NOT LISTED FOR SALE

Estimated Value: $373,000 - $469,000

8 Beds
4 Baths
3,024 Sq Ft
$140/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $280,000 $93 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,401/month

244 Days on Market

About This Home

As of July 2020

ATTENTION INVESTORS! FOUR UNIT Investment Property with remodeled TWO Bedroom/ONE Bath Units yielding almost a 10% CAP Rate. Tenants pay all gas and electric utilities and all units are metered separate. Property is conveniently located to the Casino, shopping, restaurants and all major highways. Make this incoming producing property part of your portfolio today! (additional photos to come)

Last Listed By

Kristine McCreary-Williams

Full CircleRealty&PropertyMgmt Listed on: 08/08/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1900

Lot Details

  • 3,049

Home Design

  • 3,024 Sq Ft Home
  • Converted Dwelling
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number P6SE2B 7 41 0204

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Manager Expense $2,800
  • Trash Expense $800
  • Water Sewer Expense $1,000
  • Operating Expense $6,800
  • Gross Income $40,800
  • Net Operating Income $34,500

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,262

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted
  • County Assessment: 36900.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 8
  • Square Footage: 3024

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 1200
  • Trash Removal: 800
  • Water Sewer: 1000

Condo/Co-op/Association

  • Maintenance Repair: 1000
  • Management: 2800

Fee Information

  • Operating Expense: 6800

Schools

  • School District: Bethlehem

Lot Info

  • Zoning Code: PA095

Tax Info

  • Assessor Parcel Number: P6SE2B 7 41 0204
  • County Taxes: 398.52
  • Municipal Taxes: 706.27
  • Total Taxes: 3261.60

Multi Family

  • School Taxes: 2156.81
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2019
Closed on
Jul 15, 2020
Sold by
1113 East 4Th Street Property Llc
Bought by
Dodic Sulejman and Dodic Hava
Seller's Agent
Kristine McCreary-Williams
Full CircleRealty&PropertyMgmt
Buyer's Agent
Rennard Clayton
Coldwell Banker Hearthside
List Price
$320,000
Sold Price
$280,000
Premium/Discount to List
-$40,000
-12.5%
Total Days on Market
244
Current Estimated Value
$423,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,105
Avg. Annual Appreciation
8.87%
Original Mortgage
$210,000
Outstanding Balance
$188,276
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$234,829

Purchase Details

Closed on
Jan 3, 2018
Sold by
Glaser Daniel Jay and Glaser Frank B
Bought by
1113 East 4Th Street Property Llc

Purchase Details

Closed on
Feb 17, 2010
Sold by
Glaser Daniel Jay
Bought by
Glaser Daniel Jay and Glaser Frank B

Purchase Details

Closed on
Jun 8, 2005
Sold by
Hewitt Robert J
Bought by
Mirante Ryan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,325
Interest Rate
5.78%
Mortgage Type
Commercial

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
Dodic Sulejman $280,000 Hamilton Abstract Co
1113 East 4Th Street Property Llc $277,000 Abe Settlement Services Llc
Glaser Daniel Jay -- None Available
Mirante Ryan T $154,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dodic Sulejman $210,000
Previous Owner Glaser Daniel Jay $236,861
Previous Owner Mirante Ryan T $131,325
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $280,000 -9.4% $93 / Sq Ft
04/08/2020 04/08/20 Pending -- -- --
03/25/2020 03/25/20 Price Changed $309,000 -3.4% $102 / Sq Ft
02/24/2020 02/24/20 For Sale $320,000 0.0% $106 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $320,000 0.0% $106 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
01/03/2020 01/03/20 Price Changed $320,000 -5.9% $106 / Sq Ft
12/05/2019 12/05/19 Price Changed $340,000 -1.4% $112 / Sq Ft
09/15/2019 09/15/19 Price Changed $345,000 -5.5% $114 / Sq Ft
08/08/2019 08/08/19 For Sale $365,000 +31.8% $121 / Sq Ft
01/04/2019 01/04/19 Sold $277,000 -4.2% $92 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
11/28/2018 11/28/18 For Sale $289,000 0.0% $96 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $289,000 -- $96 / 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 $399 $36,900 $6,100 $30,800
2024 $3,262 $36,900 $6,100 $30,800
2023 $3,262 $36,900 $6,100 $30,800
2022 $3,236 $36,900 $6,100 $30,800
2021 $3,214 $36,900 $6,100 $30,800
2020 $3,184 $36,900 $6,100 $30,800
2019 $3,173 $36,900 $6,100 $30,800
2018 $3,096 $36,900 $6,100 $30,800
2017 $3,059 $36,900 $6,100 $30,800
2016 -- $36,900 $6,100 $30,800
2015 -- $36,900 $6,100 $30,800
2014 -- $36,900 $6,100 $30,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 619512

Greater Lehigh Valley REALTORS®

APN: P6SE2B-7-41-0204