Market Research Report: 181 Simmons Road, Mechanicsburg, PA 17055
Property Overview
Address: 181 Simmons Road, Mechanicsburg, PA 17055
Property Type: Single-family residence
Lot Size: 0.52 acres
Living Area: 2,842 square feet
Bedrooms: 3
Bathrooms: 2.5
Year Built: 1992
Architectural Style: Traditional
Features:
- Open floor plan
- Cathedral ceilings
- Updated kitchen with granite countertops (2019)
- Formal dining room with custom wainscoting
- Family room with gas or wood fireplace
- Partially finished basement
- Two-car garage
- Patio, pergola, fire pit, and wrought iron fencing in the backyard
Recent Updates:
- HVAC system replaced in 2021
- Garage doors and chimney updated in 2022
Market Analysis
Recent Sales Data:
- August 31, 2023: Sold for $422,000
- July 13, 2023: Listed for sale at $399,000
- January 27, 2012: Sold for $243,000
Estimated Market Value: Approximately $449,881 as of the latest assessment
Comparable Properties:
- 173 N Loop Road, Mechanicsburg, PA 17055: Listed at $686,383; 4 beds, 3.5 baths, 4,363 sq ft
- 133 Old Stonehouse Road S, Carlisle, PA 17015: Listed at $1,480,570; 4,504,104 sq ft lot
- 176 N Loop Road, Mechanicsburg, PA 17055: Listed at $696,081; 4 beds, 2.5 baths, 3,610 sq ft
Neighborhood Overview:
- School District: Cumberland Valley School District
- Nearby Schools:
- Monroe Elementary School
- Eagle View Middle School
- Cumberland Valley High School
- Community Features: Monroe Estates subdivision; no Homeowners Association
Property Tax Information:
- 2025: $4,169
- 2024: $3,958
- 2023: $3,610
Utilities:
- Well water
- Public sewer
- 200+ Amp electric service
Investment Considerations
Appreciation Trends:
- The property has experienced a 7% increase in value since the last sale in August 2023, indicating a positive appreciation trend.
Rental Potential:
- Estimated monthly rent: $2,676
- Estimated rent Zestimate: $2,402
Market Dynamics:
- The Mechanicsburg area has a mix of residential properties with varying sizes and price points, suggesting a diverse market with opportunities for both buyers and renters.
Competitive Landscape:
- Properties in the vicinity range from smaller homes to larger estates, providing a broad spectrum of options for potential buyers and renters.
Strategic Opportunities:
- The property's recent updates and desirable features position it well for both sale and rental markets.
- The lack of a Homeowners Association offers flexibility for potential buyers.
