NOT LISTED FOR SALE

508 Woodward St Lancaster, PA 17602

Churchtowne Neighborhood

Estimated Value: $132,231 - $190,000

-- Bed
1 Bath
1,043 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $115,000 $110 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $981/month

57 Days on Market

Highlights

  • 0.09 Acre Lot
  • Parking Storage or Cabinetry
  • Forced Air Heating System
  • No HOA

About This Home

As of January 2017

SELLER FINANCING AVAILABLE, Income producing 19% Cap Rate, 2 separately deeded properties, tenants pay all utilities, Deed Ref. #6205443 (508 1/2 Woodward and Deed Ref. #6193287 (510 & 510 1/2 Woodward) Total of 3 Apartments and 4 garages; the 4 garages are deeded with 508 1/2 Woodward St. Seller willing to sell the homes together or separately. See MLS #257040

Last Buyer's Agent

Thomas Newton

Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,543

Year Built

  • Built in 1890

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Attic

  • Storage In Attic

Parking

  • Garage
  • Parking Storage or Cabinetry
  • On-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for heat, hot water, sewer, trash removal, electricity
  • Assessor Parcel Number 3374107500000

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Other Expense $150
  • Operating Expense $1,350
  • Net Operating Income $27,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,543

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • New Construction: No
  • Other Expense: 150.00
  • Storage: Attic, Garage
  • Year Built: 1890
  • Remarks Public: SELLER FINANCING AVAILABLE, Income producing 19% Cap Rate, 2 separately deeded properties, tenants pay all utilities, Deed Ref. #6205443 (508 1/2 Woodward and Deed Ref. #6193287 (510 & 510 1/2 Woodward) Total of 3 Apartments and 4 garages; the 4 garages are deeded with 508 1/2 Woodward St. Seller willing to sell the homes together or separately. See MLS #257040
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Unfinished
  • Street Number Modifier: 508.5

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite, Shingle, Rubber
  • 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
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.09
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family,Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Sewer, Trash Removal, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4064489
  • School Tax: 940.97
  • Tax Annual Amount: 1542.87
  • Assessor Parcel Number: 3374107500000
  • County Tax Payment Frequency: Annually
  • Close Date: 01/31/2017

Multi Family

  • Gross Income: 30480.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 1350.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2014
Sold by
Rivera Marily
Bought by
Stone Quarry Investments Llc
Current Estimated Value
$158,308
Source: Public Records

Range of Values:

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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
Stone Quarry Investments Llc $28,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Quarry Investments Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $115,000 -7.9% $110 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $124,900 -- $120 / 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 $1,385 $35,000 $5,900 $29,100
2023 $1,362 $35,000 $5,900 $29,100
2022 $1,305 $35,000 $5,900 $29,100
2021 $1,277 $35,000 $5,900 $29,100
2020 $1,277 $35,000 $5,900 $29,100
2019 $1,258 $35,000 $5,900 $29,100
2018 $746 $35,000 $5,900 $29,100
2017 $1,654 $36,000 $6,100 $29,900
2016 $1,638 $36,000 $6,100 $29,900
2015 $639 $36,000 $6,100 $29,900
2014 $1,430 $36,000 $6,100 $29,900
Source: Public Records

Agents Affiliated with this Home

  • Thomas Newton

    Buyer's Agent in 2017

    Thomas Newton

    Berkshire Hathaway HomeServices Homesale Realty

    (717) 330-6370

    61 Total Sales

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Map

Source: Bright MLS

MLS Number: 1002739541

Bright MLS

APN: 337-41986-0-0000

Pennsylvania Lancaster County Lancaster 17602 Churchtowne

508 Woodward St, Lancaster, PA

This home is located at 508 Woodward St, Lancaster, PA 17602 since 05 October 2016 and is currently estimated at $158,308, approximately $151 per square foot. This property was built in 1890. 508 Woodward St is a home located in Lancaster County with nearby schools including King Elementary School, Jackson Middle School, and McCaskey High School.

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