NOT LISTED FOR SALE

553 Cloverbrook Dr Ephrata, PA 17522

Ephrata Area
Studio
-- Baths
4,744 Sq Ft
0.67 Acre Lot

Sale Details

Date Sold: July 29, 2022

Last sale price $525,000 $111 Per Sq Ft

6 Days on Market

Highlights

  • 0.67 Acre Lot
  • Central Air
  • Heat Pump System
  • Traditional Architecture
  • Carpet

About This Home

As of July 2022

Come take a look at this 5-unit apartment building in Ephrata Boro today! Well maintained, nice central location, and some room to improve to the next level. There are 4 (1-bedroom apartments), and 1 ((3-bedroom) apartment. Each apartment has it's own heating and cooling, washer/dryer in unit, and designated parking spot. Units have been kept up over it's history with updated bathrooms, paint, and general upkeep. A savvy buyer could make additional cosmetic improvements and quickly bring up to another level. Take a look today at your new apartment complex!

Last Agent to Sell the Property

Andy Esbenshade

(717) 393-0100 brendad@homesale.com Berkshire Hathaway HomeServices Homesale Realty Listed on: 06/07/2022

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Mick Kalata

(717) 393-0100 brendad@homesale.com Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Joel Latshaw

(717) 256-3336 joel.latshaw@gmail.com Focus Realty LLC License #RS342033

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,095

Year Built

  • Built in 1972

Lot Details

  • 29,185 Sq Ft Lot
  • Property is in good condition

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,744 Sq Ft Home
  • Carpet
  • Basement Fills Entire Space Under The House

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • 4 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for lawn/shrub care, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 260-11451-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,095

Year Built

Built in 1972

Lot Details

0.67 Acres

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: All tenant items
  • Inclusions: washer/dryers in each unit, refrigerators, stove, shed
  • New Construction: No
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 4744
  • Living Area Sq Ft: 4744
  • Price Per Sq Ft: 94.84
  • Above Grade Finished Sq Ft: 4744
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Stucco
  • Roof: Composite, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.67
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 29185.00
  • Property Condition: Good
  • Zoning: COMMERCIAL

Rental Info

  • Owner Pays: Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 4823.00
  • Tax Annual Amount: 6095.00
  • Assessor Parcel Number: 260-11451-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: EPHRATA AREA

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

Listed on
Jun 7, 2022
Closed on
Jul 28, 2022
Sold by
Warshaw Roberta S
Bought by
Seller's Agent
Andy Esbenshade
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Joel Latshaw
Focus Realty LLC
List Price
$449,900
Sold Price
$525,000
Premium/Discount to List
$75,100
16.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Outstanding Balance
$469,538
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2008
Sold by
Heise Paul A
Bought by
Heise Paul A

Purchase Details

Closed on
Jul 29, 2002
Sold by
Cloverbrook Development Inc
Bought by
Heise Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,500
Interest Rate
6.64%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ephrata, PA

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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
$525,000 None Listed On Document
Heise Paul A -- None Available
Heise Paul A $912,500 --
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
Open $530,000
Previous Owner Heise Paul A $642,500
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
07/29/2022 07/29/22 Sold $525,000 +16.7% $111 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $449,900 -- $95 / 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 $6,677 $272,200 $62,100 $210,100
2025 $6,528 $272,200 $62,100 $210,100
2024 $6,528 $272,200 $62,100 $210,100
2023 $6,367 $272,200 $62,100 $210,100
2022 $6,096 $272,200 $62,100 $210,100
2021 $5,968 $272,200 $62,100 $210,100
2020 $5,968 $272,200 $62,100 $210,100
2019 $5,886 $272,200 $62,100 $210,100
2018 $4,614 $272,200 $62,100 $210,100
2017 $5,140 $194,200 $51,200 $143,000
2016 $5,099 $194,200 $51,200 $143,000
2015 $1,127 $194,200 $51,200 $143,000
2014 $3,806 $194,200 $51,200 $143,000
Source: Public Records

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Map

Source: Bright MLS

MLS Number: PALA2019770

Bright MLS

APN: 260-11451-0-0000

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