NOT LISTED FOR SALE

548 E Chestnut St Lancaster, PA 17602

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

Sale Details

Date 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) 553-2500 klrw1040@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

  • Heating System Uses Natural Gas
  • 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

2,614 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
01/24/2020 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

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Stull

    Investors Choice Real Estate

    (717) 299-2434

    13 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

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