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$895,900

Beds
5
Baths
2.5
sq ft
6,974

418-420 W Marion St, Lancaster, PA 17603

418-420 W Marion St

LANCASTER, PA 17603

  • 166 days on market
    • Price drop $54,000↓
WOW! Opportunity is knocking right on the doorstep at 418-420 W Marion Street for the new homeowners of this magnificent property. Welcome home to the heart of Lancaster City. Once a tobacco warehouse, this property was converted into an amazing residence by the current owners. Featured on a segment of HGTV and Lancaster County magazine. The main home boasts approximately 5,500 square feet with an additional 1,500 square feet in the finished walk-out lower level. Soaring ceilings, large open rooms, brick walls, large windows, hardwood floors, handcrafted wood molding, and a cargo elevator make this home truly unique. The Carriage Home has a garage large enough for five plus cars with a second floor one level apartment that's approximately 1,400 square feet with two bedrooms and two full baths. Currently rented to the same tenant for the last eight years. This city property even offers a beautifully landscaped spacious yard. Check out the detailed photos and floor plans! Built and maintained meticulously. Don't miss your opportunity to own one of Lancaster City's Finest Historical District's Properties.

Details

Property type

Single Family Residence

Est. home value

$1,125,867

Lot size

6,534 sq ft

Price per sq ft

$129

Year built

1890

Annual property taxes

$20,754

HOA

No

Price History

01/04/2025
Bright

Bright #PALA2055336

Price change
$895,900
-5.68%
09/13/2024
Bright

Bright #PALA2055336

Price change
$949,900
-3.06%
08/09/2024
Bright

Bright #PALA2055336

Listed
$979,900

Schools & Community

Neighborhood: 

Chestnut Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$628,592
Asking price
$895,900
Closing costs (~8% of asking)
-$71,672
Est. remaining loan balance
-$195,636
Cash to seller
$628,592

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

Seller’s Loan History

Lender

Sovereign Bank Na

Loan start date

February 2012

Original loan amount

$277,350

Est. remaining balance

$195,636

Interest rate

3.91%

Loan type

New Conventional, 30 year

Seller

Susan A Davis and John T Martino

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: 01/22/2025 at 6:40 AM

Listing updated: 01/04/2025 at 2:04 PM

Listed by: Kevin Brown, Coldwell Banker Realty Phone #: (717) 735-8400

MLS: Bright #PALA2055336

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