P
Seller's Agent in 2022
Peter Adams
BHHS Fox & Roach
(484) 519-4444
40 Total Sales
1422 Main St Hellertown, PA 18055
Estimated Value: $313,000 - $562,000
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2021
Closed on
Mar 1, 2022
Sold by
Bought by
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%
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
$38,630
Avg. Annual Appreciation
2.15%
Original Mortgage
$320,000
Outstanding Balance
$286,223
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$152,407
Purchase Details
Closed on
May 1, 1996
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $400,000 | None Listed On Document | ||
| $85,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $320,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $524 | $48,500 | $19,600 | $28,900 |
| 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
206 Total Sales
-
Cathy Karp
Buyer Co-Listing Agent in 2022
Cathy Karp
IronValley RE of Lehigh Valley
(610) 419-8888
73 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 672985
APN: Q7NW3A-9-6-0715
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.
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.
Nearby Homes
- 1379 Washington St
- 1377 Washington St
- 134 E High St
- 86 Hess Ave
- 1083 Main St
- 1501 Detweiler Ave
- 1514 Ravena St Unit Q
- 1514 Ravena St Unit M
- 1056 Detweiler Ave
- 934 Detweiler Ave
- 880 New York Ave
- 2105 Creek Rd
- 1156 William St
- 1837 Norwood St
- 1950 Chancellor St
- 318 Northampton St
- 0 William St Unit 776485
- 1938 Delancey St
- 2193 Apple St
- 1895 Gregory Place
Your Personal Tour Guide
Ask me questions while you tour the home.