NOT LISTED FOR SALE

Estimated Value: $126,955

-- Bed
-- Bath
1,568 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $90,000 $57 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $951/month

3 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of June 2021

Wonderful brick 2-unit in Lebanon's Central Business District. 1st floor office space had been used as headquarters for a local non-profit until just recently and was rented for $350/month. 2nd floor residential apartment is 1 bedroom and 1 full bath with eat in kitchen, living room, and balcony. Currently rented for $100/week to a long term tenant who would like to stay but is in a month to month lease ** requiring only 30 days notice of non-renewal or change of terms. CBD Zoning dictates that 1st floor must stay commercial space and cannot be converted into a residential dwelling without a special exception though a variance. Sellers make no guarantees as to potential uses for property and would encourage buyers agents to investigate any zoning concerns with the city.

Last Agent to Sell the Property

Melissa MacBride

Howard Hanna Krall Real Estate License #RS272683 Listed on: 05/18/2021

Last Buyer's Agent

Kieran Holllahan

Berkshire Hathaway HomeServices Homesale Realty

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot

Home Design

  • 1,568 Sq Ft Home
  • Traditional Architecture
  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Parking Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-2337705-368769-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Wonderful brick 2-unit in Lebanon's Central Business District. 1st floor office space had been used as headquarters for a local non-profit until just recently and was rented for $350/month. 2nd floor residential apartment is 1 bedroom and 1 full bath with eat in kitchen, living room, and balcony. Currently rented for $100/week to a long term tenant who would like to stay but is in a month to month lease ** requiring only 30 days notice of non-renewal or change of terms. CBD Zoning dictates that 1st floor must stay commercial space and cannot be converted into a residential dwelling without a special exception though a variance. Sellers make no guarantees as to potential uses for property and would encourage buyers agents to investigate any zoning concerns with the city.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1568
  • Living Area Sq Ft: 1568
  • Price Per Sq Ft: 63.71
  • Above Grade Finished Sq Ft: 1568
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 827

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: LEBANON
  • School District Key: 300200397291
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 91400.00
  • Land Assessed Value: 4000.00
  • Land Use Code: 319
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Year Assessed: 2021
  • Zoning: CBD
  • Zoning Description: Commercial Business District - mixed use / 1st floor most recently used as office space, 2nd floor residential (1) BR apartment

Rental Info

  • Number Of Units Month To Month: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10307826
  • School Tax: 2031.00
  • Tax Annual Amount: 2782.00
  • Assessor Parcel Number: 02-2337705-368769-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/18/2021

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2021
Sold by
Ludwig Terry L and Ludwig Kristy L
Bought by
827 Chesnut St Llc
Current Estimated Value
$126,955

Purchase Details

Closed on
Jul 9, 2019
Sold by
Ludwig Robert W
Bought by
Ludwig Terry and Ludwig Kristy L

Purchase Details

Closed on
Apr 14, 2016
Sold by
Ludwig Robert W and Ludwig Helga M Felty
Bought by
Ludwig Robert W
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
827 Chesnut St Llc $90,000 Edge Abstract Independence L
Ludwig Terry $60,000 None Available
Ludwig Robert W -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 827 Chestnut Street Llc $76,000
Previous Owner Ludwig Terry L $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $90,000 -9.9% $57 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $99,900 -- $64 / 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 $3,073 $95,400 $4,000 $91,400
2024 $2,928 $95,400 $4,000 $91,400
2023 $424 $95,400 $4,000 $91,400
2022 $417 $95,400 $4,000 $91,400
2021 $402 $95,400 $4,000 $91,400
2020 $2,782 $95,400 $4,000 $91,400
2019 $2,742 $95,400 $4,000 $91,400
2018 $2,663 $95,400 $4,000 $91,400
2017 $751 $95,400 $4,000 $91,400
2016 $2,592 $95,400 $4,000 $91,400
2015 $1,781 $95,400 $4,000 $91,400
2014 $1,781 $95,400 $4,000 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN118908

Bright MLS

APN: 02-2337705-368769-0000