NOT LISTED FOR SALE

518 N 8th St Lebanon, PA 17046

Estimated Value: $169,417 - $359,000

-- Bed
3 Baths
2,379 Sq Ft
$116/Sq Ft Est. Value

Last Sold February 17, 2012

Last sale price $150,000 $63 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,688/month

Highlights

  • No HOA
  • Baseboard Heating
  • 3-minute walk to Monument Park
  • Window Unit Cooling System

About This Home

As of February 2012

Attention Investors! Solid, brick 6 unit (2 3-units) property on single deed, fully occupied with off street parking.

Last Agent to Sell the Property

Ernie Steele

(717) 304-2912 esteele@homesale.com Berkshire Hathaway Homesale Realty Listed on: 12/28/2010

Berkshire Hathaway Homesale Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 48x158

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Dirt Floor

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 5 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Lebanon Middle School
  • Lebanon High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • 60 Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 5-2337698-372289

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $948
  • Trash Expense $341
  • Operating Expense $12,209
  • Net Operating Income $21,385

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • New Construction: No
  • Storage: Basement
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Dirt Floor, Full, Outside Entrance, Unfinished

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • 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: 5.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Annual Heating Expense: 8400.00
  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Electric Expense: 947.55
  • Electric Service: 60 Amp Service, Fuses
  • Heating Type: Baseboard, Hot Water, Oil
  • Heating: Yes
  • Hot Water: Electric, Oil
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2520.10
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: LEBANON
  • Middle Or Junior School: LEBANON

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 48x158
  • Property Attached Yn: Yes
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10309072
  • School Tax: 2803.22
  • Tax Annual Amount: 3851.72
  • Assessor Parcel Number: 5-2337698-372289
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 37380.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 12208.65
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2010
Closed on
Mar 15, 2012
Sold by
Quarry Jean M
Bought by
Bentz Christopher T
Seller's Agent
Ernie Steele
Berkshire Hathaway Homesale Realty
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%
Current Estimated Value
$276,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,104
Avg. Annual Appreciation
4.55%
Original Mortgage
$60,000
Outstanding Balance
$41,196
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$234,908

Purchase Details

Listed on
Dec 28, 2010
Closed on
Feb 17, 2012
Sold by
Sweigart Larry and Sweigart Anne
Bought by
Lantz Aaron G
Seller's Agent
Ernie Steele
Berkshire Hathaway Homesale Realty
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$41,196
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$234,908
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bentz Christopher T $76,900 None Available
Lantz Aaron G $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bentz Christopher T $60,000
Open Lantz Aaron G $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2012 02/17/12 Sold $150,000 -5.7% $63 / Sq Ft
12/08/2011 12/08/11 Pending -- -- --
12/28/2010 12/28/10 For Sale $159,000 -- $67 / 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 $2,906 $90,200 $9,700 $80,500
2024 $2,769 $90,200 $9,700 $80,500
2023 $2,769 $90,200 $9,700 $80,500
2022 $2,723 $90,200 $9,700 $80,500
2021 $2,631 $90,200 $9,700 $80,500
2020 $2,631 $90,200 $9,700 $80,500
2019 $2,593 $90,200 $9,700 $80,500
2018 $2,518 $90,200 $9,700 $80,500
2017 $710 $90,200 $9,700 $80,500
2016 $2,451 $90,200 $9,700 $80,500
2015 $1,684 $90,200 $9,700 $80,500
2014 $1,684 $90,200 $9,700 $80,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002721659

Bright MLS

APN: 05-2337698-372289-0000