NOT LISTED FOR SALE

Estimated Value: $312,929

3 Beds
2.5 Baths
3,008 Sq Ft
$104/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $230,000 $76 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,230/month

25 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 2-minute walk to West Park
  • Commercial or Retail Space
  • Historic Home

About This Home

As of February 2022

Amazing investment opportunity in a High traffic area. Great visibility West Park Historic District location with 3 car off street parking. Well maintained unit presents a 1st fl professional commerial space and an upper 4 bedroom apartment. Unit #1 commercial 1st fl is approx. 1000 sq.ft. Unit has central air and gas heat with kitchenette, 1/2 bath, full bath, laundry and storage. Formerly used as a Physician’s office but is perfect for dentist, professional services, attorney, etc (check w/zoning). Unit #2 is approx. 2000 sq.ft Residential 2nd-3rd floor 4 bedroom apartment with beautiful hardwood floors, gas heat and tons of natural light. Owner completed all updates in accordance with the Allentown Historic Preservation Board. Updates included in 2013 but not limited to: separate gas heat in each unit, water heaters, electric, windows, siding amd misc plumbing. This is a excellent opportunity to have an at home business and live in a spacious apartment. Schedule your tour.

Last Agent to Sell the Property

Janice Benner

RE/MAX Real Estate Listed on: 12/20/2021

RE/MAX Real Estate

Last Buyer's Agent

Janice Benner

RE/MAX Real Estate Listed on: 12/20/2021

RE/MAX Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,003

Year Built

  • Built in 1910

Lot Details

  • 1,920 Sq Ft Lot
  • Historic Home

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 3,008 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 3 Parking Spaces
  • Off-Site Parking

Utilities

  • Central Air
  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549669326692-00001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $500
  • Insurance Expense $2,000
  • Gross Income $38,400
  • Net Operating Income $35,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,003

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 196800.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Features: Hardwood, Historic
  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Square Footage: 3008

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site
  • Parking Spaces: 3

Utilities

  • Cooling: Central AC, No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 500
  • Insurance: 2000

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.044
  • Lot Sq Ft: 1920
  • Zoning Code: R-Mh

Tax Info

  • Assessor Parcel Number: 549669326692-00001
  • County Taxes: 745.87
  • Municipal Taxes: 849.09
  • Total Taxes: 5002.56

Multi Family

  • School Taxes: 3407.79
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2021
Closed on
Feb 4, 2022
Sold by
Kameel Sattouf
Bought by
Aggarwal Ramdass
Seller's Agent
Janice Benner
RE/MAX Real Estate
Buyer's Agent
Janice Benner
RE/MAX Real Estate
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Current Estimated Value
$312,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,929
Avg. Annual Appreciation
9.32%
Original Mortgage
$120,000
Outstanding Balance
$112,362
Interest Rate
3.45%
Mortgage Type
Construction
Estimated Equity
$202,633

Purchase Details

Listed on
Jul 25, 2012
Closed on
Aug 27, 2012
Sold by
The Bank Of New York Mellon
Bought by
Sattouf Kameel
Seller's Agent
Dale Kessler
Realty 365
Buyer's Agent
Janice Benner
RE/MAX Real Estate
List Price
$47,300
Sold Price
$45,000
Premium/Discount to List
-$2,300
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.91%

Purchase Details

Closed on
Jun 14, 2012
Sold by
Rossi Sheriff Ronald W and Santiago Malena Noemi
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 22, 2005
Sold by
Maehrer Karl J and Maehrer Miriam S
Bought by
Malena Noemi Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2000
Sold by
Weis Mary J and Weis Paul R
Bought by
Maehrer Karl J and Maehrer Miriam S

Purchase Details

Closed on
Jan 14, 1993
Bought by
Weis Mary J
Source: Public Records

Range of Values:

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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
Aggarwal Ramdass $230,000 None Listed On Document
Sattouf Kameel $45,000 --
The Bank Of New York Mellon -- --
Malena Noemi Santiago $169,900 --
Maehrer Karl J $80,000 --
Weis Mary J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aggarwal Ramdass $120,000
Previous Owner Malena Noemi Santiago $135,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $230,000 -4.1% $76 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
12/20/2021 12/20/21 For Sale $239,900 +433.1% $80 / Sq Ft
09/04/2012 09/04/12 Sold $45,000 -4.9% $15 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
07/25/2012 07/25/12 For Sale $47,300 -- $16 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $6,283 $196,800 $10,800 $186,000
2024 $6,283 $196,800 $10,800 $186,000
2023 $6,283 $196,800 $10,800 $186,000
2022 $6,058 $196,800 $186,000 $10,800
2021 $5,935 $196,800 $10,800 $186,000
2020 $5,777 $196,800 $10,800 $186,000
2019 $5,681 $196,800 $10,800 $186,000
2018 $5,319 $196,800 $10,800 $186,000
2017 $5,182 $196,800 $10,800 $186,000
2016 -- $196,800 $10,800 $186,000
2015 -- $196,800 $10,800 $186,000
2014 -- $196,800 $10,800 $186,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 684687

Greater Lehigh Valley REALTORS®

APN: 549669326692-1