NOT LISTED FOR SALE

Estimated Value: $348,000 - $380,785

10 Beds
4 Baths
3,580 Sq Ft
$103/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $360,000 $101 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,587/month

14 Days on Market

Highlights

  • Balcony
  • Ceiling Fan
  • 3 Car Garage
  • Patio
  • Baseboard Heating

About This Home

As of February 2024

2 houses each with 5 bedrooms and 1-1/2 baths, 1039 and 1041 Main St, which is both sides of the twin. Both houses have been updated with new flooring, windows, exterior doors, kitchens with quiet close cabinets, granite or quartz countertops and stainless steel appliances. Both houses have spacious living rooms and dining rooms, large eat in kitchens and a powder room on the first floor. The second floor offers 3 bedrooms and a full bathroom and the third floor has 2 additional bedrooms. The homes have kept their original character with much of the beautiful wood trim and pocket doors in addition to first and second floor covered decks. Out back you will find a great yard with a 2 car garage and a parking pad for additional off street parking. Both units have very large basements with exterior exits. This is a perfect property for the owner to live in one house and rent or have your family members in the second house. Investors can have the benefit of 2 updated houses next to each other. All Utilities Are Separate.

Last Listed By

Joe Kochan

Joseph T Kochan Realtors Listed on: 01/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,962

Year Built

  • Built in 1890

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Dimensions are 40 x 150

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,580 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 10 Bedrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 556212127185001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,500
  • Gross Income $3,300
  • Net Operating Income $32,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,962

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Both Halves, Duplex/Both Halves
  • Technology: Smk Detector Battery
  • County Assessment: 171100.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Balcony, Patio
  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bedrooms: 10
  • Square Footage: 3580

Exterior Features

  • Construction: Aluminum

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 3

Utilities

  • Cooling: Ceiling Fans
  • Heat Type: Baseboard, Electric, Hot Water, Oil
  • Sewer: Public
  • Water: Public
  • Insurance: 1500

Schools

  • School District: Northern Lehigh

Lot Info

  • Acres: 0.138
  • Lot Dimensions: 40 X 150
  • Lot Sq Ft: 5998
  • Zoning Code: Tr-Town Residential

Tax Info

  • Assessor Parcel Number: 556212127185001
  • County Taxes: 646.76
  • Municipal Taxes: 1060.82
  • Total Taxes: 5961.98

Multi Family

  • School Taxes: 4254.40
  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Northern Lehigh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 20, 2024
Sold by
Olewine Martin D and Olewine Renee
Bought by
Paulino Angelina Altagracia V and Rodriguez Edwin D
Seller's Agent
Joe Kochan
Joseph T Kochan Realtors
Buyer's Agent
Kelvin Diaz
Allentown City Realty
List Price
$348,900
Sold Price
$360,000
Premium/Discount to List
$11,100
3.18%
Total Days on Market
14
Views
8
Current Estimated Value
$369,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,696
Avg. Annual Appreciation
2.20%
Original Mortgage
$342,000
Outstanding Balance
$337,925
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$31,771

Purchase Details

Closed on
Feb 2, 2023
Sold by
Olewine Joanne M
Bought by
Olewine Martin D and Jabbour-Olewine Renee

Purchase Details

Closed on
Feb 17, 1989
Sold by
Howey Ronald G
Bought by
Olewine Donald R and Olewine Joanne M

Purchase Details

Closed on
Aug 22, 1986
Sold by
Howey Arthur and Howey Iva A
Bought by
Howey Ronald G

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paulino Angelina Altagracia V $360,000 None Listed On Document
Olewine Martin D -- --
Olewine Donald R $85,500 --
Howey Ronald G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paulino Angelina Altagracia V $342,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $360,000 +3.2% $101 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $348,900 -- $97 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,460 $171,100 $18,100 $153,000
2024 $6,185 $171,100 $18,100 $153,000
2023 $5,826 $171,100 $18,100 $153,000
2022 $5,739 $171,100 $153,000 $18,100
2021 $5,565 $171,100 $18,100 $153,000
2020 $5,406 $171,100 $18,100 $153,000
2019 $5,287 $171,100 $18,100 $153,000
2018 $5,181 $171,100 $18,100 $153,000
2017 $5,160 $171,100 $18,100 $153,000
2016 -- $171,100 $18,100 $153,000
2015 -- $171,100 $18,100 $153,000
2014 -- $171,100 $18,100 $153,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 729977

Greater Lehigh Valley REALTORS®

APN: 556212127185-1