NOT LISTED FOR SALE

Estimated Value: $492,000 - $578,000

-- Bed
4 Baths
3,186 Sq Ft
$162/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $450,000 $141 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,436/month

7 Days on Market

Highlights

  • 0.14 Acre Lot
  • Porch
  • Forced Air Heating and Cooling System
  • Traditional Architecture
  • 2 Car Attached Garage

About This Home

As of July 2022

Fantastic fully rented 4-unit investment building in downtown Lancaster city only 2 blocks to LGH. Tons of potential for increased revenue as rents are on the lower side and the additional storage space could be utilized as a laundry facility or possibly made into an additional unit. The possibilities are endless. Large rear yard and a coveted 2 car garage. Walking distance to F & M College, central market, southern market, bus stops, restaurants, shopping and all the best of city living.

Last Agent to Sell the Property

Gretchen Raad

(717) 629-8669 gretchen@raadrealestate.com Berkshire Hathaway HomeServices Homesale Realty Listed on: 04/06/2022

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Rachel Ingram

(717) 715-2134 rachel@ingramteam.net Keller Williams Elite

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,669

Year Built

  • Built in 1890

Lot Details

  • 6,098

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage

Home Design

  • 3,186 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Stick Built Home

Schools

  • Mccaskey Campus High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • Porch
  • 6,098 Sq Ft Lot
  • Unfinished Basement

Community Details

  • 4 Units
  • Income includes apartment rentals, parking

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 336-91934-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,669

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3186
  • Living Area Sq Ft: 3186
  • Price Per Sq Ft: 141.21
  • Above Grade Finished Sq Ft: 3186
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: MCCASKEY CAMPUS

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4663.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 7669.00
  • Assessor Parcel Number: 336-91934-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 44700.00
  • Income Includes: Apartment Rentals, Parking
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Jul 11, 2022
Sold by
Ehrhart Investments Llc
Bought by
Bb Real Estate Investments Llc
Seller's Agent
Gretchen Raad
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Rachel Ingram
Keller Williams Elite
List Price
$449,900
Sold Price
$450,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$516,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,995
Avg. Annual Appreciation
4.10%
Original Mortgage
$1,167,600
Outstanding Balance
$1,110,935
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
-$593,940

Purchase Details

Listed on
Apr 5, 2012
Closed on
Jul 9, 2012
Sold by
Roman Living Trust
Bought by
Ehrhart Investments Llc
Buyer's Agent
William Puffer
Puffer Morris Real Estate, Inc.
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%
Original Mortgage
$112,500
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2003
Sold by
Blomberg Glen C
Bought by
Roman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,800
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2000
Sold by
Blomberg Harold S and Blomberg Glen C
Bought by
Blomberg Glen C

Purchase Details

Closed on
Nov 22, 1999
Sold by
Sambunaris Angelo
Bought by
Blomberg Harold S and Blomberg Glen C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bb Real Estate Investments Llc $900,000 None Listed On Document
Ehrhart Investments Llc $225,000 None Available
Roman Living Trust $141,000 --
Blomberg Glen C -- --
Blomberg Harold S $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bb Real Estate Investments Llc $1,167,600
Previous Owner Ehrhart Investments Llc $112,500
Previous Owner Roman Living Trust $112,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2022 07/11/22 Sold $450,000 0.0% $141 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $449,900 +100.0% $141 / Sq Ft
07/27/2012 07/27/12 Sold $225,000 -10.0% $71 / Sq Ft View Prior Sale
05/20/2012 05/20/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $249,900 -- $78 / 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 $8,622 $217,900 $24,900 $193,000
2024 $8,622 $217,900 $24,900 $193,000
2023 $8,003 $205,700 $24,900 $180,800
2022 $7,669 $205,700 $24,900 $180,800
2021 $7,505 $205,700 $24,900 $180,800
2020 $7,505 $205,700 $24,900 $180,800
2019 $7,393 $205,700 $24,900 $180,800
2018 $3,353 $205,700 $24,900 $180,800
2017 $5,549 $120,800 $19,500 $101,300
2016 $5,498 $120,800 $19,500 $101,300
2015 $2,145 $120,800 $19,500 $101,300
2014 $4,798 $120,800 $19,500 $101,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2016326

Bright MLS

APN: 336-91934-0-0000