615 5th St Lancaster, PA 17603
West End NeighborhoodEstimated Value: $178,000 - $309,000
Highlights
- No HOA
- Shed
- 4-minute walk to Rodney Park
- Cooling Available
- Heating Available
About This Home
As of November 2015Attention Investors! Rare opportunity to purchase a 3-unit apt. building at a major discount. The total renovation has not yet been completed and for this reason the seller is willing to put someone in the position to gain major equity by completing the project. Cash flow projections are at $2,000/mo income.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 71x35x65x32
- Property is in below average condition
Parking
- On-Street Parking
Home Design
- Converted Dwelling
- Poured Concrete
- Shingle Roof
- Composition Roof
- Rubber Roof
- Vinyl Siding
- Stucco
Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Shed
- Storage Shed
Schools
- Mccaskey Campus High School
Utilities
- Cooling Available
- Heating Available
- 200+ Amp Service
Listing and Financial Details
- Assessor Parcel Number 3389393500000
Community Details
Overview
- No Home Owners Association
- 3 Units
- Lancaster Subdivision
Building Details
- Income includes apartment rentals
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elam Jr King | $233,400 | None Available | |
| Kauffman Elmer | $70,000 | None Available | |
| Tnnt Contracting Llc | $46,100 | None Available | |
| Federal National Mortgage Association | $3,765 | None Available | |
| Bogart Properties Llc | $109,000 | First American Title Ins Co | |
| Lombardo Samuel G | -- | None Available | |
| Lombardo Shirley J | $2,522 | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Elam Jr King | $235,000 | |
| Closed | King Elam F | $235,000 | |
| Previous Owner | Kauffman Elmer K | $87,100 | |
| Previous Owner | Tnnt Contracting Llc | $45,000 | |
| Previous Owner | Tnnt Contracting Llc | $45,000 | |
| Previous Owner | Stuart Alexander A | $7,519 | |
| Previous Owner | Stuart Alexander A | $91,390 | |
| Previous Owner | Bogart Properties Llc | $351,750 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/16/2015 11/16/15 | Sold | $70,000 | -29.9% | $33 / Sq Ft |
| 11/09/2015 11/09/15 | Pending | -- | -- | -- |
| 09/22/2015 09/22/15 | For Sale | $99,900 | +116.7% | $48 / Sq Ft |
| 06/10/2015 06/10/15 | Sold | $46,100 | +2.4% | $22 / Sq Ft |
| 05/18/2015 05/18/15 | Pending | -- | -- | -- |
| 04/20/2015 04/20/15 | For Sale | $45,000 | -- | $22 / Sq Ft |
Tax History Compared to Growth
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 | $3,462 | $87,500 | $12,500 | $75,000 |
| 2023 | $3,404 | $87,500 | $12,500 | $75,000 |
| 2022 | $3,262 | $87,500 | $12,500 | $75,000 |
| 2021 | $3,192 | $87,500 | $12,500 | $75,000 |
| 2020 | $3,192 | $87,500 | $12,500 | $75,000 |
| 2019 | $3,145 | $87,500 | $12,500 | $75,000 |
| 2018 | $1,866 | $87,500 | $12,500 | $75,000 |
| 2017 | $3,450 | $75,100 | $14,200 | $60,900 |
| 2016 | $3,418 | $75,100 | $14,200 | $60,900 |
| 2015 | $1,333 | $75,100 | $14,200 | $60,900 |
| 2014 | -- | $75,100 | $14,200 | $60,900 |
Map
Source: Bright MLS
MLS Number: 1002736779
APN: 338-93935-0-0000
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