NOT LISTED FOR SALE

47 W Main St Mechanicsburg, PA 17055

Estimated Value: $319,979

-- Bed
3 Baths
4,792 Sq Ft
$67/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $235,000 $49 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,232/month

95 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Home Security System
  • Mechanicsburg Area Senior High School Rated A-
  • No HOA
  • Level Entry For Accessibility

About This Home

As of November 2020

2 Unit Commercial Office Building in Downtown Mechanicsburg with the potential for a 3rd floor apartment with minor improvements. This property has been meticulously maintained and improved in every respect. Over 4700 sq ft @ only $53 price per square foot. Excellent Exposure and Traffic Count is quite high. Great investment opportunity in an attractive location in Cumberland County; the fastest growing county in the state of PA. With the addition of 3rd floor income this property would easily be a 10+% Capitalization Rate Property. Inspections on file for interested Buyers.

Last Agent to Sell the Property

Edwin Tichenor

Turn Key Realty Group License #AB068820 Listed on: 06/11/2020

Last Buyer's Agent

Elizabeth Knouse Foote

Berkshire Hathaway HomeServices Homesale Realty License #RS221122L

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,077

Year Built

  • Built in 1900

Lot Details

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

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Rubber Roof

Interior Spaces

  • 4,792 Sq Ft Home
  • Wood Flooring
  • Home Security System
  • Unfinished Basement

Accessible Home Design

  • Level Entry For Accessibility

Schools

  • Mechanicsburg Area High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • Mechanicsburg Borough Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16-23-0565-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,077

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Traditional
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: 2 Unit Commercial Office Building in Downtown Mechanicsburg with the potential for a 3rd floor apartment with minor improvements. This property has been meticulously maintained and improved in every respect. Over 4700 sq ft @ only $53 price per square foot. Excellent Exposure and Traffic Count is quite high. Great investment opportunity in an attractive location in Cumberland County; the fastest growing county in the state of PA. With the addition of 3rd floor income this property would easily be a 10+% Capitalization Rate Property. Inspections on file for interested Buyers.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 4792
  • Living Area Sq Ft: 4792
  • Price Per Sq Ft: 50.71
  • Above Grade Finished Sq Ft: 4792
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 47-49

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle, 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: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: MECHANICSBURG AREA
  • High School: MECHANICSBURG AREA
  • High School Source: Listing Agent
  • School District Key: 300200396842
  • School District Source: Listing Agent
  • High School: MECHANICSBURG AREA

Lot Info

  • Improvement Assessed Value: 194500.00
  • Land Assessed Value: 55000.00
  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11096138
  • School Tax: 3532.00
  • Tax Annual Amount: 5077.00
  • Assessor Parcel Number: 16-23-0565-015
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/20/2020

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Nov 19, 2020
Sold by
On A Wing Realty Lp
Bought by
Saint Adam Property Mgt Llc
Seller's Agent
Edwin Tichenor
Turn Key Realty Group
Buyer's Agent
Elizabeth Knouse Foote
Berkshire Hathaway HomeServices Homesale Realty
List Price
$243,000
Sold Price
$235,000
Premium/Discount to List
-$8,000
-3.29%
Current Estimated Value
$319,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,979
Avg. Annual Appreciation
6.12%
Original Mortgage
$188,000
Outstanding Balance
$169,567
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$142,181
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
Saint Adam Property Mgt Llc $235,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saint Adam Property Mgt Llc $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $235,000 -3.3% $49 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $243,000 -- $51 / 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 $5,868 $249,500 $55,000 $194,500
2024 $5,669 $249,500 $55,000 $194,500
2023 $4,492 $249,500 $55,000 $194,500
2022 $5,266 $249,500 $55,000 $194,500
2021 $5,077 $249,500 $55,000 $194,500
2020 $4,970 $249,500 $55,000 $194,500
2019 $4,880 $249,500 $55,000 $194,500
2018 $4,802 $249,500 $55,000 $194,500
2017 $4,614 $249,500 $55,000 $194,500
2016 -- $249,500 $55,000 $194,500
2015 -- $249,500 $55,000 $194,500
2014 -- $249,500 $55,000 $194,500
Source: Public Records

Agents Affiliated with this Home

  • Edwin Tichenor

    Seller's Agent in 2020

    Edwin Tichenor

    Turn Key Realty Group

    (717) 585-2626

    3 in this area

    185 Total Sales

    Edwin Tichenor
    Section Image
  • Elizabeth Knouse Foote

    Buyer's Agent in 2020

    Elizabeth Knouse Foote

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 554-9394

    9 in this area

    179 Total Sales

    Elizabeth Knouse Foote
    Section Image
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Map

Source: Bright MLS

MLS Number: PACB124422

Bright MLS

APN: 16-23-0565-015

Pennsylvania Cumberland County Mechanicsburg 17055

47 W Main St, Mechanicsburg, PA

This home is located at 47 W Main St, Mechanicsburg, PA 17055 since 11 June 2020 and is currently estimated at $319,979, approximately $66 per square foot. This property was built in 1900. 47 W Main St is a home located in Cumberland County with nearby schools including Mechanicsburg Middle School, Mechanicsburg Area Senior High School, and West Shore Christian Academy.

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