NOT LISTED FOR SALE

524 E Main St New Holland, PA 17557

Estimated Value: $228,000 - $259,000

-- Bed
2 Baths
-- Sq Ft
0.34 Acres

Last Sold November 02, 2016

Last sale price $485,000

Est. 50% decrease in value since last sale

Current estimated payment $1,457/month

69 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heat Pump System

About This Home

As of November 2016

GREAT INVESTMENT OPPORTUNITY-4 townhouse units plus 11 space parking lot area. Each unit offers 3 bedrooms, 1 1/2 baths, 1,240 sq.ft., heat pump & central air. All units are in good repair and currently rented. Great location in New Holland Borough. See documents for an information sheet w/additional details.

Last Agent to Sell the Property

Shelby Hollinger

(717) 587-5079 shelby@kingswayrealty.com Kingsway Realty - Ephrata Listed on: 03/18/2016

Co-Listed By

Randal Kline

(717) 733-1006 randy@kingswayrealty.com Kingsway Realty - Ephrata License #RM041524B

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,875

Year Built

  • Built in 1994

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 161 x 94

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Laundry

  • Washer and Dryer Hookup

Parking

  • 11 Parking Spaces
  • Off-Street Parking

Schools

  • New Holland Elementary School
  • Garden Spot Middle School
  • Garden Spot High School

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, hot water, sewer, electricity, water
  • Assessor Parcel Number 4802794900000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • New Holland Borough Subdivision

Building Details

  • Income includes apartment rentals
  • Electric Expense $360
  • Insurance Expense $1,932
  • Trash Expense $684
  • Operating Expense $2,976
  • Net Operating Income $28,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,875

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Vinyl Siding
  • Construction Completed: No
  • Roof: Composite, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 11.00
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 360.00
  • Electric Service: 200+ Amp Service
  • Heating Type: Electric, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: NEW HOLLAND
  • High School: GARDEN SPOT
  • Middle Or Junior School: GARDEN SPOT

Lot Info

  • Lot Size Acres: 0.34
  • Lot Dimensions: 161 x 94
  • Zoning: C-2
  • Zoning Description: Commercial
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Sewer, Electricity, Water
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4122535
  • School Tax: 6646.27
  • Tax Annual Amount: 9874.86
  • Assessor Parcel Number: 4802794900000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 41100.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 2976.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: EASTERN LANCASTER COUNTY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2022
Sold by
Class-Welsh Property Llc
Bought by
Stoltzfus David W and Stoltzfus Naomi L
Current Estimated Value
$240,289

Purchase Details

Listed on
Mar 18, 2016
Closed on
Oct 28, 2016
Sold by
Weinhold Chris R and Weinhold Sheri L
Bought by
Class Welsh Property Llc
Seller's Agent
Shelby Hollinger
Kingsway Realty - Ephrata
List Price
$524,900
Sold Price
$485,000
Premium/Discount to List
-$39,900
-7.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.20%

Purchase Details

Closed on
Jul 29, 2006
Sold by
Weaver Marvin R and Martin Elwood R
Bought by
Weinhold Chris R and Weinhold Sheri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Haller John D
Bought by
Weaver Marvin R and Martin Elwood R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stoltzfus David W $790,000 None Listed On Document
Class Welsh Property Llc $485,000 None Available
Weinhold Chris R $430,000 None Available
Weaver Marvin R $316,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weinhold Chris R $387,000
Previous Owner Weaver Marvin R $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2016 11/02/16 Sold $485,000 -7.6% --
05/26/2016 05/26/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $524,900 -- --
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 $2,319 $116,200 $28,800 $87,400
2024 $2,319 $116,200 $28,800 $87,400
2023 $2,231 $116,200 $28,800 $87,400
2022 $2,209 $116,200 $28,800 $87,400
2021 $2,119 $116,200 $28,800 $87,400
2020 $2,119 $116,200 $28,800 $87,400
2019 $2,097 $116,200 $28,800 $87,400
2018 $2,878 $116,200 $28,800 $87,400
2017 $2,233 $100,700 $29,600 $71,100
2016 $2,233 $100,700 $29,600 $71,100
2015 $718 $100,700 $29,600 $71,100
2014 $1,387 $100,700 $29,600 $71,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Shelby Hollinger

    Kingsway Realty - Ephrata

    (717) 587-5079

    6 in this area

    61 Total Sales

    Shelby Hollinger
    Section Image
  • Randal Kline

    Seller Co-Listing Agent in 2016

    Randal Kline

    Kingsway Realty - Ephrata

    (717) 733-1006

    9 in this area

    262 Total Sales

    Randal Kline
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002738007

Bright MLS

APN: 480-27949-0-0000

Pennsylvania Lancaster County New Holland 17557

524 E Main St, New Holland, PA

Not Listed for Sale

MultiFamily

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