NOT LISTED FOR SALE

Estimated Value: $149,000 - $192,000

Studio
1 Bath
2,408 Sq Ft
$71/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $255,000 $106 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $1,085/month

4 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • No HOA
  • 3-minute walk to Rodney Park

About This Home

As of September 2020

INVESTMENT OPPORTUNITY - Package Deal of 3 separately deeded townhouse rentals at 615, 631, & 647 George Street, Lancaster, PA. Tenants Reimburse Owner for Water & Sewer (Included in Income). The "Other Expense" in listing details is $6279 for taxes & $1156 for water & sewer). Two of the homes have off street parking.

Last Agent to Sell the Property

Timothy Shreiner

(717) 560-9100 shreinergroup@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS187003L Listed on: 08/10/2020

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Joel Leaman

(717) 560-9100 jleaman@homesale.com Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Leroy Zook

(717) 735-2204 leroyzook@kw.com Prime Home Real Estate, LLC License #RS346609

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,279

Year Built

  • Built in 1925

Lot Details

  • 2,613 Sq Ft Lot
  • Property is in good condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,408 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Gas Oven or Range

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • On-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, real estate taxes, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • West End Lancaster Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,198
  • Other Expense $7,435
  • Trash Expense $720
  • Operating Expense $9,503
  • Gross Income $32,115
  • Net Operating Income $22,612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,279

Year Built

Built in 1925

Lot Details

2,613 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: All window A/C units are excluded (There is not type of air conditioning units included) - they are owned by the tenants.
  • Inclusions: Refrigerator in Each Unit
  • New Construction: No
  • Other Expense: 7435.00
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Oven/Range - Gas, Refrigerator
  • Interior Amenities: Wood Floors
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2408
  • Living Area Sq Ft: 2408
  • Price Per Sq Ft: 105.90
  • Above Grade Finished Sq Ft: 2408
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Unknown, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2613.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Good
  • Zoning: R3
  • Zoning Description: Medium Density Residential

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3792.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6279.00
  • Assessor Parcel Number: NO TAX RECORD
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Gross Scheduled Income: 32115.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 9503.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Sep 11, 2020
Sold by
Hamilton Paul R
Bought by
418 Fairview Llc
Seller's Agent
Timothy Shreiner
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Leroy Zook
Prime Home Real Estate, LLC
List Price
$225,000
Sold Price
$255,000
Premium/Discount to List
$30,000
13.33%
Current Estimated Value
$170,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,666
Avg. Annual Appreciation
-7.05%

Purchase Details

Closed on
Mar 14, 2008
Sold by
Wiley Michelle L
Bought by
Wiley Terry N and Wiley Michelle L

Purchase Details

Closed on
Dec 19, 2001
Sold by
First Union National Bank
Bought by
Wiley Terry N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
418 Fairview Llc $85,000 Prime Transfer Inc
Wiley Terry N -- None Available
Wiley Terry N $28,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $255,000 0.0% $106 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/10/2020 08/10/20 Price Changed $255,000 +13.3% $106 / Sq Ft
08/10/2020 08/10/20 For Sale $225,000 -- $93 / 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 $2,378 $60,100 $14,600 $45,500
2024 $2,378 $60,100 $14,600 $45,500
2023 $2,338 $60,100 $14,600 $45,500
2022 $2,241 $60,100 $14,600 $45,500
2021 $2,193 $60,100 $14,600 $45,500
2020 $2,193 $60,100 $14,600 $45,500
2019 $2,160 $60,100 $14,600 $45,500
2018 $2,516 $60,100 $14,600 $45,500
2017 $2,255 $49,100 $15,400 $33,700
2016 $2,235 $49,100 $15,400 $33,700
2015 $872 $49,100 $15,400 $33,700
2014 $1,950 $49,100 $15,400 $33,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA168190

Bright MLS

APN: 338-14606-0-0000

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