NOT LISTED FOR SALE

Estimated Value: $288,000 - $379,000

-- Bed
2 Baths
3,412 Sq Ft
$99/Sq Ft Est. Value

Last Sold November 06, 2017

Last sale price $150,000 $44 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $2,208/month

8 Days on Market

Highlights

  • 0.15 Acre Lot
  • Parking Storage or Cabinetry
  • Radiator
  • No HOA
  • Outdoor Storage
  • 3-minute walk to Crystal Park

About This Home

As of November 2017

2 Residential Units, 1 Large Warehouse or convert to 2 warehouses, and 8 Garages with 3 storage unit size. Residential tenants are long term. Projected cap rate estimated at 13% with all units rented.

Last Agent to Sell the Property

Ron Shepherd

(717) 587-7390 ron@shepherdrealestate.com Iron Valley Real Estate of Lancaster Listed on: 09/25/2017

Co-Listed By

David Wissler

(717) 715-2430 david@golancasterhomes.com Coldwell Banker Realty License #RS277709

Last Buyer's Agent

Tim Charles

(717) 490-5953 homelancaster@gmail.com Kingsway Realty - Lancaster License #AB069173

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,652

Lot Details

  • 6,534

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Rubber Roof
  • Aluminum Siding

Parking

  • Garage
  • Parking Storage or Cabinetry
  • On-Street Parking
  • Off-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Washer and Dryer Hookup
  • Basement Fills Entire Space Under The House
  • Outdoor Storage
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3383229700000

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $2,224
  • Maintenance Expense $185
  • Other Expense $3,161
  • Trash Expense $620
  • Operating Expense $6,190
  • Net Operating Income $23,158

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,652

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Other Expense: 3160.55
  • Storage: Basement, Garage
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Washer/Dryer Hookups Only
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Exterior Amenities: Public Transport Nearby
  • Exterior Features: Secure Storage
  • Roof: Composite, Shingle, Rubber
  • 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, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.15
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4067876
  • School Tax: 2206.70
  • Tax Annual Amount: 3651.61
  • Assessor Parcel Number: 3383229700000
  • County Tax Payment Frequency: Annually

Multi Family

  • Gross Income: 33000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6189.96
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2017
Closed on
Nov 1, 2017
Sold by
Blu Heritage Properties Llc
Bought by
Allgire Management Llc
Seller's Agent
Ron Shepherd
Iron Valley Real Estate of Lancaster
Buyer's Agent
Tim Charles
Kingsway Realty - Lancaster
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%
Current Estimated Value
$337,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,280
Avg. Annual Appreciation
10.53%
Original Mortgage
$120,000
Outstanding Balance
$65,898
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,382

Purchase Details

Listed on
Aug 11, 2014
Closed on
Dec 16, 2014
Bought by
Blu Heritage Properties Llc
Seller's Agent
Mark Rebert
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Ed Hutchins
Shepherd Real Estate, LLC
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Kirchner Henry J and Kirchner Susan M
Bought by
Mastros Michael R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Allgire Management Llc $150,000 None Available
Blu Heritage Properties Llc $135,000 --
Mastros Michael R $77,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allgire Management Llc $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2017 11/06/17 Sold $150,000 -3.2% $44 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
09/25/2017 09/25/17 For Sale $154,900 +14.7% $45 / Sq Ft
12/12/2014 12/12/14 Sold $135,000 -10.0% $40 / Sq Ft View Prior Sale
11/24/2014 11/24/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $150,000 -- $44 / 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
2025 $5,203 $131,500 $15,700 $115,800
2024 $5,203 $131,500 $15,700 $115,800
2023 $5,116 $131,500 $15,700 $115,800
2022 $4,903 $131,500 $15,700 $115,800
2021 $4,798 $131,500 $15,700 $115,800
2020 $4,798 $131,500 $15,700 $115,800
2019 $4,726 $131,500 $15,700 $115,800
2018 $2,805 $131,500 $15,700 $115,800
2017 $3,652 $79,500 $14,900 $64,600
2016 $3,618 $79,500 $14,900 $64,600
2015 $1,412 $79,500 $14,900 $64,600
2014 $3,158 $79,500 $14,900 $64,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002668851

Bright MLS

APN: 338-32297-0-0000