NOT LISTED FOR SALE

55 & 57 W Main St Leola, PA 17540

-- Bed
-- Bath
2,736 Sq Ft
0.67 Acres

Last Sold March 06, 2024

Last sale price $799,000 $292 Per Sq Ft

54 Days on Market

Highlights

  • 0.67 Acre Lot
  • Deck
  • 1 Fireplace
  • Colonial Architecture
  • Wood Flooring
  • Formal Dining Room

About This Home

As of March 2024

Welcome to this wonderful home! The main house is a spacious 7 bedroom, 4,000 square foot home, and includes 3 additional apartments in the carriage house to the rear to generate revenue to offset your expenses, for those desiring to make it their home. If you love historic charm you'll love this home, with it's spacious wraparound porch, slate roof, hardwood floors, and intricate trim work throughout. The lovely kitchen with a sunlit breakfast area, spacious seperate dining room and multiple living spaces with fireplaces make the first floor a wonderful place to spread out and relax. Upstairs, you'll find spacious bedrooms with lots of light, access to a large balcony area, laundry area, and so much space with 6 bedrooms and 2 baths. On to the finished lower level, you'll find a spacious game room that will function perfectly as a getaway space or home theater.
The primary house is currently being run as an Airbnb and furnishings/decor are included in the asking price, making this a great property to take over without skipping a beat. Professional management is in place and would be happy to continue. And for investors, the flexible mixed use zoning allows for all kinds of possibilities such as office space, retail, or a day care center.
Moving on to the carriage house, the 3, 1 bedroom apartments are currently all occupied providing new owners the opportunity to continue that revenue, or to create a multi-generational living opportunity. Plenty of parking is in place for all , and the spacious backyard features 2 storage areas and plenty of space to entertain and for pets and kiddos to roam. This is a unique opportunity for the right buyer to use an FHA loan with a very low down payment to make the purchase, and create a wonderful, low cost living situation. All of this is in a wonderful location with shopping, dining, and parks a short drive away, and all the amenities of downtown Lancaster also nearby. Don't miss this opportunity!

Last Agent to Sell the Property

Benuel Esh

Keller Williams Elite License #RS329980 Listed on: 12/14/2023

Keller Williams Elite

Last Buyer's Agent

Jeffrey Bowman

Hometown Property Sales License #RM424148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,088

Year Built

  • Built in 1912

Lot Details

  • 0.67 Acre Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Colonial Architecture
  • Victorian Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Poured Concrete
  • Plaster Walls
  • Shingle Roof
  • Slate Roof
  • Composition Roof
  • Rubber Roof
  • Vinyl Siding
  • Stick Built Home
  • Masonry

Interior Spaces

  • 2,736 Sq Ft Home
  • 1 Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Eat-In Kitchen

Partially Finished Basement

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

Parking

  • 7 Parking Spaces
  • 7 Off-Street Spaces
  • Lighted Parking

Outdoor Features

  • Balcony
  • Deck
  • Tenant House
  • Porch

Schools

  • Leola Elementary School
  • Conestoga Valley Middle School
  • Conestoga Valley High School

Utilities

  • Forced Air Heating System
  • Radiator
  • Heating System Uses Oil
  • Heat Pump System
  • Hot Water Heating System
  • 200+ Amp Service
  • Oil Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Suburban Location

Community Details

  • 4 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for common area maintenance, gas, heat, trash collection, real estate taxes
  • Assessor Parcel Number 360-58884-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,088

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: All of tenants belongings in carriage house
  • Inclusions: Hot tub, and all furnishings and decor in the main home
  • New Construction: No
  • Expected On Market: 2023-12-15
  • Year Built: 1912
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this wonderful home! The main house is a spacious 7 bedroom, 4,000 square foot home, and includes 3 additional apartments in the carriage house to the rear to generate revenue to offset your expenses, for those desiring to make it their home. If you love historic charm you'll love this home, with it's spacious wraparound porch, slate roof, hardwood floors, and intricate trim work throughout. The lovely kitchen with a sunlit breakfast area, spacious seperate dining room and multiple living spaces with fireplaces make the first floor a wonderful place to spread out and relax. Upstairs, you'll find spacious bedrooms with lots of light, access to a large balcony area, laundry area, and so much space with 6 bedrooms and 2 baths. On to the finished lower level, you'll find a spacious game room that will function perfectly as a getaway space or home theater. The primary house is currently being run as an Airbnb and furnishings/decor are included in the asking price, making this a great property to take over without skipping a beat. Professional management is in place and would be happy to continue. And for investors, the flexible mixed use zoning allows for all kinds of possibilities such as office space, retail, or a day care center. Moving on to the carriage house, the 3, 1 bedroom apartments are currently all occupied providing new owners the opportunity to continue that revenue, or to create a multi-generational living opportunity. Plenty of parking is in place for all , and the spacious backyard features 2 storage areas and plenty of space to entertain and for pets and kiddos to roam. This is a unique opportunity for the right buyer to use an FHA loan with a very low down payment to make the purchase, and create a wonderful, low cost living situation. All of this is in a wonderful location with shopping, dining, and parks a short drive away, and all the amenities of downtown Lancaster also nearby. Don't miss this opportunity!
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Kitchen - Eat-In, Formal/Separate Dining Room
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Partially Finished
  • Total Sq Ft: 2736
  • Living Area Sq Ft: 2736
  • Price Per Sq Ft: 292.03
  • Above Grade Finished Sq Ft: 2736
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 55 & 57

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Tenant House
  • Construction Materials: Brick, Vinyl Siding, Masonry, Stick Built
  • Road Surface Type: Black Top
  • Roof: Shingle, Composite, Rubber, Slate
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Lighted Parking
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 7

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric, Oil
  • Heating Type: Forced Air, Heat Pump(s), Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric, Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: CONESTOGA VALLEY
  • Elementary School: LEOLA
  • Middle School: CONESTOGA VALLEY
  • High School: CONESTOGA VALLEY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397374
  • School District Source: Listing Agent
  • Elementary School: LEOLA
  • High School: CONESTOGA VALLEY
  • Middle Or Junior School: CONESTOGA VALLEY

Lot Info

  • Land Use Code: 114
  • Lot Features: Road Frontage
  • Lot Size Acres: 0.67
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 29185.20
  • Outdoor Living Structures: Balcony, Deck(s), Porch(es)
  • Property Condition: Excellent, Very Good
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL, COMMERCIAL

Rental Info

  • Owner Pays: Common Area Maintenance, Gas, Heat, Trash Collection, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 98304.00
  • Units Furnished: Some
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 5454.00
  • Tax Annual Amount: 7088.00
  • Assessor Parcel Number: 360-58884-0-0000
  • Tax Total Finished Sq Ft: 2736
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/06/2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: CONESTOGA VALLEY

Range of Values:

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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 Change Sq Ft Price
03/06/2024 03/06/24 Sold $799,000 0.0% $292 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $799,000 0.0% $292 / Sq Ft
12/13/2023 12/13/23 Price Changed $799,000 -- $292 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2044390

Bright MLS