1 year on rocket

408 W Main St, New Holland, PA, 17557

$480,000

Home List Price

$5,700*

Closing Credit

0 Baths
3,520 SqFt
$136/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

408 W Main St, New Holland$480,000

Buyer Closing Credits

$5,700*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAdditional Storage Area, Garage - Rear Entry, Private, Paved Parking, Driveway, Detached Garage
Garage2 spaces
Year Built1920
HeatingForced Air, Hot Water
CoolingCentral Air
ViewCity
MLS #PALA2029704
Lot Size0.22 Acres
StatusActive
(ACTIVE)

About 408 W Main St

408 W Main, is a fully occupied 6-unit, Mixed-use property located at a highly travelled thoroughfare in New Holland, PA. Generating $48,000 of gross operating income per year. This property is uniquely poised to produce substantial income for the foreseeable future. Comprised of 1 commercial unit, 4 licensed boarding rooms, a 1 bedroom apartment, and 2 large storage garages, this property offers the best of both worlds. Looking for an investment that is well diversified and recession resilient? Look no further, the commercial unit is occupied by a barbershop owner who has just signed a new 3 year lease. The remaining units are conveniently placed on on oral or month to month leases, which allows for a new owner to reposition and re-tenant at market rental rates. Due to the low vacancy rates in Lancaster County, as well as the increasingly high rental rates, boarding rooms serve to not only provide affordable units, but also increased income potential. Pro-forma income can realistically be accomplished at $59,400, transforming this 8.2 Cap to 10.6!!! Property is well maintained, roof has recently been repaired, and a new sump pump has been installed. Schedule a showing for this rare find in a tight market!

Property Details

Property Features

Property Information:

  • Architectural Style: Dwelling with Rental
  • Year Built: 1920
  • Living Area: 3,520 SqFt

Listing Office:

  • Office Name: Sable Commercial Realty
  • Office Phone: (717) 399-9361
  • Listing Agent: Brett Martin Peters Jr.

Interior Features

Interior Information:

  • Flooring Type: Laminated, Carpet

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Additional Storage Area, Garage - Rear Entry, Private, Paved Parking, Driveway, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Garden Spot Sr High School, Public District Grades 9-12
  • Garden Spot Middle School, Public District Grades 7-8
  • New Holland Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Call Agent

Municipality:

  • New Holland Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $480,000
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $3,248
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PALA2029704

Listing Office:

  • Office Name: Sable Commercial Realty
  • Office Phone: (717) 399-9361
  • Listing Agent: Brett Martin Peters Jr.

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: 4/25/2024, 2:06:19 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 11, 2021Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,248$173,400
2020$3,161$173,400
2019$3,129$173,400
2018$3,649$173,400
2017$3,089$139,300

History based on county public records data.

Payment Calculator

$2,463

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,506

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Elementary School

school-card-donut-238361
5
/10

  • New Holland Elementary School

  • 126 Eastern School Rd

  • 1.84 miles

  • Public District Grades KG-6

Middle School

school-card-donut-238362
5
/10

  • Garden Spot Middle School

  • 669 E Main St # 609

  • 1.75 miles

  • Public District Grades 7-8

High School

school-card-donut-238363
7
/10

  • Garden Spot Sr High School

  • 669 E Main St

  • 1.75 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,453. The most common annual income of people living in Lancaster County, PA is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 408 W Main St

What is the listing price of this property?

The listing price of 408 W Main St property is $480,000.

What type of property is this?

The property 408 W Main St is a house located in New Holland, Pennsylvania, 17557.

Is this property for sale now?

Active Listing: 408 W Main St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 408 W Main St are:
New Holland Elementary School: GreatSchools Rating 5/10
Garden Spot Middle School: GreatSchools Rating 5/10
Garden Spot Sr High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,248 (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 11, 2021 for $185,000. (source: MLS/tax record).

What is the square footage of this property?

The property 408 W Main St is 3,520 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 408 W Main St is 1920.

Rocket Homes›Pennsylvania›Lancaster County›New Holland›17557›408 W Main St

This home is located at 408 W Main St in New Holland, PA and zip code 17557. This 3,520 square foot home, which was built in 1920, sits on a 0.22 acre lot. It has been listed on Rocket Homes since January 12, 2023 and is currently priced at $480,000.

In March 2024, from all listings sold in Lancaster County, PA there were more than 124 sold above asking price, over 75 sold below and more than 89 were sold right at the asked price. Between February 2024 and March 2024, Lancaster County, PA real estate market has seen decrease in the number of listings by 1%. While the average time on the market in March 2024 was 18 days, the median list price was $324,978.

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

More Resources