NOT LISTED FOR SALE

37 E Main St Newmanstown, PA 17073

Estimated Value: $252,000 - $266,933

-- Bed
4 Baths
4,600 Sq Ft
$56/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $132,500 $29 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,849/month

Highlights

  • No HOA
  • Parking Storage or Cabinetry
  • 1-minute walk to Noel K Hertzog Memorial Fields
  • 6 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2016

Well maintained 4 unit in Newmanstown. Detached 1 car garage with off street parking for tenants. All units have separate utilities and private entrance. Tenant pays all utilities except for sewer. Below avg market rents. Call to discuss projected rental income amounts to increase cash flow. Laundry in basement for tenant use. Newer painted metal roof.....

Last Agent to Sell the Property

Amy Zechman

(717) 497-3400 azechman@homesale.com Iron Valley Real Estate License #RS312912 Listed on: 05/18/2016

Iron Valley Real Estate

Last Buyer's Agent

Amy Zechman

(717) 497-3400 azechman@homesale.com Iron Valley Real Estate License #RS312912 Listed on: 05/18/2016

Iron Valley Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 297x37

Home Design

  • Converted Dwelling
  • Poured Concrete
  • Metal Roof
  • Vinyl Siding

Laundry

  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • 6 Car Detached Garage
  • Parking Storage or Cabinetry
  • Off-Street Parking

Schools

  • Eastern Lebanon County Middle School
  • Eastern Lebanon County Senior High School

Utilities

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

Listing and Financial Details

  • Tenant pays for heat, hot water, trash removal, electricity, water
  • Assessor Parcel Number 24-2396976-374697-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals, laundry
  • Fuel Expense $120
  • Insurance Expense $1,445
  • Operating Expense $4,045
  • Net Operating Income $12,387

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement, Garage
  • Remarks Public: Well maintained 4 unit in Newmanstown. Detached 1 car garage with off street parking for tenants. All units have separate utilities and private entrance. Tenant pays all utilities except for sewer. Below avg market rents. Call to discuss projected rental income amounts to increase cash flow. Laundry in basement for tenant use. Newer painted metal roof.....
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Unfinished
  • Street Number Modifier: 37-39

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Spaces Total: 6.00
  • Type Of Parking: Off Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2480.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: EASTERN LEBANON COUNTY
  • Middle School: EASTERN LEBANON COUNTY
  • High School: EASTERN LEBANON COUNTY SENIOR
  • School District Key: 300200397444
  • High School: EASTERN LEBANON COUNTY SENIOR
  • Middle Or Junior School: EASTERN LEBANON COUNTY

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: 297x37
  • Zoning: RESIDENTIAL
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10332821
  • School Tax: 3418.82
  • Tax Annual Amount: 4508.34
  • Assessor Parcel Number: 24-2396976-374697-0000
  • County Tax Payment Frequency: Annually
  • Close Date: 10/28/2016

Multi Family

  • Fuel Expense: 120.00
  • Gross Income: 20940.00
  • Income Includes: Apartment Rentals, Laundry
  • Metering: Fully Separate
  • Operating Expense: 4045.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: EASTERN LEBANON COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Oct 28, 2016
Sold by
Hoover David C and Spitler Darlene H
Bought by
S & L Rental Properties Llc
Seller's Agent
Amy Zechman
Iron Valley Real Estate
Buyer's Agent
Amy Zechman
Iron Valley Real Estate
List Price
$155,000
Sold Price
$132,500
Premium/Discount to List
-$22,500
-14.52%
Current Estimated Value
$259,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,967
Avg. Annual Appreciation
7.83%
Original Mortgage
$106,000
Outstanding Balance
$85,314
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$174,153
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
S & L Rental Properties Llc $132,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S & L Rental Properties Llc $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $132,500 -14.5% $29 / Sq Ft
09/04/2016 09/04/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $155,000 -- $34 / 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 $5,613 $235,700 $24,300 $211,400
2024 $5,194 $235,700 $24,300 $211,400
2023 $5,194 $235,700 $24,300 $211,400
2022 $5,078 $235,700 $24,300 $211,400
2021 $4,853 $235,700 $24,300 $211,400
2020 $4,788 $235,700 $24,300 $211,400
2019 $4,687 $235,700 $24,300 $211,400
2018 $4,607 $235,700 $24,300 $211,400
2017 -- $235,700 $24,300 $211,400
2016 $4,415 $235,700 $24,300 $211,400
2015 -- $235,700 $24,300 $211,400
2014 -- $235,700 $24,300 $211,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002738465

Bright MLS

APN: 24-2396976-374697-0000