NOT LISTED FOR SALE

Estimated Value: $339,000 - $358,062

-- Bed
2 Baths
1,596 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $230,000 $144 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,407/month

85 Days on Market

Highlights

  • Second Kitchen
  • Traditional Architecture
  • Main Floor Bedroom
  • City View
  • Wood Flooring
  • 4-minute walk to Crystal Park

About This Home

As of September 2020

This beautiful downtown property is a two- one bedroom apartment duplex with one detached garage. All units are separately tenanted. ($920/ month for upstairs $950/ downstairs, $100/month for garage) You'll love the hardwood floors and the new tile work in the kitchens and bathrooms. ATTENTION BUYERS; This is an incredible opportunity to live in one unit and continue to rent out the other one bedroom unit and garage - have your tenants cover your mortgage while building your real estate portfolio!!!

Last Agent to Sell the Property

Dana Poetzl

Coldwell Banker Realty Listed on: 05/19/2020

Coldwell Banker Realty

Last Buyer's Agent

Christina Diehl

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,744

Year Built

  • Built in 1907

Lot Details

  • 2,178 Sq Ft Lot
  • Downtown Location
  • Back Yard
  • Property is in very good condition

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Masonry

Interior Spaces

  • Main Floor Bedroom
  • 1 Fireplace
  • Double Door Entry
  • Family Room Off Kitchen
  • City Views
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Second Kitchen
  • Oven
  • Stove

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Brick Porch or Patio
  • Outdoor Storage

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 335-10878-0-0000

Community Details

Overview

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

Building Details

  • Income includes apartment rentals
  • Insurance Expense $450
  • Trash Expense $410
  • Operating Expense $500
  • Gross Income $23,640
  • Net Operating Income $15,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,744

Year Built

Built in 1907

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: All appliances
  • New Construction: No
  • Year Built: 1907
  • Automatically Close On Close Date: Yes
  • Remarks Public: This beautiful downtown property is a two- one bedroom apartment duplex with one detached garage. All units are separately tenanted. ($920/ month for upstairs $950/ downstairs, $100/month for garage) You'll love the hardwood floors and the new tile work in the kitchens and bathrooms. ATTENTION BUYERS; This is an incredible opportunity to live in one unit and continue to rent out the other one bedroom unit and garage - have your tenants cover your mortgage while building your real estate portfolio!!!
  • Special Features: None

Interior Features

  • Appliances: Oven - Single, Refrigerator, Stove, Water Heater
  • Flooring Type: Hardwood, Ceramic Tile
  • Interior Amenities: Attic, 2nd Kitchen, Carpet, Entry Level Bedroom, Family Room Off Kitchen, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Double Entry
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1896
  • Living Area Sq Ft: 1596
  • Price Per Sq Ft: 141.54
  • Above Grade Finished Sq Ft: 1596
  • Above Grade Unfinished Sq Ft: 300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 643

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Exterior Features: Secure Storage, Street Lights
  • Roof: Shingle
  • View: City, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry, Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Heat Pump(s)
  • Monthly Average Electric: 30
  • Previous Twelve Months Electric Expense: 360.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Phone Available, Natural Gas Available, Electric Available, Cable Tv Available
  • Monthly Water Average: 60
  • Water Previous Twelve Months: 720.00
  • Water Source: Public

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: 120600.00
  • Land Assessed Value: 35100.00
  • Land Use Code: 114
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Outdoor Living Structures: Brick, Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: 114 RES: 2 FAM DWLG

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 23640.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4058646
  • School Tax: 3469.00
  • Tax Annual Amount: 5744.00
  • Assessor Parcel Number: 335-10878-0-0000
  • Tax Total Finished Sq Ft: 1596
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 09/14/2020

Multi Family

  • Gross Income: 23640.00
  • Gross Scheduled Income: 23640.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 500.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Sep 24, 2020
Sold by
Kane William J and Kane Holly L
Bought by
Hoffmeier Daniel E
Seller's Agent
Dana Poetzl
Coldwell Banker Realty
Buyer's Agent
Christina Diehl
Coldwell Banker Realty
List Price
$225,900
Sold Price
$230,000
Premium/Discount to List
$4,100
1.81%
Current Estimated Value
$346,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,020
Avg. Annual Appreciation
8.42%
Original Mortgage
$171,000
Outstanding Balance
$153,804
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$188,618
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
Hoffmeier Daniel E $228,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmeier Daniel E $73,776
Open Hoffmeier Daniel E $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $230,000 +1.8% $144 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $225,900 0.0% $142 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/08/2020 06/08/20 Price Changed $225,900 -3.8% $142 / Sq Ft
05/19/2020 05/19/20 For Sale $234,900 -- $147 / 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
2024 $6,161 $155,700 $35,100 $120,600
2023 $6,057 $155,700 $35,100 $120,600
2022 $5,805 $155,700 $35,100 $120,600
2021 $5,681 $155,700 $35,100 $120,600
2020 $5,681 $155,700 $35,100 $120,600
2019 $5,596 $155,700 $35,100 $120,600
2018 $3,295 $154,500 $35,100 $119,400
2017 $3,675 $80,000 $23,500 $56,500
2016 $3,641 $80,000 $23,500 $56,500
2015 $1,420 $80,000 $23,500 $56,500
2014 $3,178 $80,000 $23,500 $56,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA163024

Bright MLS

APN: 335-10878-0-0000