NOT LISTED FOR SALE

401 S 2nd St Chambersburg, PA 17201

Estimated Value: $155,000 - $208,000

-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold March 15, 2018

Last sale price $96,500

Est. 81% increase in value since last sale

Current estimated payment $1,184/month

6 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 3-minute walk to 2nd Street Park

About This Home

As of March 2018

3 unit investment property. Two one bedroom apartments that rent for $550 and $500. One three bedroom apartment that rents for $700. Currently in process of filling units with tenants. Landlord pays water and sewer for all units and gas heat for two units. Boro inspections passed and completed in 2017. Heating units replaced in 2016. Property being sold as is.

Last Agent to Sell the Property

Jenny Stoner

RE/MAX Realty Agency, Inc. License #RS324444 Listed on: 02/08/2018

RE/MAX Realty Agency, Inc.

Last Buyer's Agent

Wes Strite

Cedar Spring Realty

Cedar Spring Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,249

Year Built

  • Built in 1900

Lot Details

  • 3,920

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Electric Oven or Range
  • 3,920 Sq Ft Lot
  • Unfinished Basement

Listing and Financial Details

  • The owner pays for insurance, repairs, all utilities, real estate taxes
  • Assessor Parcel Number 4-1E09-157

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,249

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: 3 unit investment property. Two one bedroom apartments that rent for $550 and $500. One three bedroom apartment that rents for $700. Currently in process of filling units with tenants. Landlord pays water and sewer for all units and gas heat for two units. Boro inspections passed and completed in 2017. Heating units replaced in 2016. Property being sold as is.
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Street Number Modifier: 401

Exterior Features

  • Construction Materials: Brick
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: CHAMBERSBURG AREA
  • School District Key: 300200396543

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 13380.00
  • Land Assessed Value: 670.00
  • Lot Size Acres: 0.09
  • Lot Size Area: 3920
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Year Assessed: 1961
  • Zoning: RC
  • In City Limits: Yes

Rental Info

  • Owner Pays: Insurance, Repairs, All Utilities, Taxes - Real Estate
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10706895
  • Tax Annual Amount: 2249.26
  • Assessor Parcel Number: 4-1E09-157
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 03/15/2018

Multi Family

  • Gross Income: 21000.00
  • Metering: Electric Separate
  • Operating Expense: 5700.00
  • Vacancy Allowance Rate: 40.00

MLS Schools

  • School District Name: CHAMBERSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2018
Closed on
Mar 13, 2018
Sold by
Deitrich Ruby V and Mellott Lisa G
Bought by
Blue Star Aviation Services Llc
Seller's Agent
Jenny Stoner
RE/MAX Realty Agency, Inc.
Buyer's Agent
Wes Strite
Cedar Spring Realty
List Price
$99,000
Sold Price
$96,500
Premium/Discount to List
-$2,500
-2.53%
Current Estimated Value
$174,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,214
Avg. Annual Appreciation
8.42%
Original Mortgage
$77,200
Interest Rate
4.22%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Blue Star Aviation Services Llc $96,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blue Star Aviation Services Ll $345,000
Closed Blue Star Aviation Services Llc $77,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2018 03/15/18 Sold $96,500 0.0% --
03/14/2018 03/14/18 Rented $500 -99.5% --
03/14/2018 03/14/18 Under Contract -- -- --
02/14/2018 02/14/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $99,000 0.0% --
11/06/2017 11/06/17 For Rent $600 -- --
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 $2,787 $14,050 $670 $13,380
2024 $2,674 $14,050 $670 $13,380
2023 $2,605 $14,050 $670 $13,380
2022 $2,534 $14,050 $670 $13,380
2021 $2,520 $14,050 $670 $13,380
2020 $2,465 $14,050 $670 $13,380
2019 $2,393 $14,050 $670 $13,380
2018 $2,320 $14,050 $670 $13,380
2017 $2,185 $14,050 $670 $13,380
2016 $403 $14,050 $670 $13,380
2015 $375 $14,050 $670 $13,380
2014 $375 $14,050 $670 $13,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000131260

Bright MLS

APN: 04-1E09-157-000000