NOT LISTED FOR SALE

641 N Chestnut St Palmyra, PA 17078

Estimated Value: $475,000 - $497,358

-- Bed
4 Baths
4,290 Sq Ft
$113/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $366,000 $85 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,049/month

About This Home

As of December 2021

Great 4-Iunit investment property in nice Palmyra neighborhood with off street parking and big yard. Property is fully occupied. Unit 1 pays $875, Unit 2 $822, Unit 3 $1,100 Unit 4 $ 865. All tenants month to month leases. See Operating Net income and Expenses (documents).Please use Showing Time for all showings, inspections and appraisals. Need 48-hour notice for all showings.

Last Agent to Sell the Property

Yelena Pidgorodetskiy

(717) 471-9927 lenochka1@comcast.net Elite Real Estate Professionals Listed on: 09/29/2021

Last Buyer's Agent

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L

RE/MAX Pinnacle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,821

Year Built

  • Built in 1930

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in good condition

Home Design

  • 4,290 Sq Ft Home
  • Quadruplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Rubber Roof
  • Metal Roof
  • Aluminum Siding

Parking

  • 4 Parking Spaces
  • 4 Off-Site Spaces
  • Alley Access

Utilities

  • Forced Air Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for gas, heat, water, sewer, trash collection
  • Assessor Parcel Number 16-2288727-360342-0000

Community Details

Overview

  • 4 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $13,904
  • Net Operating Income $30,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,821

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Total Sq Ft: 4290
  • Living Area Sq Ft: 4290
  • Price Per Sq Ft: 92.07
  • Above Grade Finished Sq Ft: 4290
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Roof: Metal, Rubber
  • 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: 4
  • Type Of Parking: Alley, Off Site
  • Off Site Number Of Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available, Electric Available
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 170600.00
  • Land Assessed Value: 38900.00
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Property Condition: Good
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 4
  • Owner Pays: Gas, Heat, Water, Sewer, Trash Collection
  • Total Actual Rent: 43944.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10318947
  • School Tax: 3408.00
  • Tax Annual Amount: 4821.00
  • Assessor Parcel Number: 16-2288727-360342-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 43944.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 13904.00

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Dec 17, 2021
Sold by
Jd Highlands Company Llc
Bought by
Four Hp Llc
Seller's Agent
Yelena Pidgorodetskiy
Elite Real Estate Professionals
Buyer's Agent
Robert Fox
RE/MAX Pinnacle
List Price
$395,000
Sold Price
$366,000
Premium/Discount to List
-$29,000
-7.34%
Current Estimated Value
$486,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,179
Avg. Annual Appreciation
7.61%
Original Mortgage
$292,800
Outstanding Balance
$228,965
Interest Rate
2.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$257,214

Purchase Details

Closed on
Mar 6, 2020
Sold by
Dalane Management Llc
Bought by
Jd Highlands Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 2, 2016
Closed on
Nov 4, 2016
Sold by
Pearson Robin K
Bought by
Dalane Management Llc
Seller's Agent
Joseph Gallo
RE/MAX at Hershey
Buyer's Agent
NON MEMBER
NONMEM
List Price
$250,000
Sold Price
$204,000
Premium/Discount to List
-$46,000
-18.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$163,200
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Four Hp Llc $366,000 One Abstract Llc
Jd Highlands Company Llc $249,000 None Available
Dalane Management Llc $204,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four Hp Llc $292,800
Previous Owner Jd Highlands Company Llc $199,200
Previous Owner Dalane Management Llc $163,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $366,000 -7.3% $85 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $395,000 +93.6% $92 / Sq Ft
11/04/2016 11/04/16 Sold $204,000 -18.4% $48 / Sq Ft View Prior Sale
09/19/2016 09/19/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $250,000 -- $58 / 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 $5,987 $209,500 $38,900 $170,600
2024 $5,289 $209,500 $38,900 $170,600
2023 $5,289 $209,500 $38,900 $170,600
2022 $5,045 $209,500 $38,900 $170,600
2021 $4,690 $209,500 $38,900 $170,600
2020 $4,630 $209,500 $38,900 $170,600
2019 $4,531 $209,500 $38,900 $170,600
2018 $4,387 $209,500 $38,900 $170,600
2017 $1,299 $209,500 $38,900 $170,600
2016 $4,119 $209,500 $38,900 $170,600
2015 -- $209,500 $38,900 $170,600
2014 -- $209,500 $38,900 $170,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN2001774

Bright MLS

APN: 16-2288727-360342-0000