NOT LISTED FOR SALE

8 E Main St Shiremanstown, PA 17011

Estimated Value: $311,000 - $335,300

-- Bed
3 Baths
2,454 Sq Ft
$134/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $265,000 $108 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,236/month

5 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Shiremanstown Memorial Park
  • Mechanicsburg Area Senior High School Rated A-
  • Electric Baseboard Heater

About This Home

As of July 2021

This charming brick, 3-unit multi-family building is a great investment opportunity with low maintenance required. Two units have 2 bedrooms and 1 bath and the third unit is an efficiency with 1 bedroom and 1 bath. All are currently rented with long-term/stable tenants. Tenants pay for electric and cable and the owner pays for heating, water, sewer and trash. There is also a large shed that you could rent out for extra income and a four car tenant parking area in the rear. Decent sized yard.

Last Agent to Sell the Property

Gabriella Lesh

Howard Hanna Company-Camp Hill License #RS342670 Listed on: 06/01/2021

Howard Hanna Company-Camp Hill

Last Buyer's Agent

Christine Skozilas

M C Walker Realty License #RS278850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1914

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,454 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Private Parking
  • Free Parking
  • Off-Street Parking

Schools

  • Mechanicsburg Area High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for gas, heat, sewer, trash collection, water, insurance, real estate taxes
  • Assessor Parcel Number 37-23-0555-092

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $8,939
  • Net Operating Income $20,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,627

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1914
  • Automatically Close On Close Date: No
  • Remarks Public: This charming brick, 3-unit multi-family building is a great investment opportunity with low maintenance required. Two units have 2 bedrooms and 1 bath and the third unit is an efficiency with 1 bedroom and 1 bath. All are currently rented with long-term/stable tenants. Tenants pay for electric and cable and the owner pays for heating, water, sewer and trash. There is also a large shed that you could rent out for extra income and a four car tenant parking area in the rear. Decent sized yard.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2454
  • Living Area Sq Ft: 2454
  • Price Per Sq Ft: 95.76
  • Above Grade Finished Sq Ft: 2454
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free, Private
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Ductless/Mini-Split
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MECHANICSBURG AREA
  • High School: MECHANICSBURG AREA
  • High School Source: Listing Agent
  • School District Key: 300200396842
  • School District Source: Listing Agent
  • High School: MECHANICSBURG AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 158500.00
  • Land Assessed Value: 35300.00
  • Land Use Code: 103
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10019.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly, Month To Month, Long Term
  • Number Of Units Month To Month: 2
  • Owner Pays: Gas, Heat, Sewer, Trash Collection, Water, Insurance, Taxes - Real Estate
  • Total Actual Rent: 29460.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11151171
  • School Tax: 2743.00
  • Tax Annual Amount: 3627.00
  • Assessor Parcel Number: 37-23-0555-092
  • Tax Total Finished Sq Ft: 2454
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/29/2021

Multi Family

  • Gross Income: 29460.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 8939.15
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: MECHANICSBURG AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 26, 2021
Sold by
Pachella Michael and Pachella Julie M
Bought by
Kane Matthew and Kane Nicole
Seller's Agent
Gabriella Lesh
Howard Hanna Company-Camp Hill
Buyer's Agent
Christine Skozilas
M C Walker Realty
List Price
$235,000
Sold Price
$265,000
Premium/Discount to List
$30,000
12.77%
Current Estimated Value
$340,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,483
Avg. Annual Appreciation
4.70%
Original Mortgage
$187,500
Outstanding Balance
$172,394
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$146,369

Purchase Details

Listed on
Aug 9, 2016
Closed on
Oct 10, 2016
Sold by
Lamm Gary R and Reinaman Tania J
Bought by
Barton Julie M
Seller's Agent
Aaron Piscioneri
ADP Realty & Property Management LLC
Buyer's Agent
Demetri Koutsokostas
Turn Key Realty Group
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$186,558
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 1999
Sold by
Tice James C
Bought by
Lamm Gary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,200
Interest Rate
6.76%
Mortgage Type
Commercial
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
Kane Matthew $265,000 None Available
Barton Julie M $190,000 None Available
Lamm Gary R $136,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Matthew $187,500
Previous Owner Barton Julie M $186,558
Previous Owner Lamm Gary R $86,800
Previous Owner Lamm Gary R $129,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $265,000 +12.8% $108 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $235,000 +23.7% $96 / Sq Ft
10/14/2016 10/14/16 Sold $190,000 0.0% $77 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $190,000 -- $77 / 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 $4,271 $193,800 $35,300 $158,500
2024 $4,049 $193,800 $35,300 $158,500
2023 $3,831 $193,800 $35,300 $158,500
2022 $3,726 $193,800 $35,300 $158,500
2021 $3,627 $193,800 $35,300 $158,500
2020 $3,545 $193,800 $35,300 $158,500
2019 $3,475 $193,800 $35,300 $158,500
2018 $3,414 $193,800 $35,300 $158,500
2017 $3,326 $193,800 $35,300 $158,500
2016 -- $193,800 $35,300 $158,500
2015 -- $193,800 $35,300 $158,500
2014 -- $193,800 $35,300 $158,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB134780

Bright MLS

APN: 37-23-0555-092