NOT LISTED FOR SALE
Studio
-- Bath
8,019 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: October 21, 2020

Last sale price $652,500 $81 Per Sq Ft

51 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • Radiator
  • Traditional Architecture

About This Home

As of October 2020

Fully occupied side by side 5 & 6 unit buildings with excellent cash flow. 11 total residential units featuring 4 efficiencies, 5 one bedrooms, 1 two bedroom, and 1 three bedroom apartment. Quick and easy access to downtown, bus routes, and all amenities. See documents for investment analysis.

Last Agent to Sell the Property

Calvin Yoder

(717) 947-3900 topshelf@trademarkres.com Top Shelf Real Estate License #RM426273 Listed on: 07/07/2020

Last Buyer's Agent

Courtney Longenecker

(717) 553-2500 klrw1040@kw.com Keller Williams Elite License #RS347971

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,489

Year Built

  • Built in 1875

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 8,019 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire Escape

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, gas, heat, insurance, pest control, repairs, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 337-66622-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lancaster City Ward 7 Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $3,897
  • Maintenance Expense $9,156
  • Trash Expense $2,995
  • Operating Expense $40,136
  • Gross Income $91,560
  • Net Operating Income $52,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,489

Year Built

Built in 1875

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Unit Refrigerators, Ranges
  • New Construction: No
  • Year Built: 1875
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Poured Concrete, Unfinished
  • Total Sq Ft: 8019
  • Living Area Sq Ft: 8019
  • Price Per Sq Ft: 84.18
  • Above Grade Finished Sq Ft: 8019
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Fire Escape
  • Roof: Flat, 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
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 2226.00
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 272600.00
  • Land Assessed Value: 69700.00
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.40
  • Property Condition: Good
  • Zoning: COMMERCIAL - APARTMENTS

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 5
  • Owner Pays: Advertising/Licenses And Permits, Gas, Heat, Insurance, Pest Control, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 10
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 4065277
  • School Tax: 7487.00
  • Tax Annual Amount: 12489.00
  • Assessor Parcel Number: 337-66622-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 91560.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 40136.00
  • Other Units: Unit 1,Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Bought by

Purchase Details

Listed on
Jul 7, 2020
Closed on
Oct 21, 2020
Sold by
Bought by
Seller's Agent
Calvin Yoder
Top Shelf Real Estate
Buyer's Agent
Courtney Longenecker
Keller Williams Elite
List Price
$675,000
Sold Price
$652,500
Premium/Discount to List
-$22,500
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2016
Closed on
Dec 28, 2016
Sold by
Bought by
Seller's Agent
Calvin Yoder
Top Shelf Real Estate
Buyer's Agent
Calvin Yoder
Top Shelf Real Estate
List Price
$440,000
Sold Price
$410,000
Premium/Discount to List
-$30,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%

Purchase Details

Closed on
Jul 16, 2014
Bought by

Purchase Details

Closed on
Aug 18, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$652,500 Title Services
$410,000 None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $522,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2020 10/21/20 Sold $652,500 -3.3% $81 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $675,000 +64.6% $84 / Sq Ft
12/28/2016 12/28/16 Sold $410,000 -6.8% $257 / Sq Ft View Prior Sale
11/10/2016 11/10/16 Pending -- -- --
11/10/2016 11/10/16 For Sale $440,000 -- $276 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,991 $193,400 $36,600 $156,800
2025 $7,653 $193,400 $36,600 $156,800
2024 $7,653 $193,400 $36,600 $156,800
2023 $7,524 $193,400 $36,600 $156,800
2022 $7,211 $193,400 $36,600 $156,800
2021 $7,056 $193,400 $36,600 $156,800
2020 $7,056 $193,400 $36,600 $156,800
2019 $6,950 $193,400 $36,600 $156,800
2018 $4,125 $193,400 $36,600 $156,800
2016 $6,317 $138,800 $32,500 $106,300
2015 $2,464 $138,800 $32,500 $106,300
2014 $5,513 $138,800 $32,500 $106,300
Source: Public Records

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Map

Source: Bright MLS

MLS Number: PALA166136

Bright MLS

APN: 337-66622-0-0000

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