616 N Shippen St Lancaster, PA 17602
Ross NeighborhoodAbout This Home
As of March 2025Welcome to a great addition to your rental portfolio or move in and start your real estate journey here! 616 N Shippen St, is a fully rented 2 unit property on month to month leases. Featuring a 1 bedroom unit on the first floor with in unit washer and dryer and unit 2 is a 3 bedroom apartment on the second and third floors, also with an in unit washer and dryer. Updates include 2 gas boilers, new roof in 2016, new vinyl windows and updated plumbing. The location of this property is a ideal, steps from great dining, shopping, and the hospital. Check out this opportunity today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,706
Year Built
- Built in 1898
Lot Details
- 1,742 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 1,742 Sq Ft Home
- Duplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Poured Concrete
- Shingle Roof
- Composition Roof
- Asphalt Roof
- Rubber Roof
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Mccaskey Campus High School
Utilities
- Hot Water Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for real estate taxes, sewer, water, trash collection
- Assessor Parcel Number 336-02027-0-0000
Community Details
Overview
- 2 Units
- Lancaster Northeast Subdivision
Building Details
- Income includes apartment rentals
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $300,000 | 0.0% | $172 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/14/2025 01/14/25 | For Sale | $300,000 | -- | $172 / Sq Ft |
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 | $4,657 | $117,700 | $20,000 | $97,700 |
| 2023 | $4,579 | $117,700 | $20,000 | $97,700 |
| 2022 | $4,388 | $117,700 | $20,000 | $97,700 |
| 2021 | $4,294 | $117,700 | $20,000 | $97,700 |
| 2020 | $4,294 | $117,700 | $20,000 | $97,700 |
| 2019 | $4,230 | $117,700 | $20,000 | $97,700 |
| 2018 | $4,928 | $117,700 | $20,000 | $97,700 |
| 2017 | $3,541 | $77,100 | $17,900 | $59,200 |
| 2016 | $3,509 | $77,100 | $17,900 | $59,200 |
| 2015 | $1,369 | $77,100 | $17,900 | $59,200 |
| 2014 | $3,062 | $77,100 | $17,900 | $59,200 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $270,000 | New Conventional | |
| Previous Owner | $30,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $71,500 | Unknown | |
| Previous Owner | $380,000 | Unknown | |
| Previous Owner | $79,100 | Fannie Mae Freddie Mac |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | First American Abstract | |
| Deed | $87,900 | -- |
Source: Bright MLS
MLS Number: PALA2062922
APN: 336-02027-0-0000
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