NOT LISTED FOR SALE

518 W Simpson St Mechanicsburg, PA 17055

Estimated Value: $293,000 - $403,125

-- Bed
8 Baths
3,808 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 07, 2016

Last sale price $217,500 $57 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,239/month

3 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Ceiling Fan
  • Mechanicsburg Area Senior High School Rated A-
  • Laundry Room
  • Baseboard Heating

About This Home

As of April 2016

GREAT Investment Opportunity!!! Four (2) bedroom town homes, conveniently located in Mechanicsburg close to everything. Each unit has 1 and 1/2 baths and first floor laundry room; small yard (landlord provides lawn care). Units renting for $550. each and tenant pays all utilities. Motivated Seller...

Last Agent to Sell the Property

SUSAN KENNEDY

Coldwell Banker Realty Listed on: 03/15/2016

Last Buyer's Agent

Christine Skozilas

M C Walker Realty License #RS278850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,382

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 3,808 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Cooling Available
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash removal, water
  • The owner pays for management, real estate taxes, repairs
  • Assessor Parcel Number 20230567011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,589
  • Maintenance Expense $680
  • Manager Expense $1,904
  • Operating Expense $4,174
  • Net Operating Income $18,845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,382

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: GREAT Investment Opportunity!!! Four (2) bedroom town homes, conveniently located in Mechanicsburg close to everything. Each unit has 1 and 1/2 baths and first floor laundry room; small yard (landlord provides lawn care). Units renting for $550. each and tenant pays all utilities. Motivated Seller...
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Laundry
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Hookup
  • Total Sq Ft: 3808
  • Living Area Sq Ft: 3808
  • Price Per Sq Ft: 59.06
  • Above Grade Finished Sq Ft: 3808
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 518-524

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: 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
  • Cooling Type: Ceiling Fan(s)
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 1904.00

Schools

  • School District: MECHANICSBURG AREA
  • School District Key: 300200396842

Lot Info

  • Lot Size Acres: 0.13
  • Zoning Description: Commercial,Residential

Rental Info

  • Owner Pays: Management, Taxes - Real Estate, Repairs
  • Tenant Pays: Electricity, Sewer, Trash Removal, Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 26400.00
  • Metering: Fully Separate
  • Operating Expense: 4174.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 11169392
  • Tax Annual Amount: 3382.00
  • Assessor Parcel Number: 20230567011
  • Tax Year: 2015
  • Close Date: 04/07/2016

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
Apr 7, 2016
Sold by
Salisbury Clyde E and Salisbury Carole A
Bought by
Mansfield Steven R and Mansfield Angela P
Seller's Agent
SUSAN KENNEDY
Coldwell Banker Realty
Buyer's Agent
Christine Skozilas
M C Walker Realty
List Price
$224,000
Sold Price
$217,500
Premium/Discount to List
-$6,500
-2.9%
Current Estimated Value
$345,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,781
Avg. Annual Appreciation
5.03%
Source: Public Records

Range of Values:

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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
Mansfield Steven R $217,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salisbury Clyde E $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2016 04/07/16 Sold $217,500 -2.9% $57 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $224,000 -- $59 / 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 $4,459 $189,600 $32,500 $157,100
2024 $4,308 $189,600 $32,500 $157,100
2023 $3,413 $189,600 $32,500 $157,100
2022 $4,002 $189,600 $32,500 $157,100
2021 $3,858 $189,600 $32,500 $157,100
2020 $3,777 $189,600 $32,500 $157,100
2019 $3,709 $189,600 $32,500 $157,100
2018 $3,649 $189,600 $32,500 $157,100
2017 $3,506 $189,600 $32,500 $157,100
2016 -- $189,600 $32,500 $157,100
2015 -- $189,600 $32,500 $157,100
2014 -- $189,600 $32,500 $157,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    SUSAN KENNEDY

    Coldwell Banker Realty

    Section Image
  • Christine Skozilas

    Buyer's Agent in 2016

    Christine Skozilas

    M C Walker Realty

    (717) 579-8554

    23 in this area

    118 Total Sales

    Christine Skozilas
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003321827

Bright MLS

APN: 20-23-0567-011

Pennsylvania Cumberland County Mechanicsburg 17055

518 W Simpson St, Mechanicsburg, PA

This home is located at 518 W Simpson St, Mechanicsburg, PA 17055 since 15 March 2016 and is currently estimated at $345,281, approximately $90 per square foot. This property was built in 1900. 518 W Simpson St is a home located in Cumberland County with nearby schools including Mechanicsburg Middle School, Mechanicsburg Area Senior High School, and West Shore Christian Academy.

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