NOT LISTED FOR SALE

501 E Cherry St Palmyra, PA 17078

Estimated Value: $369,000 - $485,000

4 Beds
4 Baths
3,589 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 26, 2019

Last sale price $285,000 $79 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,678/month

7 Days on Market

Highlights

  • Curved or Spiral Staircase
  • Traditional Floor Plan
  • Tudor Architecture
  • Palmyra Area Senior High School Rated A-
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of June 2019

Welcome to this one-of-a-kind property in the borough of Palmyra. This home was flipped from basement to roof just 2 years ago. With old-world charm on the outside to new and modern amenities inside, you will not be disappointed. The unique exterior features a large front porch for enjoying warm evenings, a flat back yard with great potential, and a turret entrance leading into a beautiful entry way with curved staircase and wrought iron railing. This home located on a corner lot, sits on a quiet street and is within walking distance of a park, restaurants and shopping. Inside you will find hard wood floors throughout the first and second floors, a living room with decorative wood beams and wood burning fireplace, updated kitchen with soft-close drawers, granite countertops, and stainless-steel appliances, office that could be used as a 5th bedroom with built-ins and two closets. Upstairs you will find four bedrooms, the master with his and hers closets and full bathroom. The basement is finished with a second fireplace for entertaining and ample storage and workbench. Do not miss out on seeing this gorgeous, well-maintained property.

Last Agent to Sell the Property

MEGAN GRASSO

(717) 512-7397 mgrasso@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS330035 Listed on: 05/10/2019

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Melody Kiene

(717) 269-8864 melodykiene@gmail.com Iron Valley Real Estate License #RS207279l

Iron Valley Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,120

Year Built

  • Built in 1950 | Remodeled in 2017

Lot Details

  • 0.32 Acre Lot
  • South Facing Home
  • Vinyl Fence
  • Corner Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Tudor Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Plaster Walls
  • Unfinished Walls
  • Block Wall
  • Frame Construction
  • Blown-In Insulation
  • Architectural Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Curved or Spiral Staircase
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Double Pane Windows
  • Replacement Windows
  • Casement Windows
  • Window Screens
  • Insulated Doors
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Laminate
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Workshop

Schools

  • Palmyra Area Middle School
  • Palmyra Area High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Palmyra Borough Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16-2292266-357872-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,120

Year Built

Built in 1950 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Tudor
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Stainless steel stove, refrigerator, dishwasher
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2019-05-10
  • Federal Flood Zone: No
  • Year Built: 1950
  • Year Renovated: 2017
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
  • Flooring Type: Carpet, Concrete, Hardwood, Laminated, Partially Carpeted, Vinyl
  • Interior Amenities: Built-Ins, Carpet, Ceiling Fan(s), Crown Moldings, Curved Staircase, Floor Plan - Traditional, Primary Bath(s), Pantry, Recessed Lighting, Upgraded Countertops, Wood Floors
  • Window Features: Double Pane, Casement, Replacement, Screens
  • Fireplace Features: Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Insulated, Storm
  • Wall Ceiling Types: Dry Wall, Block Walls, Unfinished Walls, Masonry, Plaster Walls
  • Foundation Details: Block, Slab
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Laundry, Office, Bathroom 1, Primary Bathroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished, Heated, Interior Access, Outside Entrance, Rear Entrance, Walkout Stairs, Workshop
  • Laundry Type: Main Floor
  • Total Sq Ft: 3589
  • Living Area Sq Ft: 3589
  • Price Per Sq Ft: 97.77
  • Above Grade Finished Sq Ft: 2915
  • Below Grade Finished Sq Ft: 674
  • Total Below Grade Sq Ft: 674
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Block, Blown-In Insulation, Concrete, Frame, Mixed Plumbing, Stick Built, Vinyl Siding
  • Roof: Architectural Shingle, Composite
  • 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

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: PALMYRA AREA
  • Middle Or Junior School: PALMYRA AREA

Lot Info

  • Fencing: Vinyl
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2863.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4120.00
  • Assessor Parcel Number: 16-2292266-357872-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2019
Closed on
Jun 10, 2019
Sold by
Shaffer Michael A and Shaffer Erin L
Bought by
Saner Henry K and Saner Jana M
Seller's Agent
MEGAN GRASSO
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Melody Kiene
Iron Valley Real Estate
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$427,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,144
Avg. Annual Appreciation
6.37%
Original Mortgage
$232,450
Outstanding Balance
$203,547
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$223,597

Purchase Details

Closed on
Nov 30, 2017
Sold by
Horst & Williams Llc
Bought by
Shaffer Michael A and Shaffer Erin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,489
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2017
Sold by
Hosrt Williams Llc
Bought by
Deutsche Abnk Natinal Trust Comapny

Purchase Details

Closed on
Jun 24, 2005
Sold by
Hoffman Ralph E and Hoffman Janet
Bought by
Lancaster Karen O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
8.3%
Mortgage Type
Assumption
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
Saner Henry K $285,000 Homesale Settlement Services
Shaffer Michael A $249,000 None Available
Deutsche Abnk Natinal Trust Comapny $114,000 None Available
Lancaster Karen O $168,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saner Henry K $232,450
Previous Owner Shaffer Michael A $244,489
Previous Owner Lancaster Karen O $134,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2019 06/26/19 Sold $285,000 0.0% $79 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $285,000 -- $79 / 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 $5,327 $186,400 $36,800 $149,600
2024 $4,706 $186,400 $36,800 $149,600
2023 $4,706 $186,400 $36,800 $149,600
2022 $4,489 $186,400 $36,800 $149,600
2021 $4,173 $186,400 $36,800 $149,600
2020 $4,120 $186,400 $36,800 $149,600
2019 $4,031 $186,400 $36,800 $149,600
2018 $3,904 $186,400 $36,800 $149,600
2017 $1,156 $186,400 $36,800 $149,600
2016 $3,665 $186,400 $36,800 $149,600
2015 -- $186,400 $36,800 $149,600
2014 -- $186,400 $36,800 $149,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN106798

Bright MLS

APN: 16-2292266-357872-0000