NOT LISTED FOR SALE

1249 State St Unit B & C Mertztown, PA 19539

Longswamp Neighborhood

Estimated Value: $249,452 - $274,000

5 Beds
2 Baths
2,288 Sq Ft
$114/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $129,900 $57 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,462/month

8 Days on Market

About This Home

As of May 2016

Great Investment opportunity in Brandywine School District! 2 Unit twin with 2 separate electric meters. Live in one apartment and rent the other! One 2 Bedroom Unit and One 3 Bedroom Unit. Home is well maintained. Newer well pump, casing & tank. Off street parking.

Last Agent to Sell the Property

Maureen Fletcher

IronValley RE of Lehigh Valley License #RS295141 Listed on: 03/16/2016

IronValley RE of Lehigh Valley

Last Buyer's Agent

nonmember nonmember

NON MBR Office

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Unpaved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 59-5483-03-21-4429

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $900
  • Maintenance Expense $500
  • Operating Expense $3,266
  • Gross Income $19,800
  • Net Operating Income $15,134

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
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 76900.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Square Footage: 2288

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 5

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Hot Water, Oil
  • Sewer: Septic
  • Water: Well
  • Insurance: 900

Condo/Co-op/Association

  • Maintenance Repair: 500

Fee Information

  • Operating Expense: 3266

Lot Info

  • Acres: 0.310
  • Lot Sq Ft: 13504
  • Zoning Code: Residential5

Tax Info

  • Assessor Parcel Number: 59-5483-03-21-4429
  • County Taxes: 567.00
  • Municipal Taxes: 215.00
  • Total Taxes: 3266.00

Multi Family

  • School Taxes: 2484.00
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Wagarim Properties Llc
Bought by
Davis Jared M
Current Estimated Value
$261,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$151,151
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$110,212

Purchase Details

Listed on
Mar 16, 2016
Closed on
Apr 29, 2016
Sold by
Boyle Seena
Bought by
Wagarim Properties Llc
Seller's Agent
Maureen Fletcher
IronValley RE of Lehigh Valley
Buyer's Agent
nonmember nonmember
NON MBR Office
List Price
$149,900
Sold Price
$129,900
Premium/Discount to List
-$20,000
-13.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$96,750
Interest Rate
3.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 29, 2013
Sold by
Fenstermacher Frederick M and Fenstermacher Janet L
Bought by
Fenstermacher Frederick M and Fenstermacher Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 1968
Bought by
Fenstermacher Frederick M and Fenstermacher Janet L
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
Davis Jared M $210,000 --
Wagarim Properties Llc $129,900 Title Services
Fenstermacher Frederick M $100,000 None Available
Fenstermacher Frederick M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Jared M $157,500
Previous Owner Wagarim Properties Llc $96,750
Previous Owner Fenstermacher Frederick M $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $129,900 -13.3% $57 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $149,900 -- $66 / 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 $920 $76,900 $41,900 $35,000
2024 $3,636 $76,900 $41,900 $35,000
2023 $3,562 $76,900 $41,900 $35,000
2022 $3,482 $76,900 $41,900 $35,000
2021 $3,456 $76,900 $41,900 $35,000
2020 $3,430 $76,900 $41,900 $35,000
2019 $3,380 $76,900 $41,900 $35,000
2018 $3,345 $76,900 $41,900 $35,000
2017 $3,285 $76,900 $41,900 $35,000
2016 $767 $76,900 $41,900 $35,000
2015 $767 $76,900 $41,900 $35,000
2014 $767 $76,900 $41,900 $35,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 515529

Greater Lehigh Valley REALTORS®

APN: 59-5483-03-21-4429