NOT LISTED FOR SALE

1340 S Fountain St Allentown, PA 18103

Southside Neighborhood

Estimated Value: $502,000 - $570,000

6 Beds
3.5 Baths
3,162 Sq Ft
$165/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $450,000 $142 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,512/month

33 Days on Market

About This Home

As of December 2023

**ATTENTION INVESTORS** Here's your opportunity to purchase a low maintenance 3 unit Cash Cow in a quiet South Allentown neighborhood located just minutes from schools, shopping and major routes. This could be an ideal opportunity for an owner occupant as well, live in one and use the rents from the other two to pay your mortgage. This brick, corner lot property consists of three 2BR condo style units each with their own laundry and two car off street parking spots. The rear unit is a two story townhouse style condo with gourmet kitchen with granite countertops, new flooring throughout, spacious patio, walk-in closet and large storage shed. The front two units offer tall ceilings, skylights and spacious floor plans. Tenants pay Heat, Hot Water and Electric. Hurry and make your appointment today, this one won't last!

Last Agent to Sell the Property

Robert Susko

RE/MAX Real Estate License #RS275850 Listed on: 09/13/2023

RE/MAX Real Estate

Last Buyer's Agent

Robert Susko

RE/MAX Real Estate License #RS275850 Listed on: 09/13/2023

RE/MAX Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,995

Year Built

  • Built in 1985

Lot Details

  • 6,882

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,162 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 640613692703001

Community Details

Overview

  • 3 Units
  • Parkway Terrace Subdivision

Building Details

  • Insurance Expense $1,550
  • Water Sewer Expense $2,400
  • Operating Expense $13,444
  • Gross Income $55,200
  • Net Operating Income $41,755

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,995

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
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 247800.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1985
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 6
  • Square Footage: 3162

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 6

Utilities

  • Cooling: Wall AC
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 1550
  • Water Sewer: 2400

Condo/Co-op/Association

  • Lawn Snow Removal: 1500

Fee Information

  • Operating Expense: 13444

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-M-MEDIUM DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640613692703001
  • Total Taxes: 7994.59

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Dec 18, 2023
Sold by
Schiaffo Adam J
Bought by
Susko Robert
Seller's Agent
Robert Susko
RE/MAX Real Estate
Buyer's Agent
Robert Susko
RE/MAX Real Estate
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Views
6
Current Estimated Value
$522,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,310
Avg. Annual Appreciation
7.53%
Original Mortgage
$260,000
Outstanding Balance
$256,940
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$250,659

Purchase Details

Closed on
Jan 12, 2006
Sold by
Wilson Eileen J
Bought by
Schiaffo Adam J and Tunguhan Jadeliza S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,988
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2005
Sold by
Roth Steven P
Bought by
Wilson Eileen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 27, 1999
Sold by
Torcivia Philip H
Bought by
Roth Steven P

Purchase Details

Closed on
Jun 18, 1985
Bought by
Torcivia Philip H
Source: Public Records

Range of Values:

Collateral Analytics

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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
Susko Robert $450,000 Traditional Abstract
Schiaffo Adam J $255,000 None Available
Wilson Eileen J $220,000 --
Roth Steven P $129,900 --
Torcivia Philip H $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Susko Robert $260,000
Previous Owner Schiaffo Adam J $25,237
Previous Owner Schiaffo Adam J $256,782
Previous Owner Schiaffo Adam J $252,988
Previous Owner Wilson Eileen J $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $450,000 -14.3% $142 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $525,000 -- $166 / 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 $7,995 $247,800 $18,000 $229,800
2024 $7,995 $247,800 $18,000 $229,800
2023 $7,995 $247,800 $18,000 $229,800
2022 $7,712 $247,800 $229,800 $18,000
2021 $7,557 $247,800 $18,000 $229,800
2020 $7,358 $247,800 $18,000 $229,800
2019 $7,238 $247,800 $18,000 $229,800
2018 $6,764 $247,800 $18,000 $229,800
2017 $6,591 $247,800 $18,000 $229,800
2016 -- $247,800 $18,000 $229,800
2015 -- $247,800 $18,000 $229,800
2014 -- $247,800 $18,000 $229,800
Source: Public Records

Agents Affiliated with this Home

  • Robert Susko

    Seller's Agent in 2023

    Robert Susko

    RE/MAX

    (610) 751-1896

    12 in this area

    209 Total Sales

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 724041

Greater Lehigh Valley REALTORS®

APN: 640613692703-1

Pennsylvania Lehigh County Allentown 18103 Southside

1340 S Fountain St, Allentown, PA

This home is located at 1340 S Fountain St, Allentown, PA 18103 since 13 September 2023 and is currently estimated at $522,310, approximately $165 per square foot. This property was built in 1985. 1340 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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