NOT LISTED FOR SALE
Studio
-- Bath
1,901 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: August 14, 2017

Last sale price $474,570 $250 Per Sq Ft

Highlights

  • 0.11 Acre Lot
  • Forced Air Heating System
  • Property is in very good condition
  • No HOA
  • Baseboard Heating

About This Home

As of August 2017

Fully Leased-Licensed 8 Unit Apartment Building Featuring (2) 2Br Units, (4) 1Br Units & (2) Efficiency Units. Six have been recently rehabbed with New Kitchens, New Baths & Replacement Windows. Heats were separated in 2010, 2 Units have Gas Furnaces & 6 have Electric Baseboard. Rents need raised when long term tenants move out. Landlord pays Sewer/Water/Trash & Gas Hot Water. Tenants pay Heat, Electric & Gas. Sellers are PA Licensed real Estate Brokers.

Last Agent to Sell the Property

Brad Gearhart

bradgearhart@comcast.net City Limits Listed on: 05/13/2017

Last Buyer's Agent

Brad Gearhart

bradgearhart@comcast.net City Limits Listed on: 05/13/2017

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,590

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof
  • Stucco

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for heat, electricity
  • Assessor Parcel Number 337-72635-0-0000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $906
  • Fuel Expense $1,272
  • Insurance Expense $1,422
  • Maintenance Expense $4,271
  • Manager Expense $4,271
  • Other Expense $400
  • Trash Expense $840
  • Operating Expense $15,572
  • Net Operating Income $39,858

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,590

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 400.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Unfinished

Exterior Features

  • Construction Materials: Brick, Stucco
  • 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
  • Electric Expense: 906.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2190.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 4271.00

Lot Info

  • Lot Size Acres: 0.11
  • Property Condition: Very Good
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 4065446
  • School Tax: 3378.05
  • Tax Annual Amount: 5589.95
  • Assessor Parcel Number: 337-72635-0-0000
  • County Tax Payment Frequency: Annually

Multi Family

  • Fuel Expense: 1272.00
  • Gross Income: 61020.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 15572.00
  • 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

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
Dec 28, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Outstanding Balance
$485,147
Interest Rate
6.31%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,840
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2017
Closed on
Aug 14, 2017
Sold by
Bought by
Seller's Agent
Brad Gearhart
City Limits
Buyer's Agent
Brad Gearhart
City Limits
List Price
$490,000
Sold Price
$474,570
Premium/Discount to List
-$15,430
-3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,856
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 10, 1999
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
$827,500 --
$673,680 None Listed On Document
$474,570 None Available
$37,000 --
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
Open $668,000
Previous Owner $336,840
Previous Owner $421,856
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
08/14/2017 08/14/17 Sold $474,570 -3.1% $250 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
05/13/2017 05/13/17 For Sale $490,000 -- $258 / 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 $6,862 $171,600 $29,700 $141,900
2025 $6,790 $171,600 $29,700 $141,900
2024 $6,790 $171,600 $29,700 $141,900
2023 $6,676 $171,600 $29,700 $141,900
2022 $6,398 $171,600 $29,700 $141,900
2021 $6,261 $171,600 $29,700 $141,900
2020 $6,261 $171,600 $29,700 $141,900
2019 $6,167 $171,600 $29,700 $141,900
2018 $3,660 $171,600 $29,700 $141,900
2016 $5,539 $121,700 $31,400 $90,300
2015 $2,161 $121,700 $31,400 $90,300
2014 $4,834 $121,700 $31,400 $90,300
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1002741103

Bright MLS

APN: 337-72635-0-0000

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