NOT LISTED FOR SALE

Estimated Value: $456,000

-- Bed
2 Baths
6,000 Sq Ft
$76/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $580,000 $97 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $2,941/month

567 Days on Market

Highlights

  • 0.33 Acre Lot
  • Ceiling Fan
  • Secure Parking
  • No HOA
  • Hot Water Heating System
  • Partially Carpeted

About This Home

As of May 2019

Taxes are for 522 & 524 E King St plus parking lot

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

  • 0.33 Acre Lot
  • Lot Dimensions are 36x250x54x248
  • Property is in very good condition

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Plaster Walls
  • Frame Construction
  • Built-Up Roof
  • Asphalt Roof
  • Rubber Roof
  • Metal Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Gas Oven or Range
  • Range Hood

Flooring

  • Partially Carpeted
  • Vinyl

Unfinished Basement

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

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Lighted Parking
  • Paved Parking
  • Off-Street Parking
  • Surface Parking
  • Secure Parking
  • Fenced Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Schools

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

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • The owner pays for insurance, repairs, advertising/licenses and permits, miscellaneous
  • Assessor Parcel Number 3371297500000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals, shop rentals
  • Electric Expense $810
  • Fuel Expense $2,971
  • Maintenance Expense $7,568
  • Operating Expense $11,972
  • Gross Income $104,880
  • Net Operating Income $68,435

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Current Use: Office
  • Historic: No
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Taxes are for 522 & 524 E King St plus parking lot
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas, Range Hood, Refrigerator
  • Flooring Type: Partially Carpeted, Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Unfinished, Walkout Level
  • Total Sq Ft: 6000
  • Living Area Sq Ft: 6000
  • Price Per Sq Ft: 108.33
  • Above Grade Finished Sq Ft: 6000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 522-524

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Block, Brick, Frame, Stone, Vinyl Siding
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Fire Escape
  • Road Surface Type: Black Top
  • Roof: Built-Up, Metal, Asphalt, Rubber
  • 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: 14
  • Parking Features: Asphalt Driveway, Fenced, Lighted Parking, Paved Parking, Secure Parking, Surface
  • Parking Spaces Total: 14.00
  • Total Garage And Parking Spaces: 14
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s)
  • Electric Expense: 810.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Hot Water, Radiator, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available
  • Water Sewer Expenses: 3826.00
  • 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-4
  • Lot Size Acres: 0.33
  • Lot Dimensions: 36x250x54x248
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20000.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R-4 RES HD
  • Zoning Description: Commercial,Res/Multi-Family

Rental Info

  • Existing Lease Type: Gross
  • Number Of Units Month To Month: 5
  • Owner Pays: Insurance, Repairs, Advertising/Licenses And Permits, Miscellaneous
  • Rent Control: No
  • Tenant Pays: Heat, Hot Water, Electricity
  • Total Actual Rent: 104880.00
  • Units Leased Count: 12
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4063652
  • School Tax: 10194.00
  • Tax Annual Amount: 21289.00
  • 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: 2971.00
  • Gross Income: 104880.00
  • Gross Scheduled Income: 104880.00
  • Income Includes: Apartment Rentals, Shop Rentals
  • Operating Expense: 11972.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 2
  • Vacancy Allowance Rate: 5.00

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
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Current Estimated Value
$456,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,000
Avg. Annual Appreciation
-3.19%
Original Mortgage
$760,000
Outstanding Balance
$675,206
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$202,206
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 $580,000 -10.8% $97 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $650,000 +12.1% $108 / Sq Ft
10/24/2017 10/24/17 Off Market $580,000 -- --
06/29/2017 06/29/17 For Sale $610,000 -- $102 / 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 $18,914 $478,000 $60,000 $418,000
2023 $18,596 $478,000 $60,000 $418,000
2022 $17,822 $478,000 $60,000 $418,000
2021 $17,440 $478,000 $60,000 $418,000
2020 $17,440 $478,000 $60,000 $418,000
2016 $16,512 $362,800 $40,000 $322,800
2015 $6,442 $362,800 $40,000 $322,800
2014 $14,410 $362,800 $40,000 $322,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002813763

Bright MLS

APN: 337-12975-0-0000