NOT LISTED FOR SALE
Studio
-- Bath
2,650 Sq Ft
1,307 Sq Ft Lot

Last Sold August 30, 2023

Last sale price $426,500 $161 Per Sq Ft

7 Days on Market

Highlights

  • Partially Wooded Lot
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • Balcony
  • 3-minute walk to Musser Park

About This Home

As of August 2023

FIVE LICENSED UNITS WITH A CONVENIENT CENTER-CITY LOCATION, 7 Doors from MUSSER PARK !! Seller has had ownership for over 44 years. Three one-bedroom units, 1 efficiency, & a room w/bath & kitchenette. Units 3 & 5 have been occupied by same tenants for 25+ years. 1st fl. Unit now rented for $950.00 beginning July 1st. Second fl. is newly renovated & should rent for $900.00/mo. -current owner prefers the new owner select the new tenant. Home has an interesting history - Franklin College occupied 109-117 N. Lime St. from 1839 until their merger with Marshall College in 1854. Charles Demuth was born & lived at 109 N. Lime St. for approximately 6 years until his family relocated to the 100 Block of E. King St. and John Weiss, balloonist, also resided at 109 N. Lime in the mid-19th century. Full Lancaster Code inspection including lead paint abatement completed June 1. 2023. Leases are 1 yr. term - Unit 1 lease expires July 1, 2024, Unit 2 is currently vacant, Unit 3 lease expires 8/31/23, Unit 4 lease expires 12/30/23, and Unit 5 lease expires 7/31/23.
**PLEASE NOTE! INTERESTED BUYERS ARE ENCOURAGED TO ATTEND AN OPEN HOUSE BEING HELD THIS WEDNESDAY, JUNE 14TH, 2023 FROM 04:30 PM UNTIL 07:00 PM. NO SHOWINGS BY APPT. - OPPORTUNITIES TO SEE THIS PROPERTY WILL BE ONLY IN OPEN HOUSES !

Last Agent to Sell the Property

Jeff LeFevre

(717) 393-0100 gschlectic@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS102514A Listed on: 06/12/2023

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Justine Dennis McPhee

(717) 553-2500 klrw1040@kw.com Keller Williams Elite License #RS322183

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,446

Year Built

  • Built in 1780

Lot Details

  • 1,307 Sq Ft Lot
  • Landscaped
  • Partially Wooded Lot
  • Property is in very good condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,650 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Soaking Tub
  • Bathtub with Shower

Parking

  • Off-Site Parking
  • Rented or Permit Required

Outdoor Features

  • Balcony
  • Porch

Schools

  • Mccaskey High School

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 332-05787-0-0000

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Musser Park Subdivision

Building Details

  • 1 Vacant Unit
  • Net Operating Income $29,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,446

Year Built

Built in 1780

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1780
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven - Single, Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Soaking Tub, Tub Shower
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2650
  • Living Area Sq Ft: 2650
  • Price Per Sq Ft: 160.94
  • Above Grade Finished Sq Ft: 2650
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Rented/Permit Required
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • High School Source: Listing Agent
  • School District Source: 3rd Party
  • High School: MCCASKEY H.S.

Lot Info

  • Lot Features: Landscaping, Not In Development, Partly Wooded
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Property Condition: Very Good
  • Zoning: MULTI USE
  • Zoning Description: Comm-Retail

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 3869.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6446.00
  • Assessor Parcel Number: 332-05787-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 42840.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $426,500 0.0% $161 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $426,500 -- $161 / Sq Ft
Source: Bright MLS

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 $6,557 $165,700 $33,800 $131,900
2024 $6,557 $165,700 $33,800 $131,900
2023 $6,446 $165,700 $33,800 $131,900
2022 $6,178 $165,700 $33,800 $131,900
2021 $6,045 $165,700 $33,800 $131,900
2020 $6,045 $165,700 $33,800 $131,900
2019 $5,955 $165,700 $33,800 $131,900
2018 $3,534 $165,700 $33,800 $131,900
2017 $3,743 $81,500 $19,700 $61,800
2016 $3,709 $81,500 $19,700 $61,800
2015 $1,447 $81,500 $19,700 $61,800
2014 $3,237 $81,500 $19,700 $61,800
Source: Public Records

Agents Affiliated with this Home

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Source: Bright MLS

MLS Number: PALA2036334

Bright MLS

APN: 332-05787-0-0000