$123,000
SOLD SEP 16, 2016

417 E King St Shippensburg, PA 17257

-- Bed
-- Bath
2,364 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

5% Below List Price

23 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Ceiling Fan
  • Living Room
  • Dining Room

About This Home

As of April 2022

GREAT INVESTMENT OPPORTUNITY IN COLLEGE TOWN. Rent both or live in one and let the other pay the mortgage. Owner has experienced unbelievable occupancy for both units. Plenty of off street parking and nice yard for outdoor enjoyment. This is a proven money maker, don't miss this well maintained duplex.

Last Agent to Sell the Property

Bill Morrow

BrokersRealty.com World Headquarters Listed on: 07/17/2016

Last Buyer's Agent

Steve Coover

JA/LEX Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1850

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Duplex
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,364 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Gas Oven or Range
  • Stove

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Shippensburg Area Middle School
  • Shippensburg Area High School

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, heat, hot water
  • The owner pays for accounting/legal, insurance, real estate taxes
  • Assessor Parcel Number 3233189037

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Electric Expense $21
  • Insurance Expense $1,073
  • Maintenance Expense $1,286
  • Operating Expense $7,287
  • Net Operating Income $7,713

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • New Construction: No
  • Year Built: 1850
  • Remarks Public: GREAT INVESTMENT OPPORTUNITY IN COLLEGE TOWN. Rent both or live in one and let the other pay the mortgage. Owner has experienced unbelievable occupancy for both units. Plenty of off street parking and nice yard for outdoor enjoyment. This is a proven money maker, don't miss this well maintained duplex.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Oven - Single, Stove
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 6
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Hookup
  • Total Sq Ft: 2364
  • Living Area Sq Ft: 2364
  • Price Per Sq Ft: 54.95
  • Above Grade Finished Sq Ft: 2364
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 417-419

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Fiberglass, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 21.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 1140.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SHIPPENSBURG AREA
  • Middle School: SHIPPENSBURG AREA
  • High School: SHIPPENSBURG AREA
  • School District Key: 300200396699
  • High School: SHIPPENSBURG AREA
  • Middle Or Junior School: SHIPPENSBURG AREA

Lot Info

  • Lot Size Acres: 0.19
  • Property Attached Yn: Yes
  • Zoning Description: Residential

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Accounting/Legal, Insurance, Taxes - Real Estate
  • Tenant Pays: Cable Tv, Electricity, Gas, Heat, Hot Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 15000.00
  • Operating Expense: 7287.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Assessor Parcel Number: 11153749
  • Tax Annual Amount: 2615.00
  • Assessor Parcel Number: 3233189037
  • Tax Year: 2106
  • Close Date: 09/16/2016

MLS Schools

  • School District Name: SHIPPENSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2016
Closed on
Sep 22, 2016
Sold by
Ads Rentals and Gabler Stephen E
Bought by
Peters Michael A
Seller's Agent
Bill Morrow
BrokersRealty.com World Headquarters
Buyer's Agent
Steve Coover
JA/LEX Real Estate Services
List Price
$129,900
Sold Price
$123,000
Premium/Discount to List
-$6,900
-5.31%
Current Estimated Value
$214,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,536
Avg. Annual Appreciation
6.03%
Original Mortgage
$92,250
Outstanding Balance
$74,919
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$131,406
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $123,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,000 Unknown
Open $92,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2022 04/18/22 Sold $165,000 -8.3% $70 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/05/2022 01/05/22 Price Changed $179,900 -5.3% $76 / Sq Ft
12/07/2021 12/07/21 For Sale $189,900 0.0% $80 / Sq Ft
12/06/2021 12/06/21 Price Changed $189,900 +54.4% $80 / Sq Ft
09/16/2016 09/16/16 Sold $123,000 -5.3% $52 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/17/2016 07/17/16 For Sale $129,900 -- $55 / 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 $3,284 $162,000 $26,400 $135,600
2024 $3,141 $162,000 $26,400 $135,600
2023 $2,943 $162,000 $26,400 $135,600
2022 $2,855 $162,000 $26,400 $135,600
2021 $2,827 $162,000 $26,400 $135,600
2020 $2,796 $162,000 $26,400 $135,600
2019 $2,798 $162,000 $26,400 $135,600
2018 $2,668 $162,000 $26,400 $135,600
2017 $2,620 $162,000 $26,400 $135,600
2016 -- $162,000 $26,400 $135,600
2015 -- $162,000 $26,400 $135,600
2014 -- $162,000 $26,400 $135,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002747825

Bright MLS

APN: 32-33-1869-037