NOT LISTED FOR SALE

548 E Chestnut St Lancaster, PA 17602

East Side Neighborhood
-- Bed
-- Bath
6,340 Sq Ft
2,614 Sq Ft Lot

Last Sold January 24, 2020

Last sale price $400,000 $63 Per Sq Ft

69 Days on Market

Highlights

  • Colonial Architecture
  • 3 Car Attached Garage
  • Electric Baseboard Heater
  • No HOA
  • Halls are 36 inches wide or more

About This Home

As of January 2020

4 Apts plus Store front and comm gar.plus 1 car gar and storage rm .Fully rented.. Unusual opportunity to own a fine East End Investment See documents for leases and P&L

Last Agent to Sell the Property

David Stull

(717) 299-2434 dave@investrschoice.net Investors Choice Real Estate License #RB022195L Listed on: 08/21/2019

Last Buyer's Agent

Pedro Velasquez

(717) 808-6410 pedrovelasquez@kw.com Keller Williams Elite

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,209

Year Built

  • Built in 1890

Lot Details

  • 2,614 Sq Ft Lot
  • Property is in good condition

Parking

  • 3 Car Attached Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Plaster Walls
  • Rubber Roof

Interior Spaces

  • 6,340 Sq Ft Home
  • Partial Basement

Kitchen

  • Electric Oven or Range
  • Range Hood

Accessible Home Design

  • Halls are 36 inches wide or more

Schools

  • Burrowes Elementary School
  • Mccaskey Middle School
  • Mccaskey High School

Utilities

  • Electric Baseboard Heater
  • 200+ Amp Service
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for electricity, gas, insurance, pest control, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 332-17476-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes shop rentals, apartment rentals
  • Insurance Expense $1,212
  • Maintenance Expense $1,990
  • Trash Expense $960
  • Operating Expense $18,438
  • Gross Income $53,188
  • Net Operating Income $34,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,209

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Architectural Style: Colonial
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • Inclusions: 4 ranges 4 refs
  • New Construction: No
  • Expected On Market: 2019-08-21
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Range Hood, Refrigerator
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 6340
  • Living Area Sq Ft: 6340
  • Price Per Sq Ft: 70.82
  • Above Grade Finished Sq Ft: 6340
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 660.00
  • Electric Service: 200+ Amp Service, 100 Amp Service
  • Gas Avg Month: 227.67
  • Gas Prev12 Months: 2732.00
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 495.00
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 1764.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: BURROWES
  • High School: MCCASKEY H.S.
  • Middle Or Junior School: MCCASKEY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 185600.00
  • Land Assessed Value: 39400.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: RES/COM

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 5
  • Owner Pays: Electricity, Gas, Insurance, Pest Control, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 53188.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4056297
  • School Tax: 4922.00
  • Tax Annual Amount: 8209.00
  • Assessor Parcel Number: 332-17476-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Gross Income: 53188.00
  • Gross Scheduled Income: 53188.00
  • Income Includes: Shop Rentals, Apartment Rentals
  • Operating Expense: 18438.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $400,000 -10.9% $63 / Sq Ft
10/30/2019 10/30/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $449,000 -- $71 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Stull

    Investors Choice Real Estate

    (717) 299-2434

    1 in this area

    19 Total Sales

    David Stull
    Section Image

  • P

    Buyer's Agent in 2020

    Pedro Velasquez

    Keller Williams Elite

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA138422

Bright MLS
Pennsylvania Lancaster County Lancaster 17602 East Side

548 E Chestnut St, Lancaster, PA

Not Listed for Sale

MultiFamily

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