Seller's Agent in 2023
Michelle Bush
One Purpose Realty LLC
(717) 945-3360
1 in this area
94 Total Sales
629 N Franklin St Lancaster, PA 17602
Ross NeighborhoodEstimated Value: $404,592 - $405,000
--
Bed
--
Bath
--
Sq Ft
3,049
Sq Ft Lot
Highlights
- Corner Lot
- Hot Water Heating System
- 4-minute walk to 6th Ward Park
About This Home
As of September 2023Incredible opportunity to own a fully occupied 3 unit with room for rent increases! First floor tenant operates a corner market and is looking to expand their offerings in the near future. Store is responsible for snow, mow, and trash for the entire building. The upstairs apartment is a 3 bedroom unit with a long term tenant who has been there for over 10 years. The back apartment is a recently added 2 bedroom that is modern and beautiful. Each residential unit has a parking space behind the building. Updated electric, newer roof, newer windows, and in great condition! Only a few blocks from the high school. An excellent addition to your investment portfolio, or great for a first time investor who wants to live in one apartment and benefit from the rental income from the other units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,645
Year Built
- Built in 1924
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
- Property is in good condition
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
- Rubber Roof
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Off-Street Spaces
- Paved Parking
- On-Street Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Additional Features
- Basement Fills Entire Space Under The House
- Urban Location
Community Details
- 3 Units
- 2-Story Building
- Lancaster Subdivision
Listing and Financial Details
- The owner pays for water, sewer, gas
- Assessor Parcel Number 336-88892-0-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2023
Closed on
Sep 14, 2023
Sold by
Sep Realty Investments Llc
Bought by
Luz Celenia Real Estate Llc
Seller's Agent
Michelle Bush
One Purpose Realty LLC
Buyer's Agent
Ada Rivera
Home 1st Realty
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%
Views
90
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,796
Avg. Annual Appreciation
3.36%
Original Mortgage
$321,300
Outstanding Balance
$315,112
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving
Estimated Equity
$89,684
Purchase Details
Listed on
Jul 7, 2016
Closed on
Nov 23, 2016
Sold by
Kifle Mehari and Gebremeskel Roman
Bought by
Sep Realty Investments Llc
Seller's Agent
Spencer Speros
A' La Carte Real Estate Svcs
Buyer's Agent
David Mersky
Manor West Realty
List Price
$185,000
Sold Price
$165,000
Premium/Discount to List
-$20,000
-10.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$165,000
Interest Rate
3.47%
Mortgage Type
Commercial
Purchase Details
Closed on
May 14, 2014
Sold by
Kirchner Gwendolyn J
Bought by
Kifle Mehake and Gebremeskel Roman
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Luz Celenia Real Estate Llc | $380,000 | None Listed On Document | |
| Sep Realty Investments Llc | $165,000 | Attorney | |
| Kifle Mehake | $103,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Luz Celenia Real Estate Llc | $321,300 | |
| Previous Owner | Sep Realty Investments Llc | $165,000 | |
| Previous Owner | Kifle Mehari | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $380,000 | -1.3% | -- |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- |
| 07/06/2023 07/06/23 | For Sale | $385,000 | +133.3% | -- |
| 11/23/2016 11/23/16 | Sold | $165,000 | -10.8% | $50 / Sq Ft |
| 11/15/2016 11/15/16 | Pending | -- | -- | -- |
| 07/07/2016 07/07/16 | For Sale | $185,000 | -- | $56 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2025 | $4,725 | $119,400 | $40,300 | $79,100 |
| 2024 | $4,725 | $119,400 | $40,300 | $79,100 |
| 2023 | $4,645 | $119,400 | $40,300 | $79,100 |
| 2022 | $4,452 | $119,400 | $40,300 | $79,100 |
| 2021 | $4,356 | $119,400 | $40,300 | $79,100 |
| 2020 | $4,356 | $119,400 | $40,300 | $79,100 |
| 2019 | $4,291 | $119,400 | $40,300 | $79,100 |
| 2018 | $2,546 | $119,400 | $40,300 | $79,100 |
| 2017 | $4,341 | $94,500 | $23,500 | $71,000 |
| 2016 | $4,301 | $94,500 | $23,500 | $71,000 |
| 2015 | $1,678 | $94,500 | $23,500 | $71,000 |
| 2014 | $6,415 | $161,500 | $23,500 | $138,000 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Bush
-
Ada Rivera
Buyer's Agent in 2023
Ada Rivera
Home 1st Realty
(717) 615-3400
5 in this area
201 Total Sales
-
Spencer Speros
Seller's Agent in 2016
Spencer Speros
A' La Carte Real Estate Svcs
(717) 431-0858
2 in this area
44 Total Sales
-
David Mersky
D
Buyer's Agent in 2016
David Mersky
Manor West Realty
(717) 629-5476
10 Total Sales
Map
Source: Bright MLS
MLS Number: PALA2037416
APN: 336-88892-0-0000
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