NOT LISTED FOR SALE

841 Londonderry Blvd Palmyra, PA 17078

Estimated Value: $551,329 - $616,000

-- Bed
4 Baths
4,360 Sq Ft
$134/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $480,000 $110 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,758/month

6 Days on Market

Highlights

  • Rambler Architecture
  • Wood Flooring
  • Hot Water Heating System
  • Palmyra Area Senior High School Rated 9+
  • Surveillance System
  • Level Lot

About This Home

As of May 2023

Location, location, location. Quiet south side Palmyra, this five unit apartment building offers an excellent investment opportunity in a very desirable area. Each unit features front and rear entrances, lovely flat yards, economical costs. On site coin operated laundry on lower level. Current month to month on 4 of 5 apartment. Four two bedroom apartments and one one bedroom. Two lower level apartments completely remodeled 2019 with beautiful tile floors. All windows have been replaced except for unit #1, which is to be vacated by mid May. Tenants pay electric and hot water. Owner pays septic avg $372 mo, $90 electric/mo, propane $2500/yr, trash $85/mo, insurance $1850/yr.

Last Agent to Sell the Property

Jen Soliday

Berkshire Hathaway HomeServices Homesale Realty Listed on: 03/27/2023

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Wendy Stauffer

Kingsway Realty - Ephrata License #RS203936L

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,220

Year Built

  • Built in 1970

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 93x130x90x152
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Back Yard

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile or Brick
  • Vinyl

Home Security

  • Surveillance System
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces

Schools

  • Palmyra Area High School

Utilities

  • Window Unit Cooling System
  • Heating System Powered By Owned Propane
  • Radiant Heating System
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Well
  • Propane Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • The owner pays for common area maintenance, heater maintenance contract, insurance, repairs, sewer, personal property taxes, real estate taxes, trash collection
  • Assessor Parcel Number 28-2295670-355253-0000

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,800
  • Trash Expense $1,020
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,220

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: disconnected water tank in utility room
  • Historic: No
  • Home Warranty: No
  • Inclusions: two coin operated washer, five refrigerators, propane tank owned, surveillance system
  • New Construction: No
  • Expected On Market: 2023-03-27
  • Year Built: 1970
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Location, location, location. Quiet south side Palmyra, this five unit apartment building offers an excellent investment opportunity in a very desirable area. Each unit features front and rear entrances, lovely flat yards, economical costs. On site coin operated laundry on lower level. Current month to month on 4 of 5 apartment. Four two bedroom apartments and one one bedroom. Two lower level apartments completely remodeled 2019 with beautiful tile floors. All windows have been replaced except for unit #1, which is to be vacated by mid May. Tenants pay electric and hot water. Owner pays septic avg $372 mo, $90 electric/mo, propane $2500/yr, trash $85/mo, insurance $1850/yr.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring Type: Carpet, Laminated, Tile/Brick, Vinyl, Wood
  • Fireplace: No
  • Foundation Details: Slab
  • Total Sq Ft: 5010
  • Living Area Sq Ft: 4360
  • Price Per Sq Ft: 189.36
  • Above Grade Finished Sq Ft: 2640
  • Below Grade Finished Sq Ft: 1720
  • Below Grade Sq Ft: 650
  • Total Below Grade Sq Ft: 2370
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 841

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Exterior Features: Exterior Lighting
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 90
  • Previous Twelve Months Electric Expense: 1080.00
  • Electric Service: Circuit Breakers
  • Gas Avg Month: 200.00
  • Gas Prev12 Months: 2400.00
  • Heating Fuel: Propane - Owned, Electric
  • Heating Type: Radiant, Hot Water, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric, Propane
  • Security: Smoke Detector, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Propane
  • Water Source: Well

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: PALMYRA AREA
  • High School: PALMYRA AREA
  • High School Source: Listing Agent
  • School District Key: 300200397383
  • School District Source: 3rd Party
  • High School: PALMYRA AREA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 282000.00
  • Land Assessed Value: 35300.00
  • Land Use Code: 104
  • Lot Features: Cleared, Level, Open, Rear Yard, Road Frontage
  • Lot Size Acres: 0.29
  • Lot Dimensions: 93x130x90x152
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Year Assessed: 2022
  • Zoning: 104 RESIDENTIAL
  • Zoning Description: Res

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Heater Maintenance Contract, Insurance, Repairs, Sewer, Taxes - Personal Property, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 40800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10344594
  • School Tax: 5347.00
  • Tax Annual Amount: 7220.00
  • Assessor Parcel Number: 28-2295670-355253-0000
  • Tax Total Finished Sq Ft: 2640
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/31/2023

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 40800.00
  • Income Includes: Apartment Rentals
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: PALMYRA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
May 31, 2023
Sold by
Grichevsky Apartment Rentals Llc
Bought by
Hursh Daryl W
Seller's Agent
Jen Soliday
Berkshire Hathaway HomeServices Homesale Realty
Buyer's Agent
Wendy Stauffer
Kingsway Realty - Ephrata
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%
Views
81
Current Estimated Value
$583,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,665
Avg. Annual Appreciation
5.29%

Purchase Details

Listed on
Jan 16, 2012
Closed on
Feb 27, 2012
Sold by
Starner Dorothy E
Bought by
Grichevsky Apartment Rentals Llc
Seller's Agent
Carol Cortright
Howard Hanna Krall Real Estate
Buyer's Agent
Ernest Steele
Berkshire Hathaway Homesale Realty
List Price
$315,000
Sold Price
$270,000
Premium/Discount to List
-$45,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
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
Hursh Daryl W $480,000 None Listed On Document
Grichevsky Apartment Rentals Llc $270,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $480,000 -4.0% $110 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $499,900 0.0% $115 / Sq Ft
03/27/2023 03/27/23 Price Changed $499,900 +85.1% $115 / Sq Ft
02/27/2012 02/27/12 Sold $270,000 -14.3% --
01/31/2012 01/31/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $315,000 -- --
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 $7,792 $317,300 $35,300 $282,000
2024 $7,221 $317,300 $35,300 $282,000
2023 $7,221 $317,300 $35,300 $282,000
2022 $7,036 $317,300 $35,300 $282,000
2021 $6,647 $317,300 $35,300 $282,000
2020 $6,557 $317,300 $35,300 $282,000
2019 $6,429 $317,300 $35,300 $282,000
2018 $6,361 $317,300 $35,300 $282,000
2017 $1,684 $317,300 $35,300 $282,000
2016 $5,950 $317,300 $35,300 $282,000
2015 -- $317,300 $35,300 $282,000
2014 -- $317,300 $35,300 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN2009124

Bright MLS

APN: 28-2295670-355253-0000