NOT LISTED FOR SALE

469 W King St York, PA 17401

West Bank Neighborhood

Estimated Value: $175,000 - $214,000

-- Bed
3 Baths
2,462 Sq Ft
$79/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $60,000 $24 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $1,173/month

7 Days on Market

Highlights

  • 0.1 Acre Lot
  • No HOA
  • Electric Baseboard Heater
  • Colonial Architecture
  • 2 Car Detached Garage
  • Hot Water Baseboard Heater

About This Home

As of August 2019

Excellent Cash Flow, Cap Rate 20.5. Three unit plus two-car garage. See operating income and expenses in documents. Separate heat and electric for each unit.

Last Agent to Sell the Property

John Bowman

(717) 880-2121 John@JohnBowmanRealtor.com Berkshire Hathaway HomeServices Homesale Realty Listed on: 07/25/2019

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Mary Lou Melchiorre

(717) 309-0303 marylou@johnbowmanrealtor.com Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Rick Smith

(717) 757-7811 rick@ricksmithteam.com Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 4,178

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • 4,178 Sq Ft Lot
  • Urban Location

Listing and Financial Details

  • The owner pays for accounting/legal, insurance, repairs, sewer, real estate taxes, water
  • Tax Lot 0077
  • Assessor Parcel Number 09-192-03-0077-00-00000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, parking
  • Insurance Expense $482
  • Trash Expense $2,076
  • Operating Expense $5,330
  • Net Operating Income $5,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Inclusions: three (3) refrigerators, Two (2) gas range/oven, one (1) electric range/oven
  • New Construction: No
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3392
  • Living Area Sq Ft: 2462
  • Price Per Sq Ft: 24.33
  • Above Grade Finished Sq Ft: 2462
  • Below Grade Sq Ft: 930
  • Total Below Grade Sq Ft: 930
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Hot Water, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4178.00
  • Zoning: RS

Rental Info

  • Number Of Units Month To Month: 2
  • Owner Pays: Accounting/Legal, Insurance, Repairs, Sewer, Taxes - Real Estate, Water
  • Total Actual Rent: 17340.00
  • Vacation Rental: No

Tax Info

  • School Tax: 966.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1675.00
  • Assessor Parcel Number: 09-192-03-0077-00-00000
  • Tax Lot: 0077
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 17340.00
  • Income Includes: Apartment Rentals, Parking
  • Operating Expense: 5330.00

MLS Schools

  • School District Name: YORK CITY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Aug 13, 2019
Sold by
Alan W Goughnour Trust
Bought by
Ids Home Llc
Seller's Agent
John Bowman
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Rick Smith
Berkshire Hathaway HomeServices Homesale Realty
List Price
$59,900
Sold Price
$60,000
Premium/Discount to List
$100
0.17%
Current Estimated Value
$194,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,333
Avg. Annual Appreciation
20.33%
Original Mortgage
$40,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2014
Sold by
Zartman Lisa L
Bought by
Alan W Goughnour Trust

Purchase Details

Closed on
Apr 10, 2007
Sold by
Zartman Gregory W and Zartman Lisa L
Bought by
Zartman Lisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2000
Sold by
Davis Ryan S and Davis Crystal R
Bought by
Chase Bank Of Texas and Texas Commerce Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ids Home Llc $60,000 None Available
Alan W Goughnour Trust -- None Available
Zartman Lisa L -- None Available
Chase Bank Of Texas $4,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ids Home Llc $40,000
Previous Owner Zartman Lisa L $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2019 08/15/19 Sold $60,000 +0.2% $24 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $59,900 -- $24 / 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 $1,809 $28,630 $8,540 $20,090
2024 $1,777 $28,630 $8,540 $20,090
2023 $1,777 $28,630 $8,540 $20,090
2022 $1,767 $28,630 $8,540 $20,090
2021 $1,718 $28,630 $8,540 $20,090
2020 $1,678 $28,630 $8,540 $20,090
2019 $1,675 $28,630 $8,540 $20,090
2018 $1,675 $28,630 $8,540 $20,090
2017 $1,698 $28,630 $8,540 $20,090
2016 -- $28,630 $8,540 $20,090
2015 $1,678 $28,630 $8,540 $20,090
2014 $1,678 $28,630 $8,540 $20,090
Source: Public Records

Agents Affiliated with this Home

  • John Bowman

    Seller's Agent in 2019

    John Bowman

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 880-2121

    1 in this area

    78 Total Sales

    John Bowman
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Mary Lou Melchiorre

    Berkshire Hathaway HomeServices Homesale Realty

    Section Image
  • Rick Smith

    Buyer's Agent in 2019

    Rick Smith

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 757-7811

    3 in this area

    177 Total Sales

    Rick Smith
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAYK119188

Bright MLS

APN: 09-192-03-0077.00-00000

Pennsylvania York County York 17401 West Bank

469 W King St, York, PA

Not Listed for Sale

MultiFamily

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