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating System
  • Palmyra Area Senior High School Rated 9+
  • 2 Car Detached Garage
  • 5-minute walk to Palmyra Parks & Recreation Co.

About This Home

As of September 2020

TWO FOR THE PRICE OF ONE. Duplex property with detached garage, ideal way to start building your investment portfolio or live in one and rent the other. Two large three bedroom rentals with updated, high efficiency gas heating systems. 33 E. is very original with natural woodwork throughtout, including pocket doors. Each rental includes a one car garage, basement and attic storage and convenient location. Basement has very high ceilings, possible to be finished if desired.

Last Agent to Sell the Property

John Tice

(717) 269-5810 JohnTice@howardhanna.com Howard Hanna Company-Hershey Listed on: 06/05/2020

Howard Hanna Company-Hershey

Last Buyer's Agent

Phil Lehman

(717) 554-9858 plehman2424@yahoo.com John H. Walak Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • 2,800 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Composition Roof

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Dirt Floor

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, real estate taxes, repairs
  • Assessor Parcel Number 16-2290791-356866-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,591
  • Maintenance Expense $756
  • Trash Expense $1,224
  • Operating Expense $10,859
  • Gross Income $25,200
  • Net Operating Income $13,081

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1916
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Dirt Floor, Outside Entrance
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 77.86
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 226900.00
  • Land Assessed Value: 30900.00
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Property Condition: Good
  • Zoning: RESID

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Sewer, Trash Collection, Taxes - Real Estate, Repairs
  • Rent Control: No
  • Total Actual Rent: 25200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10319826
  • School Tax: 3960.00
  • Tax Annual Amount: 5698.00
  • Assessor Parcel Number: 16-2290791-356866-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 25200.00
  • Gross Scheduled Income: 25200.00
  • Operating Expense: 10859.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Sep 24, 2020
Sold by
Porche Sarah W and Porche David
Bought by
Mccorkel Kyle and Mccorkel Lisa
Seller's Agent
John Tice
Howard Hanna Company-Hershey
Buyer's Agent
Phil Lehman
John H. Walak Real Estate
List Price
$218,000
Sold Price
$180,000
Premium/Discount to List
-$38,000
-17.43%
Current Estimated Value
$299,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,535
Avg. Annual Appreciation
10.29%
Original Mortgage
$144,000
Outstanding Balance
$128,080
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$171,455
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
Mccorkel Kyle $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccorkel Kyle $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2020 09/24/20 Sold $180,000 -17.4% $64 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $218,000 -- $78 / 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 $5,572 $195,000 $30,900 $164,100
2024 $4,923 $195,000 $30,900 $164,100
2023 $4,923 $195,000 $30,900 $164,100
2022 $4,696 $195,000 $30,900 $164,100
2021 $4,365 $195,000 $30,900 $164,100
2020 $5,698 $257,800 $30,900 $226,900
2019 $5,576 $257,800 $30,900 $226,900
2018 $5,399 $257,800 $30,900 $226,900
2017 $1,599 $257,800 $30,900 $226,900
2016 $5,069 $257,800 $30,900 $226,900
2015 -- $257,800 $30,900 $226,900
2014 -- $257,800 $30,900 $226,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN114008

Bright MLS

APN: 16-2290791-356866-0000