Seller's Agent in 2024
TANYA SUTCLIFFE
RE/MAX
(717) 208-4444
1 in this area
28 Total Sales
507 W Walnut St Lancaster, PA 17603
Chestnut Hill NeighborhoodEstimated Value: $351,000 - $388,000
--
Bed
2
Baths
2,070
Sq Ft
$181/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Doors swing in
- Traditional Architecture
- Porch
- Forced Air Heating System
About This Home
As of July 2024Welcome to 507 W Walnut Street, a beautifully renovated duplex nestled in the heart of Lancaster City. This property offers an exceptional opportunity for both investors and homeowners alike. Enjoy the benefits of modern living with recent renovations that enhance both units, ensuring a fresh and contemporary feel throughout. Thoughtfully designed to be low maintenance, giving you peace of mind and reducing upkeep costs. The first unit is home to a reliable long-term tenant who has just signed a new year-long lease, providing immediate and consistent rental income. The second unit, featuring 2 spacious bedrooms, is ready to rent right away. Move in new tenants and start generating income without delay. Just a stone's throw away from the bus and train stations, this location is perfect for tenants looking for easy access to transportation and the vibrant amenities of Lancaster City. Whether you're an investor seeking a profitable rental property or a homeowner looking to offset your mortgage with rental income, 507 W Walnut Street is the perfect choice. Don't miss out on this fantastic opportunity to own a piece of Lancaster City's thriving real estate market. Schedule your showing today and step into a promising future with this amazing duplex!
Last Agent to Sell the Property
(717) 208-4444 tanya@tanyasutcliffe.com RE/MAX SmartHub Realty License #RS337338 Listed on: 06/29/2024
Last Buyer's Agent
(717) 475-5047 eshbachlaura@gmail.com Howard Hanna Real Estate Services - Lancaster License #RS356644
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,137
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Permanent Foundation
- Stone Foundation
- Poured Concrete
- Plaster Walls
- Masonry
Interior Spaces
- 2,070 Sq Ft Home
- Wood Flooring
Laundry
- Electric Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Rear Basement Entry
- Dirt Floor
Outdoor Features
- Deck
- Rain Gutters
- Porch
Schools
- Mccaskey High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 100 Amp Service
- Natural Gas Water Heater
- Municipal Trash
Additional Features
- Doors swing in
- Urban Location
Listing and Financial Details
- The owner pays for lawn/shrub care, insurance, sewer, snow removal, water, trash collection, real estate taxes, electricity, gas
- Assessor Parcel Number 339-03160-0-0000
Community Details
Overview
- 2 Units
- Chestnut Hill Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Net Operating Income $11,972
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2024
Closed on
Jul 11, 2024
Sold by
Shenk Ryan D and Shenk Kelly L
Bought by
Reuter Nicholas George
Seller's Agent
TANYA SUTCLIFFE
RE/MAX SmartHub Realty
Buyer's Agent
Laura Eshbach
Howard Hanna Real Estate Services - Lancaster
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,283
Avg. Annual Appreciation
8.19%
Purchase Details
Listed on
Jun 6, 2016
Closed on
Oct 5, 2016
Sold by
Stallings Thomas M
Bought by
Shenk Ryan D and Shenk Kelly L
Seller's Agent
Andy Esbenshade
Berkshire Hathaway HomeServices Homesale Realty
List Price
$162,900
Sold Price
$155,000
Premium/Discount to List
-$7,900
-4.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%
Original Mortgage
$116,250
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 6, 2007
Sold by
Pottberg Glenn R and Pottberg Elaine
Bought by
Stallings Thomas M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
1.4%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reuter Nicholas George | $340,000 | Regal Abstract | |
| Shenk Ryan D | $155,000 | None Available | |
| Stallings Thomas M | $135,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shenk Ryan D | $116,250 | |
| Previous Owner | Stallings Thomas M | $108,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $340,000 | -2.9% | $164 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/29/2024 06/29/24 | For Sale | $350,000 | +125.8% | $169 / Sq Ft |
| 10/06/2016 10/06/16 | Sold | $155,000 | -4.8% | $75 / Sq Ft |
| 08/07/2016 08/07/16 | Pending | -- | -- | -- |
| 06/06/2016 06/06/16 | For Sale | $162,900 | -- | $79 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,137 | $155,100 | $39,600 | $115,500 |
| 2024 | $6,137 | $155,100 | $39,600 | $115,500 |
| 2023 | $6,034 | $155,100 | $39,600 | $115,500 |
| 2022 | $5,783 | $155,100 | $39,600 | $115,500 |
| 2021 | $5,659 | $155,100 | $39,600 | $115,500 |
| 2020 | $5,659 | $155,100 | $39,600 | $115,500 |
| 2019 | $5,574 | $155,100 | $39,600 | $115,500 |
| 2018 | $3,308 | $155,100 | $39,600 | $115,500 |
| 2017 | $4,469 | $97,300 | $22,400 | $74,900 |
| 2016 | $4,428 | $97,300 | $22,400 | $74,900 |
| 2015 | $1,728 | $97,300 | $22,400 | $74,900 |
| 2014 | $3,865 | $97,300 | $22,400 | $74,900 |
Source: Public Records
Agents Affiliated with this Home
-
TANYA SUTCLIFFE
-
Laura Eshbach
Buyer's Agent in 2024
Laura Eshbach
Howard Hanna
(717) 475-5047
3 in this area
91 Total Sales
-
Andy Esbenshade
Seller's Agent in 2016
Andy Esbenshade
Berkshire Hathaway HomeServices Homesale Realty
(717) 286-9299
21 in this area
123 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2052974
APN: 339-03160-0-0000
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