Seller's Agent in 2022
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
(717) 560-8496
1 in this area
279 Total Sales
401 Fairview Ave Lancaster, PA 17603
Cabbage Hill NeighborhoodEstimated Value: $365,000 - $380,000
--
Bed
4
Baths
2,000
Sq Ft
$185/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Ceiling Fan
- Property is in very good condition
- Corner Lot
- Hot Water Heating System
- 3-minute walk to Brandon Park
About This Home
As of September 2022Well Maintained Turn-key “Detached” 3-unit in Lancaster. New Roof in 2022. Apt 1 is a spacious first floor apartment with 2 bedrooms that shows well and is rented for $1000/month. Apt 2 is located on second floor with 1 bedroom rented for $625/month. Apt 3 is a beautiful 1 bedroom apartment with trendy open shelves in kitchen and rented for $800/month. Apartments have lots of natural light. Brick exterior has great curb appeal. Separate gas heat and separate electric. This is a fantastic opportunity! A detached multi-family building in Lancaster City is rare find.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Homesale Realty License #RS187003L Listed on: 08/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,819
Year Built
- Built in 1915
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Masonry
Interior Spaces
- 2,000 Sq Ft Home
- Ceiling Fan
- Basement
- Exterior Basement Entry
- Gas Oven or Range
Location
- Urban Location
Schools
- Mccaskey High School
Utilities
- Radiator
- Hot Water Heating System
- Knob And Tube Electrical Wiring
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for water, trash collection, real estate taxes, snow removal, sewer, sewer maintenance, repairs, pest control, lawn/shrub care, insurance, gas, electricity
- Assessor Parcel Number 338-63426-0-0000
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,200
- Other Expense $10,312
- Trash Expense $864
- Operating Expense $12,376
- Gross Income $29,100
- Net Operating Income $16,724
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2022
Closed on
Sep 29, 2022
Sold by
Zook Nathaniel D and Zook Salena C
Bought by
Kancha Arun Kumar
Seller's Agent
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Cheryl McFadden
Howard Hanna Real Estate Services - Lancaster
List Price
$314,900
Sold Price
$310,000
Premium/Discount to List
-$4,900
-1.56%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,826
Avg. Annual Appreciation
5.01%
Original Mortgage
$248,000
Outstanding Balance
$238,380
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$118,328
Purchase Details
Listed on
Jun 14, 2012
Closed on
Sep 18, 2012
Sold by
Roman Richard A and Roman Gloria M
Bought by
Zook Nathaniel D and Zook Salena C
Seller's Agent
Ron Shepherd
Iron Valley Real Estate of Lancaster
Buyer's Agent
Benjamin Siegrist
Kingsway Realty - Lancaster
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%
Original Mortgage
$132,554
Interest Rate
3.75%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kancha Arun Kumar | $310,000 | -- | |
| Zook Nathaniel D | $135,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kancha Arun Kumar | $248,000 | |
| Previous Owner | Zook Nathaniel D | $132,554 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $310,000 | -1.6% | $155 / Sq Ft |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- |
| 08/03/2022 08/03/22 | For Sale | $314,900 | +133.3% | $157 / Sq Ft |
| 10/05/2012 10/05/12 | Sold | $135,000 | -6.9% | $63 / Sq Ft |
| 08/15/2012 08/15/12 | Pending | -- | -- | -- |
| 06/14/2012 06/14/12 | For Sale | $145,000 | -- | $68 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,066 | $153,300 | $26,500 | $126,800 |
| 2023 | $5,964 | $153,300 | $26,500 | $126,800 |
| 2022 | $5,716 | $153,300 | $26,500 | $126,800 |
| 2021 | $5,593 | $153,300 | $26,500 | $126,800 |
| 2020 | $5,593 | $153,300 | $26,500 | $126,800 |
| 2019 | $5,509 | $153,300 | $26,500 | $126,800 |
| 2018 | $3,269 | $153,300 | $26,500 | $126,800 |
| 2017 | $4,093 | $89,100 | $13,600 | $75,500 |
| 2016 | $4,055 | $89,100 | $13,600 | $75,500 |
| 2015 | $1,582 | $89,100 | $13,600 | $75,500 |
| 2014 | $3,539 | $89,100 | $13,600 | $75,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Joel Leaman
Berkshire Hathaway HomeServices Homesale Realty
(717) 560-8496
2 in this area
90 Total Sales
-
Buyer's Agent in 2022
Cheryl McFadden
Howard Hanna
(717) 201-5371
3 in this area
71 Total Sales
-
Seller's Agent in 2012
Ron Shepherd
Iron Valley Real Estate of Lancaster
(717) 587-7390
6 in this area
29 Total Sales
-
E
Seller Co-Listing Agent in 2012
Ed Hutchins
Shepherd Real Estate, LLC
-
Buyer's Agent in 2012
Benjamin Siegrist
Kingsway Realty - Lancaster
(717) 569-8701
147 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2022806
APN: 338-63426-0-0000
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