NOT LISTED FOR SALE

117 N Penn St Allentown, PA 18102

Center City Neighborhood

Estimated Value: $175,000 - $234,000

5 Beds
2 Baths
1,200 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $230,000 $192 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $1,219/month

About This Home

Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze. Tenants handle all other utilities, further enhancing your return. Situated in a prime location in Allentown, this property offers tremendous rental potential. Don't miss out on this golden opportunity to secure a lucrative investment with a strong cap rate for this area. Act now and make this income-generating asset yours today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2020
Sold by
Reppert Greg
Bought by
Feliz Caonabo
Current Estimated Value
$200,027

Purchase Details

Closed on
Mar 21, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Reppert Greg

Purchase Details

Closed on
Mar 1, 2011
Sold by
Rossi Sheriff Ronald W and Drangel Barry
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
May 2, 2005
Sold by
Bromberg Ronald and Cameron Charles
Bought by
Drangel Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,900
Interest Rate
6.01%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 1, 2003
Sold by
Smith Christopher S and Smith Cynthia M
Bought by
Lewis Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2000
Sold by
Fantauzzi Buennatura
Bought by
New Cen Home Equity Loan Trust

Purchase Details

Closed on
Sep 29, 1998
Sold by
Lewis David
Bought by
Fantauzzi Buenatura

Purchase Details

Closed on
May 20, 1998
Sold by
Balf Sandra
Bought by
Lewis David

Purchase Details

Closed on
May 19, 1998
Sold by
Federal National Mortgage Association
Bought by
Balf Sandra

Purchase Details

Closed on
Apr 14, 1998
Sold by
Feliciano Juan A and Feliciano Carmen R
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Feliz Caonabo $40,000 Apex Abstract
Reppert Greg $20,500 --
Federal Home Loan Mortgage Corporation -- --
Drangel Barry $50,000 --
Lewis Michele L $50,000 --
New Cen Home Equity Loan Trust -- --
Fantauzzi Buenatura $56,000 --
Lewis David $25,000 --
Balf Sandra $15,000 --
Federal National Mortgage Association $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drangel Barry $44,900
Previous Owner Lewis Michele L $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold $230,000 0.0% $192 / Sq Ft View Prior Sale
05/04/2024 05/04/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $230,000 0.0% $192 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $230,000 -- $192 / Sq Ft

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 $1,961 $61,300 $3,600 $57,700
2024 $1,961 $61,300 $3,600 $57,700
2023 $1,961 $61,300 $3,600 $57,700
2022 $1,892 $61,300 $57,700 $3,600
2021 $1,853 $61,300 $3,600 $57,700
2020 $1,804 $61,300 $3,600 $57,700
2019 $1,774 $61,300 $3,600 $57,700
2018 $1,660 $61,300 $3,600 $57,700
2017 $1,618 $61,300 $3,600 $57,700
2016 -- $61,300 $3,600 $57,700
2015 -- $61,300 $3,600 $57,700
2014 -- $61,300 $3,600 $57,700
Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2024

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    136 in this area

    401 Total Sales

    Jennifer de Jesus
    Section Image

  • M

    Buyer's Agent in 2024

    Marianita Velez

    Better Homes&Gardens RE Valley

    Section Image
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Map

Pennsylvania Lehigh County Allentown 18102 Center City

117 N Penn St, Allentown, PA

Not Listed for Sale

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