NOT LISTED FOR SALE

348 S Queen St Lancaster, PA 17603

Southside Lancaster Neighborhood

Estimated Value: $198,000 - $262,667

-- Bed
2 Baths
2,080 Sq Ft
$113/Sq Ft Est. Value

Last Sold March 18, 2016

Last sale price $85,000 $41 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $1,483/month

Highlights

  • No HOA
  • Forced Air Heating System
  • 5-minute walk to Culliton Park

About This Home

As of March 2016

Nice 2-unit in Lancaster City. Completely rented. Some recent updates.

Last Agent to Sell the Property

Ron Shepherd

Iron Valley Real Estate of Lancaster Listed on: 11/30/2015

Last Buyer's Agent

Christine Nolt

Kingsway Realty - Lancaster License #RS332150

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 111x12x16x3x95x15

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Aluminum Siding
  • Stucco

Schools

  • Mccaskey Campus High School

Utilities

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

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3341505700000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lancaster Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $700
  • Maintenance Expense $190
  • Trash Expense $485
  • Operating Expense $2,347
  • Net Operating Income $11,023

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement
  • Year Built: 1880
  • Remarks Public: Nice 2-unit in Lancaster City. Completely rented. Some recent updates.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Street Number Modifier: 348

Exterior Features

  • Construction Materials: Aluminum Siding, Brick, Stucco
  • Construction Completed: No
  • Roof: Unknown
  • 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: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 972.00
  • 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
  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 111x12x16x3x95x15
  • Property Attached Yn: Yes
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4057746
  • School Tax: 1349.75
  • Tax Annual Amount: 2230.39
  • Assessor Parcel Number: 3341505700000
  • County Tax Payment Frequency: Annually
  • Close Date: 03/18/2016

Multi Family

  • Gross Income: 15600.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 2347.00
  • 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 30, 2015
Closed on
Mar 17, 2016
Sold by
Landis Gregg
Bought by
Locust Investments Llc
Seller's Agent
Ron Shepherd
Iron Valley Real Estate of Lancaster
Buyer's Agent
Christine Nolt
Kingsway Realty - Lancaster
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Current Estimated Value
$235,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,417
Avg. Annual Appreciation
11.20%
Original Mortgage
$85,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 28, 2014
Closed on
Feb 28, 2014
Sold by
Leonard R James and Leonard Diane L
Bought by
Landis Gregg
Seller's Agent
Ron Shepherd
Iron Valley Real Estate of Lancaster
Buyer's Agent
Ron Shepherd
Iron Valley Real Estate of Lancaster
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%
Original Mortgage
$60,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2005
Sold by
Eberly Darrell L and Eberly Twila J
Bought by
Leonard R James and Leonard Diane L

Purchase Details

Closed on
Feb 21, 2003
Sold by
Peters Nelson G and Peters Sherri L
Bought by
Eberly Darrell L and Eberly Twila J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,400
Interest Rate
5.91%
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
Locust Investments Llc $85,000 Attorney
Landis Gregg $80,000 None Available
Leonard R James $54,000 --
Eberly Darrell L $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locust Investments Llc $475,000
Closed Locust Investments Llc $85,000
Previous Owner Landis Gregg $60,000
Previous Owner Eberly Darrell L $36,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2016 03/18/16 Sold $85,000 -5.5% $41 / Sq Ft
02/27/2016 02/27/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $89,900 +12.4% $43 / Sq Ft
02/28/2014 02/28/14 Sold $80,000 0.0% $38 / Sq Ft
02/28/2014 02/28/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $80,000 -- $38 / 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 $2,742 $69,300 $7,800 $61,500
2024 $2,742 $69,300 $7,800 $61,500
2023 $2,696 $69,300 $7,800 $61,500
2022 $2,584 $69,300 $7,800 $61,500
2021 $2,528 $69,300 $7,800 $61,500
2020 $2,528 $69,300 $7,800 $61,500
2019 $2,491 $69,300 $7,800 $61,500
2018 $1,478 $69,300 $7,800 $61,500
2017 $2,278 $49,600 $6,800 $42,800
2016 $2,257 $49,600 $6,800 $42,800
2015 $881 $49,600 $6,800 $42,800
2014 $1,970 $49,600 $6,800 $42,800
Source: Public Records

Agents Affiliated with this Home

  • Ron Shepherd

    Seller's Agent in 2016

    Ron Shepherd

    Iron Valley Real Estate of Lancaster

    (717) 587-7390

    1 in this area

    26 Total Sales

    Ron Shepherd
    Section Image
  • Christine Nolt

    Buyer's Agent in 2016

    Christine Nolt

    Kingsway Realty - Lancaster

    (717) 517-0407

    378 Total Sales

    Christine Nolt
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002737311

Bright MLS

APN: 334-15057-0-0000

Pennsylvania Lancaster County Lancaster 17602 Southside Lancaster

348 S Queen St, Lancaster, PA

This home is located at 348 S Queen St, Lancaster, PA 17603 since 30 November 2015 and is currently estimated at $235,417, approximately $113 per square foot. This property was built in 1880. 348 S Queen St is a home located in Lancaster County with nearby schools including Carter & MacRae Elementary School, Reynolds Middle School, and McCaskey High School.

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