NOT LISTED FOR SALE

Estimated Value: $328,000 - $407,000

-- Bed
2 Baths
2,580 Sq Ft
$145/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $149,500 $58 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $2,579/month

Highlights

  • No HOA
  • Home Security System
  • Baseboard Heating

About This Home

As of October 2017

Excellent investment opportunity with great cash flow. Property has a 2-bedroom apartment and a 4 room boarding house. 2 bedroom first floor apartment recently renovated, rented for $850 (tenant just vacated). 4 room rentals on 2nd & 3rd floor share a bathroom and kitchen. First floor tenant pays electric and heat. Convenient keyless entry pad allows for easy changing of locks between tenants. Security system, motion sensored LED lights. Schedule a showing today!

Last Agent to Sell the Property

Calvin Yoder

Keller Williams Elite License #RM423455 Listed on: 09/08/2017

Keller Williams Elite

Last Buyer's Agent

Doug Kline

Keller Williams Elite License #RS319510

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 2,614

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Poured Concrete
  • Rubber Roof
  • Stone Siding

Unfinished Basement

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

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Mccaskey Campus High School

Utilities

  • Radiator
  • Baseboard Heating
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • Washer and Dryer Hookup
  • 2,614 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 332-62485-0-0000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $1,228
  • Fuel Expense $450
  • Insurance Expense $1,094
  • Other Expense $630
  • Operating Expense $6,204
  • Net Operating Income $17,037

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 630.00
  • Storage: Basement
  • Year Built: 1880
  • Remarks Public: Excellent investment opportunity with great cash flow. Property has a 2-bedroom apartment and a 4 room boarding house. 2 bedroom first floor apartment recently renovated, rented for $850 (tenant just vacated). 4 room rentals on 2nd & 3rd floor share a bathroom and kitchen. First floor tenant pays electric and heat. Convenient keyless entry pad allows for easy changing of locks between tenants. Security system, motion sensored LED lights. Schedule a showing today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Unfinished
  • Street Number Modifier: 445

Exterior Features

  • Construction Materials: Stone
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • 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

  • Annual Heating Expense: 1850.00
  • Central Air Conditioning: No
  • Electric Expense: 1228.00
  • Electric Service: 200+ Amp Service
  • Heating Type: Baseboard, Radiator, Oil
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 952.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.06
  • Property Attached Yn: Yes
  • Zoning: MULTIFAM RES
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4056778
  • School Tax: 2492.25
  • Tax Annual Amount: 4095.29
  • Assessor Parcel Number: 332-62485-0-0000
  • County Tax Payment Frequency: Annually
  • Close Date: 10/20/2017

Multi Family

  • Fuel Expense: 450.00
  • Gross Income: 27336.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 6204.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2017
Closed on
Oct 20, 2017
Sold by
Beiler Jacob K
Bought by
Joubert Valerice Stania and Joubert Fils Aime
Seller's Agent
Calvin Yoder
Keller Williams Elite
Buyer's Agent
Doug Kline
Keller Williams Elite
List Price
$155,000
Sold Price
$149,500
Premium/Discount to List
-$5,500
-3.55%
Current Estimated Value
$373,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,740
Avg. Annual Appreciation
11.59%
Original Mortgage
$112,125
Outstanding Balance
$93,781
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$262,137

Purchase Details

Closed on
Jul 18, 2016
Sold by
Estate Of Edward Mastromatteo
Bought by
Beiler Jacob K
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
Joubert Valerice Stania $149,500 None Available
Beiler Jacob K $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joubert Valerice Stania $112,125
Previous Owner Beiler Jacob K $87,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $149,500 -3.5% $58 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $155,000 -- $60 / 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 $7,079 $178,900 $36,800 $142,100
2024 $7,079 $178,900 $36,800 $142,100
2023 $6,960 $178,900 $36,800 $142,100
2022 $6,670 $178,900 $36,800 $142,100
2021 $6,527 $178,900 $36,800 $142,100
2020 $6,527 $178,900 $36,800 $142,100
2019 $6,429 $178,900 $36,800 $142,100
2018 $3,815 $178,900 $36,800 $142,100
2016 $4,014 $88,200 $21,700 $66,500
2015 $1,566 $88,200 $21,700 $66,500
2014 $3,076 $88,200 $21,700 $66,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002668757

Bright MLS

APN: 332-62485-0-0000