NOT LISTED FOR SALE

651 E Walnut St Lancaster, PA 17602

East Side Neighborhood

Estimated Value: $200,229 - $239,000

-- Bed
2 Baths
1,068 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 27, 2017

Last sale price $110,000 $103 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,489/month

28 Days on Market

About This Home

As of July 2017

Solid brick starter/investor 2 unit apartment building, corner lot with potential off street parking. Updated windows and roof. Updated 2 electric panels. All utilities are separate. The landlord only pays S/W/T, easy to keep expenses low. Cozy 2nd floor apartment. With private entrance. Semi modern updated kitchen and bath and flooring. Lots of natural lighting. Unfinished attic. Will need to be updated upon tenant vacating. Low risk solid investment potential. Walk to city shops and revitalization with great potential for future investors. Currently the 1st floor apartment is occupied by a family member. 2nd floor is currectly vacant. Operating expenses will be provided shortly.

Last Agent to Sell the Property

Alan Cherkin

Alan H. Cherkin Real Estate License #RM051905A Listed on: 05/23/2017

Last Buyer's Agent

Marilyn Hartman

Lusk & Associates Sotheby's International Realty

Lusk & Associates Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,126

Year Built

  • Built in 1895

Lot Details

  • 1,742

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Composition Roof

Attic

  • Storage In Attic

Utilities

  • Radiator
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3366040500000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $539
  • Other Expense $100
  • Trash Expense $412
  • Operating Expense $1,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,126

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Attic, Basement
  • Year Built: 1895
  • Remarks Public: Solid brick starter/investor 2 unit apartment building, corner lot with potential off street parking. Updated windows and roof. Updated 2 electric panels. All utilities are separate. The landlord only pays S/W/T, easy to keep expenses low. Cozy 2nd floor apartment. With private entrance. Semi modern updated kitchen and bath and flooring. Lots of natural lighting. Unfinished attic. Will need to be updated upon tenant vacating. Low risk solid investment potential. Walk to city shops and revitalization with great potential for future investors. Currently the 1st floor apartment is occupied by a family member. 2nd floor is currectly vacant. Operating expenses will be provided shortly.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Full, Unfinished
  • Street Number Modifier: 651

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite, Shingle
  • 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
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 272.37
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286

Lot Info

  • Land Use Code: C-566
  • Lot Size Acres: 0.04
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Hot Water, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4061959
  • School Tax: 1275.89
  • Tax Annual Amount: 2126.48
  • Assessor Parcel Number: 3366040500000
  • County Tax Payment Frequency: Annually
  • Close Date: 07/27/2017

Multi Family

  • Income Includes: Apartment Rentals
  • Operating Expense: 1323.44
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2017
Closed on
Jul 27, 2017
Sold by
Benner Ryan T
Bought by
Stoltzfus Myron D and Stoltzfus Rebecca P
Seller's Agent
Alan Cherkin
Alan H. Cherkin Real Estate
Buyer's Agent
Marilyn Hartman
Lusk & Associates Sotheby's International Realty
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$219,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,807
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Jul 7, 2006
Sold by
Beiler Daniel G
Bought by
Benner Ryan T

Purchase Details

Closed on
Jan 27, 2006
Sold by
Sourbeer Richard T and Sourbeer Donna J
Bought by
Beiler Daniel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Stoltzfus Myron D $110,000 None Available
Benner Ryan T $70,000 None Available
Beiler Daniel G $55,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benner Ryan T $30,000
Previous Owner Beiler Daniel G $44,000
Previous Owner Beiler Daniel G $11,000
Previous Owner Sourbeer Richard T $38,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2017 07/27/17 Sold $110,000 0.0% $103 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
05/23/2017 05/23/17 For Sale $110,000 -- $103 / 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 $3,613 $91,300 $19,900 $71,400
2024 $3,613 $91,300 $19,900 $71,400
2023 $3,552 $91,300 $19,900 $71,400
2022 $3,404 $91,300 $19,900 $71,400
2021 $3,331 $91,300 $19,900 $71,400
2020 $3,331 $91,300 $19,900 $71,400
2019 $3,281 $91,300 $19,900 $71,400
2018 $1,533 $71,900 $19,900 $52,000
2016 $2,130 $46,800 $14,500 $32,300
2015 $831 $46,800 $14,500 $32,300
2014 $1,859 $46,800 $14,500 $32,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Alan Cherkin

    Alan H. Cherkin Real Estate

    (717) 615-8392

    37 Total Sales

    Alan Cherkin
    Section Image
  • Marilyn Hartman

    Buyer's Agent in 2017

    Marilyn Hartman

    Lusk & Associates Sotheby's International Realty

    (717) 951-7683

    48 Total Sales

    Marilyn Hartman
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002741203

Bright MLS

APN: 336-60405-0-0000

Pennsylvania Lancaster County Lancaster 17602 East Side

651 E Walnut St, Lancaster, PA

This home is located at 651 E Walnut St, Lancaster, PA 17602 since 23 May 2017 and is currently estimated at $219,807, approximately $205 per square foot. This property was built in 1895. 651 E Walnut St is a home located in Lancaster County with nearby schools including Wickersham Elementary School, Lincoln Middle School, and McCaskey High School.

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