2 months on rocket

540 E King St, Lancaster, PA, 17603

$640,000

Home List Price

$7,600*

Closing Credit

0 Baths
2,352 SqFt
$272/SqFt
House

Location

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540 E King St, Lancaster$640,000

Buyer Closing Credits

$7,600*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGarage - Rear Entry, On Street, Attached Garage, Off Street
Garage2 spaces
Year Built1890
HeatingBaseboard
CoolingWall Unit(s)
MLS #PALA2059304
Lot Size0.18 Acres
StatusActive
(ACTIVE)

About 540 E King St

Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has a mix of unit sizes and a mix of tenant duration. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1890
  • Living Area: 2,352 SqFt

Listing Office:

  • Office Name: Keller Williams Elite
  • Office Phone: (717) 553-2500
  • Listing Agent: Matthew Joseph Koch

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage - Rear Entry, On Street, Attached Garage, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: use google map or map app

Municipality:

  • Lancaster City

Price Information

Listing Price Info

Price Summary:

  • List Price: $640,000
  • Price Per SqFt: $272/SqFt

Tax Information:

  • Annual Amount: $7,275
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lancaster, PA.

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Lancaster, PA

City

Med. Sold Price

$320.5K

Med. Price/SqFt

$188

Avg. Days On Market

16

# of Sold Homes

119

540 E King St vs Lancaster

64 DAYS ON ROCKET

+48 Days

$640,000

+$319.4K More

$272/SqFt

+$84 More

KEY TAKEAWAY

This property is $319.4K more than the Median Sold Price and $84/SqFt more than other homes in Lancaster, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PALA2059304

Listing Office:

  • Office Name: Keller Williams Elite
  • Office Phone: (717) 553-2500
  • Listing Agent: Matthew Joseph Koch

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/27/2024, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 03, 2018Home Sold
$290,000
Dec 18, 2003Home Sold
$100,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,275$197,200
2020$7,194$197,200
2019$7,087$197,200
2018$3,638$86,900
2017$3,707$80,700

History based on county public records data.

Payment Calculator

$3,262

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1749666
5
/10

  • King Elementary School

  • 466 Rockland St

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-1749667
5
/10

  • Wickersham Elementary School

  • 401 N Reservoir St

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-1749668
4
/10

  • Washington Elementary School

  • 545 S Ann St

  • 0.56 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,529. Typical income of Lancaster, PA residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Lancaster, PA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Lancaster, PA.

Lancaster's housing market is diverse, offering a mix of historic row homes, modern apartments, and spacious single-family residences. The architectural styles reflect the city's rich history, with a notable presence of Colonial and Victorian homes, especially in the downtown area. The housing landscape is a blend, with single-family homes making up a significant portion, complemented by multi-family units and apartments that cater to a range of preferences. The homeownership rate in Lancaster is robust, with a healthy balance between owners and renters.

What is it like to live in Lancaster, PA?

Lancaster is celebrated for its vibrant arts scene and strong sense of community. The city prides itself on its historical significance, with well-preserved buildings and museums that tell the story of its past. Annual events like the Lancaster Festival of the Arts bring the community together, showcasing local talent and fostering a collective appreciation for the arts. The city's character is further defined by its commitment to preserving green spaces and promoting a family-friendly atmosphere.

Is it easy to get around Lancaster, PA without a car?

The community benefits from a solid educational system, with numerous public and private schools providing a range of educational opportunities. Lancaster is home to several healthcare facilities, including a well-regarded hospital that offers a variety of services from emergency care to specialized treatments. The public library system is active, supporting lifelong learning with multiple branches. Retail and dining options are plentiful, reflecting the local culture with a mix of traditional Pennsylvania Dutch cuisine and contemporary eateries. City initiatives are in place to continually improve services to meet the needs of a growing and diverse population.

Transportation in Lancaster, PA.

Lancaster's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and towns. Public transit options are available, with bus services covering various routes throughout the city. The area's walkability varies, with the downtown core being particularly pedestrian-friendly. Bike lanes and trails are also available for cycling enthusiasts. While specific ride-sharing statistics are not mentioned, such services are commonly used by residents for added convenience. Recent efforts have been made to enhance transport efficiency and accessibility, reflecting the city's commitment to improving mobility for all its inhabitants.

Frequently Asked Questions About 540 E King St

What is the listing price of this property?

The listing price of 540 E King St property is $640,000.

What type of property is this?

The property 540 E King St is a house located in Lancaster, Pennsylvania, 17603.

Is this property for sale now?

Active Listing: 540 E King St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,275 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 3, 2018 for $290,000. (source: MLS/tax record).

What is the square footage of this property?

The property 540 E King St is 2,352 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 E King St is 1890.

Rocket Homes›Pennsylvania›Lancaster County›Lancaster›17603›540 E King St

This home is located at 540 E King St in Lancaster, PA and zip code 17603. This 2,352 square foot home, which was built in 1890, sits on a 0.18 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $640,000.

Lancaster, PA housing market in November 2024 saw over 48 listings sold above listed price, more than 38 sold at listed price and over 33 sold below. Between October 2024 and November 2024, Lancaster, PA real estate market has seen decrease in the number of listings by 4.9%. In November 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $320,508.

From Rocket Homes Real Estate and based on county public records data.

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