NOT LISTED FOR SALE

122 S Main St Nazareth, PA 18064

Estimated Value: $311,946

2 Beds
3 Baths
2,996 Sq Ft
$104/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $225,000 $75 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,713/month

14 Days on Market

Highlights

  • Commercial or Retail Space
  • Forced Air Heating and Cooling System
  • 4-minute walk to Paul Kokolus Sr. Park
  • Floyd R. Shafer Elementary School Rated A-
  • Baseboard Heating

About This Home

As of March 2021

Great opportunity to own a great in-town commercial space with an apartment over top. Property is presently utilized as a therapy facility. Both the first floor commercial unit and 2nd floor apartment are on month-to-month leases. Parking on-site for 5 vehicles. Awesome downtown location. Don't miss the opportunity to own this one-of-a-kind property at an affordable price.

Last Agent to Sell the Property

David Lichtenwalner

BHHS - Choice Properties License #RM044521A Listed on: 12/02/2020

BHHS - Choice Properties

Last Buyer's Agent

Jane Gonzalez

BHHS Fox & Roach Bethlehem

BHHS Fox & Roach Bethlehem

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,447

Year Built

  • Built in 1850

Lot Details

  • 9,430 Sq Ft Lot

Home Design

  • Commercial or Retail Space
  • Converted Dwelling
  • Mixed Use
  • Shingle Siding
  • Stucco Exterior

Interior Spaces

  • 2,996 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Unpaved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number J7SE3A 8 9 0421

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,633
  • Insurance Expense $1,428
  • Trash Expense $720
  • Water Sewer Expense $1,654
  • Operating Expense $12,329
  • Gross Income $31,760
  • Net Operating Income $19,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,447

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Converted, Mixed Use
  • Technology: Cable
  • County Assessment: 65200.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1850
  • Special Features: None

Interior Features

  • Features: No Disclosure
  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 2
  • Square Footage: 2996

Exterior Features

  • Construction: Shingle, Stucco

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 5

Utilities

  • Cooling: Central AC
  • Heat Type: Baseboard, Electric, Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 1633
  • Insurance: 1428
  • Trash Removal: 720
  • Water Sewer: 1654

Fee Information

  • Operating Expense: 12329

Schools

  • School District: Nazareth

Lot Info

  • Acres: 0.216
  • Lot Sq Ft: 9430
  • Zoning Code: GC-GENERAL COMMERCIAL

Tax Info

  • Assessor Parcel Number: J7SE3A 8 9 0421
  • County Taxes: 769.36
  • Municipal Taxes: 1043.20
  • Total Taxes: 5446.81

Multi Family

  • School Taxes: 3634.25
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Mar 26, 2021
Sold by
Nazareth Mutual Insurance Company
Bought by
J P Rodman Llc
Seller's Agent
David Lichtenwalner
BHHS - Choice Properties
Buyer's Agent
Jane Gonzalez
BHHS Fox & Roach Bethlehem
List Price
$235,000
Sold Price
$225,000
Premium/Discount to List
-$10,000
-4.26%
Current Estimated Value
$311,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,946
Avg. Annual Appreciation
7.05%
Original Mortgage
$180,000
Outstanding Balance
$162,168
Interest Rate
2.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$143,912

Purchase Details

Closed on
Apr 1, 1997
Bought by
Nazareth Mutual Insurance Company

Purchase Details

Closed on
Oct 1, 1995
Bought by
Not Provided
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
J P Rodman Llc $225,000 First Amer Abstract Of Pa
Nazareth Mutual Insurance Company $225,000 --
Not Provided $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J P Rodman Llc $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2021 03/26/21 Sold $225,000 -4.3% $75 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $235,000 -- $78 / 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 $704 $65,200 $30,900 $34,300
2024 $5,562 $65,200 $30,900 $34,300
2023 $5,451 $65,200 $30,900 $34,300
2022 $5,451 $65,200 $30,900 $34,300
2021 $5,447 $65,200 $30,900 $34,300
2020 $5,447 $65,200 $30,900 $34,300
2019 $5,365 $65,200 $30,900 $34,300
2018 $5,253 $65,200 $30,900 $34,300
2017 $7,378 $93,000 $30,900 $62,100
2016 -- $93,000 $30,900 $62,100
2015 -- $93,000 $30,900 $62,100
2014 -- $93,000 $30,900 $62,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 656048

Greater Lehigh Valley REALTORS®

APN: J7SE3A-8-9-0421