NOT LISTED FOR SALE

436 E Lehman St Lebanon, PA 17046

Estimated Value: $430,900

-- Bed
-- Bath
3,500 Sq Ft
$123/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $285,000 $81 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,660/month

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Side Yard

About This Home

As of February 2021

Great business opportunity property! 1st floor is currently a salon with 7 full hair stations with a manicure/pedicure room, facial room, and an employee break room with washer and dryer. 10 on-site parking spaces. Large corner lot on busy Lehman Street next to Trattoria Fratelli's Italian restaurant. Property has a second floor 3 bedroom apartment generating 900/month. The commercial space could be reconfigured for another use. Many possibilities!

Last Agent to Sell the Property

Adam Gamble

(717) 269-2424 adam@adamsgamble.com Iron Valley Real Estate License #RM422500 Listed on: 06/02/2020

Iron Valley Real Estate

Last Buyer's Agent

Renee Mitchell-Treier

(717) 917-1515 reneetreier@gmail.com Realty ONE Group Unlimited License #RS329351

Realty ONE Group Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,348

Year Built

  • Built in 1970

Lot Details

  • 0.34 Acre Lot
  • Corner Lot
  • Level Lot
  • Side Yard
  • Property is in good condition

Home Design

  • 3,500 Sq Ft Home
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Stucco

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking
  • Parking Lot

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Forced Air Heating and Cooling System
  • 120/240V
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 2 Units
  • Lebanon City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09-2343504-371853-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,348

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Great business opportunity property! 1st floor is currently a salon with 7 full hair stations with a manicure/pedicure room, facial room, and an employee break room with washer and dryer. 10 on-site parking spaces. Large corner lot on busy Lehman Street next to Trattoria Fratelli's Italian restaurant. Property has a second floor 3 bedroom apartment generating 900/month. The commercial space could be reconfigured for another use. Many possibilities!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood, Ceramic Tile
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 85.69
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 436

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Frame
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LEBANON
  • School District Key: 300200397291
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 97500.00
  • Land Assessed Value: 51600.00
  • Lot Features: Corner, Level, Sideyard(s), Road Frontage
  • Lot Size Acres: 0.34
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14810.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: CN-NEIGHBORHOOD COMMERCIA
  • Zoning Description: Mixed Use

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10312374
  • School Tax: 3174.00
  • Tax Annual Amount: 4348.00
  • Assessor Parcel Number: 09-2343504-371853-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 02/12/2021

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Feb 12, 2021
Sold by
Ward Harry W and Ward Michelle
Bought by
Ary 786 Llc
Seller's Agent
Adam Gamble
Iron Valley Real Estate
Buyer's Agent
Renee Mitchell-Treier
Realty ONE Group Unlimited
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$430,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,900
Avg. Annual Appreciation
9.19%
Original Mortgage
$228,000
Outstanding Balance
$203,567
Interest Rate
2.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$227,333

Purchase Details

Closed on
Feb 4, 2011
Sold by
Demarco Louis
Bought by
Ward Harry W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Ary 786 Llc $285,000 Realty Settlement Svcs Inc
Ward Harry W $185,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ary 786 Llc $228,000
Previous Owner Ward Harry W $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $285,000 -5.0% $81 / Sq Ft
06/02/2020 06/02/20 For Sale $299,900 -- $86 / 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 $4,803 $149,100 $51,600 $97,500
2024 $4,576 $149,100 $51,600 $97,500
2023 $749 $149,100 $51,600 $97,500
2022 $737 $149,100 $51,600 $97,500
2021 $712 $149,100 $51,600 $97,500
2020 $4,348 $149,100 $51,600 $97,500
2019 $4,286 $149,100 $51,600 $97,500
2018 $4,162 $149,100 $51,600 $97,500
2017 $1,174 $149,100 $51,600 $97,500
2016 $4,052 $149,100 $51,600 $97,500
2015 $2,784 $149,100 $51,600 $97,500
2014 $2,784 $149,100 $51,600 $97,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN113784

Bright MLS

APN: 09-2343504-371853-0000