NOT LISTED FOR SALE

38 Terrace Ave Ephrata, PA 17522

Estimated Value: $275,000 - $323,152

-- Bed
2 Baths
2,176 Sq Ft
$138/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $160,000 $74 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,926/month

Highlights

  • No HOA
  • Replacement Windows
  • Property is in very good condition
  • Hot Water Heating System

About This Home

As of March 2020

Nice 2 unit in Ephrata Borough with many recent updates! Replacement windows. Carpet and flooring are in good condition. Potential for 3rd bedroom in attic (does not have heat). Separate electric service and heat. Units look nice! Close to schools, park and pool. Ideal Borough location.

Last Agent to Sell the Property

Kevin Kohl

(717) 951-0153 kkohl@ptd.net Hauenstein Agency, Inc. Listed on: 01/16/2020

Co-Listed By

Marsha Doom

(717) 468-9402 marshadoom5@gmail.com Hauenstein Agency, Inc.

Last Buyer's Agent

Darren Neff

(717) 575-1668 darrencneff@gmail.com Manor West Realty License #RS319979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,617

Year Built

  • Built in 1918

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 2,176 Sq Ft Home
  • Replacement Windows
  • Partial Basement
  • Electric Oven or Range

Utilities

  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for lawn/shrub care, sewer, snow removal, water, trash collection, repairs, real estate taxes
  • Assessor Parcel Number 260-52193-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $2,910
  • Net Operating Income $15,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,617

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Remarks Public: Nice 2 unit in Ephrata Borough with many recent updates! Replacement windows. Carpet and flooring are in good condition. Potential for 3rd bedroom in attic (does not have heat). Separate electric service and heat. Units look nice! Close to schools, park and pool. Ideal Borough location.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric
  • Window Features: Replacement
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2176
  • Living Area Sq Ft: 2176
  • Price Per Sq Ft: 75.78
  • Above Grade Finished Sq Ft: 2176
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • 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: Circuit Breakers, Fuses
  • Heating Fuel: Oil
  • Heating Type: Hot Water, Radiator, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

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: 128600.00
  • Land Assessed Value: 36400.00
  • Land Use Code: 114
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Very Good, Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Lawn/Shrub Care, Sewer, Snow Removal, Water, Trash Collection, Repairs, Taxes - Real Estate
  • Total Actual Rent: 18540.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4025216
  • School Tax: 2846.00
  • Tax Annual Amount: 3617.00
  • Assessor Parcel Number: 260-52193-0-0000
  • Tax Total Finished Sq Ft: 2176
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/17/2020

Multi Family

  • Gross Income: 18540.00
  • Operating Expense: 2910.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: EPHRATA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Mar 5, 2020
Sold by
Conlin Patrick J and Rider Jillian K
Bought by
King Mervin Lee
Seller's Agent
Kevin Kohl
Hauenstein Agency, Inc.
Buyer's Agent
Darren Neff
Manor West Realty
List Price
$164,900
Sold Price
$160,000
Premium/Discount to List
-$4,900
-2.97%
Current Estimated Value
$299,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,788
Avg. Annual Appreciation
11.96%
Original Mortgage
$80,000
Outstanding Balance
$39,372
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$260,416

Purchase Details

Closed on
May 24, 2010
Sold by
Gosling Thomas H and Gosling Lisa L
Bought by
Conlin Patrick J and Rider Jillian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2005
Sold by
Althouse Viola
Bought by
Gosling Thomas H and Gosling Lisa L
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
King Mervin Lee $160,000 None Available
Conlin Patrick J $152,000 None Available
Gosling Thomas H $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Mervin Lee $80,000
Previous Owner Conlin Patrick J $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2020 03/17/20 Sold $160,000 -3.0% $74 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $164,900 -- $76 / 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 $3,957 $165,000 $36,400 $128,600
2024 $3,957 $165,000 $36,400 $128,600
2023 $3,860 $165,000 $36,400 $128,600
2022 $3,695 $165,000 $36,400 $128,600
2021 $3,617 $165,000 $36,400 $128,600
2020 $3,617 $165,000 $36,400 $128,600
2016 $2,906 $110,700 $30,200 $80,500
2015 $643 $110,700 $30,200 $80,500
2014 $2,528 $129,000 $30,200 $98,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA157432

Bright MLS

APN: 260-52193-0-0000