NOT LISTED FOR SALE

504 S Shippen St Lancaster, PA 17602

Mussertown Neighborhood

Estimated Value: $199,000 - $255,000

-- Bed
2 Baths
1,579 Sq Ft
$141/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $162,000 $103 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,495/month

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • Level Lot

About This Home

As of April 2023

Fantastic opportunity to grow equity with this 2 unit rental property! Long term tenants and excellent cash flow! The second floor unit is a 3 bedroom unit and is in good condition! The first floor unit is a one bedroom and could use cosmetic updating, for a great value add to the property! Fully occupied and ready to go at an excellent price! Seller is willing to provide some seller financing with an acceptable offer! Check it out today while it is still available!

Last Agent to Sell the Property

Jeffrey Zimmerman

Prime Home Real Estate, LLC License #AB069598 Listed on: 03/08/2023

Prime Home Real Estate, LLC

Last Buyer's Agent

Adam Hall

RE/MAX SmartHub Realty License #RS346280

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Composition Roof
  • Masonry

Interior Spaces

  • 1,579 Sq Ft Home
  • Partial Basement

Location

  • Urban Location

Utilities

  • Hot Water Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 337-39799-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-03-08
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to grow equity with this 2 unit rental property! Long term tenants and excellent cash flow! The second floor unit is a 3 bedroom unit and is in good condition! The first floor unit is a one bedroom and could use cosmetic updating, for a great value add to the property! Fully occupied and ready to go at an excellent price! Seller is willing to provide some seller financing with an acceptable offer! Check it out today while it is still available!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1579
  • Living Area Sq Ft: 1579
  • Price Per Sq Ft: 104.50
  • Above Grade Finished Sq Ft: 1579
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 504

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Exterior Features: Sidewalks
  • Roof: Composite, Shingle
  • Spa: No
  • 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: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Hot Water, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 68500.00
  • Land Assessed Value: 5700.00
  • Land Use Code: 114
  • Lot Features: Level
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4064453
  • School Tax: 1732.00
  • Tax Annual Amount: 2886.00
  • Assessor Parcel Number: 337-39799-0-0000
  • Tax Total Finished Sq Ft: 1579
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/05/2023

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
May 4, 2023
Sold by
Gfy Fund Xii Llc
Bought by
Gfy Fund Xii Llc
Seller's Agent
Jeffrey Zimmerman
Prime Home Real Estate, LLC
Buyer's Agent
Adam Hall
RE/MAX SmartHub Realty
List Price
$165,000
Sold Price
$162,000
Premium/Discount to List
-$3,000
-1.82%
Views
20
Current Estimated Value
$229,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,503
Avg. Annual Appreciation
10.98%
Original Mortgage
$121,500
Outstanding Balance
$118,524
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$89,062

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 5, 2023
Sold by
Stonehedge Holdings Llc
Bought by
Gfy Fund Xi
Seller's Agent
Jeffrey Zimmerman
Prime Home Real Estate, LLC
Buyer's Agent
Adam Hall
RE/MAX SmartHub Realty
List Price
$165,000
Sold Price
$162,000
Premium/Discount to List
-$3,000
-1.82%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Outstanding Balance
$118,524
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$89,062

Purchase Details

Closed on
Nov 5, 2021
Sold by
Esch Samuel S and Esch Emma Y
Bought by
Stonehedge Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 20, 2018
Sold by
King Jacob K
Bought by
Esch Samuel S and Esch Emma Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 16, 2018
Sold by
Sag Associates Llc
Bought by
King Jacob K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2013
Bought by
Sag Associates Llc

Purchase Details

Closed on
Nov 19, 2007
Sold by
Jagged Development Llc
Bought by
Emile Menes and Adelphin Marie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,448
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 2, 2005
Sold by
Redevelopment Authority City Lancaster
Bought by
Jagged Development Llc
Source: Public Records

Range of Values:

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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
Gfy Fund Xii Llc -- None Listed On Document
Gfy Fund Xi $162,000 --
Stonehedge Holdings Llc $130,000 None Available
Esch Samuel S $115,000 None Available
King Jacob K $77,000 None Available
Sag Associates Llc $46,500 --
Emile Menes $75,000 None Available
Jagged Development Llc $19,000 Title Insurance Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gfy Fund Xii Llc $121,500
Previous Owner Stonehedge Holdings Llc $95,000
Previous Owner Stonehedge Holdings Llc $30,000
Previous Owner Esch Samuel S $77,600
Previous Owner Esch Samuel S $34,400
Previous Owner King Jacob K $77,000
Previous Owner S A G Associates Llc $68,000
Previous Owner Emile Menes $11,448
Previous Owner Emile Menes $61,972
Previous Owner Jagged Development Llc $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $162,000 -1.8% $103 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $165,000 -- $104 / 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
2024 $2,936 $74,200 $5,700 $68,500
2023 $2,766 $74,200 $5,700 $68,500
2022 $2,766 $74,200 $5,700 $68,500
2021 $2,707 $74,200 $5,700 $68,500
2020 $2,707 $74,200 $5,700 $68,500
2019 $2,667 $74,200 $5,700 $68,500
2018 $1,582 $74,200 $5,700 $68,500
2017 $2,572 $56,000 $9,500 $46,500
2016 $3,254 $71,500 $9,500 $62,000
2015 $1,269 $71,500 $9,500 $62,000
2014 $2,626 $71,500 $9,500 $62,000
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Zimmerman

    Seller's Agent in 2023

    Jeffrey Zimmerman

    Prime Home Real Estate, LLC

    (717) 405-5748

    2 in this area

    375 Total Sales

    Section Image
  • Adam Hall

    Buyer's Agent in 2023

    Adam Hall

    RE/MAX

    (717) 799-6360

    1 in this area

    51 Total Sales

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Map

Source: Bright MLS

MLS Number: PALA2031468

Bright MLS

APN: 337-39799-0-0000

Pennsylvania Lancaster County Lancaster 17602 Mussertown

504 S Shippen St, Lancaster, PA

This home is located at 504 S Shippen St, Lancaster, PA 17602 since 08 March 2023 and is currently estimated at $222,631, approximately $140 per square foot. This property was built in 1890. 504 S Shippen St is a home located in Lancaster County with nearby schools including King Elementary School, Lincoln Middle School, and McCaskey High School.

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