NOT LISTED FOR SALE

514 Gristmill Rd Ephrata, PA 17522

Estimated Value: $329,000 - $424,000

-- Bed
2 Baths
2,736 Sq Ft
$141/Sq Ft Est. Value

Last Sold April 22, 2019

Last sale price $179,000 $65 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,366/month

9 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Replacement Windows
  • No HOA
  • Electric Baseboard Heater
  • Dwelling with Separate Living Area

About This Home

As of April 2019

Great income producing 2 unit in the heart of Martindale! Beautiful redone interior! Live in one and rent the other. Tenants pay everything but taxes and insurance.

Last Agent to Sell the Property

Jake Fisher

(717) 587-2481 jake@hostetterrealty.com Hostetter Realty License #RS325195 Listed on: 03/14/2019

Co-Listed By

Kore Fisher

(717) 786-6200 korefisher@gmail.com Fisher Realty

Last Buyer's Agent

Gideon Fisher

(941) 979-1329 Gideonfisher@kw.com Keller Williams Elite

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,832

Year Built

  • Built in 1860

Lot Details

  • 0.51 Acre Lot
  • No Through Street
  • Cleared Lot
  • Back Yard
  • Property is in good condition

Home Design

  • Duplex
  • Stone Foundation
  • Asphalt Roof
  • Metal Roof
  • Stone Siding
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,736 Sq Ft Home
  • Replacement Windows
  • Insulated Windows
  • Insulated Doors
  • Partial Basement
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Storage Shed
  • Outbuilding
  • Porch

Additional Homes

  • Dwelling with Separate Living Area

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • 100 Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 190-00826-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • Rent Control
  • Income includes apartment rentals
  • Insurance Expense $1,100
  • Other Expense $3,789
  • Gross Income $22,260
  • Net Operating Income $17,371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,832

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Dwelling W/Separate Living Area
  • Ownership: Fee Simple
  • Exclusions: All tenant property
  • Inclusions: All stoves & refrigerators
  • New Construction: No
  • Other Expense: 3789.00
  • Year Built: 1860
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Carpet, Wood
  • Window Features: Insulated, Replacement
  • Fireplace: No
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2736
  • Living Area Sq Ft: 2736
  • Price Per Sq Ft: 65.42
  • Above Grade Finished Sq Ft: 2736
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding, Stone, Asphalt, Concrete
  • Exterior Features: Outbuilding(s), Sidewalks
  • Road Surface Type: Paved
  • Roof: Asphalt, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 6
  • Parking Features: General Common Elements
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: On Site Septic
  • Utilities: Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 167700.00
  • Land Assessed Value: 65100.00
  • Lot Features: Cleared, No Thru Street, Rear Yard
  • Lot Size Acres: 0.51
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22216.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: None
  • Rent Control: Yes
  • Total Actual Rent: 22260.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4008382
  • School Tax: 2927.00
  • Tax Annual Amount: 3832.00
  • Assessor Parcel Number: 190-00826-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Gross Income: 22260.00
  • Gross Scheduled Income: 22260.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: EASTERN LANCASTER COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 22, 2019
Sold by
Esh Daniel K and Esh Mary Ann
Bought by
Stoltzfus Brock C and Stoltzfus Sarah
Seller's Agent
Jake Fisher
Hostetter Realty
Buyer's Agent
Gideon Fisher
Keller Williams Elite
List Price
$179,000
Sold Price
$179,000
Current Estimated Value
$386,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,569
Avg. Annual Appreciation
12.31%
Original Mortgage
$161,100
Outstanding Balance
$141,921
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$244,648

Purchase Details

Listed on
Dec 17, 2014
Closed on
Feb 13, 2015
Sold by
Esch Samuel M
Bought by
Esh Daniel K and Esh Mary Ann
Seller's Agent
Curvin Horning
Kingsway Realty - Ephrata
Buyer's Agent
David Yoder
Realty ONE Group Unlimited
List Price
$159,700
Sold Price
$152,000
Premium/Discount to List
-$7,700
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.03%

Purchase Details

Closed on
Jul 12, 2011
Sold by
Esch Sylvan M and Esch Annie S
Bought by
Esch Samuel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 14, 2005
Sold by
Martin Irene L and Martin Noah L
Bought by
Esch Sylvan M and Esch Annie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.78%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stoltzfus Brock C $179,000 Regal Abstract Lancaster
Esh Daniel K $152,000 None Available
Esch Samuel M -- None Available
Esch Sylvan M $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stoltzfus Brock C $161,100
Previous Owner Esch Samuel M $120,000
Previous Owner Esch Sylvan M $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2019 04/22/19 Sold $179,000 0.0% $65 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $179,000 +17.8% $65 / Sq Ft
03/02/2015 03/02/15 Sold $152,000 -4.8% $56 / Sq Ft View Prior Sale
01/02/2015 01/02/15 Pending -- -- --
12/17/2014 12/17/14 For Sale $159,700 -- $58 / 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 $4,001 $232,800 $65,100 $167,700
2024 $4,001 $232,800 $65,100 $167,700
2023 $3,941 $232,800 $65,100 $167,700
2022 $3,897 $232,800 $65,100 $167,700
2021 $3,832 $232,800 $65,100 $167,700
2020 $3,832 $232,800 $65,100 $167,700
2019 $3,789 $232,800 $65,100 $167,700
2018 $5,767 $232,800 $65,100 $167,700
2017 $2,741 $136,900 $27,200 $109,700
2016 $2,741 $136,900 $27,200 $109,700
2015 $682 $136,900 $27,200 $109,700
2014 $1,973 $136,900 $27,200 $109,700
Source: Public Records

Agents Affiliated with this Home

  • Jake Fisher

    Seller's Agent in 2019

    Jake Fisher

    Hostetter Realty

    (717) 587-2481

    1 in this area

    208 Total Sales

    Jake Fisher
    Section Image

  • K

    Seller Co-Listing Agent in 2019

    Kore Fisher

    Fisher Realty

    (717) 786-6200

    1 in this area

    170 Total Sales

    Kore Fisher
    Section Image
  • Gideon Fisher

    Buyer's Agent in 2019

    Gideon Fisher

    Keller Williams Elite

    (941) 979-1329

    67 Total Sales

    Gideon Fisher
    Section Image

  • C

    Seller's Agent in 2015

    Curvin Horning

    Kingsway Realty - Ephrata

    (717) 606-2226

    14 in this area

    350 Total Sales

    Curvin Horning
    Section Image
  • David Yoder

    Buyer's Agent in 2015

    David Yoder

    Realty ONE Group Unlimited

    (717) 898-3883

    12 Total Sales

    David Yoder
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA124124

Bright MLS

APN: 190-00826-0-0000

Pennsylvania Lancaster County Ephrata 17522

514 Gristmill Rd, Ephrata, PA

Not Listed for Sale

MultiFamily

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