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$640,000

Beds
12
Baths
4.0
sq ft
7,100

484 Brough Rd, Abbottstown, PA 17301

484 Brough Rd

ABBOTTSTOWN, PA 17301

  • 145 days on market
**Versatile Multi-Unit Property on 3 Acres in Abbottstown, PA...WITH Optional Owner Financing** Discover this well-maintained 3-acre property in Abbottstown, featuring three separate rental units: a spacious 5-bedroom, 2-bath main house, and two units in a converted barn (3-bed/1-bath downstairs and 4-bed/1-bath upstairs). Each unit includes its own washer and dryer. The property generates a total of $5,500 in monthly rental income, or $3,050 without renting the main house. With an assumable loan of $320,000 at a 2.25% interest rate and the option for owner financing, this property offers flexible opportunities. Whether you're looking for a family compound, wish to live in the main house while renting out the barn units, or seeking a solid investment, this property has it all. Enjoy the serene setting and expansive land while benefiting from rental income. **Additional Info** The owner pays for trash pickup ($70/month), water filtration service ($300/year) and to pump out the holding tanks 13-14 times per year ($570/time) WHICH can be changed by having EcoFlow come out to install a septic system and water filtration system for only $350/month putting money back into your pocket. The main house has a septic tank which is pumped every 2-3 years. The main house also has a mother/daughter suite as a bonus.

Details

Property type

Single Family Residence

Est. home value

$495,180

Lot size

3.16 acres

Price per sq ft

$91

Year built

1920

Annual property taxes

$8,540

HOA

No

Price History

10/24/2024
Bright

Bright #PAAD2013424

Price change
$640,000
+0.02%
07/17/2024
Bright

Bright #PAAD2013424

Price change
$639,900
-0.02%
06/21/2024
Bright

Bright #PAAD2013424

Listed
$640,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

NEW OXFORD

School district: 

CONEWAGO VALLEY

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

$271,501
Asking price
$640,000
Closing costs (~8% of asking)
-$51,200
Est. remaining loan balance
-$317,299
Cash to seller
$271,501

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

Seller’s Loan History

Lender

Clearpath Lending

Loan start date

September 2020

Original loan amount

$349,050

Est. remaining balance

$317,299

Interest rate

2.88%

Loan type

VA, 30 year

Seller

Kathleen M Harman and Charles L Harman Jr

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 6:50 AM

Listing updated: 10/24/2024 at 1:04 PM

Listed by: Nathaniel Martin Barshinger, EXP Realty, LLC Phone #: (888) 397-7352

MLS: Bright #PAAD2013424

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