NOT LISTED FOR SALE

Estimated Value: $425,239

-- Bed
-- Bath
2,142 Sq Ft
$199/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $325,000 $152 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,698/month

Highlights

  • Wood Flooring
  • Property is in very good condition
  • 3-minute walk to Crystal Park
  • No HOA
  • Radiator

About This Home

As of November 2021

Three unit in excellent Chestnut Hill location in downtown Lancaster, this property features two residential units and the main floor commercial space. Great income producing property. Main floor commercial space is currently occupied by the owner's water ice business. Need office space and want to provide income, this is an opportunity for you. The water ice business is also for sale.

Last Agent to Sell the Property

Calvin Yoder

(717) 413-0744 calyoder@kw.com Keller Williams Elite License #RM423455 Listed on: 08/10/2021

Keller Williams Elite

Last Buyer's Agent

Logan Chappel

(717) 475-7129 logan@jrheller.com JRHeller.com LLC License #RM425893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,884

Year Built

  • Built in 1900

Lot Details

  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • 2,142 Sq Ft Home
  • Triplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof
  • Built-Up Roof
  • Rubber Roof

Flooring

  • Wood
  • Carpet
  • Vinyl

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Utilities

  • Radiator
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, pest control, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 335-37849-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Maintenance Expense $500
  • Trash Expense $412
  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,884

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Home Warranty: No
  • Inclusions: All appliances in unit 2 & 3. Potential purchase of the Water Ice Business.
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Three unit in excellent Chestnut Hill location in downtown Lancaster, this property features two residential units and the main floor commercial space. Great income producing property. Main floor commercial space is currently occupied by the owner's water ice business. Need office space and want to provide income, this is an opportunity for you. The water ice business is also for sale.
  • Special Features: None

Interior Features

  • Flooring Type: Vinyl, Hardwood, Carpet
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Outside Entrance, Partially Finished
  • Total Sq Ft: 2142
  • Living Area Sq Ft: 2142
  • Price Per Sq Ft: 151.73
  • Above Grade Finished Sq Ft: 2142
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 617

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks
  • Roof: Built-Up, Composite, Shingle, Rubber
  • 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
  • Cooling Fuel: Electric
  • Monthly Average Electric: 92
  • Previous Twelve Months Electric Expense: 1100.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Pest Control Expense: 500.00
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available
  • Monthly Water Average: 233
  • Water Previous Twelve Months: 2800.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 88800.00
  • Land Assessed Value: 42200.00
  • Land Use Code: 575
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good, Very Good
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Pest Control, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 25800.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4058989
  • School Tax: 2970.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4884.00
  • Assessor Parcel Number: 335-37849-0-0000
  • Tax Total Finished Sq Ft: 2142
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/29/2021

Multi Family

  • Gross Income: 25800.00
  • Gross Scheduled Income: 33000.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Nov 29, 2021
Sold by
Wailer Frederick H and Wailer Lynette R
Bought by
Creativc Touch Homes Llc
Seller's Agent
Calvin Yoder
Keller Williams Elite
Buyer's Agent
Logan Chappel
JRHeller.com LLC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$425,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,239
Avg. Annual Appreciation
6.81%
Original Mortgage
$260,000
Outstanding Balance
$239,716
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$177,984

Purchase Details

Closed on
Apr 10, 2018
Sold by
Waller Frederick and Waller Lynette
Bought by
Waller Frederick H and Waller Lynette R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,750
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 6, 2017
Closed on
Dec 29, 2017
Sold by
Szwaba Stanley and Guzowski Anna
Bought by
Waller Frederick and Waller Lynette
Seller's Agent
dan diller
Dan Diller, Realtors
Buyer's Agent
Calvin Yoder
Keller Williams Elite
List Price
$175,900
Sold Price
$135,000
Premium/Discount to List
-$40,900
-23.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Source: Public Records

Range of Values:

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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
Creativc Touch Homes Llc $325,000 None Available
Waller Frederick H -- None Available
Waller Frederick $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Creativc Touch Homes Llc $260,000
Previous Owner Waller Frederick H $83,750
Previous Owner Waller Frederick $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $325,000 0.0% $152 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $325,000 +140.7% $152 / Sq Ft
01/05/2018 01/05/18 Sold $135,000 -23.3% $52 / Sq Ft
06/06/2017 06/06/17 For Sale $175,900 -- $68 / Sq Ft
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 $5,184 $131,000 $42,200 $88,800
2024 $5,184 $131,000 $42,200 $88,800
2023 $5,096 $131,000 $42,200 $88,800
2022 $4,884 $131,000 $42,200 $88,800
2021 $4,779 $131,000 $42,200 $88,800
2020 $4,779 $131,000 $42,200 $88,800
2019 $4,708 $131,000 $42,200 $88,800
2017 $5,135 $111,800 $24,600 $87,200
2016 $5,088 $111,800 $24,600 $87,200
2015 $1,985 $111,800 $24,600 $87,200
2014 $4,441 $111,800 $24,600 $87,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2003318

Bright MLS

APN: 335-37849-0-0000