NOT LISTED FOR SALE

531 E Marion St Lancaster, PA 17602

East Side Neighborhood

Estimated Value: $222,228 - $289,000

Studio
2 Baths
1,440 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: October 16, 2020

Last sale price $154,900 $108 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,606 / mo

4 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2020

Long term Tenant wants to stay! Attractive and cared for rental unit in Lancaster's East Side offers 3 or 4 BR's, 1.5 baths, off-street parking, and a tenant of 7 years who is responsible. Owner has updated/replaced/cared for the property along the way. This home shows well and is an excellent addition to your rental portfolio. Fully inspected/approved by the City as a rental unit.

Last Agent to Sell the Property

Mike Julian

(717) 569-1700 mikej@rogunlimited.com Realty ONE Group Unlimited License #RM425193 Listed on: 08/29/2020

Realty ONE Group Unlimited

Last Buyer's Agent

Angela Chesko

(717) 735-8400 cpalancasteradmins@coldwellbankermoves.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,675

Year Built

  • Built in 1894

Lot Details

  • 1,742 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,440 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • 1 Off-Street Space
  • Alley Access
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $4,575

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, real estate taxes
  • Assessor Parcel Number 332-02819-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,675

Year Built

Built in 1894

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 107.57
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Alley, On Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: 51800.00
  • Land Assessed Value: 20700.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term, Yearly
  • Owner Pays: Water, Sewer, Trash Collection, Taxes - Real Estate
  • Total Actual Rent: 14100.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4056147
  • School Tax: 1615.00
  • Tax Annual Amount: 2675.00
  • Assessor Parcel Number: 332-02819-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Operating Expense: 4575.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2022
Sold by
Bought by
Current Estimated Value
$252,807

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
Outstanding Balance
$91,533
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$161,274

Purchase Details

Listed on
Aug 29, 2020
Closed on
Oct 9, 2020
Sold by
Bought by
Seller's Agent
Mike Julian
Realty ONE Group Unlimited
Buyer's Agent
Angela Chesko
Coldwell Banker Realty
List Price
$154,900
Sold Price
$154,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%
Original Mortgage
$123,920
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,173
Interest Rate
5.99%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$160,000 Barristers Land Abstract
$154,900 Barristers Land Abstract
-- None Available
$86,900 Conestoga Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $120,000
Previous Owner $123,920
Previous Owner $88,000
Previous Owner $86,173
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $154,900 0.0% $108 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $154,900 -- $108 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,899 $72,500 $20,700 $51,800
2025 $2,869 $72,500 $20,700 $51,800
2024 $2,869 $72,500 $20,700 $51,800
2023 $2,821 $72,500 $20,700 $51,800
2022 $2,703 $72,500 $20,700 $51,800
2021 $2,645 $72,500 $20,700 $51,800
2020 $2,645 $72,500 $20,700 $51,800
2019 $2,606 $72,500 $20,700 $51,800
2018 $1,546 $72,500 $20,700 $51,800
2017 $3,206 $69,800 $14,500 $55,300
2016 $3,177 $69,800 $14,500 $55,300
2015 $1,239 $69,800 $14,500 $55,300
2014 $2,345 $69,800 $14,500 $55,300
Source: Public Records

Agents Affiliated with this Home

  • Mike Julian

    Seller's Agent in 2020

    Mike Julian

    Realty ONE Group Unlimited

    (717) 449-0522

    133 Total Sales

    Mike Julian
    Section Image
  • Angela Chesko

    Buyer's Agent in 2020

    Angela Chesko

    Coldwell Banker Realty

    (717) 371-2020

    1 in this area

    37 Total Sales

    Angela Chesko
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA169270

Bright MLS

APN: 332-02819-0-0000

Pennsylvania Lancaster County Lancaster 17602 East Side

531 E Marion St, Lancaster, PA

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