Seller's Agent in 2024
Paula Meilinger
BHHS Fox & Roach
(610) 739-0545
1 in this area
92 Total Sales
1502 Chew St Allentown, PA 18102
West Park Historic District NeighborhoodEstimated Value: $589,444
7
Beds
7
Baths
3,628
Sq Ft
$162/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Patio
- Heating System Uses Gas
- Balcony
- Historic Home
- 2-minute walk to Franklin Park
About This Home
As of September 2024Invest in a distinguished 5-unit mixed-use building, marrying historical significance with modern living. Property hosts four residential units boasting updated interiors and contemporary comforts—three 2-bedroom apartments and one 1-bedroom apartment, each with their own unique appeal. All residences are responsible for their electricity. Anchoring this investment is commercial space on the ground floor, previously a popular vegan dining venue, offering eat-in and take-out services.This space can not accommodate fryers, commercial vents or grills. Poised for growth, the property currently has below-market rents, signaling potential for enhanced yield. *GROSS INCOME 81,000*53, 838 CURRENT NET, Its prime location stands out, situated in the historic West End and in close proximity to Muhlenberg College, healthcare facilities, and the Theater District. Residents have immediate access to public transit, diverse retail options, and a variety of eateries. This is an opportunity to secure an asset with both character and untapped financial promise in a vibrant neighborhood !!!!Click on video to view and schedule your appointment!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $8,289
Year Built
- Built in 1913
Lot Details
- Historic Home
Home Design
- Mixed Use
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Wood Flooring
- Fire Escape
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Outdoor Features
- Balcony
- Patio
Utilities
- No Cooling
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 549750906760 001
Community Details
Overview
- 5 Units
- West Park Historic Subdivision
Building Details
- Electric Expense $967
- Insurance Expense $4,714
- Maintenance Expense $1,587
- Manager Expense $3,969
- Other Expense $1,587
- Trash Expense $1,440
- Water Sewer Expense $1,440
- Operating Expense $25,541
- Gross Income $81,000
- Net Operating Income $53,838
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2024
Closed on
Aug 26, 2024
Sold by
15Th & Chew Llc
Bought by
Steller Holding Llc
Seller's Agent
Paula Meilinger
BHHS Fox & Roach Macungie
Buyer's Agent
Brandon Urzua
BHHS Fox & Roach Macungie
List Price
$650,000
Sold Price
$585,000
Premium/Discount to List
-$65,000
-10%
Total Days on Market
44
Views
115
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
$4,444
Avg. Annual Appreciation
2.44%
Original Mortgage
$468,000
Outstanding Balance
$464,984
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$128,979
Purchase Details
Closed on
Aug 30, 2021
Sold by
Popoola Properties Llc
Bought by
15Th & Chew Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
2.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 7, 2017
Sold by
Wach Zenon and Wach Longina
Bought by
Wach Longina
Purchase Details
Closed on
Apr 29, 1988
Sold by
Mccandless Rodney H and Mccandless Kathryn W
Bought by
Bertalan Joseph J and Bertalan Ruth A
Purchase Details
Closed on
Dec 17, 1982
Sold by
Schrettner Alfred G and Schrettner Helen E
Bought by
Mccandless Rodney H and Mccandless Kathryn W
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Steller Holding Llc | $585,000 | None Listed On Document | |
| 15Th & Chew Llc | $620,000 | Parkland Abstract Corp | |
| Popoola Properties Llc | $485,000 | Parkland Abstract Corp | |
| Wach Longina | -- | None Available | |
| Bertalan Joseph J | $116,000 | -- | |
| Mccandless Rodney H | $96,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Steller Holding Llc | $468,000 | |
| Previous Owner | 15Th & Chew Llc | $496,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $585,000 | -10.0% | $161 / Sq Ft |
| 05/16/2024 05/16/24 | Pending | -- | -- | -- |
| 04/02/2024 04/02/24 | For Sale | $650,000 | -- | $179 / 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 | $8,289 | $259,200 | $15,000 | $244,200 |
| 2024 | $8,289 | $259,200 | $15,000 | $244,200 |
| 2023 | $8,289 | $259,200 | $15,000 | $244,200 |
| 2022 | $7,994 | $259,200 | $244,200 | $15,000 |
| 2021 | $7,832 | $259,200 | $15,000 | $244,200 |
| 2020 | $7,623 | $259,200 | $15,000 | $244,200 |
| 2019 | $7,498 | $259,200 | $15,000 | $244,200 |
| 2018 | $7,017 | $259,200 | $15,000 | $244,200 |
| 2017 | $6,836 | $259,200 | $15,000 | $244,200 |
| 2016 | -- | $259,200 | $15,000 | $244,200 |
| 2015 | -- | $259,200 | $15,000 | $244,200 |
| 2014 | -- | $259,200 | $15,000 | $244,200 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Meilinger
-
Brandon Urzua
B
Buyer's Agent in 2024
Brandon Urzua
BHHS Fox & Roach
(484) 274-5970
1 in this area
10 Total Sales
Map
Similar Homes in Allentown, PA
Source: Greater Lehigh Valley REALTORS®
MLS Number: 735308
APN: 549750906760-1
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