NOT LISTED FOR SALE

Estimated Value: $352,000 - $419,000

-- Bed
2 Baths
3,138 Sq Ft
$124/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $225,000 $72 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,725/month

Highlights

  • 0.11 Acre Lot
  • More Than Two Accessible Exits
  • Electric Baseboard Heater
  • No HOA

About This Home

As of December 2020

WELCOME HOME! This is an excellent opportunity to own a cash flowing 3- unit property located on the up and coming South East part of Lancaster city. There are 2 updated apartments and one 3 bedroom house that has been occupied by a long term tenant and could use TLC. The property has updated windows, electric and gas heating options, tenants pay all utilities, landlord pays w/s/t. All leases are currently on month-to-month status. Perfect for an owner occupant to have their tenants pay the mortgage or an investor who wants positive cash flow.

Last Listed By

Sukie Ramos Suarez

Home 1st Realty License #RS339419 Listed on: 09/30/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,128

Year Built

  • Built in 1900

Lot Details

  • 4,792

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,138 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Jackson Middle School
  • Mccaskey Campus High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, water, trash collection
  • Assessor Parcel Number 337-59383-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Net Operating Income $24,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,128

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: WELCOME HOME! This is an excellent opportunity to own a cash flowing 3- unit property located on the up and coming South East part of Lancaster city. There are 2 updated apartments and one 3 bedroom house that has been occupied by a long term tenant and could use TLC. The property has updated windows, electric and gas heating options, tenants pay all utilities, landlord pays w/s/t. All leases are currently on month-to-month status. Perfect for an owner occupant to have their tenants pay the mortgage or an investor who wants positive cash flow.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3138
  • Living Area Sq Ft: 3138
  • Price Per Sq Ft: 76.45
  • Above Grade Finished Sq Ft: 3138
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 601

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • Middle School: JACKSON
  • High School: MCCASKEY CAMPUS
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397286
  • School District Source: Listing Agent
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: JACKSON

Lot Info

  • Land Use Code: 115
  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Sewer, Water, Trash Collection
  • Total Actual Rent: 33000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3097.00
  • Tax Annual Amount: 5128.00
  • Assessor Parcel Number: 337-59383-0-0000
  • Tax Total Finished Sq Ft: 3138
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/11/2020

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2016
Sold by
Tnnt Contracting Llc
Bought by
Boyd Brian Martin
Total Days on Market
0
Current Estimated Value
$388,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Outstanding Balance
$141,118
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$235,746

Purchase Details

Closed on
Jan 23, 2016
Sold by
Melgar Luis E
Bought by
Tnnt Contracting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2009
Sold by
Gashi Qamil
Bought by
Melgar Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,628
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2008
Sold by
Bornmann Carl F and Bornmann Carrie P
Bought by
Gashi Qamil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,902
Interest Rate
5.93%
Mortgage Type
FHA

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
Boyd Brian Martin $189,000 Attorney
Tnnt Contracting Llc $83,000 First American Title Ins Co
Melgar Luis $158,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyd Brian Martin $170,100
Previous Owner Tnnt Contracting Llc $117,000
Previous Owner Melgar Luis $155,628
Previous Owner Gashi Qamil $94,902
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $225,000 -6.2% $72 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $239,900 -- $76 / 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 $6,620 $167,300 $22,900 $144,400
2023 $6,509 $167,300 $22,900 $144,400
2022 $6,238 $167,300 $22,900 $144,400
2021 $6,104 $167,300 $22,900 $144,400
2020 $6,104 $167,300 $22,900 $144,400
2019 $6,012 $167,300 $22,900 $144,400
2018 $3,568 $167,300 $22,900 $144,400
2017 $4,377 $95,300 $18,200 $77,100
2016 $4,337 $95,300 $18,200 $77,100
2015 $1,692 $95,300 $18,200 $77,100
2014 $3,785 $95,300 $18,200 $77,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA170086

Bright MLS

APN: 336-58309-0-0000