NOT LISTED FOR SALE

833 Columbia Ave Lancaster, PA 17603

College Park Neighborhood

Estimated Value: $236,000 - $348,000

-- Bed
3 Baths
2,004 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $130,000 $65 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,168/month

2 Days on Market

About This Home

As of August 2016

Rare opportunity to become an investor with low investment with potential high return. Located close to Clock Towers, Franklin & Marshall, and Lancaster Regional. Owner has not raised rents in some units for over 10 years. Lots of potential.

Last Agent to Sell the Property

daniel parson

Keller Williams Elite License #RS324634 Listed on: 06/29/2016

Keller Williams Elite

Last Buyer's Agent

Ed Hutchins

Shepherd Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Dirt Floor

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Schools

  • Mccaskey Campus High School

Utilities

  • Radiator
  • Baseboard Heating
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, electricity
  • Assessor Parcel Number 3351198600000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Electric Expense $284
  • Fuel Expense $983
  • Operating Expense $1,267
  • Net Operating Income $11,883

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Converted Dwelling
  • New Construction: No
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Rare opportunity to become an investor with low investment with potential high return. Located close to Clock Towers, Franklin & Marshall, and Lancaster Regional. Owner has not raised rents in some units for over 10 years. Lots of potential.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Poured Concrete, Dirt Floor, Full, Outside Entrance
  • Street Number Modifier: 833

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Fire Escape
  • Roof: Asphalt
  • 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

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 284.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Land Use Code: R-113
  • Lot Size Acres: 0.05
  • Property Attached Yn: Yes
  • Zoning: RESIDENTIAL
  • Zoning Description: Res/Multi-Family
  • In City Limits: Yes

Rental Info

  • Tenant Pays: Heat, Electricity
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4058663
  • School Tax: 2269.56
  • Tax Annual Amount: 3750.33
  • Assessor Parcel Number: 3351198600000
  • County Tax Payment Frequency: Annually
  • Close Date: 08/15/2016

Multi Family

  • Fuel Expense: 983.00
  • Gross Income: 16900.00
  • Income Includes: Apartment Rentals
  • Metering: Fully Separate
  • Operating Expense: 1267.00
  • 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
Jun 29, 2016
Closed on
Aug 15, 2016
Sold by
Stoltzfoos Ammon H and Stoltzfoos Rebecca B
Bought by
Steiner Investments Llc
Seller's Agent
daniel parson
Keller Williams Elite
Buyer's Agent
Ed Hutchins
Shepherd Real Estate, LLC
List Price
$132,900
Sold Price
$130,000
Premium/Discount to List
-$2,900
-2.18%
Current Estimated Value
$314,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,006
Avg. Annual Appreciation
10.38%
Original Mortgage
$117,000
Outstanding Balance
$94,608
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$222,429

Purchase Details

Closed on
Jun 28, 2007
Sold by
Coates Dean R
Bought by
Santaniello Stephan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,562
Interest Rate
6.39%
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
Steiner Investments Llc $130,000 Attorney
Santaniello Stephan A $108,750 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steiner Investments Llc $117,000
Previous Owner Stoltzfoos Ammon H $70,500
Previous Owner Stoltzfoos Ammon H $78,750
Previous Owner Santaniello Stephan A $81,562
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $130,000 -2.2% $65 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $132,900 -- $66 / 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
2024 $5,484 $138,600 $32,000 $106,600
2023 $5,392 $138,600 $32,000 $106,600
2022 $5,168 $138,600 $32,000 $106,600
2021 $5,057 $138,600 $32,000 $106,600
2020 $5,057 $138,600 $32,000 $106,600
2019 $4,981 $138,600 $32,000 $106,600
2018 $2,956 $138,600 $32,000 $106,600
2017 $3,831 $83,400 $23,500 $59,900
2016 $3,796 $83,400 $23,500 $59,900
2015 $1,481 $83,400 $23,500 $59,900
2014 $3,313 $83,400 $23,500 $59,900
Source: Public Records

Agents Affiliated with this Home

  • daniel parson

    Seller's Agent in 2016

    daniel parson

    Keller Williams Elite

    (717) 808-1764

    1 in this area

    254 Total Sales

    daniel parson
    Section Image

  • E

    Buyer's Agent in 2016

    Ed Hutchins

    Shepherd Real Estate, LLC

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002738667

Bright MLS

APN: 335-11986-0-0000

Pennsylvania Lancaster County Lancaster 17603 College Park

833 Columbia Ave, Lancaster, PA

This home is located at 833 Columbia Ave, Lancaster, PA 17603 since 29 June 2016 and is currently estimated at $314,006, approximately $156 per square foot. This property was built in 1900. 833 Columbia 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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