NOT LISTED FOR SALE

Estimated Value: $250,931 - $333,000

Studio
2 Baths
1,523 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $99,000 $65 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $1,907/month

200 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • Heating System Uses Oil

About This Home

As of February 2012

Good for owner-occupant or investor who wants high-quality tenants and low maintenance building in great west end neighborhood. Easy rent to F&M students. Utilities split. New roof.

Last Buyer's Agent

Ervin Barkman

(717) 569-8701 lynn@kingswayrealty.com Kingsway Realty - Lancaster License #RS168511L

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1898

Lot Details

  • 871 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3397246100000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Net Operating Income $11,097

Property Details

Home Type

Multi-Family

Year Built

Built in 1898

Lot Details

871 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Storage: Basement
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Rubber
  • 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
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.02
  • 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: 4072857
  • School Tax: 1847.35
  • Tax Annual Amount: 3003.46
  • Assessor Parcel Number: 3397246100000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 14100.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2011
Closed on
Feb 24, 2012
Sold by
Martin Andrew H
Bought by
Chappell Jonathan W and Chappell Joanna F
Buyer's Agent
Ervin Barkman
Kingsway Realty - Lancaster
List Price
$109,900
Sold Price
$99,000
Premium/Discount to List
-$10,900
-9.92%
Current Estimated Value
$291,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,983
Avg. Annual Appreciation
7.99%
Original Mortgage
$74,250
Outstanding Balance
$51,029
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$240,954

Purchase Details

Closed on
Feb 23, 2007
Sold by
Naumann Louis H and Naumann Daniel J
Bought by
Martin Andrew H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Chappell Jonathan W $99,000 None Available
Martin Andrew H $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chappell Jonathan W $74,250
Previous Owner Martin Andrew H $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2012 02/24/12 Sold $99,000 -9.9% $65 / Sq Ft
01/13/2012 01/13/12 Pending -- -- --
06/27/2011 06/27/11 For Sale $109,900 -- $72 / Sq Ft
Source: Bright MLS

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 $4,452 $112,500 $20,700 $91,800
2024 $4,452 $112,500 $20,700 $91,800
2023 $4,377 $112,500 $20,700 $91,800
2022 $4,194 $112,500 $20,700 $91,800
2021 $4,105 $112,500 $20,700 $91,800
2020 $4,105 $112,500 $20,700 $91,800
2019 $4,043 $112,500 $20,700 $91,800
2018 $2,399 $112,500 $20,700 $91,800
2017 $3,436 $74,800 $14,100 $60,700
2016 $3,404 $74,800 $14,100 $60,700
2015 $1,328 $74,800 $14,100 $60,700
2014 $2,971 $74,800 $14,100 $60,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002723141

Bright MLS

APN: 339-72461-0-0000

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