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500 Valley Road

500 Valley Road, Lancaster, PA 17601
Property in Manheim
Sold Oct 08, 2021
$355,000
$175,000 by Pnc Bank Na
Mortgage Due Nov 01, 2051
Sold Dec 22, 2006
$229,999
$177,500 by Countrywide Home Loans Inc
Mortgage Due Jan 01, 2037
500 Valley Road in Lancaster, PA was first built in 1956 and is 68 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 500 Valley Road has 1,664 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 45,302 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of composition shingle. Water for the property is sourced from a well system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 592 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 500 Valley Road sold most recently in Oct 8, 2021 for a total of $355,000. If you work out the math, that's approximately a cost of $157.36 per sqft. Before that, the property was also sold for $229,999 in Dec 15, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,957 in taxes each year. 500 Valley Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $191,000. If we break it down further, the land itself was valued at $77,200. Improvements to the property, however, were assessed at a total of $113,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 592
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 2,256
  • Gross Building Area: 2,496
  • Building Area: 1,664
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,664
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: PLEASANT VALLEY
  • Land Acres: 1.04
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 500 VALLEY RD

Ownership

  • Current Owner : WHEELER TIMOTHY
  • Current Owner 2: WHEELER GLORIA
  • Previous Owner : COLON CARY D
  • Owner Before Previous Owner: HOLT DAVID R
  • Owner Before Previous Owner 2: HOLT SARAH W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Manheim Township School District
  • School Tax School District: MANHEIM TOWNSHI
  • Census Tract: 011803

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 10K14
  • District: 390
  • Parcel: 390-62797-0-0000
  • Lot: 6
  • Municipality: MANHEIM TWP
  • Latitude: 40.0946
  • Longitude: -76.2912

    Address

  • Full Address: 500 Valley Rd
  • Address - House Number: 500
  • Address - Street Name: Valley
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Lancaster
  • Carrier Code: C064
  • 4-Digit Zip Code: 3418
  • Zip Code: 17601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,957

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 385,637
  • High Value: 456,713
  • Low Value: 314,561

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: PNC BANK NA
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $191,000
  • Market Land Value: $77,200
  • Market Improvement Value: $113,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $191,000
  • Assessed Land Value: $77,200
  • Assessed Improvements Value: $113,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859469582
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6637216
  • Previous Sale Recording Date: Dec 22, 2006
  • Previous Sale Contract Date: Dec 15, 2006
  • Previous Sale Amount: $229,999
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PNC BANK NA
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Dec 22, 2006
  • Previous Mortgage Loan Amount: $177,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2037

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Frequently Asked Questions

What neighborhood is 500 Valley Road located in?
The 500 Valley Road is a located in the neighborhood of Manheim in Lancaster, Lancaster.
What is the average sales price for listings in 500 Valley Road?
The average sales price for units in 500 Valley Road is $0 currently.

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