NOT LISTED FOR SALE

347 W King St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $431,000 - $497,136

-- Bed
5 Baths
2,796 Sq Ft
$164/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $229,500 $82 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,146/month

24 Days on Market

Highlights

  • 0.09 Acre Lot
  • No HOA
  • Electric Baseboard Heater

About This Home

As of May 2019

Tile floors in kitchen, replacement windows, turn key investment property. Great city location

Last Agent to Sell the Property

Dave Miller

Hometowne Realty Professionals LLC Listed on: 03/26/2019

Last Buyer's Agent

Alan Cherkin

Alan H. Cherkin Real Estate License #RM051905A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 2,796 Sq Ft Home
  • Basement Fills Entire Space Under The House

Location

  • Urban Location

Schools

  • Mccaskey Campus High School

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • The owner pays for repairs, sewer, water, trash collection, sewer maintenance
  • Assessor Parcel Number 335-03390-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $577
  • Insurance Expense $900
  • Trash Expense $900
  • Operating Expense $600
  • Gross Income $31,140
  • Net Operating Income $21,507

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Tile floors in kitchen, replacement windows, turn key investment property. Great city location
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2796
  • Living Area Sq Ft: 2796
  • Price Per Sq Ft: 83.69
  • Above Grade Finished Sq Ft: 2796
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 347

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Road Surface Type: Black Top
  • 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 Expense: 577.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 150500.00
  • Land Assessed Value: 36500.00
  • Land Use Code: 117
  • Lot Size Acres: 0.09
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL / MULTI-FAMIL

Rental Info

  • Existing Lease Type: Long Term, Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Repairs, Sewer, Water, Trash Collection, Sewer Maintenance
  • Rent Control: No
  • Tenant Pays: Heat, Hot Water, Electricity
  • Total Actual Rent: 31140.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4058555
  • School Tax: 4090.00
  • Tax Annual Amount: 6823.00
  • Assessor Parcel Number: 335-03390-0-0000
  • Tax Total Finished Sq Ft: 2796
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 05/22/2019

Multi Family

  • Gross Income: 31140.00
  • Gross Scheduled Income: 31140.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 600.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • 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
Mar 26, 2019
Closed on
May 31, 2019
Sold by
Slf Properties Llc
Bought by
Patounas John M and Dang Trang T
Seller's Agent
Dave Miller
Hometowne Realty Professionals LLC
Buyer's Agent
Alan Cherkin
Alan H. Cherkin Real Estate
List Price
$245,000
Sold Price
$229,500
Premium/Discount to List
-$15,500
-6.33%
Current Estimated Value
$457,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,034
Avg. Annual Appreciation
10.72%
Original Mortgage
$225,342
Outstanding Balance
$200,947
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$233,318

Purchase Details

Closed on
Dec 3, 2010
Sold by
Realstreet Llc
Bought by
Slf Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,425
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 23, 2008
Sold by
Deutsche Bank Trust Company Americas
Bought by
Realstreet Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.08%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 30, 2008
Sold by
Stoltzfus Japheth D
Bought by
Deutsche Bank Trust Co Americas

Purchase Details

Closed on
Dec 5, 2005
Sold by
Papadimitriou Tony J
Bought by
Stoltzfus Japheth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2000
Sold by
Equity One Inc
Bought by
Papadimitriou Tony J

Purchase Details

Closed on
Sep 2, 1999
Sold by
Carroll John T and Krasny Marvin
Bought by
Equity One Inc
Source: Public Records

Range of Values:

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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
Patounas John M $229,500 None Available
Slf Properties Llc $167,900 None Available
Deutsche Bank Trust Co Americas $4,384 None Available
Stoltzfus Japheth D $130,000 Lawyers Title
Papadimitriou Tony J $37,000 --
Equity One Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patounas John M $225,342
Previous Owner Slf Properties Llc $127,425
Previous Owner Realstreet Llc $124,000
Previous Owner Stoltzfus Japheth D $117,000
Previous Owner Stoltzfus Japheth D $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2019 05/22/19 Sold $229,500 -1.9% $82 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/14/2019 04/14/19 Price Changed $234,000 -4.5% $84 / Sq Ft
03/26/2019 03/26/19 For Sale $245,000 -- $88 / 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
2024 $7,835 $198,000 $36,500 $161,500
2023 $7,275 $187,000 $36,500 $150,500
2022 $6,972 $187,000 $36,500 $150,500
2021 $6,823 $187,000 $36,500 $150,500
2020 $6,823 $187,000 $36,500 $150,500
2019 $6,720 $187,000 $36,500 $150,500
2018 $3,988 $187,000 $36,500 $150,500
2017 $4,956 $107,900 $22,800 $85,100
2016 $4,911 $107,900 $22,800 $85,100
2015 $1,916 $107,900 $22,800 $85,100
2014 $4,286 $107,900 $22,800 $85,100
Source: Public Records

Agents Affiliated with this Home

  • Dave Miller

    Seller's Agent in 2019

    Dave Miller

    Hometowne Realty Professionals LLC

    (717) 951-0201

    2 Total Sales

    Dave Miller
    Section Image

  • A

    Buyer's Agent in 2019

    Alan Cherkin

    Alan H. Cherkin Real Estate

    (717) 615-8392

    1 in this area

    39 Total Sales

    Alan Cherkin
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA124746

Bright MLS

APN: 335-03390-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

347 W King St, Lancaster, PA

This home is located at 347 W King St, Lancaster, PA 17603 since 26 March 2019 and is currently estimated at $457,534, approximately $163 per square foot. This property was built in 1900. 347 W King St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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