$277,000
SOLD JAN 3, 2025

501 W Simpson St Mechanicsburg, PA 17055

-- Bed
-- Bath
2,457 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

15% Below List Price

37 Days on Market

Highlights

  • City View
  • Wood Flooring
  • 2 Car Detached Garage
  • Mechanicsburg Area Senior High School Rated A-
  • Corner Lot
  • Porch

About This Home

As of January 2025

Great Opportunity in Mechanicsburg! Charming 2 Unit Duplex located just down the street from Broad Street Elementary School & Mechanicsburg High School. Both units feature 3 bedrooms and 1 full bathroom. Income/Expenses based on 2023. Rents for 2024 have increased to $1100/Month (501) & $975/Month (503). Both units on month-to-month leases. Excellent location close to downtown Mechanicsburg , schools and area attractions.

Last Agent to Sell the Property

Spencer Nauman

(561) 301-2196 snauman@rsrrealtors.com RSR, REALTORS, LLC Listed on: 08/28/2024

Last Buyer's Agent

Mr. Hasta B Pradhan

(704) 307-1762 hasta.pradhan@onest.realestate Onest Real Estate License #RS367207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,829

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Alley Access
  • Rear-Facing Garage
  • On-Street Parking

Property Views

  • City
  • Garden

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Fiberglass Roof

Interior Spaces

  • 2,457 Sq Ft Home
  • Wood Flooring
  • Basement
  • Side Basement Entry

Schools

  • Broad Street Elementary School
  • Mechanicsburg Middle School
  • Mechanicsburg Area High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • 60+ Gallon Tank
  • Municipal Trash
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Porch

Listing and Financial Details

  • Assessor Parcel Number 20-24-0785-084

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $627
  • Maintenance Expense $2,044
  • Trash Expense $1,801
  • Operating Expense $3,803
  • Net Operating Income $14,791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,829

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-08-28
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Side Entrance
  • Total Sq Ft: 2457
  • Living Area Sq Ft: 2457
  • Price Per Sq Ft: 122.10
  • Above Grade Finished Sq Ft: 2457
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick, Frame
  • Exterior Features: Sidewalks
  • Roof: Shingle, Fiberglass
  • View: City, Garden/Lawn
  • 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: Alley, Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Water Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • Elementary School: BROAD STREET
  • High School: MECHANICSBURG AREA
  • Middle Or Junior School: MECHANICSBURG

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Zoning: 102 RESIDENTIAL 2 FAMILY

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: None
  • Rent Control: No
  • Total Actual Rent: 23065.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 2685.00
  • Tax Annual Amount: 3829.00
  • Assessor Parcel Number: 20-24-0785-084
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 23065.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 3802.66
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Jan 2, 2025
Sold by
501 West Simpson Llc
Bought by
Pradhan Susanna
Seller's Agent
Spencer Nauman
RSR, REALTORS, LLC
Buyer's Agent
Mr. Hasta B Pradhan
Onest Real Estate
List Price
$325,000
Sold Price
$277,000
Premium/Discount to List
-$48,000
-14.77%
Views
93
Current Estimated Value
$290,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,352
Avg. Annual Appreciation
5.91%
Original Mortgage
$221,600
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2010
Sold by
Gibney Robert J
Bought by
501 West Simpson Llc

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
5.11%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $277,000 None Listed On Document
Warranty Deed $168,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $221,600 New Conventional
Previous Owner $134,400 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2025 01/03/25 Sold $277,000 -7.7% $113 / Sq Ft
10/05/2024 10/05/24 Pending -- -- --
09/26/2024 09/26/24 Price Changed $300,000 -7.7% $122 / Sq Ft
08/28/2024 08/28/24 For Sale $325,000 -- $132 / 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 $4,022 $171,000 $38,000 $133,000
2024 $3,886 $171,000 $38,000 $133,000
2023 $3,078 $171,000 $38,000 $133,000
2022 $3,609 $171,000 $38,000 $133,000
2021 $3,479 $171,000 $38,000 $133,000
2020 $3,407 $171,000 $38,000 $133,000
2019 $3,345 $171,000 $38,000 $133,000
2018 $3,291 $171,000 $38,000 $133,000
2017 $3,162 $171,000 $38,000 $133,000
2016 -- $171,000 $38,000 $133,000
2015 -- $171,000 $38,000 $133,000
2014 -- $171,000 $38,000 $133,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB2034232

Bright MLS

APN: 20-24-0785-084