NOT LISTED FOR SALE

Estimated Value: $420,773 - $450,000

-- Bed
3 Baths
2,302 Sq Ft
$189/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $355,000 $154 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,959/month

6 Days on Market

Highlights

  • Deck
  • Porch
  • Property is in very good condition
  • Wood Flooring
  • Outdoor Storage
  • Radiant Heating System

About This Home

As of July 2022

Location, Location, Location - 3 unit building on the 500 block of West Chestnut Street. Well cared for; fully occupied with 3 long-term tenants; no pets; 2 off-street parking spots, plenty of on-street parking; low maintenance yard; Current owners lived in and remodeled second floor unit while renting the first and third floor. Nice opportunity for a owner occupied purchase, or for a investor to add to their portfolio. Please check floor plans for building layout. There are two showing windows (6/23/22 - 1 PM to 5 PM); (6/25/22 - 10 AM to 2 PM). You must register for an appointment to attend. Also listed as PALA2020286 Residential.

Last Agent to Sell the Property

Zachary Trimble

Berkshire Hathaway HomeServices Homesale Realty License #RS351812 Listed on: 06/20/2022

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Patrick Trimble

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Austin Sahd

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,218

Year Built

  • Built in 1870

Lot Details

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

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Wood Flooring

Laundry

  • Dryer
  • Washer

Basement

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

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Private Parking
  • On-Street Parking

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, real estate taxes, gas
  • Assessor Parcel Number 335-60677-0-0000

Community Details

Overview

  • 3 Units
  • Chestnut Hill Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,762
  • Maintenance Expense $1,000
  • Operating Expense $4,800
  • Net Operating Income $14,942

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,218

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Lumber in basement, 2 Rocks in front flower beds, Window AC units
  • Inclusions: Washer, Dryer, All Appliances in Units
  • New Construction: No
  • Expected On Market: 2022-06-20
  • Year Built: 1870
  • Automatically Close On Close Date: No
  • Remarks Public: Location, Location, Location - 3 unit building on the 500 block of West Chestnut Street. Well cared for; fully occupied with 3 long-term tenants; no pets; 2 off-street parking spots, plenty of on-street parking; low maintenance yard; Current owners lived in and remodeled second floor unit while renting the first and third floor. Nice opportunity for a owner occupied purchase, or for a investor to add to their portfolio. Please check floor plans for building layout. There are two showing windows (6/23/22 - 1 PM to 5 PM); (6/25/22 - 10 AM to 2 PM). You must register for an appointment to attend. Also listed as PALA2020286 Residential.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Dryer, Water Heater
  • Interior Amenities: Wood Floors
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance, Full
  • Total Sq Ft: 3102
  • Living Area Sq Ft: 2302
  • Price Per Sq Ft: 149.00
  • Above Grade Finished Sq Ft: 2302
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 551

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Secure Storage, Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 65
  • Previous Twelve Months Electric Expense: 780.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 50
  • Water Previous Twelve Months: 600.00
  • Water Source: Public

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 115
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: RES/MULTI-FAMILY

Rental Info

  • Owner Pays: Water, Sewer, Trash Collection, Taxes - Real Estate, Gas
  • Total Actual Rent: 29628.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3781.00
  • Tax Annual Amount: 6218.00
  • Assessor Parcel Number: 335-60677-0-0000
  • Tax Total Finished Sq Ft: 2302
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/11/2022

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 4800.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jul 11, 2022
Sold by
Tenyenhuis Ari J and Tenyenhuis Suzanna J
Bought by
West Wynwood Investments Llc
Seller's Agent
Zachary Trimble
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Austin Sahd
Coldwell Banker Realty
List Price
$343,000
Sold Price
$355,000
Premium/Discount to List
$12,000
3.5%
Current Estimated Value
$434,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,943
Avg. Annual Appreciation
5.99%
Original Mortgage
$266,250
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2009
Sold by
Tenyenhuis Ari J and Stoltzfus Suzanna J
Bought by
Tenyenhuis Ari J and Stoltzfus Suzanna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,117
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 2008
Sold by
Sullivan Christopher and Sullivan Carrie A
Bought by
Tenyenhius Ari J and Stoltzfus Suzanna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,580
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 2000
Sold by
Gross Raymond J and Gross Karol A
Bought by
Hopkins Byron G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.14%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
West Wynwood Investments Llc $355,000 None Listed On Document
Tenyenhuis Ari J -- None Available
Tenyenhius Ari J $195,000 None Available
Hopkins Byron G $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Wynwood Investments Llc $339,200
Closed West Wynwood Investments Llc $266,250
Previous Owner Tenyenhuis Ari J $177,117
Previous Owner Tenyenhius Ari J $174,580
Previous Owner Hopkins Byron G $84,000
Closed Hopkins Byron G $15,750
Closed West Wynwood Investments Llc $88,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $355,000 +3.5% $154 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $343,000 -- $149 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $6,600 $166,800 $35,500 $131,300
2023 $6,489 $166,800 $35,500 $131,300
2022 $6,219 $166,800 $35,500 $131,300
2021 $6,086 $166,800 $35,500 $131,300
2020 $6,086 $166,800 $35,500 $131,300
2019 $5,995 $166,800 $35,500 $131,300
2018 $3,120 $166,800 $35,500 $131,300
2017 $4,717 $102,700 $22,400 $80,300
2016 $4,674 $102,700 $22,400 $80,300
2015 $1,823 $102,700 $22,400 $80,300
2014 $3,652 $102,700 $22,400 $80,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2020150

Bright MLS

APN: 335-60677-0-0000