Seller's Agent in 2025
Susan Anderson
Iron Valley Real Estate of Central PA
(717) 903-9872
2 in this area
72 Total Sales
42 E Locust St Mechanicsburg, PA 17055
Estimated Value: $287,000 - $301,906
--
Bed
3
Baths
2,506
Sq Ft
$118/Sq Ft
Est. Value
Highlights
- Deck
- Corner Lot
- Storm Doors
- Mechanicsburg Area Senior High School Rated A-
- Patio
- Property is in very good condition
About This Home
As of April 2025Welcome to this well-maintained 3-unit property located in the heart of the Historic District of Mechanicsburg, perfectly situated on a desirable corner lot. This investment opportunity is within walking distance of an array of amenities, making it an ideal choice for both residents and investors. This property features three units, each offering its own unique charm. The first-floor front unit boasts a cozy one-bedroom layout, perfect for singles or couples looking for a charming living space. In addition, the first-floor rear unit presents another inviting one-bedroom option, providing a comfortable and convenient lifestyle. On the second floor, you’ll find a spacious three-bedroom unit, ideal for families or individuals in need of extra space. Together, these units create a versatile living environment suitable for a variety of tenants. Two of the units are currently on month-to-month leases, providing flexibility for potential buyers or investors looking to establish long-term tenants or occupy the property themselves. The property boasts ample off-street parking, with a designated parking area located at the rear for added convenience. Don’t miss this opportunity to own a well-maintained multi-family residence in the heart of Mechanicsburg. Schedule your viewing today!
Last Agent to Sell the Property
(717) 903-9872 susanhomes72@gmail.com Iron Valley Real Estate of Central PA License #RS346846 Listed on: 04/08/2025
Last Buyer's Agent
michael@brenemanrealestate.com Midtown Property Management License #RS372483
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,917
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Corner Lot
- Property is in very good condition
Home Design
- Triplex
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Metal Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,506 Sq Ft Home
- Unfinished Basement
- Exterior Basement Entry
Flooring
- Carpet
- Vinyl
Home Security
- Storm Doors
- Fire and Smoke Detector
Parking
- Gravel Driveway
- On-Street Parking
- Off-Street Parking
Outdoor Features
- Deck
- Patio
Schools
- Mechanicsburg Middle School
- Mechanicsburg Area High School
Utilities
- Window Unit Cooling System
- Heating Available
- 200+ Amp Service
- Natural Gas Water Heater
- Municipal Trash
- Cable TV Available
Community Details
- 3 Units
- 1 Vacant Unit
Listing and Financial Details
- The owner pays for water, sewer, trash collection, electricity, real estate taxes, insurance
- Assessor Parcel Number 17-23-0565-028B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2025
Closed on
Apr 15, 2025
Sold by
Trayer Nickolas M
Bought by
Velocity Capital Group Llc
Seller's Agent
Susan Anderson
Iron Valley Real Estate of Central PA
Buyer's Agent
Michael White
Midtown Property Management
List Price
$255,000
Sold Price
$296,100
Premium/Discount to List
$41,100
16.12%
Views
53
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
-$123
Avg. Annual Appreciation
-0.07%
Original Mortgage
$205,000
Outstanding Balance
$203,905
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$92,072
Purchase Details
Listed on
Jun 14, 2018
Closed on
Oct 1, 2018
Sold by
Heller Jonathan S and Heller Martha C T
Bought by
Trayer Nickolas M
Seller's Agent
Paul Rabon
For Sale By Owner Plus, REALTORS - Hershey
Buyer's Agent
Shawn Garnes
Coldwell Banker Realty
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$171,830
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 31, 2005
Sold by
Lerew Mildred E
Bought by
Heller Jonathan S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,300
Interest Rate
5.85%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Velocity Capital Group Llc | $296,100 | None Listed On Document | |
| Trayer Nickolas M | $175,000 | None Available | |
| Heller Jonathan S | $162,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Velocity Capital Group Llc | $205,000 | |
| Previous Owner | Trayer Nickolas M | $171,830 | |
| Previous Owner | Heller Jonathan S | $130,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $296,100 | +16.1% | $118 / Sq Ft | |
| 04/12/2025 04/12/25 | Pending | -- | -- | -- | |
| 04/08/2025 04/08/25 | For Sale | $255,000 | +45.7% | $102 / Sq Ft | |
| 09/24/2018 09/24/18 | Sold | $175,000 | -5.4% | $70 / Sq Ft | View Prior Sale |
| 07/24/2018 07/24/18 | Pending | -- | -- | -- | |
| 06/14/2018 06/14/18 | For Sale | $185,000 | -- | $74 / 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 | $4,114 | $174,900 | $30,900 | $144,000 |
| 2024 | $3,974 | $174,900 | $30,900 | $144,000 |
| 2023 | $3,149 | $174,900 | $30,900 | $144,000 |
| 2022 | $3,692 | $174,900 | $30,900 | $144,000 |
| 2021 | $3,559 | $174,900 | $30,900 | $144,000 |
| 2020 | $3,484 | $174,900 | $30,900 | $144,000 |
| 2019 | $3,421 | $174,900 | $30,900 | $144,000 |
| 2018 | $3,366 | $174,900 | $30,900 | $144,000 |
| 2017 | $3,234 | $174,900 | $30,900 | $144,000 |
| 2016 | -- | $174,900 | $30,900 | $144,000 |
| 2015 | -- | $174,900 | $30,900 | $144,000 |
| 2014 | -- | $174,900 | $30,900 | $144,000 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Anderson
-
Michael White
M
Buyer's Agent in 2025
Michael White
Midtown Property Management
1 in this area
30 Total Sales
-
Paul Rabon
Seller's Agent in 2018
Paul Rabon
For Sale By Owner Plus, REALTORS - Hershey
(717) 439-3959
104 Total Sales
-
Lisa Rabon
Seller Co-Listing Agent in 2018
Lisa Rabon
For Sale By Owner Plus, REALTORS - Hershey
(717) 439-3959
64 Total Sales
-
S
Buyer's Agent in 2018
Shawn Garnes
Coldwell Banker Realty
-
S
Buyer Co-Listing Agent in 2018
Shannel Garnes
Coldwell Banker Realty
Map
Source: Bright MLS
MLS Number: PACB2040736
APN: 17-23-0565-028B
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