NOT LISTED FOR SALE

422 W Orange St Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $350,000 - $445,000

-- Bed
4 Baths
2,404 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 27, 2015

Last sale price $167,500 $70 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,727/month

119 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Baseboard Heating

About This Home

As of August 2015

Great opportunity to invest in a fully leased 3-unit in the desirable West side of Lancaster City. Features 3 off-street parking spaces, separated heat and electric for tenants, and a spacious back yard. Nicely located just a short distance from Central Market, restaurants, shops, and all of the best of Lancaster City.

Last Agent to Sell the Property

Michael Stoltzfus

Coldwell Banker Realty Listed on: 03/26/2015

Coldwell Banker Realty

Last Buyer's Agent

Nathan Hykes

Manor West Realty License #RS297571

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 245x14

Parking

  • Off-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Schools

  • Mccaskey Campus High School

Utilities

  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3356457600000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $180
  • Insurance Expense $1,000
  • Maintenance Expense $750
  • Manager Expense $1,872
  • Trash Expense $660
  • Operating Expense $5,362
  • Net Operating Income $13,652

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Great opportunity to invest in a fully leased 3-unit in the desirable West side of Lancaster City. Features 3 off-street parking spaces, separated heat and electric for tenants, and a spacious back yard. Nicely located just a short distance from Central Market, restaurants, shops, and all of the best of Lancaster City.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Unfinished
  • Street Number Modifier: 422

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Roof: Composite, Shingle
  • 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

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 180.00
  • Electric Service: 100 Amp Service
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 1872.00

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 245x14
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4059381
  • School Tax: 2685.91
  • Tax Annual Amount: 4438.32
  • Assessor Parcel Number: 3356457600000
  • County Tax Payment Frequency: Annually
  • Close Date: 08/27/2015

Multi Family

  • Gross Income: 23400.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 5362.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2017
Sold by
Riehl Marvin Lee
Bought by
Riehl Mervin Lee and Riehl Linda R
Current Estimated Value
$388,871

Purchase Details

Listed on
Mar 26, 2015
Closed on
Aug 27, 2015
Sold by
Levengood Lane R
Bought by
Riehl Mervin Lee
Seller's Agent
Michael Stoltzfus
Coldwell Banker Realty
Buyer's Agent
Nathan Hykes
Manor West Realty
List Price
$177,500
Sold Price
$167,500
Premium/Discount to List
-$10,000
-5.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$125,625
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 30, 2012
Sold by
Levengood Lane R
Bought by
Levengood Lane R

Purchase Details

Closed on
Mar 5, 2010
Sold by
Phillips Lance
Bought by
Levengood Lane R

Purchase Details

Closed on
Feb 9, 2007
Sold by
Hud
Bought by
Phillips Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2006
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Aug 3, 2005
Sold by
Yens Juan B
Bought by
Citimortgage Inc
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
Riehl Mervin Lee -- None Available
Riehl Mervin Lee $167,500 Attorney
Levengood Lane R -- None Available
Levengood Lane R $136,000 None Available
Phillips Lance $105,000 None Available
Hud -- None Available
Citimortgage Inc $3,734 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riehl Mervin Lee $150,000
Closed Riehl Mervin Lee $125,625
Previous Owner Phillips Lance $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2015 08/27/15 Sold $167,500 -5.6% $70 / Sq Ft
07/23/2015 07/23/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $177,500 -- $74 / 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
2024 $7,297 $184,400 $37,900 $146,500
2023 $7,174 $184,400 $37,900 $146,500
2022 $6,875 $184,400 $37,900 $146,500
2021 $6,728 $184,400 $37,900 $146,500
2020 $6,728 $184,400 $37,900 $146,500
2019 $6,627 $184,400 $37,900 $146,500
2018 $3,933 $184,400 $37,900 $146,500
2016 $4,492 $98,700 $23,900 $74,800
2015 $1,752 $98,700 $23,900 $74,800
2014 $3,920 $98,700 $23,900 $74,800
Source: Public Records

Agents Affiliated with this Home

  • Michael Stoltzfus

    Seller's Agent in 2015

    Michael Stoltzfus

    Coldwell Banker Realty

    (717) 380-3367

    2 in this area

    114 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    Nathan Hykes

    Manor West Realty

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002735147

Bright MLS

APN: 335-64576-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

422 W Orange St, Lancaster, PA

This home is located at 422 W Orange St, Lancaster, PA 17603 since 26 March 2015 and is currently estimated at $388,871, approximately $161 per square foot. This property was built in 1900. 422 W Orange St is a home located in Lancaster County with nearby schools including Fulton El School, Reynolds Middle School, and McCaskey High School.

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