NOT LISTED FOR SALE

Estimated Value: $561,000 - $589,000

-- Bed
4 Baths
3,324 Sq Ft
$174/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $450,000 $135 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,019/month

4 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • 3 Car Detached Garage
  • 4-minute walk to Buchanan Park

About This Home

As of February 2022

Location, Location, Location……This charming West End Lancaster 4 Unit Apartment building w/3 bay detached garage is located within a block of Buchanan Park & Dog Park! From the grand exterior entrance, inviting front porch, several stain glass windows, and beautiful millwork in first floor apartment, this detached apartment building is a must see. Situated on the coveted street of North West End Ave, just steps away from F&M College, North Museum, Winter Visual Arts Center, and a plethora of shops and restaurants. The entire first floor is a desirable and spacious 2 bedroom apartment featuring a large living room & dining area with beautiful wood floors, kitchen with stainless steel stove & dishwasher, breakfast room just off kitchen, and private deck with direct access to deep backyard. The first floor apartment would be an ideal apartment to live in and rent the other apartments. 2nd Floor consist of a 2 bedroom apartment with good sized living room and Studio Apartment. 3rd Floor features a 1 bedroom apartment. North West End Avenue is a very special street with “open feeling” because of the wide street with tree lined median. Enjoy a walk on sidewalks leading to downtown’s Central Market. Permit Parking is on the block of North West End Avenue property is located on and Non Permit Parking on section Virginia Avenue across from property. The 3 bay garage is very desirable and provides additional rental income. Rents are low with upside potential. Don’t miss out on this rare opportunity to invest in a fantastic multi unit in this location!!

Last Agent to Sell the Property

Timothy Shreiner

Berkshire Hathaway HomeServices Homesale Realty License #RS187003L Listed on: 01/12/2022

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

George Zagas

Berkshire Hathaway HomeServices Homesale Realty License #RS361307

Last Buyer's Agent

Andrea Keiper

Coldwell Banker Realty License #RS316241

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,880

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in very good condition

Parking

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

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • 3,324 Sq Ft Home
  • Transom Windows

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Deck
  • Porch

Utilities

  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for gas, heat, insurance, repairs, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 339-43597-0-0000

Community Details

Overview

  • 4 Units
  • West End Lancaster Subdivision

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $1,457
  • Other Expense $14,705
  • Trash Expense $1,066
  • Operating Expense $17,428
  • Gross Income $41,400
  • Net Operating Income $23,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,880

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: One Set of Washer & Dryer in Basement is tenants
  • Inclusions: One Set of Washer & Dryer
  • New Construction: No
  • Other Expense: 14705.00
  • Expected On Market: 2022-01-12
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Location, Location, Location……This charming West End Lancaster 4 Unit Apartment building w/3 bay detached garage is located within a block of Buchanan Park & Dog Park! From the grand exterior entrance, inviting front porch, several stain glass windows, and beautiful millwork in first floor apartment, this detached apartment building is a must see. Situated on the coveted street of North West End Ave, just steps away from F&M College, North Museum, Winter Visual Arts Center, and a plethora of shops and restaurants. The entire first floor is a desirable and spacious 2 bedroom apartment featuring a large living room & dining area with beautiful wood floors, kitchen with stainless steel stove & dishwasher, breakfast room just off kitchen, and private deck with direct access to deep backyard. The first floor apartment would be an ideal apartment to live in and rent the other apartments. 2nd Floor consist of a 2 bedroom apartment with good sized living room and Studio Apartment. 3rd Floor features a 1 bedroom apartment. North West End Avenue is a very special street with “open feeling” because of the wide street with tree lined median. Enjoy a walk on sidewalks leading to downtown’s Central Market. Permit Parking is on the block of North West End Avenue property is located on and Non Permit Parking on section Virginia Avenue across from property. The 3 bay garage is very desirable and provides additional rental income. Rents are low with upside potential. Don’t miss out on this rare opportunity to invest in a fantastic multi unit in this location!!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Dryer
  • Flooring Type: Carpet, Vinyl, Wood
  • Interior Amenities: Carpet, Wood Floors
  • Window Features: Transom
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished
  • Total Sq Ft: 3324
  • Living Area Sq Ft: 3324
  • Price Per Sq Ft: 139.89
  • Above Grade Finished Sq Ft: 3324
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 335-337

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Wood Siding
  • Exterior Features: Sidewalks
  • Roof: Rubber, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.20
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Very Good
  • Zoning: R2

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Gas, Heat, Insurance, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 41400.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 6008.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 9880.00
  • Assessor Parcel Number: 339-43597-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/11/2022

Multi Family

  • Gross Scheduled Income: 41400.00
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 17428.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 10, 2022
Sold by
Ressler Gerald J and Ressler Alice Mary
Bought by
Fanous Mina
Seller's Agent
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Andrea Keiper
Coldwell Banker Realty
List Price
$465,000
Sold Price
$450,000
Premium/Discount to List
-$15,000
-3.23%
Current Estimated Value
$578,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,415
Avg. Annual Appreciation
7.33%
Original Mortgage
$337,500
Outstanding Balance
$314,027
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$264,388

Purchase Details

Closed on
Jul 28, 2011
Sold by
Briggs Graham R and Briggs Jane C
Bought by
Ressler Gerald J and Ressler Mary Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Fanous Mina $450,000 None Listed On Document
Ressler Gerald J $226,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fanous Mina $337,500
Previous Owner Ressler Gerald J $169,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $450,000 -3.2% $135 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $465,000 -- $140 / 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 $10,486 $265,000 $56,900 $208,100
2024 $10,486 $265,000 $56,900 $208,100
2023 $10,310 $265,000 $56,900 $208,100
2022 $9,880 $265,000 $56,900 $208,100
2021 $9,668 $265,000 $56,900 $208,100
2020 $9,668 $265,000 $56,900 $208,100
2019 $9,524 $265,000 $56,900 $208,100
2018 $5,652 $265,000 $56,900 $208,100
2017 $7,639 $166,300 $32,700 $133,600
2016 $7,569 $166,300 $32,700 $133,600
2015 $2,953 $166,300 $32,700 $133,600
2014 $6,605 $166,300 $32,700 $133,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2010298

Bright MLS

APN: 339-43597-0-0000