Seller's Agent in 2023
Nathan Barshinger
EXP Realty, LLC
(717) 668-4694
2 in this area
181 Total Sales
404 Broadway Hanover, PA 17331
Hanover Historic District NeighborhoodEstimated Value: $188,377 - $320,000
6
Beds
4
Baths
1,496
Sq Ft
$175/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- 90% Forced Air Heating and Cooling System
- Clearview Elementary School Rated A-
- More Than Two Accessible Exits
About This Home
As of December 2023Incredible Investment Opportunity in Hanover, PA!
6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%!
Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns.
While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time.
Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically.
Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.
Last Agent to Sell the Property
(717) 668-4694 nathanbarsh.realestate@gmail.com EXP Realty, LLC License #RS359935 Listed on: 09/16/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,223
Year Built
- Built in 1930
Lot Details
- 3,001 Sq Ft Lot
- Property is in good condition
- Property is zoned ROOMING HOUSE, Rooming house grandfathered in as per Hanover Boro
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Permanent Foundation
- Stone Foundation
Interior Spaces
- 1,496 Sq Ft Home
- Property has 2.5 Levels
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Private Parking
- Gravel Driveway
- Parking Lot
- Off-Street Parking
- Fenced Parking
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- 90% Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Hanover Boro Subdivision
Listing and Financial Details
- Tax Lot 0145
- Assessor Parcel Number 67-000-18-0145-A0-00000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2023
Closed on
Dec 9, 2023
Sold by
Bosse Leonard E and Bosse Sabrina E
Bought by
Zook Samuel K
Seller's Agent
Nathan Barshinger
EXP Realty, LLC
Buyer's Agent
Bradley Bygall
Lime House
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
70
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
$12,344
Avg. Annual Appreciation
2.33%
Original Mortgage
$20,000
Outstanding Balance
$19,619
Interest Rate
7.29%
Mortgage Type
Seller Take Back
Estimated Equity
$242,725
Purchase Details
Closed on
Oct 26, 2015
Sold by
Batts Evan O
Bought by
Bosse Sbrina E and Bosse Leonard E
Purchase Details
Closed on
Aug 30, 2013
Sold by
Batts Evan O and Batts Evan O
Bought by
Batts Evan O
Purchase Details
Closed on
Feb 27, 1998
Bought by
Batts Evan O and Batts Susan C
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 |
|---|---|---|---|
| Zook Samuel K | $250,000 | None Listed On Document | |
| Bosse Sbrina E | $72,000 | None Available | |
| Batts Evan O | -- | None Available | |
| Batts Evan O | $39,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zook Samuel K | $20,000 | |
| Open | Zook Samuel K | $168,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $250,000 | -9.1% | $167 / Sq Ft |
| 11/21/2023 11/21/23 | Pending | -- | -- | -- |
| 09/16/2023 09/16/23 | For Sale | $275,000 | -- | $184 / 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 |
|---|---|---|---|---|
| 2025 | $3,390 | $92,610 | $20,400 | $72,210 |
| 2024 | $3,365 | $92,610 | $20,400 | $72,210 |
| 2023 | $3,263 | $90,510 | $20,400 | $70,110 |
| 2022 | $3,223 | $90,510 | $20,400 | $70,110 |
| 2021 | $3,133 | $90,510 | $20,400 | $70,110 |
| 2020 | $3,133 | $90,510 | $20,400 | $70,110 |
| 2019 | $3,084 | $90,510 | $20,400 | $70,110 |
| 2018 | $3,027 | $90,510 | $20,400 | $70,110 |
| 2017 | $2,970 | $90,510 | $20,400 | $70,110 |
| 2016 | $0 | $90,510 | $20,400 | $70,110 |
| 2015 | -- | $90,510 | $20,400 | $70,110 |
| 2014 | -- | $90,510 | $20,400 | $70,110 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Barshinger
-
Bradley Bygall
Buyer's Agent in 2023
Bradley Bygall
Lime House
(717) 798-0995
1 in this area
53 Total Sales
Map
Source: Bright MLS
MLS Number: PAYK2048834
APN: 67-000-18-0145.A0-00000
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