Seller's Agent in 2024
Frank Rinaldi
CENTURY 21 Pinnacle
(484) 788-8682
9 in this area
210 Total Sales
1434 Butler St Easton, PA 18042
West Ward Neighborhood
3
Beds
2
Baths
2,160
Sq Ft
3,093
Sq Ft Lot
Highlights
- Patio
- Ceiling Fan
- Baseboard Heating
About This Home
As of November 2024Now available in Easton, this 2-unit property offers an 8.3% cap rate and a 1.34 DCR, making it a prime investment opportunity. The first unit is a 1-bedroom, 1-bath on the ground floor, with a long-term tenant who has been in place for 13 years. As a Section 8 tenant, the rent is reliably adjusted each year, providing stable income. The second unit spans the second and third floors and features 3 bedrooms (one is a walk-through) and 1 bath. Tenants in both units cover their own heat, cable, and internet.Additionally, there’s a 2-car detached garage, which could generate extra income. It is currently included in the lease terms for Unit 1 but offers future flexibility for other uses.This property is an ideal house-hack opportunity—live in one unit and let the rental income cover a significant portion of your mortgage.Group showings are scheduled for 9/14 from 1-2 PM. Contact your agent to confirm your spot. Full Pro Forma and Offering Memorandum are available upon request.Don’t miss out on this solid investment or personal homeownership opportunity!
Last Agent to Sell the Property
CENTURY 21 Pinnacle License #AB069017 Listed on: 09/10/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,784
Year Built
- Built in 1900
Parking
- 2 Parking Spaces
Home Design
- Semi-Detached or Twin Home
- Converted Dwelling
Interior Spaces
- 2,160 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Home Security
Outdoor Features
- Patio
Utilities
- Baseboard Heating
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number L9SW3B 6 7 0310
Community Details
Building Details
- Electric Expense $400
- Insurance Expense $1,367
- Maintenance Expense $909
- Manager Expense $2,811
- Water Sewer Expense $1,500
- Operating Expense $11,642
- Gross Income $31,236
- Net Operating Income $18,657
Additional Features
- 2 Units
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2024
Closed on
Nov 5, 2024
Sold by
Halyard Group Llc
Bought by
Laurel Path Properties Llc
Seller's Agent
Frank Rinaldi
CENTURY 21 Pinnacle
Buyer's Agent
Frank Rinaldi
CENTURY 21 Pinnacle
List Price
$225,000
Sold Price
$225,000
Views
6
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
$91
Avg. Annual Appreciation
0.04%
Original Mortgage
$180,000
Outstanding Balance
$178,195
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$46,896
Purchase Details
Closed on
Jul 16, 2020
Sold by
Elhussini Mahmoud
Bought by
Halyard Group Llc
Purchase Details
Closed on
Jul 21, 2008
Sold by
Elhussini Mahmoud and Moharam Nazak
Bought by
Elhussini Mahmoud
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 16, 2006
Sold by
Clarizio Mark
Bought by
Elhussini Mahmoud
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,650
Interest Rate
6.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 21, 2003
Sold by
Heron Kevin
Bought by
Clairzio Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,294,015
Interest Rate
5.86%
Mortgage Type
Commercial
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
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $225,000 | None Listed On Document | |
| Special Warranty Deed | $113,900 | Steel Abstract | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $108,500 | -- | |
| Deed | $68,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Previous Owner | $105,000 | Commercial | |
| Previous Owner | $97,650 | Commercial | |
| Previous Owner | $6,294,015 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $225,000 | 0.0% | $104 / Sq Ft |
| 09/18/2024 09/18/24 | Pending | -- | -- | -- |
| 09/10/2024 09/10/24 | For Sale | $225,000 | -- | $104 / 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 | $383 | $35,500 | $12,100 | $23,400 |
| 2024 | $3,683 | $35,500 | $12,100 | $23,400 |
| 2023 | $3,683 | $35,500 | $12,100 | $23,400 |
| 2022 | $3,636 | $35,500 | $12,100 | $23,400 |
| 2021 | $3,626 | $35,500 | $12,100 | $23,400 |
| 2020 | $3,625 | $35,500 | $12,100 | $23,400 |
| 2019 | $3,582 | $35,500 | $12,100 | $23,400 |
| 2018 | $3,531 | $35,500 | $12,100 | $23,400 |
| 2017 | $3,461 | $35,500 | $12,100 | $23,400 |
| 2016 | -- | $35,500 | $12,100 | $23,400 |
| 2015 | -- | $35,500 | $12,100 | $23,400 |
| 2014 | -- | $35,500 | $12,100 | $23,400 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Rinaldi
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 745002
APN: L9SW3B-6-7-0310
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Information is deemed reliable but not guaranteed.
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