NOT LISTED FOR SALE

59 S East St Spring Grove, PA 17362

Estimated Value: $164,000 - $265,000

-- Bed
2 Baths
1,760 Sq Ft
$115/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $124,700 $71 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,303/month

Highlights

  • Colonial Architecture
  • Hot Water Baseboard Heater
  • 4-minute walk to Spring Grove Community Park
  • No HOA

About This Home

As of August 2019

Cash Flow Opportunity! 2 Unit side by side 2 bd rm units in downtown Spring Grove. New windows and roof done in 2012, new furnace in 59 S East in 2018 and 61 S East has just been freshly painted and new flooring installed. Heat, Electric, hot water, sewer and trash are seperate. Owner has been paying sewer and trash for the current tenant to mow grass and remove snow. Gross cash flow is projected on 61 S East renting for $650 monthly.

Last Agent to Sell the Property

Jason Forry

(717) 476-8787 jasonforryrealtor@gmail.com Cummings & Co. Realtors License #5000834 Listed on: 06/24/2019

Cummings & Co. Realtors

Co-Listed By

Ray Hoover

Ray.hooverre@yahoo.com RE/MAX Quality Service, Inc.

Last Buyer's Agent

Colin Cameron

(240) 401-4365 colin@smalltownagents.com EXP Realty, LLC License #RS328699

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,605

Year Built

  • Built in 1920

Lot Details

  • 3,224 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,760 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Frame Construction
  • Asphalt Roof

Basement

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

Utilities

  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes, water
  • Tax Lot 0267
  • Assessor Parcel Number 85-000-02-0267-00-00000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $604
  • Operating Expense $5,501
  • Net Operating Income $10,099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,605

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Refrigerator and freezer in 59 S East St.
  • Inclusions: 2 range/ovens and refrigerator in 61 S East St.
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Cash Flow Opportunity! 2 Unit side by side 2 bd rm units in downtown Spring Grove. New windows and roof done in 2012, new furnace in 59 S East in 2018 and 61 S East has just been freshly painted and new flooring installed. Heat, Electric, hot water, sewer and trash are seperate. Owner has been paying sewer and trash for the current tenant to mow grass and remove snow. Gross cash flow is projected on 61 S East renting for $650 monthly.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full, Interior Access
  • Total Sq Ft: 1760
  • Living Area Sq Ft: 1760
  • Price Per Sq Ft: 70.85
  • Above Grade Finished Sq Ft: 1760
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 59

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: SPRING GROVE AREA
  • School District Key: 300200396721
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 122
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3224.00
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Insurance, Taxes - Real Estate, Water
  • Total Actual Rent: 15600.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10908877
  • School Tax: 1737.00
  • Tax Annual Amount: 2605.00
  • Assessor Parcel Number: 85-000-02-0267-00-00000
  • Tax Lot: 0267
  • Tax Total Finished Sq Ft: 1760
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 08/12/2019

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 15600.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5501.00
  • Other Units: Unit 1,Unit 2
  • Vacancy Allowance Rate: 780.00

MLS Schools

  • School District Name: SPRING GROVE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 6, 2019
Sold by
Baker Derrick A and Baker Brandy L
Bought by
Palmgren Erin C
Seller's Agent
Jason Forry
Cummings & Co. Realtors
Buyer's Agent
Colin Cameron
EXP Realty, LLC
List Price
$124,700
Sold Price
$124,700
Current Estimated Value
$201,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,881
Avg. Annual Appreciation
8.12%
Original Mortgage
$122,440
Outstanding Balance
$108,415
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$93,166

Purchase Details

Closed on
May 7, 2004
Sold by
Strine Ronald H and Strine Emily S
Bought by
Baker Derrick A and Baker Brandy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2001
Sold by
Wintrode Dwight R and Wintrode Pearl A
Bought by
Strine Ronald H and Strine Emily S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
7.06%
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
Palmgren Erin C $124,700 None Available
Baker Derrick A $76,000 --
Strine Ronald H $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmgren Erin C $122,440
Previous Owner Baker Derrick A $68,400
Previous Owner Strine Ronald H $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $124,700 0.0% $71 / Sq Ft
07/07/2019 07/07/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $124,700 -- $71 / 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 $2,809 $75,210 $21,220 $53,990
2024 $2,782 $75,210 $21,220 $53,990
2023 $2,782 $75,210 $21,220 $53,990
2022 $2,782 $75,210 $21,220 $53,990
2021 $2,675 $75,210 $21,220 $53,990
2020 $2,656 $75,210 $21,220 $53,990
2019 $2,605 $75,210 $21,220 $53,990
2018 $2,499 $75,210 $21,220 $53,990
2017 $2,446 $75,210 $21,220 $53,990
2016 $0 $75,210 $21,220 $53,990
2015 -- $75,210 $21,220 $53,990
2014 -- $75,210 $21,220 $53,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAYK119632

Bright MLS

APN: 85-000-02-0267.00-00000