NOT LISTED FOR SALE

Estimated Value: $266,000 - $475,000

-- Bed
3 Baths
2,484 Sq Ft
$147/Sq Ft Est. Value

Last Sold December 27, 2018

Last sale price $285,000 $115 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,523/month

47 Days on Market

Highlights

  • Second Kitchen
  • City View
  • Open Floorplan
  • Gourmet Galley Kitchen
  • 0.1 Acre Lot
  • Deck

About This Home

As of December 2018

Located in the heart of blossoming Lancaster City, this beautifully renovated 3 unit is a wonderful opportunity for an owner occupant to live here and have the two tenants pay all the living costs. Or for investors, have the building professionally managed and enjoy passive cashflow. The entire building was renovated in 2017, all new everything. Each apartment is high end, with central air, hardwood and tile floors, stainless appliances, granite counters, and more. The third floor also has a roof deck off the kitchen and stunning industrial feel, with exposed brick and ductwork. Two of the units are currently being rented through Airbnb, the other is on a one year lease. There is also a large backyard with potential that is only limited by your imagination, and 2 garage spaces that each fit a car. Don't miss this one, schedule a showing today!

Last Agent to Sell the Property

Benuel Esh

Keller Williams Elite License #RS329980 Listed on: 08/31/2018

Keller Williams Elite

Last Buyer's Agent

Timothy Shreiner

Berkshire Hathaway HomeServices Homesale Realty License #RS187003L

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,993

Year Built

  • Built in 1898 | Remodeled in 2017

Lot Details

  • 4,356 Sq Ft Lot
  • Downtown Location
  • Property is in very good condition

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking
  • Off-Street Parking
  • Secure Parking

Property Views

  • City
  • Woods

Home Design

  • Triplex
  • Traditional Architecture
  • Side-by-Side
  • Block Foundation
  • Stone Foundation
  • Plaster Walls
  • Rubber Roof
  • Vinyl Siding
  • Brick Front
  • Masonry

Interior Spaces

  • Main Floor Bedroom
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • 1 Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Insulated Doors
  • Dining Area
  • Fire Escape
  • Front Loading Dryer

Kitchen

  • Gourmet Galley Kitchen
  • Second Kitchen
  • Breakfast Area or Nook
  • Built-In Range
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Side Exterior Basement Entry

Accessible Home Design

  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Outbuilding

Schools

  • James Buchanan Elementary School
  • Abraham Lincoln Middle School
  • Mccaskey High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • 100 Amp Service
  • High-Efficiency Water Heater
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, air conditioning, cable TV, common area maintenance, electricity, gas, heat
  • Assessor Parcel Number 337-17185-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Gross Income $56,277
  • Net Operating Income $29,665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,993

Year Built

Built in 1898 | Remodeled in 2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side, Traditional
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: All appliances
  • New Construction: No
  • Year Built: 1898
  • Year Renovated: 2017
  • Remarks Public: Located in the heart of blossoming Lancaster City, this beautifully renovated 3 unit is a wonderful opportunity for an owner occupant to live here and have the two tenants pay all the living costs. Or for investors, have the building professionally managed and enjoy passive cashflow. The entire building was renovated in 2017, all new everything. Each apartment is high end, with central air, hardwood and tile floors, stainless appliances, granite counters, and more. The third floor also has a roof deck off the kitchen and stunning industrial feel, with exposed brick and ductwork. Two of the units are currently being rented through Airbnb, the other is on a one year lease. There is also a large backyard with potential that is only limited by your imagination, and 2 garage spaces that each fit a car. Don't miss this one, schedule a showing today!
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer, Dryer - Front Loading, Exhaust Fan, Freezer, Stainless Steel Appliances, Water Heater - High-Efficiency
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Wood
  • Interior Amenities: 2nd Kitchen, Breakfast Area, Built-Ins, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Galley, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Upgraded Countertops, Wood Floors
  • Window Features: Vinyl Clad, Energy Star Qualified, Energy Efficient, Double Pane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Insulated
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Plaster Walls
  • Foundation Details: Stone, Block
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Side Entrance, Unfinished
  • Total Sq Ft: 3308
  • Living Area Sq Ft: 2484
  • Price Per Sq Ft: 120.37
  • Above Grade Finished Sq Ft: 2484
  • Below Grade Sq Ft: 824
  • Total Below Grade Sq Ft: 824
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 528

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry, Brick Front, Concrete, Vinyl Siding
  • Exterior Features: Exterior Lighting, Fire Escape, Outbuilding(s), Sidewalks
  • Road Surface Type: Paved, Black Top
  • Roof: Rubber
  • Spa: No
  • View: City, Trees/Woods
  • 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
  • Parking Features: Secure Parking
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • Elementary School: JAMES BUCHANAN
  • Middle School: ABRAHAM LINCOLN
  • High School: MCCASKEY H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397286
  • School District Source: Listing Agent
  • Elementary School: JAMES BUCHANAN
  • High School: MCCASKEY H.S.
  • Middle Or Junior School: ABRAHAM LINCOLN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 93500.00
  • Land Assessed Value: 20800.00
  • Land Use Code: Residential
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Advertising/Licenses And Permits, Air Conditioning, Cable Tv, Common Area Maintenance, Electricity, Gas, Heat
  • Rent Control: No
  • Total Actual Rent: 56277.00
  • Units Furnished: Some
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4063764
  • School Tax: 2438.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 3993.00
  • Assessor Parcel Number: 337-17185-0-0000
  • Tax Total Finished Sq Ft: 2484
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 12/27/2018

Multi Family

  • Gross Income: 56277.00
  • Gross Scheduled Income: 56277.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Dec 27, 2018
Sold by
Sg Real Estate Llc
Bought by
Brubaker Robert L
Seller's Agent
Benuel Esh
Keller Williams Elite
Buyer's Agent
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
List Price
$309,000
Sold Price
$285,000
Premium/Discount to List
-$24,000
-7.77%
Current Estimated Value
$363,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,976
Avg. Annual Appreciation
2.50%
Original Mortgage
$213,750
Outstanding Balance
$190,847
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$145,143

Purchase Details

Closed on
Oct 12, 2016
Sold by
Luis Ortega Inc
Bought by
Sg Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.44%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 15, 2015
Closed on
Sep 2, 2015
Sold by
Redevelopment Authority Of The City Of L
Bought by
Ovalles Acevedo Jesus
Seller's Agent
H. Joseph Younger
Younger Realty Group
List Price
$9,500
Sold Price
$17,500
Premium/Discount to List
$8,000
84.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.46%

Purchase Details

Closed on
Nov 22, 2010
Sold by
Smucker Samuel S
Bought by
528 East King Street Land Trust
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
Brubaker Robert L $285,000 None Available
Sg Real Estate Llc $56,500 None Available
Luis Ortega Inc $38,000 None Available
Ovalles Acevedo Jesus $17,500 Attorney
Ovalles Acevedo Jesus $17,500 Attorney
528 East King Street Land Trust $52,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brubaker Robert L $213,750
Previous Owner S G Real Estate Llc $176,000
Previous Owner Sg Real Estate Llc $120,000
Closed Ovalles Acevedo Jesus $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2018 12/27/18 Sold $285,000 -4.7% $115 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/03/2018 10/03/18 Price Changed $299,000 -3.2% $120 / Sq Ft
08/31/2018 08/31/18 For Sale $309,000 +1665.7% $124 / Sq Ft
09/02/2015 09/02/15 Sold $17,500 +84.2% $7 / Sq Ft
08/18/2015 08/18/15 Pending -- -- --
07/15/2015 07/15/15 For Sale $9,500 -- $4 / 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 $6,474 $163,600 $20,800 $142,800
2023 $6,365 $163,600 $20,800 $142,800
2022 $6,100 $163,600 $20,800 $142,800
2021 $5,969 $163,600 $20,800 $142,800
2020 $5,969 $163,600 $20,800 $142,800
2018 $2,438 $114,300 $20,800 $93,500
2017 $2,843 $61,900 $15,900 $46,000
2016 $2,817 $61,900 $15,900 $46,000
2015 $1,099 $61,900 $15,900 $46,000
2014 $2,459 $61,900 $15,900 $46,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002350628

Bright MLS

APN: 337-17185-0-0000