NOT LISTED FOR SALE

507 S Lime St Lancaster, PA 17602

Mussertown Neighborhood

Estimated Value: $187,173 - $220,000

-- Bed
2 Baths
1,948 Sq Ft
$106/Sq Ft Est. Value

Last Sold March 14, 2023

Last sale price $185,000 $95 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,316/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Electric Baseboard Heater

About This Home

As of March 2023

Great investment opportunity in Lancaster City. Unit #1 (Occupied- Rent $950 Month) 1 bedroom offers 1st floor living with private entrance, recently updated windows, flooring, kitchen & bathroom. Unit #2 (Vacant-Projected Rent $1,200 Month) 3 bedroom offers spacious floor plan in need of paint and potential renovations. Separate utilities for both apartments. Owner currently pays water, sewer and trash. Perfect opportunity for investor to add to their rental portfolio or home owner to live in one unit and rent the other unit out. Owner is selling property "As-Is". President of City Limits Foundation is a PA Licensed Real Estate Broker. 24 Hour notice required for showings. Owner will review all offers Wednesday 3/1/23. All offers must be submitted by Wednesday 3/1/23 at 1PM Eastern Standard Time.

Last Agent to Sell the Property

Ryan Gearhart

RKG Real Estate, LLC License #RB069352 Listed on: 02/21/2023

Last Buyer's Agent

Anna Kauffman

Heroes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1888

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,948 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Masonry

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 2 Units
  • 1 Vacant Unit

Listing and Financial Details

  • The owner pays for sewer, water, trash collection
  • Assessor Parcel Number 337-05907-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1888
  • Automatically Close On Close Date: No
  • Remarks Public: Great investment opportunity in Lancaster City. Unit #1 (Occupied- Rent $950 Month) 1 bedroom offers 1st floor living with private entrance, recently updated windows, flooring, kitchen & bathroom. Unit #2 (Vacant-Projected Rent $1,200 Month) 3 bedroom offers spacious floor plan in need of paint and potential renovations. Separate utilities for both apartments. Owner currently pays water, sewer and trash. Perfect opportunity for investor to add to their rental portfolio or home owner to live in one unit and rent the other unit out. Owner is selling property "As-Is". President of City Limits Foundation is a PA Licensed Real Estate Broker. 24 Hour notice required for showings. Owner will review all offers Wednesday 3/1/23. All offers must be submitted by Wednesday 3/1/23 at 1PM Eastern Standard Time.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1948
  • Living Area Sq Ft: 1948
  • Price Per Sq Ft: 92.35
  • Above Grade Finished Sq Ft: 1948
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • 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
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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: 50800.00
  • Land Assessed Value: 6500.00
  • Land Use Code: 114
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Sewer, Water, Trash Collection
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4063487
  • School Tax: 1338.00
  • Tax Annual Amount: 2229.00
  • Assessor Parcel Number: 337-05907-0-0000
  • Tax Total Finished Sq Ft: 1948
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/14/2023

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
Mar 9, 2023
Sold by
City Limits Foundation
Bought by
Fisher Ervin J
Seller's Agent
Ryan Gearhart
RKG Real Estate, LLC
Buyer's Agent
Anna Kauffman
Heroes Real Estate
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Total Days on Market
8
Views
87
Current Estimated Value
$205,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,552
Avg. Annual Appreciation
3.29%

Purchase Details

Closed on
Sep 28, 2022
Sold by
Gary Neff J
Bought by
City Limits Foundation

Purchase Details

Closed on
Jun 25, 2001
Sold by
Gard Eric A and Gard Jean M
Bought by
Neff J Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fisher Ervin J $185,000 --
City Limits Foundation -- --
Neff J Gary $23,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neff J Gary $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2023 03/14/23 Sold $185,000 0.0% $95 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
03/01/2023 03/01/23 Off Market $185,000 -- --
02/21/2023 02/21/23 For Sale $179,900 -- $92 / 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 $2,291 $57,300 $6,500 $50,800
2024 $2,267 $57,300 $6,500 $50,800
2023 $2,229 $57,300 $6,500 $50,800
2022 $2,136 $57,300 $6,500 $50,800
2021 $2,091 $57,300 $6,500 $50,800
2020 $2,091 $57,300 $6,500 $50,800
2019 $2,059 $57,300 $6,500 $50,800
2018 $1,222 $57,300 $6,500 $50,800
2017 $2,260 $49,200 $10,900 $38,300
2016 $2,239 $49,200 $10,900 $38,300
2015 $874 $49,200 $10,900 $38,300
2014 $1,954 $49,200 $10,900 $38,300
Source: Public Records

Agents Affiliated with this Home

  • Ryan Gearhart

    Seller's Agent in 2023

    Ryan Gearhart

    RKG Real Estate, LLC

    (717) 468-1144

    5 in this area

    38 Total Sales

    Section Image
  • Anna Kauffman

    Buyer's Agent in 2023

    Anna Kauffman

    Heroes Real Estate

    (717) 615-0182

    1 in this area

    14 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA2030480

Bright MLS

APN: 337-05907-0-0000

Pennsylvania Lancaster County Lancaster 17602 Mussertown

507 S Lime St, Lancaster, PA

This home is located at 507 S Lime St, Lancaster, PA 17602 since 21 February 2023 and is currently estimated at $205,543, approximately $105 per square foot. This property was built in 1888. 507 S Lime St is a home located in Lancaster County with nearby schools including King Elementary School, Jackson Middle School, and McCaskey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes