NOT LISTED FOR SALE

645 N Railroad St Palmyra, PA 17078

Estimated Value: $400,000 - $743,231

-- Bed
4 Baths
3,088 Sq Ft
$169/Sq Ft Est. Value

Last Sold June 08, 2017

Last sale price $278,000 $90 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,339/month

Highlights

  • No HOA
  • Detached Garage
  • Forced Air Heating and Cooling System
  • Palmyra Area Senior High School Rated 9+
  • Living Room

About This Home

As of June 2017

Apartment unit like this don't come for sale often. This property is being sold by the original owner and builder, who lived on the first floor until 2016. This deluxe apartment features 2 master suites with full bath and walk-in closets, sunroom, 1 car attached garage, patio, and finished lower level. Good occupancy levels, cash flow and condition. There are 3 apartments plus a garage/shop, which rents for $350/month. Don't delay

Last Agent to Sell the Property

Robert Fox

(717) 579-2434 bobfox@remax.net RE/MAX Pinnacle License #AB050159L Listed on: 04/20/2017

RE/MAX Pinnacle

Last Buyer's Agent

NON MEMBER

NONMEM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,094

Year Built

  • Built in 1993

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 67 x 185

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,088 Sq Ft Home
  • Living Room

Kitchen

  • Gas Oven or Range
  • Stove
  • Dishwasher

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Northside Elementary School
  • Palmyra Area Middle School
  • Palmyra Area High School

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, cooking fuel, heat, hot water
  • The owner pays for insurance, real estate taxes, repairs
  • Assessor Parcel Number 16-2288425-360148-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Trash Expense $684
  • Operating Expense $8,664
  • Net Operating Income $25,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,094

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Oven/Range - Gas, Refrigerator, Washer, Dryer, Oven - Single, Stove
  • Fireplace: No
  • Room List: Living Room, Bedroom 6
  • Laundry Type: Dryer In Unit, Washer In Unit, Hookup
  • Total Sq Ft: 3088
  • Living Area Sq Ft: 3088
  • Price Per Sq Ft: 92.26
  • Above Grade Finished Sq Ft: 3088
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Fiberglass, Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, On Street, Driveway, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1686.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • Elementary School: NORTHSIDE
  • High School: PALMYRA AREA
  • Middle Or Junior School: PALMYRA AREA

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 67 x 185
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Insurance, Taxes - Real Estate, Repairs
  • Tenant Pays: Cable Tv, Electricity, Gas, Cooking Fuel, Heat, Hot Water
  • Vacation Rental: No

Multi Family

  • Gross Income: 34380.00
  • Metering: Fully Separate
  • Operating Expense: 8664.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Assessor Parcel Number: 10318825
  • Tax Annual Amount: 5094.00
  • Assessor Parcel Number: 16-2288425-360148-0000
  • Tax Year: 2016

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2017
Closed on
Jun 8, 2017
Sold by
Gibson Larry P and Gibson Cindy L
Bought by
Vms Townhomes Llc
Seller's Agent
Robert Fox
RE/MAX Pinnacle
Buyer's Agent
NON MEMBER
NONMEM
List Price
$284,900
Sold Price
$278,000
Premium/Discount to List
-$6,900
-2.42%
Current Estimated Value
$521,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,558
Avg. Annual Appreciation
7.79%
Original Mortgage
$208,500
Outstanding Balance
$173,476
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$348,082
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
Vms Townhomes Llc $278,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vms Townhomes Llc $208,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2017 06/08/17 Sold $278,000 -2.4% $90 / Sq Ft
04/23/2017 04/23/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $284,900 -- $92 / 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 $7,233 $253,100 $41,900 $211,200
2024 $6,389 $253,100 $41,900 $211,200
2023 $6,389 $253,100 $41,900 $211,200
2022 $6,095 $253,100 $41,900 $211,200
2021 $5,666 $253,100 $41,900 $211,200
2020 $5,594 $253,100 $41,900 $211,200
2019 $5,474 $253,100 $41,900 $211,200
2018 $5,301 $253,100 $41,900 $211,200
2017 $1,570 $253,100 $41,900 $211,200
2016 $4,977 $253,100 $41,900 $211,200
2015 -- $253,100 $41,900 $211,200
2014 -- $253,100 $41,900 $211,200
Source: Public Records

Agents Affiliated with this Home

  • Robert Fox

    Seller's Agent in 2017

    Robert Fox

    RE/MAX

    (717) 579-2434

    7 in this area

    60 Total Sales

    Robert Fox
    Section Image

  • N

    Buyer's Agent in 2017

    NON MEMBER

    NONMEM

See All Agents

Map

Source: Bright MLS

MLS Number: 1002750383

Bright MLS

APN: 16-2288425-360148-0000

Pennsylvania Lebanon County Palmyra 17078

645 N Railroad St, Palmyra, PA

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