NOT LISTED FOR SALE

44 Valley Rd Lancaster, PA 17601

Estimated Value: $386,000 - $410,000

Studio
2 Baths
2,410 Sq Ft
$164/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $365,000 $151 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,452/month

46 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • 4 Car Detached Garage
  • Neff School Rated A
  • Balcony
  • Brick Porch or Patio

About This Home

As of April 2024

Rare investment opportunity in Manheim Township! This 2 unit main house offers 1 - 1 bedroom / 1 bath (just under 900 sq.ft.) and 1 - 2 bedroom / 1 bath (around 1500 sq.ft.) unit. Each unit has their own laundry, central A/C and radiant heat.
Also offers 4 garage spaces for additional rental income.

Last Agent to Sell the Property

Jennifer Rule

(717) 740-2221 contracts@ironvalleyrealestateoflancaster.com Iron Valley Real Estate of Lancaster License #RS319741 Listed on: 01/13/2024

Iron Valley Real Estate of Lancaster

Last Buyer's Agent

Andrew Fenstermacher

(717) 569-2222 sales@rmxpinnacle.com RE/MAX Pinnacle

RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,610

Year Built

  • Built in 1924

Lot Details

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

Parking

  • 4 Car Detached Garage
  • 8 Driveway Spaces
  • 8 Off-Street Spaces
  • Lighted Parking
  • Front Facing Garage

Home Design

  • Duplex
  • Craftsman Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof
  • Masonry

Interior Spaces

  • Walk-Out Basement

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage
  • Outbuilding
  • Brick Porch or Patio

Location

  • Suburban Location

Schools

  • Neff Elementary School
  • Manheim Township Middle School
  • Manheim Township High School

Utilities

  • Central Air
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, insurance, repairs, sewer, trash collection, water, real estate taxes
  • Assessor Parcel Number 390-06132-0-0000

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals, parking
  • Insurance Expense $900
  • Trash Expense $516
  • Operating Expense $9,834
  • Gross Income $34,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,610

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • Exclusions: Tenants' personal property
  • New Construction: No
  • Expected On Market: 1/14/2024 12:00:00 AM
  • Year Built: 1924
  • Automatically Close On Close Date: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Walkout Stairs
  • Total Sq Ft: 3610
  • Living Area Sq Ft: 2410
  • Price Per Sq Ft: 155.56
  • Above Grade Finished Sq Ft: 2410
  • Below Grade Sq Ft: 1200
  • Total Below Grade Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick, Masonry
  • Exterior Features: Outbuilding(s), Secure Storage
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Lighted Parking, Private
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 20
  • Type Of Parking: Driveway, Detached Garage, Off Street
  • Number of Spaces in Driveway: 8
  • Off Street Parking Spaces: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Previous Twelve Months: 744.00
  • Water Source: Public

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: NEFF
  • High School: MANHEIM TOWNSHIP
  • Middle Or Junior School: MANHEIM TOWNSHIP

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.00
  • Outdoor Living Structures: Deck(s), Balcony, Brick, Porch(es)
  • Property Condition: Very Good, Excellent, Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Gas, Insurance, Repairs, Sewer, Trash Collection, Water, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 36300.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3557.00
  • Tax Annual Amount: 4610.00
  • Assessor Parcel Number: 390-06132-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Gross Income: 36300.00
  • Gross Scheduled Income: 34485.00
  • Income Includes: Apartment Rentals, Parking
  • Operating Expense: 9834.00
  • Other Units: Unit 4,Unit 5,Unit 3,Unit 6
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: MANHEIM TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Apr 5, 2024
Sold by
Frost Bradley A and Frost Sara Melissa
Bought by
Fenstermacher Andrew J and Fenstermacher Maria A
Seller's Agent
Jennifer Rule
Iron Valley Real Estate of Lancaster
Buyer's Agent
Andrew Fenstermacher
RE/MAX Pinnacle
List Price
$374,900
Sold Price
$365,000
Premium/Discount to List
-$9,900
-2.64%
Views
166
Current Estimated Value
$395,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,882
Avg. Annual Appreciation
4.59%
Original Mortgage
$283,240
Outstanding Balance
$279,024
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$116,858

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 12, 2022
Sold by
Gerhart Barbara K
Bought by
Frost Bradley A and Frost Sara Melissa
Seller's Agent
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Jennifer Rule
Iron Valley Real Estate of Lancaster
List Price
$274,900
Sold Price
$305,000
Premium/Discount to List
$30,100
10.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.49%
Original Mortgage
$244,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2006
Sold by
Kirchoff Anna E
Bought by
Gerhart Barbara K

Purchase Details

Closed on
Feb 28, 2000
Sold by
Kirchoff Kenneth H and Kirchoff Anna E
Bought by
Kirchoff Anna E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Fenstermacher Andrew J $354,050 Regal Abstract
Frost Bradley A $305,000 None Listed On Document
Gerhart Barbara K -- None Available
Kirchoff Anna E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenstermacher Andrew J $283,240
Previous Owner Frost Bradley A $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2024 04/05/24 Sold $365,000 -2.6% $151 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $374,900 0.0% $156 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $374,900 +22.9% $156 / Sq Ft
04/13/2022 04/13/22 Sold $305,000 0.0% $127 / Sq Ft View Prior Sale
03/09/2022 03/09/22 Price Changed $305,000 +10.9% $127 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $274,900 -- $114 / 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 $4,728 $213,100 $47,200 $165,900
2024 $4,611 $213,100 $47,200 $165,900
2023 $4,491 $213,100 $47,200 $165,900
2022 $4,415 $213,100 $47,200 $165,900
2021 $4,316 $213,100 $47,200 $165,900
2020 $4,316 $213,100 $47,200 $165,900
2019 $4,275 $213,100 $47,200 $165,900
2018 $3,113 $213,100 $47,200 $165,900
2017 $4,003 $157,300 $34,500 $122,800
2016 $4,003 $157,300 $34,500 $122,800
2015 $1,006 $157,300 $34,500 $122,800
2014 -- $157,300 $34,500 $122,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2045624

Bright MLS

APN: 390-06132-0-0000