NOT LISTED FOR SALE

603 S Lime St Lancaster, PA 17602

Stevens Neighborhood

Estimated Value: $348,000 - $436,000

Studio
2 Baths
3,138 Sq Ft
$126/Sq Ft Est. Value

Last Sold December 11, 2020

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

Est. 76% increase in value since last sale

Current estimated payment $2,592/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 Agent to Sell the Property

Sukie Ramos Suarez

(717) 208-3250 suarez325@gmail.com Home 1st Realty License #RS339419 Listed on: 09/30/2020

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office

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

  • Heating System Uses Natural Gas
  • 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

4,792 Sq Ft Lot

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
  • 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

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

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: JACKSON

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4792.00
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 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
Current Estimated Value
$396,244

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
$137,564
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$258,680

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $6,620 $167,300 $22,900 $144,400
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

  • Sukie Ramos Suarez

    Seller's Agent in 2020

    Sukie Ramos Suarez

    Home 1st Realty

    (717) 380-8122

    6 in this area

    132 Total Sales

    Sukie Ramos Suarez
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Map

Source: Bright MLS

MLS Number: PALA170086

Bright MLS

APN: 336-58309-0-0000

Pennsylvania Lancaster County Lancaster 17602 Stevens

603 S Lime St, Lancaster, PA

Not Listed for Sale

MultiFamily

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