NOT LISTED FOR SALE

765 Marietta Ave Lancaster, PA 17603

Chestnut Hill Neighborhood

Estimated Value: $448,728 - $628,000

-- Bed
6 Baths
3,840 Sq Ft
$141/Sq Ft Est. Value

Last Sold March 02, 2012

Last sale price $206,000 $54 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $3,667/month

About This Home

As of March 2012

Nicely maintained 4 unit investment property-All brick building in good condition-Replacement windows-Updated electric-Beautiful balcony-Great West End location, one block from Lancaster Regional Hospital

Last Agent to Sell the Property

Randal Kline

Kingsway Realty - Ephrata License #RM041524B Listed on: 09/15/2011

Last Buyer's Agent

J Matthew Shuffelbottom

Berkshire Hathaway HomeServices Homesale Realty License #LCAOR:00549

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 39 x 87 x 40 x 72

Home Design

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

Attic

  • Storage In Attic

Unfinished Basement

  • Exterior Basement Entry

Parking

  • 1 Parking Space
  • On-Street Parking
  • Off-Street Parking

Schools

  • Mccaskey Campus High School

Utilities

  • Heating Available
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for heat, hot water, electricity
  • Assessor Parcel Number 3358651900000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $240
  • Insurance Expense $1,196
  • Maintenance Expense $1,000
  • Manager Expense $1,723
  • Trash Expense $840
  • Operating Expense $5,734
  • Net Operating Income $15,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • New Construction: No
  • Storage: Attic, Basement
  • Year Built: 1870
  • Remarks Public: Nicely maintained 4 unit investment property-All brick building in good condition-Replacement windows-Updated electric-Beautiful balcony-Great West End location, one block from Lancaster Regional Hospital
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Outside Entrance, Unfinished
  • Street Number Modifier: 765

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Composite, Shingle, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Spaces Total: 1.00
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 240.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 735.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Professional Management Expense: 1723.20

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • School District Key: 300200397286
  • High School: MCCASKEY CAMPUS

Lot Info

  • Land Use Code: Res4
  • Lot Size Acres: 0.06
  • Lot Dimensions: 39 x 87 x 40 x 72
  • Property Attached Yn: Yes
  • 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: 4059583
  • School Tax: 3371.16
  • Tax Annual Amount: 5480.90
  • Assessor Parcel Number: 3358651900000
  • County Tax Payment Frequency: Annually
  • Close Date: 03/02/2012

Multi Family

  • Gross Income: 26700.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5734.20
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2011
Closed on
Mar 2, 2012
Sold by
Weaver R Michael and Weaver Sheri J
Bought by
Medina Carlos and Medina Stephanie L
Seller's Agent
Randal Kline
Kingsway Realty - Ephrata
Buyer's Agent
J Matthew Shuffelbottom
Berkshire Hathaway HomeServices Homesale Realty
List Price
$229,900
Sold Price
$206,000
Premium/Discount to List
-$23,900
-10.4%
Current Estimated Value
$539,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,682
Avg. Annual Appreciation
7.46%
Original Mortgage
$154,500
Outstanding Balance
$106,564
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$439,455

Purchase Details

Closed on
Mar 24, 2008
Sold by
Kreider Jeffrey G and Kreider Della S
Bought by
Weaver R Michael and Weaver Sheri J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.76%
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
Medina Carlos $206,000 None Available
Weaver R Michael $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Carlos $70,000
Open Medina Carlos $154,500
Previous Owner Weaver R Michael $168,000
Previous Owner Weaver R Michael $168,000
Previous Owner Kreider Jeffrey G $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2012 03/02/12 Sold $206,000 -10.4% $54 / Sq Ft
01/17/2012 01/17/12 Pending -- -- --
09/15/2011 09/15/11 For Sale $229,900 -- $60 / 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 $9,509 $240,300 $35,500 $204,800
2024 $9,509 $240,300 $35,500 $204,800
2023 $9,349 $240,300 $35,500 $204,800
2022 $8,959 $240,300 $35,500 $204,800
2021 $8,767 $240,300 $35,500 $204,800
2020 $8,767 $240,300 $35,500 $204,800
2019 $8,636 $240,300 $35,500 $204,800
2018 $5,125 $240,300 $35,500 $204,800
2017 $6,270 $136,500 $22,400 $114,100
2016 $6,212 $136,500 $22,400 $114,100
2015 $2,424 $136,500 $22,400 $114,100
2014 $5,422 $136,500 $22,400 $114,100
Source: Public Records

Agents Affiliated with this Home

  • Randal Kline

    Seller's Agent in 2012

    Randal Kline

    Kingsway Realty - Ephrata

    (717) 733-1006

    243 Total Sales

    Randal Kline
    Section Image

  • J

    Buyer's Agent in 2012

    J Matthew Shuffelbottom

    Berkshire Hathaway HomeServices Homesale Realty

See All Agents

Map

Source: Bright MLS

MLS Number: 1002723677

Bright MLS

APN: 335-86519-0-0000

Pennsylvania Lancaster County Lancaster 17603 Chestnut Hill

765 Marietta Ave, Lancaster, PA

This home is located at 765 Marietta Ave, Lancaster, PA 17603 since 15 September 2011 and is currently estimated at $539,682, approximately $140 per square foot. This property was built in 1870. 765 Marietta Ave is a home located in Lancaster County with nearby schools including Smith-Wade-El Elementary School, Wheatland Middle School, and McCaskey High School.

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