NOT LISTED FOR SALE

Estimated Value: $195,595

-- Bed
-- Bath
4,104 Sq Ft
$48/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $105,000 $26 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,513/month

32 Days on Market

About This Home

As of October 2016

Here is Your Opportunity to Join in the Downtown Allentown Resurgence! This 3 Unit Building Needs Some Updating & is Ready for New Ownership! Property Consists of 1st Floor Store Front Currently Occupied; 1st Level Rear Office with Open Space & Bathrooms; & 2nd/3rd Floor Apartment or Office Space Rental! Rents & Expenses are Projected! Gas Heating! Off-Street Parking for 6 Cars! Total Taxes Only $4649/Year! Only 3 Blocks from PP&L Arena! Many Possibilities! Call Today to Schedule Your Showing!

Last Agent to Sell the Property

Christopher Raad

Harvey Z Raad Real Estate Listed on: 07/26/2016

Co-Listed By

George Raad

Harvey Z Raad Real Estate

Last Buyer's Agent

Larry Ginsburg

BHHS Regency Real Estate

BHHS Regency Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1900

Lot Details

  • 4,269 Sq Ft Lot

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick or Stone Veneer

Interior Spaces

  • 4,104 Sq Ft Home
  • 3-Story Property

Parking

  • 5 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549689631283001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,600
  • Trash Expense $1,125
  • Water Sewer Expense $600
  • Operating Expense $7,974
  • Gross Income $28,800
  • Net Operating Income $20,826

Townhouse Details

Home Type

Townhome

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Row-End Unit, Mixed Use
  • County Assessment: 161900.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Square Footage: 4104

Exterior Features

  • Construction: Brick, Brickote

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 5

Utilities

  • Cooling: Wall AC
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 1600
  • Trash Removal: 1125
  • Water Sewer: 600

Fee Information

  • Operating Expense: 7974

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.098
  • Lot Dimensions: 27.83 X 157.6 IRR
  • Lot Sq Ft: 4269
  • Zoning Code: B2

Tax Info

  • Assessor Parcel Number: 549689631283001
  • County Taxes: 595.79
  • Municipal Taxes: 1085.95
  • Total Taxes: 4649.16
  • Taxes: 4649

Multi Family

  • School Taxes: 2967.42
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2016
Closed on
Oct 21, 2016
Sold by
Nacci Francis D and Nacci Frank D
Bought by
Edwards Shelby
Seller's Agent
Christopher Raad
Harvey Z Raad Real Estate
Buyer's Agent
Larry Ginsburg
BHHS Regency Real Estate
List Price
$149,900
Sold Price
$105,000
Premium/Discount to List
-$44,900
-29.95%
Current Estimated Value
$195,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,595
Avg. Annual Appreciation
7.06%

Purchase Details

Closed on
Jan 12, 1999
Sold by
Grovatt William R and Nacci Francis D
Bought by
Nacci Francis D

Purchase Details

Closed on
Dec 31, 1985
Sold by
Henry Lehr S Inc
Bought by
Grovatt William R and Nacci Francis D
Source: Public Records

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
Edwards Shelby $105,000 None Available
Nacci Francis D $49,005 --
Grovatt William R $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Shelby $190,000
Closed Edwards Shelby $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $105,000 -30.0% $26 / Sq Ft
08/27/2016 08/27/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $149,900 -- $37 / 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 $5,648 $161,900 $34,000 $127,900
2024 $5,648 $161,900 $34,000 $127,900
2023 $5,648 $161,900 $34,000 $127,900
2022 $5,463 $161,900 $127,900 $34,000
2021 $5,362 $161,900 $34,000 $127,900
2020 $5,232 $161,900 $34,000 $127,900
2019 $5,153 $161,900 $34,000 $127,900
2018 $4,755 $161,900 $34,000 $127,900
2017 $4,643 $161,900 $34,000 $127,900
2016 -- $161,900 $34,000 $127,900
2015 -- $161,900 $34,000 $127,900
2014 -- $161,900 $34,000 $127,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 526544

Greater Lehigh Valley REALTORS®

APN: 549689631283-1