NOT LISTED FOR SALE

121 S Main St Unit 123 Alburtis, PA 18011

Lower Macungie Township West Neighborhood

Estimated Value: $399,000 - $573,000

11 Beds
6.5 Baths
4,256 Sq Ft
$110/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $490,000 $115 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,287/month

16 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Ceiling Fan
  • Emmaus High School Rated A-
  • Patio
  • 4-minute walk to Alburtis kids park

About This Home

As of October 2022

REDUCED 7-unit DEVELOPEMENT PROJECT with a projected Gross $121,200 & NET $90,700. All permits, zoning requirements, designs, and plans are 100% approved for immediate development. The property is located on the main street of Alburtis, which resembles Pleasantville, and has a steady growth of great tenants looking for a quiet place to live. The "after repair value" for sale is 1.15MM. The main structure is approved for 5 residential units plus 1 commercial and has an additional 7th unit carriage house in the rear. Sellers have completed some serious work and have decided to focus on another project. Sellers have too many other projects going on. So, their loss is your Gain. The design includes large open floorplans and unique architectural designs [SEE ATTACHED FLOOR PLANS AND RENDERINGS].

Last Agent to Sell the Property

james reardon

EXP Realty LLC Listed on: 08/24/2022

EXP Realty LLC

Last Buyer's Agent

Jeff Vivian

Spectrum Real Estate Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,365

Year Built

  • Built in 1878

Lot Details

  • 0.28 Acre Lot
  • Historic Home
  • Property is zoned C-1-COMMERCIAL

Home Design

  • Frame Construction
  • Stone

Interior Spaces

  • 4,256 Sq Ft Home
  • 2.5-Story Property
  • Ceiling Fan
  • Wood Flooring

Bedrooms and Bathrooms

  • 11 Bedrooms

Parking

  • 8 Parking Spaces
  • Unpaved Parking
  • Off-Site Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 546356336441001

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,365

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Detached
  • County Assessment: 269900.00
  • Stories: 2.5
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1878
  • Special Features: None

Interior Features

  • Features: Balcony, Hardwood, Historic, Patio
  • Bathrooms: Modern
  • Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bedrooms: 11
  • Square Footage: 4256

Exterior Features

  • Construction: Frame, Stone

Garage/Parking

  • Parking: Off Site, Unpaved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: Ceiling Fan, Wall AC
  • Heat Type: Baseboard
  • Sewer: Public
  • Water: Public
  • Insurance: 2500

Condo/Co-op/Association

  • Maintenance Repair: 5000
  • Management: 8000

Fee Information

  • Operating Expense: 30500

Schools

  • School District: East Penn

Lot Info

  • Acres: 0.285
  • Lot Sq Ft: 12401
  • Zoning Code: C-1-COMMERCIAL

Rental Info

  • Other Expenses: 5000

Tax Info

  • Assessor Parcel Number: 546356336441001
  • County Taxes: 1020.22
  • Municipal Taxes: 1033.72
  • Total Taxes: 7364.76

Multi Family

  • School Taxes: 5310.82
  • Total Units: 7
  • Total Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Oct 24, 2022
Sold by
Brr Holding Group I Ltd
Bought by
410 Enterprises Llc
Seller's Agent
james reardon
EXP Realty LLC
Buyer's Agent
Jeff Vivian
Spectrum Real Estate Inc
List Price
$585,000
Sold Price
$490,000
Premium/Discount to List
-$95,000
-16.24%
Total Days on Market
16
Current Estimated Value
$470,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,915
Avg. Annual Appreciation
-1.56%
Original Mortgage
$752,000
Outstanding Balance
$727,054
Interest Rate
6.02%
Mortgage Type
Construction
Estimated Equity
-$256,969

Purchase Details

Closed on
Aug 25, 2021
Sold by
Jmr Enterprises Llc
Bought by
Brr Holding Group I Ltd

Purchase Details

Closed on
Jan 6, 2017
Sold by
Mccormack Margaret I
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
$200,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 1989
Sold by
Bortz Richard and Bortz Phyllis J
Bought by
Donovan Paul and Donovan Teri A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
410 Enterprises Llc $490,000 --
Brr Holding Group I Ltd $390,000 Camelot Abstract Inc
Jmr Enterprises Llc $200,000 None Available
Donovan Paul $162,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 410 Enterprises Llc $150,000
Open 410 Enterprises Llc $250,000
Open 410 Enterprises Llc $752,000
Previous Owner Jmr Enterprises Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $490,000 -10.7% $115 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
09/02/2022 09/02/22 Price Changed $549,000 -6.2% $129 / Sq Ft
08/24/2022 08/24/22 For Sale $585,000 -- $137 / 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 $7,924 $269,900 $35,200 $234,700
2024 $7,722 $269,900 $35,200 $234,700
2023 $7,365 $269,900 $35,200 $234,700
2022 $7,210 $269,900 $234,700 $35,200
2021 $7,074 $269,900 $35,200 $234,700
2020 $7,015 $269,900 $35,200 $234,700
2019 $6,977 $269,900 $35,200 $234,700
2018 $6,897 $269,900 $35,200 $234,700
2017 $6,793 $269,900 $35,200 $234,700
2016 -- $269,900 $35,200 $234,700
2015 -- $269,900 $35,200 $234,700
2014 -- $269,900 $35,200 $234,700
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2022

    james reardon

    EXP Realty LLC

    (484) 866-2495

    Section Image
  • Jeff Vivian

    Buyer's Agent in 2022

    Jeff Vivian

    Spectrum Real Estate Inc

    (484) 686-3161

    1 in this area

    64 Total Sales

    Jeff Vivian
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 699269

Greater Lehigh Valley REALTORS®

APN: 546356336441-1

Pennsylvania Lehigh County Alburtis 18011 Lower Macungie Township West

121 S Main St Unit 123, Alburtis, PA

This home is located at 121 S Main St Unit 123, Alburtis, PA 18011 since 24 August 2022 and is currently estimated at $470,085, approximately $110 per square foot. This property was built in 1878. 121 S Main St Unit 123 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.

Nearby Homes