NOT LISTED FOR SALE

603 W North Ave Palmyra, PA 17078

Estimated Value: $1,065,485

-- Bed
1 Bath
-- Sq Ft
1.1 Acres

Last Sold January 10, 2014

Last sale price $510,000

Est. 109% increase in value since last sale

Current estimated payment $6,921/month

463 Days on Market

Highlights

  • 1.1 Acre Lot
  • Deck
  • Porch
  • Palmyra Area Senior High School Rated 9+
  • No HOA
  • Cooling Available

About This Home

As of January 2014

2 4 unit buildings featuring 2 bedroom apartments. Building built in 1985. In addition to the apartment rentals, are 12 storage garages. This property has not been separately assessed, taxes have been estimated by the owner based on rents. Income based on current rents; some expenses are estimated. Owner is retiring. Great opportunity. Additional properties are available that adjoin this tract.

Last Agent to Sell the Property

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L Listed on: 05/28/2012

RE/MAX Pinnacle

Last Buyer's Agent

Joette Swartz

(717) 319-4152 JoetteSwartz@remax.net RE/MAX Realty Select License #RS311657

RE/MAX Realty Select

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,700

Year Built

  • Built in 1985

Lot Details

  • 1.1 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Gas Oven or Range
  • Stove
  • Disposal

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • 200+ Amp Service

Listing and Financial Details

  • Tenant pays for cable TV, cooking fuel, electricity, heat, hot water
  • The owner pays for insurance, real estate taxes, repairs
  • Assessor Parcel Number 2288370-355755

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Electric Expense $207
  • Insurance Expense $1,804
  • Maintenance Expense $1,200
  • Trash Expense $3,392
  • Operating Expense $19,498
  • Net Operating Income $50,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,700

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator, Disposal, Oven - Single, Stove
  • Fireplace: No
  • Room List: Living Room, Kitchen, Bedroom 6
  • Laundry Type: Dryer In Unit, Washer In Unit, Hookup

Exterior Features

  • Construction Completed: No
  • Exterior Amenities: Fenced Storage/Yard
  • Roof: Fiberglass, 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: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Electric Expense: 207.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3195.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 1.10
  • Outdoor Living Structures: Porch(es), Deck(s)

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Insurance, Taxes - Real Estate, Repairs
  • Tenant Pays: Cable Tv, Cooking Fuel, Electricity, Heat, Hot Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 69900.00
  • Operating Expense: 19498.00
  • Other Units: Unit 1
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 9700.00
  • Assessor Parcel Number: 2288370-355755
  • Tax Year: 2013

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2014 01/10/14 Sold $510,000 -26.6% --
09/03/2013 09/03/13 Pending -- -- --
05/28/2012 05/28/12 For Sale $695,000 -- --
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 $15,797 $552,800 $59,000 $493,800
2024 $13,955 $552,800 $59,000 $493,800
2023 $9,316 $552,800 $59,000 $493,800
2022 $9,316 $552,800 $59,000 $493,800
2021 $12,375 $552,800 $59,000 $493,800
2020 $12,218 $552,800 $59,000 $493,800
2019 $11,956 $552,800 $59,000 $493,800
2018 $11,577 $552,800 $59,000 $493,800
2017 $3,429 $552,800 $59,000 $493,800
2016 $10,869 $552,800 $59,000 $493,800
2015 -- $552,800 $59,000 $493,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000034080

Bright MLS

APN: 16-2288069-355831-0000