NOT LISTED FOR SALE

540 E King St Lancaster, PA 17602

Stevens Neighborhood

Estimated Value: $442,000 - $583,270

Studio
4 Baths
2,352 Sq Ft
$219/Sq Ft Est. Value

Sale Details

Date Sold: January 1, 2018

Last sale price $290,000 $123 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,436 / mo

Highlights

  • 0.18 Acre Lot
  • No HOA
  • Baseboard Heating

About This Home

As of January 2018

Fully Leased-Licensed 4 Unit Apartment Building Featuring (4) 1Br Units & (1) 1,272 Sq. ft. Contractor Shop/Garage. Unit #2F has New Replacement Windows & Modern Bath. Unit #3 has a New Kitchen & Bath in 2017. New 2nd Rear Shingle Roof in 2017, Rubber Roof on Garage in 2012, 2nd & 3rd Rear Rubber Roof in 2009. Rents need raised when long term tenants move out. Landlord pays Sewer/Water/Trash. Tenants pay Electric BB Heat. Sellers are PA Licensed RE Brokers.

Last Agent to Sell the Property

Brad Gearhart

bradgearhart@comcast.net City Limits Listed on: 10/19/2017

Last Buyer's Agent

Carissa Garpstas

(717) 553-2500 klrw1040@kw.com Keller Williams Elite License #RS332678

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,747

Lot Details

  • 7,841 Sq Ft Lot
  • Property is in good condition

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Rubber Roof

Basement

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

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 337-31416-0-0000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Income includes apartment rentals, parking
  • Electric Expense $204
  • Insurance Expense $856
  • Maintenance Expense $2,654
  • Manager Expense $2,275
  • Other Expense $200
  • Trash Expense $840
  • Operating Expense $8,341
  • Net Operating Income $25,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,747

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 200.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite, Shingle, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 4.00
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 204.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1312.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 2275.00

Lot Info

  • Lot Size Acres: 0.18
  • Property Condition: Good
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4064187
  • School Tax: 2280.32
  • Tax Annual Amount: 3747.04
  • Assessor Parcel Number: 337-31416-0-0000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 37920.00
  • Income Includes: Apartment Rentals, Parking
  • Metering: Fully Separate
  • Operating Expense: 8341.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

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
Jan 2, 2017
Sold by
Bought by
Current Estimated Value
$515,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$290,000 None Available
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
Previous Owner $217,500
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
01/01/2018 01/01/18 Sold $290,000 +5.5% $123 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $275,000 -- $117 / 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 $7,886 $197,200 $22,400 $174,800
2025 $7,803 $197,200 $22,400 $174,800
2024 $7,803 $197,200 $22,400 $174,800
2023 $7,672 $197,200 $22,400 $174,800
2022 $7,352 $197,200 $22,400 $174,800
2021 $7,195 $197,200 $22,400 $174,800
2020 $7,195 $197,200 $22,400 $174,800
2019 $7,087 $197,200 $22,400 $174,800
2017 $3,707 $80,700 $16,700 $64,000
2016 $3,673 $80,700 $16,700 $64,000
2015 $1,433 $80,700 $16,700 $64,000
2014 $3,205 $80,700 $16,700 $64,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brad Gearhart

    City Limits

  • Carissa Garpstas

    Buyer's Agent in 2018

    Carissa Garpstas

    Keller Williams Elite

    (717) 820-9837

    2 in this area

    240 Total Sales

    Carissa Garpstas
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Map

Source: Bright MLS

MLS Number: 1002668407

Bright MLS

APN: 337-31416-0-0000

Pennsylvania Lancaster County Lancaster 17602 Stevens

540 E King St, Lancaster, PA

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