NOT LISTED FOR SALE

655 E Lehman St Lebanon, PA 17046

Estimated Value: $252,000 - $324,000

-- Bed
3 Baths
4,095 Sq Ft
$74/Sq Ft Est. Value

Last Sold November 16, 2017

Last sale price $165,000 $40 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,990/month

6 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • Heating Available

About This Home

As of November 2017

After over 30 years of ownership the owners are ready to pass this great investment property onto a new owner. This property currently offers 5 units with a 6th efficiency unit waiting to be revitalized and rented. This building has tenants that have been there for over 25 years. Rents are way below market which gives this property huge upside to the next investor. Property has off street parking in the rear.

Last Agent to Sell the Property

Jonathan Wyse

Coldwell Banker Realty License #RS322524 Listed on: 10/11/2017

Coldwell Banker Realty

Last Buyer's Agent

Russ Akinin

Keller Williams Elite License #RS-320332

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,637

Year Built

  • Built in 1890

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Converted Dwelling
  • Poured Concrete
  • Shingle Roof
  • Composition Roof

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 09-2344581-372118-0000 09-2344581-372118-0000/

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,637

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Storage: Basement
  • Year Built: 1890
  • Remarks Public: After over 30 years of ownership the owners are ready to pass this great investment property onto a new owner. This property currently offers 5 units with a 6th efficiency unit waiting to be revitalized and rented. This building has tenants that have been there for over 25 years. Rents are way below market which gives this property huge upside to the next investor. Property has off street parking in the rear.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Street Number Modifier: 655/657

Exterior Features

  • Construction Materials: Combination
  • 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: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: LEBANON
  • School District Key: 300200397291

Lot Info

  • Lot Size Acres: 0.21
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 10312533
  • School Tax: 2611.21
  • Tax Annual Amount: 3637.12
  • Assessor Parcel Number: 09-2344581-372118-0000 09-2344581-372118-0000/
  • County Tax Payment Frequency: Annually
  • Close Date: 11/16/2017

Multi Family

  • Gross Income: 26400.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2017
Closed on
Nov 17, 2017
Sold by
Zellers E L and Zellers L R
Bought by
Hess Brothers Property Management Llc
Seller's Agent
Jonathan Wyse
Coldwell Banker Realty
Buyer's Agent
Russ Akinin
Keller Williams Elite
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%
Current Estimated Value
$327,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,015
Avg. Annual Appreciation
4.47%
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
Hess Brothers Property Management Llc $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hess Brothers Property Management Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2017 11/16/17 Sold $165,000 -2.9% $40 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $169,900 -- $41 / 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 $2,400 $74,500 $9,500 $65,000
2024 $2,287 $74,500 $9,500 $65,000
2023 $2,287 $74,500 $9,500 $65,000
2022 $2,249 $74,500 $9,500 $65,000
2021 $2,173 $74,500 $9,500 $65,000
2020 $2,173 $74,500 $9,500 $65,000
2019 $2,141 $74,500 $9,500 $65,000
2018 $2,080 $74,500 $9,500 $65,000
2017 $1,026 $130,300 $14,000 $116,300
2016 $3,541 $130,300 $14,000 $116,300
2015 $2,433 $130,300 $14,000 $116,300
2014 $2,433 $130,300 $14,000 $116,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002668973

Bright MLS

APN: 09-2344581-372118-0000