tomo logo

$389,900

Beds
3
Baths
1.5
sq ft
1,803

331 W King St, Lancaster, PA 17603

331 W King St

LANCASTER, PA 17603

  • 66 days on market
Rare opportunity of historic charm and modern trendiness in downtown Lancaster. This unique block-long property combines a contemporary urban farmhouse, a spacious 500+ sq. ft. warehouse, and 4+ parking spaces, offering endless possibilities for expansion and additional revenue. This investment gem presents versatile options, including the potential to create a live/work space while generating extra income. The historic 1870s home has been thoughtfully renovated to blend original architectural elements with modern style, featuring sun-filled living areas, raw wood accents, exposed brick walls, and original ceiling beams. Major systems have been updated including new HVAC, electrical, and plumbing. Inside, you'll find generously sized bedrooms, a convenient first-floor half bath, and a stunning second-floor full bath designed as a spa retreat. This luxurious bath includes a dual vanity, a custom shower with a 12” x 12” rainfall showerhead, and a full-size stackable washer and dryer. Experience the comfort of downtown living with no parking hassles. Just a few blocks away, enjoy Lancaster’s vibrant and artistic downtown scene, including the Historic Farmers Market, artisan coffee shops, the Historic Fulton Opera House, excellent restaurants, rooftop dining, and more.

Details

Property type

Townhouse

Est. home value

$393,556

Lot size

3,485 sq ft

Price per sq ft

$217

Year built

1875

Annual property taxes

$5,618

HOA

No

Price History

09/03/2024
Bright

Bright #PALA2056464

Listed
$389,900

Schools & Community

Neighborhood: 

Chestnut Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

SCHOOL DISTRICT OF LANCASTER

Seller’s Loan History

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

Lender

Wheatland Fcu

Loan start date

November 2022

Original loan amount

$41,500

Est. remaining balance

Not provided

Interest rate

6.09%

Loan type

Stand Alone Second, 10 year

Seller

Christopher B Maul

Lender

Fidelis Mortgage Corp

Loan start date

January 2022

Original loan amount

$162,500

Est. remaining balance

$153,070

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Christopher B Maul

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: Active

Tomo last checked: 11/08/2024 at 3:45 PM

Listing updated: 10/25/2024 at 3:34 PM

Listed by: Gina M Meier, Keller Williams Elite Phone #: (717) 553-2500

MLS: Bright #PALA2056464

Bright logo

Recently listed in LANCASTER

$349,900|3 bd|1.5 ba|House
$355,000|3 bd|2.0 ba|House
$239,900|2 bd|1.0 ba|Townhouse
$299,900|3 bd|1.5 ba|House
$229,900|3 bd|2.0 ba|Townhouse
$239,905|3 bd|1.5 ba|Townhouse
$175,000|3 bd|1.0 ba|Townhouse