NOT LISTED FOR SALE

767 Roxbury Rd Shippensburg, PA 17257

Estimated Value: $469,000

-- Bed
6 Baths
15,500 Sq Ft
$30/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $805,000 $52 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $3,019/month

36 Days on Market

Highlights

  • 1.53 Acre Lot
  • Window Unit Cooling System
  • Radiator
  • No HOA

About This Home

As of December 2017

12 Unit Shippensburg apartment complex. Consists of 767,787 and 795 Roxbury Rd. Three 4 unit buildings. 8 very large 1,400 sqft 3 bedroom units, 4 spacious 2 bedroom units 1050 sq ft each and carports for each tenants. Great cash flow! Each unit has hardwood floors, washer dryer hookups, low maintenance stucco exterior. Buildings were freshly painted ext Paved driveway and parking lot. Recently replaced all toilets to low flow to save on water bills. See additional documents income, expense and unit information.

Last Agent to Sell the Property

Troy Burkholder

RE/MAX 1st Advantage Listed on: 10/17/2017

RE/MAX 1st Advantage

Last Buyer's Agent

Troy Burkholder

RE/MAX 1st Advantage Listed on: 10/17/2017

RE/MAX 1st Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,459

Year Built

  • Built in 1947

Lot Details

  • 1.53

Home Design

  • 15,500 Sq Ft Home
  • Fiberglass Roof
  • Asphalt Roof
  • Stucco

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiator
  • 100 Amp Service

Additional Features

  • Gas Oven or Range
  • 1.53 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 210NO6R03400000

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Electric Expense $552
  • Insurance Expense $4,917
  • Maintenance Expense $5,682
  • Trash Expense $2,270
  • Operating Expense $31,515
  • Net Operating Income $76,443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,459

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1947
  • Remarks Public: 12 Unit Shippensburg apartment complex. Consists of 767,787 and 795 Roxbury Rd. Three 4 unit buildings. 8 very large 1,400 sqft 3 bedroom units, 4 spacious 2 bedroom units 1050 sq ft each and carports for each tenants. Great cash flow! Each unit has hardwood floors, washer dryer hookups, low maintenance stucco exterior. Buildings were freshly painted ext Paved driveway and parking lot. Recently replaced all toilets to low flow to save on water bills. See additional documents income, expense and unit information.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Fireplace: No
  • Total Sq Ft: 15500
  • Living Area Sq Ft: 15500
  • Price Per Sq Ft: 58.39
  • Above Grade Finished Sq Ft: 15500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 767

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • 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: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Electric Expense: 552.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Electric, Radiator
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 4904.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SHIPPENSBURG AREA
  • School District Key: 300200396700

Lot Info

  • Lot Size Acres: 1.53
  • Zoning Description: Residential

Rental Info

  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Tenant Pays: Electricity
  • Total Actual Rent: 113640.00
  • Units Leased Count: 12
  • Vacation Rental: No

Multi Family

  • Gross Income: 113650.00
  • Operating Expense: 31515.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Annual Amount: 13459.00
  • Assessor Parcel Number: 210NO6R03400000
  • Tax Year: 2017
  • Close Date: 12/29/2017

MLS Schools

  • School District Name: SHIPPENSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2020
Sold by
Wise Raymond Frederick and Wise John Theodore
Bought by
Wise John Theodore and Wise Raymond Frederick
Current Estimated Value
$469,000

Purchase Details

Listed on
Oct 17, 2017
Closed on
Dec 29, 2017
Sold by
Sangrey Thomas D and Sangrey Aimee I
Bought by
Reiff Ammon H
Seller's Agent
Troy Burkholder
RE/MAX 1st Advantage
Buyer's Agent
Troy Burkholder
RE/MAX 1st Advantage
List Price
$905,000
Sold Price
$805,000
Premium/Discount to List
-$100,000
-11.05%
Source: Public Records

Range of Values:

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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
Wise John Theodore -- None Available
Reiff Ammon H $805,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sangrey Thomas D $495,000
Previous Owner Sangrey Thomas D $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2017 12/29/17 Sold $805,000 -11.0% $52 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $905,000 -- $58 / 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 $16,174 $109,260 $4,000 $105,260
2024 $14,155 $109,260 $4,000 $105,260
2023 $13,867 $109,260 $4,000 $105,260
2022 $13,772 $109,260 $4,000 $105,260
2021 $13,366 $109,260 $4,000 $105,260
2020 $14,040 $109,260 $4,000 $105,260
2019 $13,912 $109,260 $4,000 $105,260
2018 $13,459 $103,780 $4,000 $99,780
2017 $13,565 $103,780 $4,000 $99,780
2016 $2,906 $103,780 $4,000 $99,780
2015 $2,703 $103,780 $4,000 $99,780
2014 $2,703 $103,780 $4,000 $99,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002665133

Bright MLS

APN: 21-0N06R-034-000000