NOT LISTED FOR SALE

860 N Reading Rd Ephrata, PA 17522

Estimated Value: $289,400

-- Bed
-- Bath
1,898 Sq Ft
$152/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $225,000 $119 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,926/month

32 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Dwelling with Rental

About This Home

As of April 2020

1 bedroom apartment upstairs rents for 795 @ month. 1st floor was a 6 chair hair salon but could be used for offices or other commercial use between Denver & Reading with high visibility. Property has lots of potential

Last Agent to Sell the Property

Ruth Zimmerman

(717) 406-7891 ruthann@zimmermanteam.com Peak Asset Realty License #RS345263 Listed on: 02/07/2020

Peak Asset Realty

Last Buyer's Agent

Samuel Groff

(717) 226-8331 samgroff1@gmail.com Iron Valley Real Estate of Lancaster

Iron Valley Real Estate of Lancaster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,594

Year Built

  • Built in 1951

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Dwelling with Rental

Interior Spaces

  • 1,898 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 8 Open Parking Spaces
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 080-17755-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,594

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Inclusions: 6 chair hair salon
  • New Construction: No
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1898
  • Living Area Sq Ft: 1898
  • Price Per Sq Ft: 126.40
  • Above Grade Finished Sq Ft: 1898
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Electric, Oil
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 121600.00
  • Land Assessed Value: 72900.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Zoning: MIXED USE

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Owner Pays: All Utilities
  • Units Furnished: Some
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3985194
  • School Tax: 3690.00
  • Tax Annual Amount: 4594.00
  • Assessor Parcel Number: 080-17755-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: COCALICO

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Apr 24, 2020
Sold by
Ermas Hair Salon Llc
Bought by
Asper Brian K and Asper Lucinda M
Seller's Agent
Ruth Zimmerman
Peak Asset Realty
Buyer's Agent
Samuel Groff
Iron Valley Real Estate of Lancaster
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Current Estimated Value
$289,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,400
Original Mortgage
$190,000
Outstanding Balance
$168,633
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2009
Sold by
Boyer Brian J
Bought by
Ermas Hair Salon Llc

Purchase Details

Closed on
Sep 13, 2007
Sold by
Ammons Frederick W and Wealand Kimberly S
Bought by
Boyer Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,450
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2003
Sold by
Foreman W Michael and Foreman Maria S
Bought by
Ammons Frederick W and Wealand Kimberly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.45%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Asper Brian K $225,000 None Available
Ermas Hair Salon Llc $174,000 None Available
Boyer Brian J $217,000 None Available
Ammons Frederick W $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asper Brian K $190,000
Previous Owner Boyer Brian J $184,450
Previous Owner Ammons Frederick W $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2020 04/24/20 Sold $225,000 -6.2% $119 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $239,900 -- $126 / 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 $4,845 $194,500 $72,900 $121,600
2024 $4,845 $194,500 $72,900 $121,600
2023 $4,726 $194,500 $72,900 $121,600
2022 $4,600 $194,500 $72,900 $121,600
2021 $4,594 $194,500 $72,900 $121,600
2020 $4,594 $194,500 $72,900 $121,600
2019 $4,539 $194,500 $72,900 $121,600
2018 $3,636 $194,500 $72,900 $121,600
2017 $4,614 $161,300 $87,500 $73,800
2016 $4,614 $161,300 $87,500 $73,800
2015 $3,600 $161,300 $87,500 $73,800
2014 $3,600 $161,300 $87,500 $73,800
Source: Public Records

Agents Affiliated with this Home

  • Ruth Zimmerman

    Seller's Agent in 2020

    Ruth Zimmerman

    Peak Asset Realty

    (717) 406-7891

    11 Total Sales

    Ruth Zimmerman
    Section Image
  • Samuel Groff

    Buyer's Agent in 2020

    Samuel Groff

    Iron Valley Real Estate of Lancaster

    (717) 226-8331

    4 in this area

    165 Total Sales

    Samuel Groff
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA158470

Bright MLS

APN: 080-17755-0-0000

Pennsylvania Lancaster County Ephrata 17522

860 N Reading Rd, Ephrata, PA

Not Listed for Sale

MultiFamily

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