NOT LISTED FOR SALE

1334 S Fountain St Allentown, PA 18103

Southside Neighborhood

Estimated Value: $307,999 - $376,000

4 Beds
2 Baths
2,000 Sq Ft
$171/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $275,000 $138 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,276/month

24 Days on Market

Highlights

  • Balcony
  • Patio
  • Baseboard Heating

About This Home

As of April 2022

Impeccable 2-Unit multi-family with NET income of $24,396 above 7.5% cap rate. This turn-key, fully occupied, class A property has been totally renovated with new roof, updated kitchens, cabinetry, countertops, newer appliances, newer flooring, modern bathrooms, recessed/LED lighting, updated paint, plus more, totaling almost $25,000 over the past year. Tenants pay for utilities except water/sewer. Property features spacious apartments with dedicated parking for four cars, storage rooms with washer/dryer hookup, large backyard, with a balcony & patio. Due to COVID, Seller is NOT allowing showings, buyer must present an LOI or AOS to gain access. *See matterport 360 tour and aerial video. Buyers welcome to take a drive by, please do not disturb tenants. Sold "AS IS." *NEW ROOF COSTS ROUGHLY $15,000.

Last Agent to Sell the Property

james reardon

EXP Realty LLC License #RS342638 Listed on: 02/03/2022

EXP Realty LLC

Last Buyer's Agent

Angel Rosa

I-Do Real Estate License #RS308936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,755

Year Built

  • Built in 1985

Lot Details

  • 4,186 Sq Ft Lot
  • Lot Dimensions are 27 x 155

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Paved Parking
  • Off-Site Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640614508501001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1
  • Insurance Expense $750
  • Maintenance Expense $500
  • Trash Expense $1
  • Water Sewer Expense $800
  • Operating Expense $6,804
  • Gross Income $31,200
  • Net Operating Income $24,396

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,755

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Duplex/Both Halves
  • County Assessment: 149300.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Features: Balcony, Patio
  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Square Footage: 2000

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site, Paved Lot
  • Parking Spaces: 4

Utilities

  • Cooling: Wall AC, Window AC
  • Heat Type: Baseboard
  • Sewer: Public
  • Water: Public
  • Electric: 1
  • Gas: 1
  • Heat: 1
  • Insurance: 750
  • Trash Removal: 1
  • Water Sewer: 800

Condo/Co-op/Association

  • Maintenance Repair: 500

Fee Information

  • Operating Expense: 6804

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.096
  • Lot Dimensions: 27 X 155
  • Lot Sq Ft: 4186
  • Zoning Code: R-M-MEDIUM DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640614508501001
  • County Taxes: 3210.49
  • Municipal Taxes: 979.70
  • Total Taxes: 4754.54

Multi Family

  • School Taxes: 3210.49
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Apr 15, 2022
Sold by
Popoola Adekunle S
Bought by
Morel Darlyn Paulin
Seller's Agent
james reardon
EXP Realty LLC
Buyer's Agent
Angel Rosa
I-Do Real Estate
List Price
$315,000
Sold Price
$275,000
Premium/Discount to List
-$40,000
-12.7%
Current Estimated Value
$342,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,500
Avg. Annual Appreciation
6.73%
Original Mortgage
$270,019
Outstanding Balance
$256,311
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$86,189

Purchase Details

Closed on
Jan 26, 2021
Sold by
Herrera Alfonso and Herrera Maria J
Bought by
Popoola Adekunle S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,646
Interest Rate
2.67%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2005
Sold by
Turkoz Hakan and Turkoz Cynthia Cullen
Bought by
Herrera Alfonso and Herrera Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,920
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Roth Steven P
Bought by
Turkoz Hakan and Turkoz Cynthia Cullen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,059
Interest Rate
5.28%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 2000
Sold by
Hardy John D
Bought by
Roth Steven P

Purchase Details

Closed on
Jun 17, 1985
Sold by
Busch George and Stanley Busch
Bought by
Hardy John D

Purchase Details

Closed on
Aug 17, 1984
Bought by
Busch George and Stanley Busch
Source: Public Records

Range of Values:

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Average Value
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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
Morel Darlyn Paulin $275,000 None Listed On Document
Popoola Adekunle S $157,500 Parkland Abstract Corp
Herrera Alfonso $159,900 None Available
Turkoz Hakan $120,000 First American Title Ins Co
Roth Steven P $85,000 --
Hardy John D $91,500 --
Busch George $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morel Darlyn Paulin $270,019
Previous Owner Popoola Adekunle S $154,646
Previous Owner Herrera Alfonso $127,920
Previous Owner Turkoz Hakan $119,059
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $275,000 -8.0% $138 / Sq Ft
03/23/2022 03/23/22 Price Changed $299,000 -5.1% $150 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $315,000 -- $158 / 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 $4,925 $149,300 $16,500 $132,800
2024 $4,925 $149,300 $16,500 $132,800
2023 $4,925 $149,300 $16,500 $132,800
2022 $4,755 $149,300 $132,800 $16,500
2021 $4,661 $149,300 $16,500 $132,800
2020 $4,541 $149,300 $16,500 $132,800
2019 $4,469 $149,300 $16,500 $132,800
2018 $4,161 $149,300 $16,500 $132,800
2017 $4,057 $149,300 $16,500 $132,800
2016 -- $149,300 $16,500 $132,800
2015 -- $149,300 $16,500 $132,800
2014 -- $149,300 $16,500 $132,800
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2022

    james reardon

    EXP Realty LLC

    Section Image

  • A

    Buyer's Agent in 2022

    Angel Rosa

    I-Do Real Estate

    (610) 969-9357

    2 in this area

    22 Total Sales

    Angel Rosa
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 687428

Greater Lehigh Valley REALTORS®

APN: 640614508501-1

Pennsylvania Lehigh County Allentown 18103 Southside

1334 S Fountain St, Allentown, PA

This home is located at 1334 S Fountain St, Allentown, PA 18103 since 03 February 2022 and is currently estimated at $342,500, approximately $171 per square foot. This property was built in 1985. 1334 S Fountain St is a home located in Lehigh County with nearby schools including Jefferson Elementary School, South Mountain Middle School, and William Allen 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.

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