NOT LISTED FOR SALE

505 E Walnut St Palmyra, PA 17078

Estimated Value: $406,000 - $471,000

-- Bed
3 Baths
2,242 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $391,000 $174 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,770/month

3 Days on Market

Highlights

  • Additional Residence on Property
  • Second Kitchen
  • Deck
  • Palmyra Area Senior High School Rated 9+
  • Second Garage
  • 3-minute walk to Heritage Park

About This Home

As of September 2024

RARE In-Law quarters detached 1 story home with garage included in addition to the main 1 story home. You could also use the 2nd home as a rental income unit estimated to be able to rent at $1200 per month. Main property was last rented at $1755 per month. Both homes exteriors are holland stone. Main home has 3 bedrooms 1 full bath and 2 half baths with hardwood floors, remodeled kitchen, oversized 2 car garage, covered patio, finished lower level that has the 3rd bedroom and half bath. 2nd home has wood laminate floors in main living area, open floorplan with 2 bedrooms, 1 full bath, 1 car garage, deck, and 2 mini splits. This is a lovely corner property in Palmyra Borough that has many possibilities. True one floor living in both homes.

Last Agent to Sell the Property

JEAN TAYLOR

(717) 926-3044 jtaylor@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS192565L Listed on: 08/23/2024

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Ryan Taylor

rtaylor@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS373355

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,359

Year Built

  • Built in 1964

Lot Details

  • 0.35 Acre Lot
  • Landscaped
  • Level Lot
  • Property is in very good condition

Parking

  • 3 Car Direct Access Garage
  • Second Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Double Hung Windows
  • Bay Window
  • Family Room Off Kitchen
  • Combination Kitchen and Dining Room
  • Partially Finished Basement
  • Crawl Space

Kitchen

  • Second Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Tenant House

Additional Homes

  • Additional Residence on Property

Schools

  • Palmyra Area Senior High School

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Summer or Winter Changeover Switch For Hot Water
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16-2292856-356956-0000

Community Details

Overview

  • 2 Units
  • 1-Story Building

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals
  • Insurance Expense $1,111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,359

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Washers, Driers, Refrigerators, ranges, dishwashers, microwaves.
  • New Construction: No
  • Expected On Market: 2024-08-23
  • Year Built: 1964
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Cedar Closet(s), Ceiling Fan(s), 2nd Kitchen, Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Island, Pantry, Bathroom - Tub Shower, Walk-In Closet(s), Wood Floors
  • Window Features: Bay/Bow, Double Hung
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Crawl Space
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 2482
  • Living Area Sq Ft: 2242
  • Price Per Sq Ft: 313.93
  • Above Grade Finished Sq Ft: 1242
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 240
  • Total Below Grade Sq Ft: 1240
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: 2nd House, 2nd Garage, Guest House, Tenant House
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Built In, Garage - Front Entry, Oversized, Inside Access, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split, Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: S/W Changeover, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent
  • High School: PALMYRA AREA SENIOR

Lot Info

  • Lot Features: Level, Landscaping, Road Frontage
  • Lot Size Acres: 0.35
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15246.00
  • Outdoor Living Structures: Patio(s), Deck(s), Roof
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL

Rental Info

  • Total Actual Rent: 29550.00
  • Vacation Rental: No

Tax Info

  • School Tax: 3650.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5359.00
  • Assessor Parcel Number: 16-2292856-356956-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 29550.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Sep 19, 2024
Sold by
Dellinger Wesley T and Dellinger Amy K
Bought by
Riggs Adam W and Riggs Barbara A
Seller's Agent
JEAN TAYLOR
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$389,900
Sold Price
$391,000
Premium/Discount to List
$1,100
0.28%
Views
111
Current Estimated Value
$427,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,673
Avg. Annual Appreciation
9.28%
Original Mortgage
$351,000
Outstanding Balance
$347,069
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$80,604

Purchase Details

Listed on
Jan 4, 2013
Closed on
Feb 23, 2013
Sold by
Manifold Properties Llc
Bought by
Dellinger Wesley T and Dellinger Amy K
Seller's Agent
Dave Rippon
Coldwell Banker Realty
Buyer's Agent
Amy Dellinger
Berkshire Hathaway HomeServices Homesale Realty
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$180,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2010
Sold by
The Bank Of New York
Bought by
Manifold Properties Llc

Purchase Details

Closed on
Jul 7, 2010
Sold by
Mills Lewis C J and Mills Lisa K
Bought by
The Bank Of New York
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
Riggs Adam W $391,000 None Listed On Document
Dellinger Wesley T $240,000 None Available
Manifold Properties Llc $95,000 None Available
The Bank Of New York $7,530 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riggs Adam W $351,000
Previous Owner Dellinger Wesley T $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $391,000 0.0% $174 / Sq Ft
09/30/2024 09/30/24 Sold $391,000 +0.3% $174 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/27/2024 08/27/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $389,900 0.0% $174 / Sq Ft
08/23/2024 08/23/24 For Sale $389,900 +62.5% $174 / Sq Ft
02/28/2013 02/28/13 Sold $240,000 -4.0% $98 / Sq Ft
01/11/2013 01/11/13 Pending -- -- --
01/04/2013 01/04/13 For Sale $249,900 -- $102 / 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 $6,021 $210,700 $38,400 $172,300
2024 $5,077 $201,100 $38,400 $162,700
2023 $5,077 $201,100 $38,400 $162,700
2022 $4,843 $201,100 $38,400 $162,700
2021 $4,502 $201,100 $38,400 $162,700
2020 $4,445 $201,100 $38,400 $162,700
2019 $5,346 $201,100 $38,400 $162,700
2018 $4,212 $201,100 $38,400 $162,700
2017 $1,247 $201,100 $38,400 $162,700
2016 $3,954 $201,100 $38,400 $162,700
2015 -- $201,100 $38,400 $162,700
2014 -- $201,100 $38,400 $162,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN2016326

Bright MLS

APN: 16-2292856-356956-0000