NOT LISTED FOR SALE

Estimated Value: $184,000 - $199,058

-- Bed
3 Baths
2,430 Sq Ft
$80/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $170,000 $70 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,322/month

16 Days on Market

Highlights

  • City View
  • 1 Car Detached Garage
  • Downtown Location
  • 0.1 Acre Lot
  • More Than Two Accessible Exits
  • Forced Air Heating System

About This Home

As of September 2022

Presenting 467 W King! This 3 unit plus garage property provides an excellent opportunity for any new or seasoned investor to step in day one and begin collecting substantial cash flow. Net operating income is a whopping $21,758, equating to an 11.5% Cap Rate. All units are currently occupied. Unit 1 recently signed a one year lease, Unit 2 is on a 6 month lease, and both Unit 3 and the garage are month to month. Unit 3 has been recently renovated and roof was replaced 9/1/21. Whether left as is or with value added, this property is poised tp produce steady income for the foreseeable future.

Last Agent to Sell the Property

Brett Peters, Jr.

(717) 317-8489 brett@sablecommercial.com Sable Commercial Realty License #RS349646 Listed on: 07/18/2022

Last Buyer's Agent

Herlyn SILVA

(717) 538-0203 herlynsilva@gmail.com Keller Williams Elite

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,288

Year Built

  • Built in 1910

Lot Details

  • 4,177 Sq Ft Lot
  • Downtown Location
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Triplex
  • Dwelling with Rental
  • Brick Exterior Construction
  • Combination Foundation
  • Block Foundation

Interior Spaces

  • 2,430 Sq Ft Home
  • City Views
  • Basement

Accessible Home Design

  • More Than Two Accessible Exits

Schools

  • Hannah Penn Middle School
  • William Penn High School

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for real estate taxes, trash collection, water, sewer
  • Tax Lot 0076
  • Assessor Parcel Number 09-192-03-0076-00-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,288

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Dwelling With Rental
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Combination
  • Total Sq Ft: 2430
  • Living Area Sq Ft: 2430
  • Price Per Sq Ft: 77.37
  • Above Grade Finished Sq Ft: 2430
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • High School: WILLIAM PENN
  • Middle Or Junior School: HANNAH PENN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4177.00
  • Property Condition: Good
  • Zoning: RS
  • Zoning Description: Please review local zoning ordincance

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 3
  • Owner Pays: Taxes - Real Estate, Trash Collection, Water, Sewer
  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10774588
  • School Tax: 1910.00
  • Tax Annual Amount: 3288.00
  • Assessor Parcel Number: 09-192-03-0076-00-00000
  • Tax Lot: 0076
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: YORK CITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 9, 2022
Sold by
467 West King Llc
Bought by
Clark Robert C and Campbell-Clark Kelly Anne
Seller's Agent
Brett Peters, Jr.
Sable Commercial Realty
Buyer's Agent
Herlyn SILVA
Keller Williams Elite
List Price
$188,000
Sold Price
$170,000
Premium/Discount to List
-$18,000
-9.57%
Views
1
Current Estimated Value
$197,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,894
Avg. Annual Appreciation
4.21%
Original Mortgage
$127,500
Outstanding Balance
$121,860
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$72,655

Purchase Details

Closed on
Feb 3, 2020
Sold by
Ventures Property Group Llc
Bought by
467 West King Llc

Purchase Details

Closed on
Mar 7, 2016
Sold by
Budget Rental Llc
Bought by
Venture Property Group Llc

Purchase Details

Closed on
Dec 17, 2015
Sold by
Hall Kati E
Bought by
Budget Rentals Llc

Purchase Details

Closed on
Dec 3, 2015
Sold by
Lalino Donna
Bought by
Hall Kati E

Purchase Details

Closed on
Aug 12, 2011
Sold by
York Task Llc
Bought by
Lalino Donna

Purchase Details

Closed on
May 24, 2011
Sold by
Us Bank National Association
Bought by
York Task Llc

Purchase Details

Closed on
Jan 10, 2011
Sold by
Matthews Seth and Matthews Gannon
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 26, 2005
Sold by
Tucker Darren and Tucker Melissa J
Bought by
Matthews Seth and Matthews Gannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,410
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 28, 2001
Sold by
Zimnicky Ii Jay R
Bought by
Tucker Darren A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,900
Interest Rate
6.99%

Purchase Details

Closed on
Jan 12, 2001
Sold by
The Chase Manhattan Bank
Bought by
Zimnicky Ii Jay R

Purchase Details

Closed on
May 30, 2000
Sold by
Davis Ryan S and Davis Crystal R
Bought by
Chase Bank Of Texas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark Robert C $170,000 --
467 West King Llc $62,500 Lsg Settlements Llc
Venture Property Group Llc $36,000 None Available
Budget Rentals Llc $18,000 None Available
Hall Kati E $59,662 None Available
Lalino Donna $39,900 None Available
York Task Llc $19,000 None Available
Us Bank National Association $1,847 None Available
Matthews Seth $74,900 The Security Title Guarantee
Tucker Darren A $59,900 --
Zimnicky Ii Jay R $31,600 --
Chase Bank Of Texas $1,075 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Robert C $127,500
Previous Owner Matthews Seth $67,410
Previous Owner Tucker Darren A $47,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $170,000 -9.6% $70 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $188,000 -- $77 / 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 $3,366 $53,270 $8,540 $44,730
2024 $3,307 $53,270 $8,540 $44,730
2023 $3,307 $53,270 $8,540 $44,730
2022 $3,288 $53,270 $8,540 $44,730
2021 $3,197 $53,270 $8,540 $44,730
2020 $3,122 $53,270 $8,540 $44,730
2019 $3,117 $53,270 $8,540 $44,730
2018 $3,117 $53,270 $8,540 $44,730
2017 $3,158 $53,270 $8,540 $44,730
2016 -- $53,270 $8,540 $44,730
2015 $3,123 $53,270 $8,540 $44,730
2014 $3,123 $53,270 $8,540 $44,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAYK2025196

Bright MLS

APN: 09-192-03-0076.00-00000