NOT LISTED FOR SALE

525 E King St Lancaster, PA 17602

East Side Neighborhood

Estimated Value: $402,929 - $577,000

-- Bed
4 Baths
2,142 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 30, 2019

Last sale price $305,000 $142 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,083/month

61 Days on Market

Highlights

  • 0.1 Acre Lot
  • Deck
  • No HOA
  • Carriage House
  • Wood Flooring
  • Balcony

About This Home

As of October 2019

This is a very unique, well maintained multi family property in Lancaster city. Walking distance to parks, restaurants, and not far from downtown. The front building has 3 units separated per floor. The rear carriage house has it's own secluded, fenced in yard with a two car garage underneath. Building is very efficient and has great income. Electric, heat and gas are all separated per unit. Perfect for an owner occupant and a great investment property! This property is exploding with potential! Current owner is a licensed real estate agent.

Last Agent to Sell the Property

Kevin Hurst

(717) 405-2448 kevin@diamantoniteam.com Kingsway Realty - Lancaster Listed on: 07/18/2019

Last Buyer's Agent

Luis Ortega

(717) 587-6515 luisortega1224@gmail.com Weichert Realtors - The Ortega Group License #RM425269

Weichert Realtors - The Ortega Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,965

Year Built

  • Built in 1870

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Quadruplex
  • Carriage House
  • Side-by-Side
  • Brick Exterior Construction
  • Plaster Walls
  • Shingle Roof
  • Rubber Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,142 Sq Ft Home
  • Unfinished Basement
  • Exterior Basement Entry
  • Fire Escape

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 332-10368-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Net Operating Income $28,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,965

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Side-By-Side, Carriage House
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: All kitchen appliances
  • New Construction: No
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Carpet, Vinyl, Ceramic Tile
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Total Sq Ft: 2142
  • Living Area Sq Ft: 2142
  • Price Per Sq Ft: 142.34
  • Above Grade Finished Sq Ft: 2142
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry, Vinyl Siding
  • Exterior Features: Fire Escape
  • Roof: Rubber, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric, Natural Gas Available
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 140800.00
  • Land Assessed Value: 22700.00
  • Lot Features: Level
  • Lot Size Acres: 0.10
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 37500.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4056228
  • School Tax: 3576.00
  • Tax Annual Amount: 5965.00
  • Assessor Parcel Number: 332-10368-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Oct 30, 2019
Sold by
Kairos Enterprises Llc
Bought by
Housey James E
Seller's Agent
Kevin Hurst
Kingsway Realty - Lancaster
Buyer's Agent
Luis Ortega
Weichert Realtors - The Ortega Group
List Price
$319,900
Sold Price
$305,000
Premium/Discount to List
-$14,900
-4.66%
Current Estimated Value
$483,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,732
Avg. Annual Appreciation
7.84%
Original Mortgage
$299,475
Outstanding Balance
$262,239
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$221,493

Purchase Details

Closed on
Nov 16, 2018
Sold by
Neff Erie J and Neff Janelle F
Bought by
Kairos Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2010
Sold by
Neff Eric J
Bought by
Neff Eric J and Neff Janelle F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,567
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2005
Sold by
Graybill James
Bought by
Neff Eric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,668
Interest Rate
5.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 2001
Sold by
Federal National Mortgage Association
Bought by
Graybill James

Purchase Details

Closed on
Nov 22, 2000
Sold by
Penny Michael R and Pnc Mtg Corp Of America
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Housey James E $305,000 None Available
Kairos Enterprises Llc $262,000 Penn Charter Abstract Inc
Neff Eric J -- None Available
Neff Eric J $165,000 First American Title Ins Co
Graybill James $58,000 First American Title Ins Co
Federal National Mortgage Association $3,113 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Housey James E $299,475
Previous Owner Kairos Enterprises Llc $209,600
Previous Owner Neff Eric J $157,567
Previous Owner Neff Eric J $163,668
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2019 10/30/19 Sold $305,000 0.0% $142 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
09/11/2019 09/11/19 Price Changed $304,900 -2.6% $142 / Sq Ft
08/08/2019 08/08/19 Price Changed $312,900 -2.2% $146 / Sq Ft
07/18/2019 07/18/19 For Sale $319,900 -- $149 / 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 $6,470 $163,500 $22,700 $140,800
2024 $6,470 $163,500 $22,700 $140,800
2023 $6,361 $163,500 $22,700 $140,800
2022 $6,096 $163,500 $22,700 $140,800
2021 $5,965 $163,500 $22,700 $140,800
2020 $5,965 $163,500 $22,700 $140,800
2019 $5,876 $163,500 $22,700 $140,800
2016 $5,466 $120,100 $15,900 $104,200
2015 $2,132 $120,100 $15,900 $104,200
2014 $4,343 $120,100 $15,900 $104,200
Source: Public Records

Agents Affiliated with this Home

  • Kevin Hurst

    Seller's Agent in 2019

    Kevin Hurst

    Kingsway Realty - Lancaster

    (717) 405-2448

    9 Total Sales

    Kevin Hurst
    Section Image
  • Luis Ortega

    Buyer's Agent in 2019

    Luis Ortega

    Weichert Realtors - The Ortega Group

    (717) 587-6515

    1 in this area

    79 Total Sales

    Luis Ortega
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA136976

Bright MLS

APN: 332-10368-0-0000

Pennsylvania Lancaster County Lancaster 17602 East Side

525 E King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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