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$269,900

Beds
2
Baths
1.5
sq ft
1,071

616 W Marion St, Lancaster, PA 17603

616 W Marion St

LANCASTER, PA 17603

  • 7 days on market
Welcome to your next home in the heart of Lancaster City's Chestnut Hill neighborhood! This home boasts 2 bedrooms and 1.5 baths with almost 1100 square feet of move in ready space, and is currently used as an Airbnb. Walk into the spacious living/dining room, and continue into the updated kitchen with stainless steel appliances. Head out the back door to the private backyard with stamped concrete patio and yard space. Upstairs on the second floor you will find a large bedroom along with a walkthrough space to the full bathroom and stairs to the third floor. The third floor has a large second bedroom with closet. In the basement you will find the laundry gas furnace and newer hot water heater. Don't miss your chance to see this home and add it to your investment portfolio or move in yourself!

Details

Property type

Duplex

Est. home value

$242,425

Lot size

1,742 sq ft

Price per sq ft

$253

Year built

1900

Annual property taxes

$4,098

HOA

No

Price History

01/04/2025
Bright

Bright #PALA2062436

Listed
$269,900
+47.49%
11/23/2020
Bright

Bright #PALA167916

Sold
$183,000
+68.18%
05/29/2014
Bright

Bright #1003450355

Sold
$108,814

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

$86,969
Asking price
$269,900
Closing costs (~8% of asking)
-$21,592
Est. remaining loan balance
-$161,339
Cash to seller
$86,969

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

Seller’s Loan History

Lender

Fulton Bank Na

Loan start date

November 2020

Original loan amount

$177,510

Est. remaining balance

$161,339

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Robert J Corbin 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: 01/06/2025 at 10:05 PM

Listing updated: 01/04/2025 at 6:04 AM

Listed by: David Yunginger, Howard Hanna Real Estate Services - Lancaster Phone #: (717) 392-0200

MLS: Bright #PALA2062436

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