NOT LISTED FOR SALE

554 Lincoln Way E Chambersburg, PA 17201

-- Bed
1 Bath
-- Sq Ft
10,019 Sq Ft Lot

Last Sold December 18, 2015

Last sale price $215,000

90 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Porch

About This Home

As of December 2015

8 Unit Apartment Building, Potential Gross Annual Income of $60,000 Near Chambersburg Hospital, Off street parking, Basement Laundry Area, All Appliances Convey, Zoned Commercial, OWNER IS LICENSED REAL ESTATE AGENT

Last Agent to Sell the Property

Jay Starr

RE/MAX Realty Agency, Inc. Listed on: 07/21/2015

RE/MAX Realty Agency, Inc.

Last Buyer's Agent

Wes Strite

Cedar Spring Realty

Cedar Spring Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 10,019

Parking

  • Off-Street Parking

Basement

  • Partial Basement
  • Rear Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Porch
  • 10,019 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 3-1E03-90

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $20,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1951
  • Remarks Public: 8 Unit Apartment Building, Potential Gross Annual Income of $60,000 Near Chambersburg Hospital, Off street parking, Basement Laundry Area, All Appliances Convey, Zoned Commercial, OWNER IS LICENSED REAL ESTATE AGENT
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Rear Entrance, Partial
  • Street Number Modifier: 554

Exterior Features

  • Construction Materials: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 43730.00
  • Land Assessed Value: 3500.00
  • Lot Size Acres: 0.23
  • Lot Size Area: 10019
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 1961
  • Zoning: DCN
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10711354
  • Tax Annual Amount: 6910.69
  • Assessor Parcel Number: 3-1E03-90
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014
  • Close Date: 12/18/2015

Multi Family

  • Gross Income: 50000.00
  • Operating Expense: 20000.00
  • Vacancy Allowance Rate: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2015
Closed on
Dec 15, 2015
Sold by
Starr Jay L and Starr Pamela
Bought by
Garvin and Darren J Deborah A
Seller's Agent
Jay Starr
RE/MAX Realty Agency, Inc.
Buyer's Agent
Wes Strite
Cedar Spring Realty
List Price
$228,000
Sold Price
$215,000
Premium/Discount to List
-$13,000
-5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$138,610
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2009
Sold by
Starr Jay L and Starr Roxane T
Bought by
Starr Jay L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.52%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Garvin $215,000 Attorney
Starr Jay L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garvin $225,000
Previous Owner Starr Jay L $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $215,000 -5.7% --
10/19/2015 10/19/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $228,000 -- --
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
2025 $9,370 $47,230 $3,500 $43,730
2024 $8,988 $47,230 $3,500 $43,730
2023 $8,756 $47,230 $3,500 $43,730
2022 $8,517 $47,230 $3,500 $43,730
2021 $8,470 $47,230 $3,500 $43,730
2020 $8,285 $47,230 $3,500 $43,730
2019 $8,043 $47,230 $3,500 $43,730
2018 $7,797 $47,230 $3,500 $43,730
2017 $7,346 $47,230 $3,500 $43,730
2016 $1,353 $47,230 $3,500 $43,730
2015 $1,261 $47,230 $3,500 $43,730
2014 $1,261 $47,230 $3,500 $43,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000211985

Bright MLS

APN: 03-1E03-090-000000