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$304,548Estimated home value

Beds
5
Baths
1.5
sq ft
1,740

255 Elm St, Lancaster, PA 17603

255 Elm St

LANCASTER, PA 17603

  • Sold On 10/21/2024
    • Price drop $25,000↓
New price- bright and airy West End gem move in ready and full of charm! This beautifully maintained and spacious home in the heart of downtown Lancaster has had only four owners across 100+ years and is ready for its next. Perfectly located, you can walk to Central Market, Chestnut Hill Café, Buchanan Park, Cabalar, West Art, and more. With a recent price improvement, this is a terrific opportunity to own a home in one of Lancaster's most desirable neighborhoods. Recent upgrades include a new deck, fence, and landscaping in the backyard—ideal for relaxing or entertaining. Inside, you’ll find fresh paint, new Scandinavian floating LVP flooring (original hardwood underneath), and upgraded kitchen appliances with a dishwasher, induction stove, and refrigerator. The newly renovated full bathroom features a soaking tub, fresh tile, and modern fixtures, with a convenient half bath located off the kitchen. Forced air ductwork is in place for central air to easily be added, if a buyer desires. Enjoy the neighborhood feel of a tree lined side street from your large covered front porch, freshly painted! Just one block long, Elm Street gets very little through traffic and is situated conveniently on the edge of Chestnut Hill, with easy access in and out of the city. A pre-listing inspection has been completed, and the report is available for review.

Details

Property type

Townhouse

Est. home value

$304,548

Lot size

436 sq ft

Price per sq ft

$187

Year built

1900

Annual property taxes

$4,646

HOA

No

Price History

10/18/2024
Bright

Bright #PALA2056992

Sold
$320,000
-1.54%
09/29/2024
Bright

Bright #PALA2056992

Pending
$325,000
09/20/2024
Bright

Bright #PALA2056992

Price change
$325,000
-7.14%

Schools & Community

Neighborhood: 

Chestnut Hill

Elementary school: 

WHARTON

Middle school: 

JOHN F REYNOLDS

High school: 

MCCASKEY H.S.

School district: 

SCHOOL DISTRICT OF LANCASTER

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$84,448
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$214,552
Cash to seller
$84,448

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Members 1St Fcu

Loan start date

July 2021

Original loan amount

$230,860

Est. remaining balance

$214,552

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Brianna Brown and Jeffrey V Oneill

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 11/08/2024 at 10:25 AM

Listing updated: 10/22/2024 at 1:57 AM

Listed by: Laura Rohrer, Life Changes Realty Group Phone #: (717) 621-2672

MLS: Bright #PALA2056992

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