NOT LISTED FOR SALE

Estimated Value: $199,000 - $414,909

-- Bed
4 Baths
6,500 Sq Ft
$49/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $370,000 $57 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,213/month

568 Days on Market

Highlights

  • 0.31 Acre Lot
  • No HOA
  • Parking Storage or Cabinetry
  • Wood Flooring
  • Double Pane Windows
  • 5-minute walk to Reservior Park

About This Home

As of May 2019

Taxes are for 518 & 520 E King StThere are 3 units in #5183 more units in #520 and 1 apt plus 3 garages 519 E Mifflin St.Total l0 units

Last Agent to Sell the Property

David Stull

Investors Choice Real Estate License #RB022195L Listed on: 06/29/2017

Last Buyer's Agent

Joel Leaman

Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 36x 250
  • Property is in good condition

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 6,500 Sq Ft Home
  • Double Pane Windows
  • Insulated Windows

Kitchen

  • Gas Oven or Range
  • Range Hood

Flooring

  • Wood
  • Partially Carpeted
  • Laminate
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 14 Car Garage
  • Parking Storage or Cabinetry
  • On-Street Parking
  • Off-Street Parking

Schools

  • James Buchanan Elementary School
  • Mccaskey East Middle School
  • Mccaskey Campus High School

Utilities

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

Additional Features

  • Doors are 32 inches wide or more
  • Urban Location

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • The owner pays for accounting/legal, heat, insurance, lawn/shrub care, pest control, repairs, sewer, snow removal, supplies, real estate taxes, water
  • Assessor Parcel Number 3371297500000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $639
  • Fuel Expense $1,435
  • Insurance Expense $1,440
  • Maintenance Expense $4,690
  • Operating Expense $6,829
  • Net Operating Income $37,443

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • Accessibility Features: 32"+ Wide Doors
  • New Construction: No
  • Storage: Garage
  • Year Built: 1900
  • Remarks Public: Taxes are for 518 & 520 E King StThere are 3 units in #5183 more units in #520 and 1 apt plus 3 garages 519 E Mifflin St.Total l0 units
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas, Range Hood, Refrigerator
  • Flooring Type: Hardwood, Laminated, Partially Carpeted, Vinyl
  • Window Features: Double Pane, Insulated
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Unfinished, Walkout Level
  • Total Sq Ft: 6500
  • Living Area Sq Ft: 6500
  • Price Per Sq Ft: 63.08
  • Above Grade Finished Sq Ft: 6500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 518-520

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • Roof: Unknown
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 14.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 639.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2965.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • Elementary School: JAMES BUCHANAN
  • Middle School: MCCASKEY EAST
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • Elementary School: JAMES BUCHANAN
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: MCCASKEY EAST

Lot Info

  • Land Use Code: R-113
  • Lot Size Acres: 0.31
  • Lot Dimensions: 36x 250
  • Property Condition: Good
  • Year Assessed: 2018
  • Zoning: R-4 RES.H.D.
  • Zoning Description: Commercial,Res/Multi-Family

Rental Info

  • Existing Lease Type: Long Term, Month To Month, Net, Yearly
  • Owner Pays: Accounting/Legal, Heat, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Snow Removal, Supplies, Taxes - Real Estate, Water
  • Tenant Pays: Heat, Hot Water, Electricity
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4063549
  • School Tax: 3092.00
  • Tax Annual Amount: 13376.00
  • Assessor Parcel Number: 3371297500000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 05/07/2019

Multi Family

  • Fuel Expense: 1435.00
  • Gross Income: 59820.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6829.00
  • 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

Listed on
Jun 29, 2017
Closed on
May 3, 2019
Sold by
Catanzaro Joseph B and Catanzaro Francesca
Bought by
King Street 500 Llc
Seller's Agent
David Stull
Investors Choice Real Estate
Buyer's Agent
Joel Leaman
Berkshire Hathaway HomeServices Homesale Realty
List Price
$410,000
Sold Price
$370,000
Premium/Discount to List
-$40,000
-9.76%
Current Estimated Value
$318,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,523
Avg. Annual Appreciation
-0.71%
Original Mortgage
$760,000
Outstanding Balance
$675,206
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$321,539
Source: Public Records

Range of Values:

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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
King Street 500 Llc $950,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Street 500 Llc $760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2019 05/07/19 Sold $370,000 -9.8% $57 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $410,000 +10.8% $63 / Sq Ft
12/31/2018 12/31/18 Off Market $370,000 -- --
06/29/2017 06/29/17 For Sale $410,000 -- $63 / 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 $5,738 $145,000 $20,800 $124,200
2023 $5,641 $145,000 $20,800 $124,200
2022 $5,406 $145,000 $20,800 $124,200
2021 $5,290 $145,000 $20,800 $124,200
2020 $5,290 $145,000 $20,800 $124,200
2019 $5,211 $145,000 $20,800 $124,200
2018 $3,092 $145,000 $20,800 $124,200
2017 $4,965 $108,100 $14,100 $94,000
2016 $4,920 $108,100 $14,100 $94,000
2015 $1,919 $108,100 $14,100 $94,000
2014 $4,294 $108,100 $14,100 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002669495

Bright MLS

APN: 337-08667-0-0000