P
Seller's Agent in 2022
Peter Adams
BHHS Fox & Roach
(484) 519-4444
1 in this area
32 Total Sales
1422 Main St Hellertown, PA 18055
Hellertown NeighborhoodEstimated Value: $335,000 - $529,000
1
Bed
2
Baths
2,075
Sq Ft
$211/Sq Ft
Est. Value
About This Home
As of March 2022Solid, fully leased 4 unit mixed-use investment property. Seller has consistently maintained and upgraded this property over the years of ownership. Owner operated their business from the 1st floor commercial space for many years until the recent relocation. Property is fully leased and the units under lease include a first floor commercial space, a first floor 1 bedroom residential apartment, a second floor 2 bedroom residential apartment, and a detached garage. Property includes a parking pad in the rear for 2 vehicles. The current NOI is $30,411.96 and results in a solid 7% CAP rate opportunity. Tremendous location just minutes from Route 78
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,158
Year Built
- Built in 1900
Lot Details
- 7,405
Home Design
- 2,075 Sq Ft Home
- Mixed Use
- Brick Exterior Construction
- Frame Construction
Parking
- 2 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number Q7NW3A960715
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $2,100
- Insurance Expense $1,400
- Maintenance Expense $900
- Trash Expense $500
- Water Sewer Expense $804
- Operating Expense $12,188
- Gross Income $42,600
- Net Operating Income $30,411
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2021
Closed on
Mar 1, 2022
Sold by
Morris Diane R
Bought by
Cyprus Investment Properties Llc
Seller's Agent
Peter Adams
BHHS Fox & Roach Macungie
Buyer's Agent
Jesse Chupella
Home Team Real Estate
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Total Days on Market
179
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,139
Avg. Annual Appreciation
3.24%
Original Mortgage
$320,000
Outstanding Balance
$294,409
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$148,351
Purchase Details
Closed on
May 1, 1996
Bought by
Brown Angela J
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cyprus Investment Properties Llc | $400,000 | None Listed On Document | |
| Brown Angela J | $85,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cyprus Investment Properties Llc | $320,000 | |
| Previous Owner | Morris Diane R | $153,349 | |
| Previous Owner | Adams Diane R | $27,503 | |
| Previous Owner | Adams Diane R | $50,000 | |
| Previous Owner | Adams Diane R | $221,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2022 03/01/22 | Sold | $400,000 | -5.9% | $193 / Sq Ft |
| 01/07/2022 01/07/22 | Pending | -- | -- | -- |
| 09/05/2021 09/05/21 | For Sale | $425,000 | 0.0% | $205 / Sq Ft |
| 08/14/2021 08/14/21 | Pending | -- | -- | -- |
| 07/12/2021 07/12/21 | For Sale | $425,000 | -- | $205 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
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 | $524 | $48,500 | $19,600 | $28,900 |
| 2024 | $4,218 | $48,500 | $19,600 | $28,900 |
| 2023 | $4,218 | $48,500 | $19,600 | $28,900 |
| 2022 | $4,158 | $48,500 | $19,600 | $28,900 |
| 2021 | $4,206 | $48,500 | $19,600 | $28,900 |
| 2020 | $4,206 | $48,500 | $19,600 | $28,900 |
| 2019 | $4,206 | $48,500 | $19,600 | $28,900 |
| 2018 | $4,151 | $48,500 | $19,600 | $28,900 |
| 2017 | $4,064 | $48,500 | $19,600 | $28,900 |
| 2016 | -- | $48,500 | $19,600 | $28,900 |
| 2015 | -- | $48,500 | $19,600 | $28,900 |
| 2014 | -- | $48,500 | $19,600 | $28,900 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Adams
-
Jesse Chupella
Buyer's Agent in 2022
Jesse Chupella
Home Team Real Estate
(484) 550-2530
3 in this area
222 Total Sales
-
Cathy Karp
Buyer Co-Listing Agent in 2022
Cathy Karp
IronValley RE of Lehigh Valley
(610) 419-8888
3 in this area
97 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 672985
APN: Q7NW3A-9-6-0715
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