NOT LISTED FOR SALE

9215 Olde Scotland Rd Shippensburg, PA 17257

-- Bed
-- Bath
-- Sq Ft
1.21 Acres

Last Sold May 01, 2017

Last sale price $840,000

Highlights

  • 1.21 Acre Lot
  • Cooling Available
  • Heat Pump System
  • No HOA

About This Home

As of May 2017

Immaculate 12 unit garden apartment complex on 1.21 acres in Shippensburg. Twin buildings on single tax parcel. Each has 6 units. Unit mix is 8 two bedroom units and 4 one bedroom units. Fully occupied. Opportunity to raise rents. Each unit has storage closet on lower level. Coin operated laundry. 24 parking spaces. Many recent updates!

Last Agent to Sell the Property

Buz Wolfe

(717) 448-0389 buzwolfe@wolfecr.com Wolfe & Company REALTORS License #RM421470 Listed on: 02/21/2017

Last Buyer's Agent

Wes Strite

(717) 404-1471 wes@thestritegroup.com Cedar Spring Realty

Cedar Spring Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,673

Year Built

  • Built in 1972

Lot Details

  • 1.21

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Public Septic

Additional Features

  • Exterior Basement Entry
  • 1.21 Acre Lot

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 21-N14-94

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Operating Expense $40,003
  • Net Operating Income $61,277

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,673

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1972
  • Remarks Public: Immaculate 12 unit garden apartment complex on 1.21 acres in Shippensburg. Twin buildings on single tax parcel. Each has 6 units. Unit mix is 8 two bedroom units and 4 one bedroom units. Fully occupied. Opportunity to raise rents. Each unit has storage closet on lower level. Coin operated laundry. 24 parking spaces. Many recent updates!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Street Number Modifier: 9215

Exterior Features

  • Construction Materials: Brick
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 96430.00
  • Land Assessed Value: 9600.00
  • Lot Size Acres: 1.21
  • Lot Size Area: 52708
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 52708.00
  • Year Assessed: 1961
  • Zoning: COMMERCI
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10746665
  • Tax Annual Amount: 13673.42
  • Assessor Parcel Number: 21-N14-94
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 05/01/2017

Multi Family

  • Gross Income: 101280.00
  • Operating Expense: 40003.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2017
Closed on
Apr 19, 2017
Sold by
Gayman Harold L and Kyner Tracie R
Bought by
Kjs Real Estate Holdings Iii Llc
Seller's Agent
Buz Wolfe
Wolfe & Company REALTORS
Buyer's Agent
Wes Strite
Cedar Spring Realty
List Price
$775,000
Sold Price
$840,000
Premium/Discount to List
$65,000
8.39%
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
Kjs Real Estate Holdings Iii Llc $840,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kjs Real Estate Holdings Iii Llc $13,640,000
Closed Kjs Real Estate Holdings Iii Llc $1,360,000
Closed Kjs Real Estate Holdings Iii Llc $644,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Sold $840,000 +8.4% --
03/10/2017 03/10/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $775,000 -- --
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 $15,696 $106,030 $9,600 $96,430
2024 $13,736 $106,030 $9,600 $96,430
2023 $13,457 $106,030 $9,600 $96,430
2022 $13,365 $106,030 $9,600 $96,430
2021 $12,971 $106,030 $9,600 $96,430
2020 $13,625 $106,030 $9,600 $96,430
2019 $13,501 $106,030 $9,600 $96,430
2018 $13,751 $106,030 $9,600 $96,430
2017 $13,859 $106,030 $9,600 $96,430
2016 $2,969 $106,030 $9,600 $96,430
2015 -- $106,030 $9,600 $96,430
2014 $2,762 $106,030 $9,600 $96,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003673613

Bright MLS

APN: 21-0N14-094-000000