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336 7th Street N
Lebanon, PA 17046
$617,000
Conventional
Property
Bedroom
16
Bathroom
5
Property Type
Conventional
Square ft
16192
Property Description
Historic church MLS# PALN2011786 which contains 3 huge floors with over 16 rooms containing original stained glass etched with the names of the church's founders. This church is still currently still providing mass, could be a turn-key new church for a new congregation. Current pastor is retiring from many years of loving this church and his community. The current pastor has kept and maintained the properties up until this point with the help of his friends, family and congregation. There are many other possibilities and uses for the church and town-home including apartments and rentals. Zoning of Residential High Density should make it easier to acquire a loan. On-Street parking only. View this property to be amazed at its renovation potential! Large open basement can be finished to create much more space and an additional kitchen area plus more. The church has two worship rooms both with pews. The town-home at 334 N 7th Street ($200,000) is included on the parcel and must be sold as a package with the church. This town-home has huge ceiling height and large open rooms. 3 floors with an unfinished basement. Large door ways and wonderful wood floors lead to a nice open kitchen and open outside breeze way between both buildings creating a nice private space for family and friends. Second floor of the town-home has large bedrooms a nice tiled bathroom and steps to a finished attic space for a spare bedroom or game room. This was the pastor's home alongside the church and the pastor has since moved down the street. Great front porch and located across from the football field. Wonderful investment!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1895
MLS Number
PALN2011938
Location
Address
336 7TH STREET N
City
LEBANON
State
PA
Zip Code
17046
County
LEBANON
Listing
Provider
Iron Valley Real Estate, original listing
Name
Iron Valley Real Estate
Phone
(717) 769-2986
Office Name
Iron Valley Real Estate
Office Phone
(717) 769-2986
Agent Name
Joshua Johnson

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.