NOT LISTED FOR SALE

121 Chestnut St Coplay, PA 18037

Estimated Value: $319,332

-- Bed
-- Bath
3,718 Sq Ft
$86/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $220,000 $59 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,440/month

138 Days on Market

Highlights

  • Commercial or Retail Space
  • 1-Story Property
  • 4-minute walk to Coplay Pavillion

About This Home

As of March 2021

Edited: Brand New roof as of 10/11/2020! And Gas Heater serviced on 10/23/2020! Come and discover its potential to be your next level income source! Three commercial units on one deed. 121 Chestnut St: 1,750 SF. 123 Chestnut St: 850 SF with a long term pizzeria . 125 Chestnut St: 675 SF with a music studio. In the center of business district, casual family restaurant across street, Giant Grocery store on the corner, plus surrounded by residences which bring your business or your tenants customers! Some renovation is currently conducting to 121 Chestnut Street unit! Purchase it while it's in process of renovation, add your thoughts and it may save your time and funds on changing the interior after its completed! Seller is motivated! Call and schedule for showing!

Last Agent to Sell the Property

Chiafeng Chuang

HomeStarr Realty Listed on: 09/24/2020

HomeStarr Realty

Last Buyer's Agent

John Haik

BetterHomes&GardensRE/Cassidon

BetterHomes&GardensRE/Cassidon

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,320 Sq Ft Lot

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 3,718 Sq Ft Home
  • 1-Story Property

Parking

  • 15 Parking Spaces
  • Paved Parking
  • Off-Site Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 549946557280001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $4,300
  • Operating Expense $9,659
  • Gross Income $19,800
  • Net Operating Income $27,165

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 334800.00
  • Stories: 1.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1955
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Square Footage: 3718

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site, Paved Lot
  • Parking Spaces: 15

Utilities

  • Cooling: Wall AC
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 4300

Fee Information

  • Operating Expense: 9659

Schools

  • School District: Whitehall-Coplay

Lot Info

  • Acres: 0.191
  • Lot Sq Ft: 8320
  • Zoning Code: C-1-Commercial

Tax Info

  • Assessor Parcel Number: 549946557280001
  • County Taxes: 1265.54
  • Municipal Taxes: 2541.13
  • Total Taxes: 10128.03

Multi Family

  • School Taxes: 6321.36
  • Total Units: 3
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Mar 26, 2021
Sold by
Cheng Chun Lam and Cheng Xiu Min
Bought by
Haik John and Haik Doura
Seller's Agent
Chiafeng Chuang
HomeStarr Realty
Buyer's Agent
John Haik
BetterHomes&GardensRE/Cassidon
List Price
$385,000
Sold Price
$220,000
Premium/Discount to List
-$165,000
-42.86%
Current Estimated Value
$319,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,332
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
Dec 12, 2005
Sold by
Manganaro Anna M
Bought by
Cheng Chun Lam and Cao Xiu Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 1996
Sold by
Manganaro Ciro and Manganaro Anna M
Bought by
Manganaro Anna M

Purchase Details

Closed on
Aug 17, 1978
Bought by
Manganaro Ciro and Manganaro Anna M
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
Haik John $220,000 Liberty Abstract Company
Cheng Chun Lam $365,000 None Available
Manganaro Anna M -- --
Manganaro Ciro $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Chun Lam $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $220,000 -39.7% $59 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
11/17/2020 11/17/20 Price Changed $365,000 -5.2% $98 / Sq Ft
09/24/2020 09/24/20 For Sale $385,000 -- $104 / 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 $9,037 $259,600 $25,000 $234,600
2024 $8,794 $259,600 $25,000 $234,600
2023 $8,318 $259,600 $25,000 $234,600
2022 $8,156 $259,600 $234,600 $25,000
2021 $10,128 $334,800 $25,000 $309,800
2020 $9,387 $334,800 $25,000 $309,800
2019 $8,819 $334,800 $25,000 $309,800
2018 $8,411 $334,800 $25,000 $309,800
2017 $8,170 $334,800 $25,000 $309,800
2016 -- $334,800 $25,000 $309,800
2015 -- $334,800 $25,000 $309,800
2014 -- $334,800 $25,000 $309,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 652108

Greater Lehigh Valley REALTORS®

APN: 549946557280-1