NOT LISTED FOR SALE

482 E Main St Middletown, PA 17057

Estimated Value: $229,685 - $246,000

-- Bed
2 Baths
1,842 Sq Ft
$129/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $185,000 $100 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,597/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Property is in excellent condition
  • Paneling
  • Replacement Windows
  • Level Lot

About This Home

As of December 2021

Squeaky clean Middletown two unit located in a commercial district within walking distance to Giant Plaza and public transportation. Building meticulously maintain with two-bedroom apartment on main level and a one-bedroom apartment on second level. New floorings, thermal windows, fresh paint, and a very practical floor plan with has nice flow. First floor features a master suit, laundry, spacious eat-in kitchen with plenty of cabinets and counters, second bedroom with walk-in closet that can also serve as an in-home office, and open large living room with lots of natural light. Second floor one bedroom apartment with master suite, living room and kitchen. First floor has a private laundry room complete with washer and dryer. Both units have central air and are metered separately for electric. Rear parking lot with off street parking ample for 6 vehicles. Perfect rental property location, close to grocery store, conveniences, public transportation and only minutes from Harrisburg or Lancaster. Purchase as a rental property or live in one unit and rent the other. One of the nicest investment properties you have ever seen!

Last Agent to Sell the Property

Tim Clouser

RE/MAX Realty Select License #AB051801L Listed on: 11/09/2021

RE/MAX Realty Select

Last Buyer's Agent

Andrea Spigelmeyer

Coldwell Banker Realty License #RS174438L

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,818

Year Built

  • Built in 1940

Lot Details

  • 5,510 Sq Ft Lot
  • Level Lot
  • Property is in excellent condition

Home Design

  • Traditional Architecture
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 1,842 Sq Ft Home
  • Paneling
  • Replacement Windows
  • Vinyl Clad Windows
  • Unfinished Basement
  • Rear Basement Entry

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Lot

Schools

  • Robert G. Reid Elementary School
  • Middletown Area
  • Middletown Area High School

Utilities

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

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 42-040-007-000-0000

Community Details

Overview

  • 2 Units
  • 2-Story Building
  • Middletown Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $604
  • Operating Expense $2,700
  • Gross Income $7,140
  • Net Operating Income $12,894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,818

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-11-09
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Squeaky clean Middletown two unit located in a commercial district within walking distance to Giant Plaza and public transportation. Building meticulously maintain with two-bedroom apartment on main level and a one-bedroom apartment on second level. New floorings, thermal windows, fresh paint, and a very practical floor plan with has nice flow. First floor features a master suit, laundry, spacious eat-in kitchen with plenty of cabinets and counters, second bedroom with walk-in closet that can also serve as an in-home office, and open large living room with lots of natural light. Second floor one bedroom apartment with master suite, living room and kitchen. First floor has a private laundry room complete with washer and dryer. Both units have central air and are metered separately for electric. Rear parking lot with off street parking ample for 6 vehicles. Perfect rental property location, close to grocery store, conveniences, public transportation and only minutes from Harrisburg or Lancaster. Purchase as a rental property or live in one unit and rent the other. One of the nicest investment properties you have ever seen!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Dishwasher, Oven/Range - Electric, Washer, Dryer
  • Flooring Type: Carpet, Vinyl
  • Window Features: Replacement, Vinyl Clad
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Paneled Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished, Rear Entrance, Outside Entrance
  • Total Sq Ft: 1842
  • Living Area Sq Ft: 1842
  • Price Per Sq Ft: 97.67
  • Above Grade Finished Sq Ft: 1842
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 482

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Road Surface Type: Paved
  • Roof: Shingle, Asphalt, Fiberglass
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 6

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Broadband, Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: MIDDLETOWN AREA
  • Elementary School: ROBERT G. REID
  • Middle School: MIDDLETOWN AREA
  • High School: MIDDLETOWN AREA HIGH SCHOOL
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396875
  • School District Source: Listing Agent
  • Elementary School: ROBERT G. REID
  • High School: MIDDLETOWN AREA HIGH SCHOOL
  • Middle Or Junior School: MIDDLETOWN AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 55800.00
  • Land Assessed Value: 18200.00
  • Land Use Code: R03
  • Lot Features: Level, Road Frontage
  • Lot Size Acres: 0.13
  • Lot Dimensions: 127.8' x 41.66' x 134.6' x 42.2"
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5510.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: COMMERCIAL C-1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 21600.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10589285
  • School Tax: 1679.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2818.00
  • Assessor Parcel Number: 42-040-007-000-0000
  • Tax Total Finished Sq Ft: 1842
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/17/2021

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 20520.00
  • Gross Scheduled Income: 7140.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 2700.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: MIDDLETOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 17, 2021
Sold by
Grove David H and Henry Barbara G
Bought by
Drybred Matthew J
Seller's Agent
Tim Clouser
RE/MAX Realty Select
Buyer's Agent
Andrea Spigelmeyer
Coldwell Banker Realty
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Current Estimated Value
$236,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,921
Avg. Annual Appreciation
6.38%
Original Mortgage
$140,000
Outstanding Balance
$130,569
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$99,140
Source: Public Records

Range of Values:

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Average Value
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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
Drybred Matthew J $185,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drybred Matthew J $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $185,000 +2.8% $100 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $179,900 -- $98 / 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 $3,281 $74,000 $18,200 $55,800
2024 $3,102 $74,000 $18,200 $55,800
2023 $3,051 $74,000 $18,200 $55,800
2022 $2,940 $74,000 $18,200 $55,800
2021 $2,818 $74,000 $18,200 $55,800
2020 $2,753 $74,000 $18,200 $55,800
2019 $2,713 $74,000 $18,200 $55,800
2018 $2,565 $74,000 $18,200 $55,800
2017 $2,565 $74,000 $18,200 $55,800
2016 $0 $74,000 $18,200 $55,800
2015 -- $74,000 $18,200 $55,800
2014 -- $74,000 $18,200 $55,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADA2005102

Bright MLS

APN: 42-040-007