NOT LISTED FOR SALE

35 Lake St Ephrata, PA 17522

Estimated Value: $325,000 - $530,037

-- Bed
4 Baths
4,048 Sq Ft
$110/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $475,000 $117 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,815/month

43 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Electric Baseboard Heater
  • 2 Fireplaces
  • Central Air

About This Home

As of April 2023

This four unit building is comprised of one efficiency apartment with large walk in closet and separate kitchen and bath. It has electric baseboard heat and below it is a laundry room with coin operated washer and dryer for the tenants use. The one bedroom unit is on the Franklin Street side and it is first floor living with a large living room which has a fireplace. The two bedroom unit is on the other side of the building with exterior steps to enter the unit. This unit has a heat pump and central air and has beautiful hardwood floors. The main house has five bedrooms and two full baths with garden tub showers. One bedroom is on the main floor. This unit has mostly hardwood floors and large oversized living room with fireplace and large dining room and kitchen. It is fully rented with tenants that want to stay. A great investment opportunity.

Last Agent to Sell the Property

Kim Latshaw

Focus Realty LLC License #RM424017 Listed on: 02/02/2023

Last Buyer's Agent

Christina Zerbe

Coldwell Banker Realty License #RS353972

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,509

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • 4 Off-Street Spaces
  • Front Facing Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Masonry

Interior Spaces

  • 4,048 Sq Ft Home
  • 2 Fireplaces
  • Partial Basement

Utilities

  • Central Air
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, water
  • Assessor Parcel Number 260-19830-0-0000

Community Details

Overview

  • 4 Units

Building Details

  • Income includes laundry, apartment rentals
  • Insurance Expense $1,116
  • Operating Expense $2,916
  • Gross Income $47,220
  • Net Operating Income $39,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,509

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: stoves (4), Refrigerators (4), Coin operated washer and dryer
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: This four unit building is comprised of one efficiency apartment with large walk in closet and separate kitchen and bath. It has electric baseboard heat and below it is a laundry room with coin operated washer and dryer for the tenants use. The one bedroom unit is on the Franklin Street side and it is first floor living with a large living room which has a fireplace. The two bedroom unit is on the other side of the building with exterior steps to enter the unit. This unit has a heat pump and central air and has beautiful hardwood floors. The main house has five bedrooms and two full baths with garden tub showers. One bedroom is on the main floor. This unit has mostly hardwood floors and large oversized living room with fireplace and large dining room and kitchen. It is fully rented with tenants that want to stay. A great investment opportunity.
  • Special Features: None

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Block
  • Room Count: 21
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 4048
  • Living Area Sq Ft: 4048
  • Price Per Sq Ft: 117.34
  • Above Grade Finished Sq Ft: 4048
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 35

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Spa: No
  • 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 - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: EPHRATA AREA
  • School District Key: 300200397381
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 149000.00
  • Land Assessed Value: 43800.00
  • Land Use Code: 115
  • Lot Size Acres: 0.15
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Insurance, Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 47220.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4023679
  • School Tax: 3514.00
  • Tax Annual Amount: 4509.00
  • Assessor Parcel Number: 260-19830-0-0000
  • Tax Total Finished Sq Ft: 4048
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 04/25/2023

Multi Family

  • Gross Income: 47220.00
  • Gross Scheduled Income: 47220.00
  • Income Includes: Laundry, Apartment Rentals
  • Operating Expense: 2916.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: EPHRATA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Apr 25, 2023
Sold by
Latshaw Dale and Latshaw Kimberly
Bought by
Elite Home Rentals Llc
Seller's Agent
Kim Latshaw
Focus Realty LLC
Buyer's Agent
Christina Zerbe
Coldwell Banker Realty
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%
Views
140
Current Estimated Value
$446,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,991
Avg. Annual Appreciation
-3.55%
Original Mortgage
$120,000
Outstanding Balance
$99,432
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$337,090

Purchase Details

Closed on
Dec 20, 2022
Sold by
Latshaw Living Trust
Bought by
Crust Dale and Crust Kimberly

Purchase Details

Closed on
May 22, 2018
Sold by
Latshaw Dale Lamar and Latshaw Kimberly Sue
Bought by
Latshaw Dale Lamar and Latshaw Kimberly Sue

Purchase Details

Closed on
Feb 6, 2002
Sold by
Daugherty David and Daugherty Helen J
Bought by
Latshaw Dale L and Latshaw Kim S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.08%
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
Elite Home Rentals Llc $475,000 None Listed On Document
Crust Dale -- --
Latshaw Dale Lamar -- None Available
Latshaw Dale L $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elite Home Rentals Llc $120,000
Previous Owner Latshaw Dale L $157,500
Previous Owner Latshaw Dale L $212,000
Previous Owner Latshaw Dale L $80,000
Closed Latshaw Dale L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $475,000 0.0% $117 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/05/2023 03/05/23 Price Changed $475,000 -2.1% $117 / Sq Ft
02/02/2023 02/02/23 For Sale $485,000 -- $120 / 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 $4,624 $192,800 $43,800 $149,000
2023 $4,510 $192,800 $43,800 $149,000
2022 $4,317 $192,800 $43,800 $149,000
2021 $4,227 $192,800 $43,800 $149,000
2020 $4,227 $192,800 $43,800 $149,000
2019 $4,169 $192,800 $43,800 $149,000
2016 $5,479 $208,700 $29,200 $179,500
2015 $1,212 $208,700 $29,200 $179,500
2014 $4,091 $208,700 $29,200 $179,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2030420

Bright MLS

APN: 260-19830-0-0000