Matthew Orban
Grace Realty Co Inc
(610) 778-7093
54 Total Sales
1 in Hellertown
$253,000 Price
1422 Main St Hellertown, PA 18055
Hellertown AreaEstimated Value: $445,562
1
Bed
2
Baths
2,075
Sq Ft
$215/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
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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
$45,562
Avg. Annual Appreciation
2.47%
Original Mortgage
$320,000
Outstanding Balance
$283,177
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$162,385
Purchase Details
Closed on
May 1, 1996
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hellertown, PA
-
Matthew Orban
-
Erin Thompson
Erin Thompson
Keller Williams Real Estate-Montgomeryville
(610) 795-5308
97 Total Sales
1 in Hellertown
$303,500 Price
-
Barb Matty Matyszczak
Barb Matty Matyszczak
RE/MAX 440 - Doylestown
(844) 514-0829
116 Total Sales
1 in Hellertown
$335,000 Price
-
Carlos Ribau
Carlos Ribau
Weichert Realtors
(484) 544-7008
58 Total Sales
1 in Hellertown
$450,000 Price
-
Patricia Spitzer
Patricia Spitzer
Weichert Realtors - Allentown
(484) 742-3390
182 Total Sales
1 in Hellertown
$305,000 Price
-
Sureya Lococo
Sureya Lococo
RE/MAX Real Estate
(484) 666-0504
100 Total Sales
1 in Hellertown
$328,000 Price
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 | ||
| Previous Owner | $153,349 | ||
| Closed | $27,503 | ||
| Closed | $50,000 | ||
| Closed | $221,000 |
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
P
Seller's Agent in 2022
Peter Adams
BHHS Fox & Roach
(484) 519-4444
38 Total Sales
-
Jesse Chupella
Buyer's Agent in 2022
Jesse Chupella
Home Team Real Estate
(484) 550-2530
210 Total Sales
-
Cathy Karp
Buyer Co-Listing Agent in 2022
Cathy Karp
IronValley RE of Lehigh Valley
(610) 419-8888
71 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.
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