NOT LISTED FOR SALE

116 S Main St Alburtis, PA 18011

Lower Macungie Township West Neighborhood

Estimated Value: $597,158

7 Beds
4 Baths
2,592 Sq Ft
$230/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $500,000 $193 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,008/month

149 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Emmaus High School Rated A-
  • 4-minute walk to Alburtis kids park

About This Home

As of January 2023

This versatile investment property includes 4 nice apartments and the profitable Tavern Pizza shop. The apartments are comfortable and modern, with tenants that love it there. Air conditioning is a big plus and everyone has their own entrance. Parking is off and on street, no grass to mow, small town atmosphere, plenty of shopping, medical facilities and entertainments in nearby Macungie and Trexlertown. No same day showings as tenants need adequate notice.THIS PROPERTY HAS HAD A HOME INSPECTION AND BANK APPRAISAL DONE BY PREVIOUS BUYER. ALL READY TO GO.

Last Agent to Sell the Property

Will Nesbitt

Better Homes&Gardens RE Valley Listed on: 04/04/2022

Better Homes&Gardens RE Valley

Co-Listed By

Thomas Huzela

Better Homes&Gardens RE Valley

Last Buyer's Agent

Will Nesbitt

Better Homes&Gardens RE Valley Listed on: 04/04/2022

Better Homes&Gardens RE Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,640

Year Built

  • Built in 1864

Lot Details

  • 5,327 Sq Ft Lot

Home Design

  • Duplex
  • Converted Dwelling
  • Mixed Use
  • Brick Exterior Construction
  • Stucco Exterior

Interior Spaces

  • 2,592 Sq Ft Home
  • 2.5-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 546356125449001

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $500
  • Insurance Expense $1,800
  • Maintenance Expense $4,000
  • Manager Expense $1
  • Other Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $12,660
  • Gross Income $67,320
  • Net Operating Income $54,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,640

Year Built

Built in 1864

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Both Halves, Converted, Mixed Use
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 133400.00
  • Stories: 2.5
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1864
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 7
  • Square Footage: 2592

Exterior Features

  • Construction: Brick, Stucco

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 4

Utilities

  • Cooling: Central AC
  • Heat Type: Forced Air, Heat Pump
  • Sewer: Public
  • Water: Public
  • Electric: 500
  • Gas: 1
  • Heat: 1
  • Insurance: 1800
  • Trash Removal: 1
  • Water Sewer: 1

Condo/Co-op/Association

  • Lawn Snow Removal: 1
  • Maintenance Repair: 4000
  • Management: 1

Fee Information

  • Operating Expense: 12660

Schools

  • School District: East Penn

Lot Info

  • Acres: 0.122
  • Lot Sq Ft: 5327
  • Zoning Code: C-1-COMMERCIAL

Rental Info

  • Other Expenses: 1

Tax Info

  • Assessor Parcel Number: 546356125449001
  • County Taxes: 504.25
  • Municipal Taxes: 510.92
  • Total Taxes: 3640.08

Multi Family

  • School Taxes: 2624.91
  • Total Units: 5
  • Total Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jan 13, 2023
Sold by
116 S Main Llc
Bought by
Alburtis Apts On Main Llc
Seller's Agent
Will Nesbitt
Better Homes&Gardens RE Valley
Buyer's Agent
Will Nesbitt
Better Homes&Gardens RE Valley
List Price
$599,900
Sold Price
$500,000
Premium/Discount to List
-$99,900
-16.65%
Views
26
Current Estimated Value
$597,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,158
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Jmr Enterprises Llc
Bought by
Starbird Llc

Purchase Details

Closed on
Sep 22, 2015
Sold by
Shade Kenneth L
Bought by
Jmr Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 25, 2015
Sold by
Hartley Jeffrey B and Hartley Tracey J
Bought by
Jmr Properties Llc
Seller's Agent
Craig Liles
Iron Valley Real Estate of Lehigh Valley
Buyer's Agent
Ted Van Wert
Iron Valley Real Estate of Lehigh Valley
List Price
$134,900
Sold Price
$125,000
Premium/Discount to List
-$9,900
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.57%
Original Mortgage
$125,000
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 14, 2005
Sold by
Hartley Jeffrey B
Bought by
Hartley Jeffrey B and Hartley Tracey J

Purchase Details

Closed on
Mar 1, 1985
Sold by
Rohrbach Bryan M and Rohrbach Mabel
Bought by
Shade Ii Kenneth L
Source: Public Records

Range of Values:

Collateral Analytics

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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
Alburtis Apts On Main Llc $500,000 Penn Title
Starbird Llc $130,997 None Available
116 S Main Llc $140,067 None Available
Jmr Enterprises Llc -- None Available
Jmr Enterprises Llc $100,000 None Available
Jmr Properties Llc $125,000 None Available
Hartley Jeffrey B -- None Available
Shade Ii Kenneth L $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 116 S Main Llc $400,000
Previous Owner Jmr Enterprises Llc $487,000
Previous Owner Jmr Enterprises Llc $80,000
Previous Owner Jmr Enterprises Llc $125,000
Previous Owner Jmr Properties Llc $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $500,000 -16.7% $193 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $599,900 0.0% $231 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $599,900 0.0% $231 / Sq Ft
10/29/2018 10/29/18 Rented $995 0.0% --
10/03/2018 10/03/18 For Rent $995 0.0% --
10/04/2017 10/04/17 Rented $995 0.0% --
10/03/2017 10/03/17 Under Contract -- -- --
09/20/2017 09/20/17 For Rent $995 0.0% --
06/29/2015 06/29/15 Sold $125,000 0.0% $67 / Sq Ft
04/20/2015 04/20/15 Off Market $125,000 -- --
04/07/2015 04/07/15 For Sale $134,900 -- $72 / 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 $9,348 $318,400 $18,400 $300,000
2024 $9,109 $318,400 $18,400 $300,000
2023 $8,688 $318,400 $18,400 $300,000
2022 $3,564 $133,400 $114,900 $18,500
2021 $3,497 $133,400 $18,500 $114,900
2020 $3,467 $133,400 $18,500 $114,900
2019 $3,449 $133,400 $18,500 $114,900
2018 $3,409 $133,400 $18,500 $114,900
2017 $3,357 $133,400 $18,500 $114,900
2016 -- $138,700 $23,800 $114,900
2015 -- $146,200 $23,800 $122,400
2014 -- $146,200 $23,800 $122,400
Source: Public Records

Agents Affiliated with this Home

  • Will Nesbitt

    Seller's Agent in 2023

    Will Nesbitt

    Better Homes&Gardens RE Valley

    (610) 972-4205

    4 in this area

    44 Total Sales

    Will Nesbitt
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Thomas Huzela

    Better Homes&Gardens RE Valley

    (610) 390-1433

    9 in this area

    206 Total Sales

    Thomas Huzela
    Section Image

  • T

    Seller's Agent in 2018

    Theodore VanWert

    IronValley RE of Lehigh Valley

    (484) 239-7060

    7 in this area

    30 Total Sales

    Theodore VanWert
    Section Image

  • C

    Buyer's Agent in 2017

    Cassandra Bray

    One Valley Realty LLC

    (610) 432-7175

    3 in this area

    70 Total Sales

    Cassandra Bray
    Section Image
  • Craig Liles

    Seller's Agent in 2015

    Craig Liles

    Iron Valley Real Estate of Lehigh Valley

    (484) 903-1069

    2 in this area

    197 Total Sales

    Craig Liles
    Section Image
  • Ted Van Wert

    Buyer's Agent in 2015

    Ted Van Wert

    Iron Valley Real Estate of Lehigh Valley

    (610) 398-0411

    1 in this area

    12 Total Sales

    Ted Van Wert
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 690444

Greater Lehigh Valley REALTORS®

APN: 546356125449-1

Pennsylvania Lehigh County Alburtis 18011 Lower Macungie Township West

116 S Main St, Alburtis, PA

This home is located at 116 S Main St, Alburtis, PA 18011 since 04 April 2022 and is currently estimated at $597,158, approximately $230 per square foot. This property was built in 1864. 116 S Main St is a home located in Lehigh County with nearby schools including Alburtis Elementary School, Lower Macungie Middle School, and Emmaus High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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