NOT LISTED FOR SALE

1416 E University Ave Bethlehem, PA 18015

Estimated Value: $267,000 - $436,000

3 Beds
2 Baths
2,196 Sq Ft
$159/Sq Ft Est. Value

Sale Details

Date Sold: May 10, 2017

Last sale price $150,000 $68 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,905 / mo

68 Days on Market

Highlights

  • Brick or Stone Veneer
  • Storm Doors
  • Wall to Wall Carpet
  • Saucon Valley Senior High School Rated 9+

About This Home

As of May 2017

Income producing 2 unit! Conveniently located on a heavily traveled route, this well maintained investment property is the perfect addition to your portfolio! First floor unit is one bedroom with use and access to full, finished basement containing washer and dryer for tenant use. Updated kitchen with new fridge and newer bathroom. Small sun porch for additional space. Second floor is spacious and bright. This unit could be a 2-3 bedroom, depending on use. Newer windows throughout and updated kitchen and bath. This unit also has a washer and dryer for tenant use. Saucon Valley Schools K-12. This property yields a 10 cap!

Last Agent to Sell the Property

Cheyenne Reiman

Realty Outfitters License #RM424708 Listed on: 01/18/2017

Last Buyer's Agent

Rick Pongracz

Coldwell Banker Hearthside

Coldwell Banker Hearthside

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,598

Year Built

  • Built in 1900

Lot Details

  • 4,510 Sq Ft Lot

Home Design

  • Brick or Stone Veneer
  • Stucco Exterior

Interior Spaces

  • 2,196 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet
  • Storm Doors
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number Q6NW2 15 3 0719

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Trash Expense $336
  • Water Sewer Expense $1,400
  • Operating Expense $6,272
  • Gross Income $22,800
  • Net Operating Income $16,528

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,598

Year Built

Built in 1900

Lot Details

4,510 Sq Ft Lot

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 36800.00
  • Stories: 3.0
  • 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: Storm Doors, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Square Footage: 2196

Exterior Features

  • Construction: Brickote, Stucco

Utilities

  • Cooling: Window AC
  • Heat Type: Oil
  • Sewer: Public
  • Water: Public
  • Heat: 1200
  • Insurance: 800
  • Trash Removal: 336
  • Water Sewer: 1400

Fee Information

  • Operating Expense: 6272

Lot Info

  • Acres: 0.104
  • Lot Sq Ft: 4510
  • Zoning Code: R12 - semi-urban residential

Tax Info

  • Assessor Parcel Number: Q6NW2 15 3 0719
  • County Taxes: 397.44
  • Municipal Taxes: 189.15
  • Total Taxes: 2598.04

Multi Family

  • School Taxes: 2011.45
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2017
Closed on
May 10, 2017
Sold by
Labarre Donald and Labarre Maureen J
Bought by
Dicroce Christian and Cohen Ryan
Seller's Agent
Cheyenne Reiman
Realty Outfitters
Buyer's Agent
Rick Pongracz
Coldwell Banker Hearthside
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Current Estimated Value
$350,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,165
Avg. Annual Appreciation
9.96%
Original Mortgage
$112,500
Outstanding Balance
$92,202
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$257,963

Purchase Details

Closed on
Dec 27, 2011
Sold by
Stangl Lucas A and Villard Daryl Anne K
Bought by
Labarre Donald and Labarre Maureen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,838
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2001
Bought by
Villard Daryl Anne K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dicroce Christian $150,000 None Available
Labarre Donald $150,450 None Available
Villard Daryl Anne K $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dicroce Christian $112,500
Previous Owner Labarre Donald $112,838
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2017 05/10/17 Sold $150,000 -9.1% $68 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $165,000 -- $75 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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
2026 $423 $39,200 $15,200 $24,000
2025 $423 $39,200 $15,200 $24,000
2024 $2,767 $39,200 $15,200 $24,000
2023 $2,767 $39,200 $15,200 $24,000
2022 $2,553 $36,800 $15,200 $21,600
2021 $2,590 $36,800 $15,200 $21,600
2020 $2,636 $36,800 $15,200 $21,600
2019 $2,636 $36,800 $15,200 $21,600
2018 $2,603 $36,800 $15,200 $21,600
2017 $2,537 $36,800 $15,200 $21,600
2016 -- $36,800 $15,200 $21,600
2015 -- $36,800 $15,200 $21,600
2014 -- $36,800 $15,200 $21,600
Source: Public Records

Agents Affiliated with this Home

  • Cheyenne Reiman

    Seller's Agent in 2017

    Cheyenne Reiman

    Realty Outfitters

    (484) 951-2329

    17 in this area

    118 Total Sales

    Cheyenne Reiman
    Section Image

  • R

    Buyer's Agent in 2017

    Rick Pongracz

    Coldwell Banker Hearthside

    (610) 462-8641

    27 Total Sales

    Rick Pongracz
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 537445

Greater Lehigh Valley REALTORS®

APN: Q6NW2-15-3-0719

Pennsylvania Northampton County Bethlehem 18015

1416 E University Ave, Bethlehem, PA

Not Listed for Sale

MultiFamily

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