NOT LISTED FOR SALE

907 Route 41 Gap, PA 17527

Estimated Value: $265,402 - $336,000

-- Bed
2 Baths
1,647 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $170,000 $103 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,869/month

18 Days on Market

Highlights

  • Traditional Floor Plan
  • No HOA
  • Bathtub with Shower
  • Traditional Architecture
  • Side Yard
  • Water Treatment System

About This Home

As of September 2020

A great investment property with 2 apartments, both 2 bedroom and one bath. Both units are currently occupied. A new water system has just been replaced. Washer and Dryer in basement for both tenants use. Located in Gap, these units are never hard to rent.

Last Agent to Sell the Property

Kim Mann

Hostetter Realty License #319578 Listed on: 07/13/2020

Last Buyer's Agent

Doug Byler

Hostetter Realty-Gap

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 1948

Lot Details

  • 3,485 Sq Ft Lot
  • Infill Lot
  • Side Yard
  • Property is in average condition

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Bathtub with Shower
  • 1,647 Sq Ft Home
  • Traditional Floor Plan
  • Combination Kitchen and Dining Room
  • Partial Basement
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Schools

  • Salisbury Elementary School
  • Pequea Valley Middle School
  • Pequea Valley High School

Utilities

  • Electric Baseboard Heater
  • Water Treatment System
  • Electric Water Heater
  • Water Conditioner is Owned
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer
  • Assessor Parcel Number 560-00899-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $700
  • Manager Expense $1,381
  • Other Expense $960
  • Trash Expense $300
  • Gross Income $19,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,698

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: washer, dryer, refridgerators in both units
  • New Construction: No
  • Other Expense: 960.00
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: A great investment property with 2 apartments, both 2 bedroom and one bath. Both units are currently occupied. A new water system has just been replaced. Washer and Dryer in basement for both tenants use. Located in Gap, these units are never hard to rent.
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Oven/Range - Electric, Water Conditioner - Owned, Washer, Dryer - Electric, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Combination Kitchen/Dining, Floor Plan - Traditional, Tub Shower, Water Treat System
  • Fireplace: No
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 1647
  • Living Area Sq Ft: 1647
  • Price Per Sq Ft: 114.75
  • Above Grade Finished Sq Ft: 1647
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 907

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Exterior Lighting
  • Roof: Shingle
  • 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: Crushed Stone
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available, Sewer Available
  • Water Source: Private
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 1381.00
  • Association Recreation Fee: No

Schools

  • School District: PEQUEA VALLEY
  • Elementary School: SALISBURY
  • Middle School: PEQUEA VALLEY
  • High School: PEQUEA VALLEY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397145
  • School District Source: Listing Agent
  • Elementary School: SALISBURY
  • High School: PEQUEA VALLEY
  • Middle Or Junior School: PEQUEA VALLEY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 109400.00
  • Land Assessed Value: 40000.00
  • Land Use Code: 114
  • Lot Features: Sideyard(s)
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Condition: Average
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Sewer
  • Rent Control: No
  • Total Actual Rent: 19740.00
  • Units Leased Count: 2
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 4139324
  • School Tax: 2263.00
  • Tax Annual Amount: 2698.00
  • Assessor Parcel Number: 560-00899-0-0000
  • Tax Total Finished Sq Ft: 1647
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/15/2020

Multi Family

  • Gross Scheduled Income: 19740.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: PEQUEA VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Sep 15, 2020
Sold by
Smucker Stephen S and Smucker Lydia S
Bought by
Stoltzfus Alvin K
Seller's Agent
Kim Mann
Hostetter Realty
Buyer's Agent
Doug Byler
Hostetter Realty-Gap
List Price
$189,000
Sold Price
$170,000
Premium/Discount to List
-$19,000
-10.05%
Current Estimated Value
$299,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,101
Avg. Annual Appreciation
11.69%

Purchase Details

Closed on
Jul 31, 2015
Sold by
Byler J Douglas
Bought by
Smucker Stephen S and Smucker Lydia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
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
Stoltzfus Alvin K $170,000 Regal Abstract Lancaster
Smucker Stephen S $158,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smucker Stephen S $164,000
Previous Owner Byler J Douglas $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $170,000 -10.1% $103 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $189,000 -- $115 / 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 $2,870 $149,400 $40,000 $109,400
2023 $2,777 $149,400 $40,000 $109,400
2022 $2,720 $149,400 $40,000 $109,400
2021 $2,664 $149,400 $40,000 $109,400
2020 $2,664 $149,400 $40,000 $109,400
2019 $2,628 $149,400 $40,000 $109,400
2018 $4,387 $149,400 $40,000 $109,400
2017 $2,027 $92,000 $20,500 $71,500
2016 $2,027 $92,000 $20,500 $71,500
2015 $360 $92,000 $20,500 $71,500
2014 $1,608 $92,000 $20,500 $71,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA166356

Bright MLS

APN: 560-00899-0-0000