NOT LISTED FOR SALE

Estimated Value: $36,922 - $264,000

6 Beds
-- Bath
5,546 Sq Ft
$34/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $20,000 $4 Per Sq Ft

Est. 846% increase in value since last sale

Current estimated payment $1,067/month

250 Days on Market

About This Home

As of October 2015

Excellent investment opportunity in this 5500+ SQ. FT. multi unit building. Currently, the property is gutted and has been previously approved for 4 units consisting of 2-1BR and 2-2BR apartments. New plans will need to be approved by Walnutport borough. Recent improvements include all new windows and new roofing. Current market rents suggest potential income of $700/ month for the 1BR units and $850/ month for the 2BR units.There is also a 2 car carport in the rear. Other potential uses need to be approved by the Borough of Walnutport. This is an opportunity for the experienced, savvy investor looking to maximize the potential of a unique opportunity to produce fantastic returns upon completion. Schedule your showing today!!!

Last Listed By

Shane Keyser

CENTURY 21 Keim Realtors Listed on: 01/21/2015

CENTURY 21 Keim Realtors

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 4,859

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 5,546 Sq Ft Home
  • 2-Story Property

Additional Features

  • 4,859 Sq Ft Lot
  • No Cooling

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number J2SW1A 5 3 1033

Property Details

Home Type

Apartment

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, Mixed Use
  • County Assessment: 21500.00
  • Stories: 2.0
  • Street Number Modifier: 14
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Square Footage: 5546

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Sewer: Public
  • Water: Public

Schools

  • School District: Northern Lehigh

Lot Info

  • Acres: 0.112
  • Lot Sq Ft: 4859
  • Zoning Code: R-02

Tax Info

  • Assessor Parcel Number: J2SW1A 5 3 1033
  • County Taxes: 232.20
  • Municipal Taxes: 413.88
  • Total Taxes: 2125.32

Multi Family

  • School Taxes: 1479.24
  • Total Units: 4

MLS Schools

  • School District: Northern Lehigh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2015
Closed on
Oct 30, 2015
Sold by
Kurtz Michael
Bought by
Rorrer Louis E
Seller's Agent
Shane Keyser
CENTURY 21 Keim Realtors
Buyer's Agent
Eddie Rorrer
RE/MAX Central - Center Valley
List Price
$42,900
Sold Price
$20,000
Premium/Discount to List
-$22,900
-53.38%
Total Days on Market
250
Current Estimated Value
$189,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,231
Avg. Annual Appreciation
26.62%

Purchase Details

Closed on
Feb 4, 2015
Sold by
Pavelco Paul J
Bought by
Kurtz Michael

Purchase Details

Closed on
Sep 18, 2012
Sold by
Pavelco Fritzinger Paula J and Pavelco Andrea M
Bought by
Pavelco Paul J

Purchase Details

Closed on
Oct 30, 2009
Sold by
Pavelco Paul J
Bought by
Pavelco Paula J and Pavelco Andrea M

Range of Values:

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
Rorrer Louis E $20,000 Attorney
Kurtz Michael $4,104 None Available
Pavelco Paul J -- None Available
Pavelco Paula J -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $20,000 -53.4% $4 / Sq Ft
09/28/2015 09/28/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $42,900 -- $8 / 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 $220 $20,400 $11,600 $8,800
2024 $2,098 $20,400 $11,600 $8,800
2023 $2,017 $20,400 $11,600 $8,800
2022 $1,972 $20,400 $11,600 $8,800
2021 $1,969 $20,400 $11,600 $8,800
2020 $1,980 $20,400 $11,600 $8,800
2019 $1,927 $20,400 $11,600 $8,800
2018 $1,986 $21,500 $11,600 $9,900
2017 $2,014 $21,500 $11,600 $9,900
2016 -- $21,500 $11,600 $9,900
2015 -- $21,500 $11,600 $9,900
2014 -- $21,500 $11,600 $9,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 488191

Greater Lehigh Valley REALTORS®

APN: J2SW1A-5-3-1033