NOT LISTED FOR SALE

Estimated Value: $406,751

5 Beds
2.5 Baths
3,845 Sq Ft
$106/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $250,000 $65 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,504/month

118 Days on Market

Highlights

  • Fireplace
  • Wall to Wall Carpet
  • Heating Available
  • Central Air

About This Home

As of August 2021

LOCATION, LOCATION , LOCATION! Fully rented ! THIS is the investment property that you have been waiting for! This multi- unit consists of two fully occopied apartments and a modern eatery. The eatery has everything that you need to provide great service to your customers. The eatery is fully equiped with several commercial refrigerators, deep fryer and panini maker. The current business owner is able to allow customers to dine in or provide delivery to the local business district. This amazing building is in close proximity to the Neighborhood Improvement Zone. You can not go wrong with this investment. The building is located one block from the PPL and walking distance to all the downtown attractions. Make this your first stop on your next investment tour! Showings 1 pm - 6 pm Monday through Saturday .

Last Agent to Sell the Property

Felix Figueroa

BHHS Fox & Roach - Allentown Listed on: 01/13/2021

BHHS Fox & Roach - Allentown

Last Buyer's Agent

Felix Figueroa

BHHS Fox & Roach - Allentown Listed on: 01/13/2021

BHHS Fox & Roach - Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,329

Year Built

  • Built in 1880

Lot Details

  • 1,965 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,845 Sq Ft Home
  • Fireplace
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 549790752534001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $800
  • Operating Expense $6,129
  • Gross Income $27,600
  • Net Operating Income $21,471

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,329

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 142500.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1880
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fireplace, Wall-to-Wall Carpet
  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms: 5
  • Square Footage: 3845

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Central AC, Window AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 1000
  • Trash Removal: 500
  • Water Sewer: 800

Fee Information

  • Operating Expense: 6129

Lot Info

  • Acres: 0.045
  • Lot Sq Ft: 1965
  • Zoning Code: B-2-Central Business

Tax Info

  • Assessor Parcel Number: 549790752534001
  • County Taxes: 538.65
  • Municipal Taxes: 770.03
  • Total Taxes: 4329.07

Multi Family

  • School Taxes: 3020.39
  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Aug 20, 2021
Sold by
Agosto Julio and Agosto Elizabeth
Bought by
Syed Ali H
Seller's Agent
Felix Figueroa
BHHS Fox & Roach - Allentown
Buyer's Agent
Felix Figueroa
BHHS Fox & Roach - Allentown
List Price
$325,000
Sold Price
$250,000
Premium/Discount to List
-$75,000
-23.08%
Current Estimated Value
$406,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,751
Avg. Annual Appreciation
11.99%
Original Mortgage
$125,000
Outstanding Balance
$113,492
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$293,259

Purchase Details

Closed on
Jan 21, 1948
Bought by
Sechler William and Sechler Irene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Syed Ali H $250,000 First United Land Transfer I
Sechler William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syed Ali H $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $250,000 -16.7% $65 / Sq Ft
05/18/2021 05/18/21 Price Changed $300,000 -6.2% $78 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $319,900 -1.6% $83 / Sq Ft
01/13/2021 01/13/21 For Sale $325,000 -- $85 / 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 $4,384 $137,600 $7,100 $130,500
2024 $4,535 $142,500 $7,100 $135,400
2023 $4,535 $142,500 $7,100 $135,400
2022 $4,373 $142,500 $135,400 $7,100
2021 $4,284 $142,500 $7,100 $135,400
2020 $4,169 $142,500 $7,100 $135,400
2019 $4,100 $142,500 $7,100 $135,400
2018 $3,840 $142,500 $7,100 $135,400
2017 $3,741 $142,500 $7,100 $135,400
2016 -- $142,500 $7,100 $135,400
2015 -- $142,500 $7,100 $135,400
2014 -- $142,500 $7,100 $135,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 657569

Greater Lehigh Valley REALTORS®

APN: 549790752534-1