NOT LISTED FOR SALE

1406 S Jefferson St Allentown, PA 18103

Southside Neighborhood

Estimated Value: $225,000 - $253,705

3 Beds
1.5 Baths
1,144 Sq Ft
$213/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $229,000 $200 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,601/month

7 Days on Market

About This Home

As of February 2024

Introducing an exceptional investment opportunity in Allentown! This three-bedroom single-family home at 1406 S Jefferson St, currently leased until 10/31/24 with tenants in place since 10/2022, offers a remarkable gross income of $22,992 and a substantial net income of $19,346.68. With tenants covering all utilities and the owner handling taxes, insurance, and trash removal, this property is hassle-free. Additionally, the well-maintained, fenced yard and parking space for up to three cars in the driveway enhance its appeal. Priced competitively at $230,000, this property boasts an attractive cap rate of approximately 8.41%, ensuring a solid return on your investment. Don't miss out on this golden opportunity to diversify your portfolio with a property that combines reliable income and great features. Contact us today, and secure your investment in this Allentown gem!

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty Listed on: 01/25/2024

Last Buyer's Agent

Jeremy Wheeler

D. R. Horton Realty of PA License #RC201703

D. R. Horton Realty of PA

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,637

Year Built

  • Built in 1944

Lot Details

  • 5,558 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Semi-Detached or Twin Home
  • Brick Exterior Construction

Interior Spaces

  • 1,144 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549693038168001

Community Details

Building Details

  • Insurance Expense $800
  • Operating Expense $3,645
  • Gross Income $22,992
  • Net Operating Income $19,346

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,637

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Semi Detached/Twin
  • Technology: Smk Detector Battery
  • County Assessment: 104700.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1944
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Square Footage: 1144

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 3

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric, Oil
  • Sewer: Public
  • Water: Public
  • Insurance: 800

Fee Information

  • Operating Expense: 3645

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.128
  • Lot Sq Ft: 5558
  • Zoning Code: R-M-MEDIUM DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549693038168001
  • County Taxes: 870.81
  • Municipal Taxes: 395.77
  • Total Taxes: 3637.32

Multi Family

  • School Taxes: 2370.74
  • Total Units: 1
  • Total Unit Count: 1

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 29, 2024
Sold by
Sollars David
Bought by
Hulaj Eliza
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Jeremy Wheeler
D. R. Horton Realty of PA
List Price
$230,000
Sold Price
$229,000
Premium/Discount to List
-$1,000
-0.43%
Views
37
Current Estimated Value
$243,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,926
Avg. Annual Appreciation
4.05%
Original Mortgage
$217,550
Outstanding Balance
$213,911
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$30,015

Purchase Details

Listed on
Aug 22, 2020
Closed on
Aug 19, 2020
Sold by
Gaumer Scott D and Munro Nancy A
Bought by
Sollars David
Seller's Agent
George El-Khoury
IronValley RE of Lehigh Valley
Buyer's Agent
George El-Khoury
IronValley RE of Lehigh Valley
Sold Price
$1,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$120,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 1990
Sold by
Bachman Daryl K and Bachman Dianne E
Bought by
Gaumer Scott D and Munro Nancy A

Purchase Details

Closed on
Jun 30, 1988
Sold by
Erdman Minnie Kuhns
Bought by
Bachman Daryl K and Bachman Dianne E
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Hulaj Eliza $229,000 Iron Valley Abstract
Sollars David $160,000 Edge Abstract
Gaumer Scott D $84,000 --
Bachman Daryl K $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hulaj Eliza $217,550
Previous Owner Sollars David $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/29/2024 02/29/24 Sold $229,000 -0.4% $200 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $230,000 0.0% $201 / Sq Ft
09/01/2020 09/01/20 Rented $1,675 +6.3% --
08/23/2020 08/23/20 Under Contract -- -- --
08/22/2020 08/22/20 For Rent $1,575 0.0% --
08/19/2020 08/19/20 Sold $160,000 +0.6% $130 / Sq Ft View Prior Sale
07/10/2020 07/10/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $159,000 -- $129 / 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 $3,637 $104,700 $21,200 $83,500
2024 $3,637 $104,700 $21,200 $83,500
2023 $3,637 $104,700 $21,200 $83,500
2022 $3,518 $104,700 $83,500 $21,200
2021 $3,452 $104,700 $21,200 $83,500
2020 $3,368 $104,700 $21,200 $83,500
2019 $3,318 $104,700 $21,200 $83,500
2018 $3,063 $104,700 $21,200 $83,500
2017 $2,990 $104,700 $21,200 $83,500
2016 -- $104,700 $21,200 $83,500
2015 -- $104,700 $21,200 $83,500
2014 -- $104,700 $21,200 $83,500
Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2024

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    23 in this area

    422 Total Sales

    Jennifer de Jesus
    Section Image

  • J

    Buyer's Agent in 2024

    Jeremy Wheeler

    D. R. Horton Realty of PA

    (610) 766-7200

    3 in this area

    77 Total Sales

    Jeremy Wheeler
    Section Image

  • G

    Seller's Agent in 2020

    George El-Khoury

    IronValley RE of Lehigh Valley

    Section Image

  • k

    Seller's Agent in 2020

    karamjody karam

    Morganelli Properties LLC

    1 in this area

    99 Total Sales

    karamjody karam
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 731031

Greater Lehigh Valley REALTORS®

APN: 549693038168-1

Pennsylvania Lehigh County Allentown 18103 Southside

1406 S Jefferson St, Allentown, PA

This home is located at 1406 S Jefferson St, Allentown, PA 18103 since 25 January 2024 and is currently estimated at $243,926, approximately $213 per square foot. This property was built in 1944. 1406 S Jefferson St is a home located in Lehigh County with nearby schools including Lehigh Park 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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