NOT LISTED FOR SALE

Estimated Value: $522,000 - $544,612

-- Bed
4 Baths
3,957 Sq Ft
$136/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $530,000 $134 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,700/month

7 Days on Market

Highlights

  • Outdoor Storage
  • Electric Baseboard Heater
  • 5-minute walk to Musser Park

About This Home

As of February 2024

Introducing an exceptional investment opportunity in a prime location! Nestled in a desirable area close to Musser Park and an easy walk to downtown, this four-unit is a gem for savvy investors. The solid brick building stands proudly as an end unit, boasting a well-maintained exterior and a charming front porch. With separate utilities, no privacy violations, and interior fire escapes for safety, each unit ensures comfort and convenience for tenants.

Inside, the layout of each unit is thoughtfully designed, featuring hardwood floors, high ceilings flooding the space with natural light, and two of the units adorned with beautiful bay windows. Parking is a breeze with three off-street parking spaces, a coveted amenity in this area. This property is easy to maintain, with recent updates to all units ensuring a modern, attractive appeal.

The update in Unit 2 was completed in 2023, while the remaining units have been recently refreshed, ensuring a uniform and appealing standard throughout the property. Currently occupied by excellent tenants, this investment property is a turnkey opportunity for investors seeking a hassle-free addition to their portfolio. Don't miss the chance to own this well-kept, income-generating property in a sought-after location – schedule your viewing today!
Please review property layout and income and expense statement before requesting a showing.

Last Listed By

Christine Nolt

Kingsway Realty - Lancaster License #RS332150 Listed on: 12/05/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,408

Year Built

  • Built in 1890

Lot Details

  • 2,614

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof
  • Masonry

Interior Spaces

  • 3,957 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • 3 Off-Street Spaces

Utilities

  • Electric Baseboard Heater
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • Outdoor Storage
  • 2,614 Sq Ft Lot

Community Details

  • 4 Units
  • Trash Expense $660

Listing and Financial Details

  • Assessor Parcel Number 336-71914-0-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,408

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Expected On Market: 2023-12-05
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3957
  • Living Area Sq Ft: 3957
  • Price Per Sq Ft: 138.99
  • Above Grade Finished Sq Ft: 3957
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 302

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Exterior Features: Secure Storage
  • Roof: Rubber
  • 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: 3
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • School District Key: 300200397286
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 116
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 5103.00
  • Tax Annual Amount: 8408.00
  • Assessor Parcel Number: 336-71914-0-0000
  • Tax Total Finished Sq Ft: 3957
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/02/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2023
Closed on
Feb 2, 2024
Sold by
Mantle Investments Llc
Bought by
302 N Lime Llc
Seller's Agent
Christine Nolt
Kingsway Realty - Lancaster
Buyer's Agent
Courtney Longenecker
Keller Williams Elite
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Total Days on Market
7
Views
94
Current Estimated Value
$537,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,403
Avg. Annual Appreciation
3.35%
Original Mortgage
$424,000
Outstanding Balance
$419,359
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$132,758

Purchase Details

Closed on
Jan 6, 2023
Sold by
Horst Ryan E and Horst Janelle L
Bought by
Mantle Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2022
Sold by
Horst Ryan E and Horst Janelle L
Bought by
Horst Ryan E and Horst Janelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2003
Sold by
Hollinger J Robert
Bought by
Horst Ryan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.09%

Purchase Details

Closed on
Nov 22, 2000
Sold by
Hollinger J Robert and Hollinger Marialice M
Bought by
Hollinger J Robert

Range of Values:

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Average Value
Not Available
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
302 N Lime Llc $530,000 Capstone Land Transfer
Mantle Investments Llc $400,000 --
Horst Ryan E -- --
Horst Ryan E $124,900 --
Hollinger J Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 302 N Lime Llc $424,000
Previous Owner Mantle Investments Llc $320,000
Previous Owner Horst Ryan E $126,000
Previous Owner Horst Ryan E $120,000
Previous Owner Horst Ryan E $99,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $530,000 -3.6% $134 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $550,000 -- $139 / 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 $8,409 $212,500 $29,900 $182,600
2023 $8,267 $212,500 $29,900 $182,600
2022 $7,923 $212,500 $29,900 $182,600
2021 $7,753 $212,500 $29,900 $182,600
2020 $7,753 $212,500 $29,900 $182,600
2019 $7,637 $212,500 $29,900 $182,600
2018 $8,897 $212,500 $29,900 $182,600
2017 $6,063 $132,000 $21,600 $110,400
2016 $6,008 $132,000 $21,600 $110,400
2015 $2,344 $132,000 $21,600 $110,400
2014 $5,243 $132,000 $21,600 $110,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2044398

Bright MLS

APN: 336-71914-0-0000