NOT LISTED FOR SALE

Estimated Value: $363,768

7 Beds
11 Baths
7,568 Sq Ft
$48/Sq Ft Est. Value

Last Sold June 10, 2016

Last sale price $211,000 $28 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,355/month

78 Days on Market

Highlights

  • 0.23 Acre Lot
  • Central Air
  • Heating System Uses Gas
  • Commercial or Retail Space
  • Ceiling Fan

About This Home

As of June 2016

Back on Market The Old Brass Rail Building. The Property consist of 7568 sq. ft. Building had been gutted and renovations were being done on the building. The East Side of the building contains 6 residential 1 bedroom units, with fire escape system. The West Side Commercial space consists of 4 individual spaces that can be rented separately or together. Second floor of 1137 is a commercial space with separate entrance and bathrooms. The third floor of 1137 could be used as an additional residential apartment. The building has had recent updates such as new electric and sprinkler system. The roof has been updated as well as the HVAC systems. There is a new deck on the second level. The first floor has all new floor joists but is an open shell currently and is ready to be finished. Some space is complete and other is waiting for your finishing touches to complete. Huge parking area! Great opportunity to own a piece of history in the heart of Allentown.

Last Agent to Sell the Property

Loren Keim

CENTURY 21 Keim Realtors Listed on: 01/27/2016

CENTURY 21 Keim Realtors

Last Buyer's Agent

Michelle Miller

CENTURY 21 Keim Realtors

CENTURY 21 Keim Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,193 Sq Ft Lot
  • Lot Dimensions are 49.66x205

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 7,568 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Fire Escape

Bedrooms and Bathrooms

  • 7 Bedrooms

Parking

  • 20 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • 8 Units
  • Gross Income $82,200

Listing and Financial Details

  • Assessor Parcel Number 549689451246 0001

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 470500.00
  • Stories: 3.0
  • Street Number Modifier: 1137
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: 20

Interior Features

  • Features: Fire Escape
  • Bathrooms: Semi Modern
  • Bathrooms: 11
  • Full Bathrooms: 7
  • Half Bathrooms: 4
  • Bedrooms: 7
  • Square Footage: 7568

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 20

Utilities

  • Cooling: Ceiling Fan, Central AC
  • Heat Type: Electric, Gas
  • Sewer: Public
  • Water: Public

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.234
  • Lot Dimensions: 49.66x205
  • Lot Sq Ft: 10193
  • Zoning Code: B-2

Tax Info

  • Assessor Parcel Number: 549689451246 0001
  • County Taxes: 1783.20
  • Municipal Taxes: 2740.68
  • Total Taxes: 12670.00

Multi Family

  • School Taxes: 8147.18
  • Total Units: 8
  • Total Unit Count: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2016
Closed on
Jun 9, 2016
Sold by
Coba Inc
Bought by
Jado Realty Group Llc
Seller's Agent
Loren Keim
CENTURY 21 Keim Realtors
Buyer's Agent
Michelle Miller
CENTURY 21 Keim Realtors
List Price
$299,900
Sold Price
$211,000
Premium/Discount to List
-$88,900
-29.64%
Current Estimated Value
$363,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,768

Purchase Details

Closed on
Jul 9, 2015
Sold by
Yildirim Omer
Bought by
Coba Inc

Purchase Details

Closed on
Apr 25, 2005
Sold by
Hamilton Development Group Llc
Bought by
Yildirim Omer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 1990
Bought by
Sorrentino Philip N Trust
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
Jado Realty Group Llc $211,000 None Available
Coba Inc $1,251 Attorney
Yildirim Omer $300,000 --
Sorrentino Philip N Trust -- --
Sorrentino Philip -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yildirim Omer $615,000
Previous Owner Yildirim Omer $510,000
Previous Owner Yildirim Omer $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2016 06/10/16 Sold $211,000 -29.6% $28 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $299,900 -- $40 / 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 $28,175 $867,200 $73,300 $793,900
2024 $28,175 $867,200 $73,300 $793,900
2023 $13,462 $390,700 $73,300 $317,400
2022 $13,017 $390,700 $317,400 $73,300
2021 $12,772 $390,700 $73,300 $317,400
2020 $12,459 $390,700 $73,300 $317,400
2019 $12,269 $390,700 $73,300 $317,400
2018 $11,344 $390,700 $73,300 $317,400
2017 $13,106 $470,500 $73,300 $397,200
2016 -- $470,500 $73,300 $397,200
2015 -- $470,500 $73,300 $397,200
2014 -- $470,500 $73,300 $397,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 510982

Greater Lehigh Valley REALTORS®

APN: 549689451246-1