NOT LISTED FOR SALE

Estimated Value: $180,000 - $238,000

2 Beds
2 Baths
742 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $165,000 $222 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,139/month

2 Days on Market

About This Home

As of May 2022

Turnkey 2 units investment property at a very competitive price, each currently one-bedroom each. Well-maintained (new gas furnace 2015, new electric panel 2013), low maintenance, excellent cash to cash return, long term and cooperative tenants. Although two gas meters, the utilities are NOT separated. Landlord pays ALL utility. Cash to cash return over 10%!
There are even more rooms to increase income with potential of turning into two-bedrooms each unit. Attic room may be converted to a bedroom. The basement is a walkout basement to the yard. Listing agent is the manager of the owner.

Last Agent to Sell the Property

Jie Floyd

Floyd Realty Listed on: 04/11/2022

Last Buyer's Agent

Gary Elbert

Bellman & Radcliff

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,061

Year Built

  • Built in 1900

Lot Details

  • 2,000 Sq Ft Lot

Home Design

  • Semi-Detached or Twin Home
  • Brick Exterior Construction

Interior Spaces

  • 742 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number P7SW1C 1 7 0204

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,490
  • Insurance Expense $616
  • Maintenance Expense $540
  • Trash Expense $352
  • Water Sewer Expense $906
  • Operating Expense $7,049
  • Gross Income $25,200
  • Net Operating Income $16,661

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,061

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Semi Detached/Twin
  • County Assessment: 23500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Square Footage: 742

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 1490
  • Gas: 2424
  • Insurance: 616
  • Trash Removal: 352
  • Water Sewer: 906

Condo/Co-op/Association

  • Maintenance Repair: 540

Fee Information

  • Operating Expense: 7049

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.046
  • Lot Sq Ft: 2000
  • Zoning Code: RM-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P7SW1C 1 7 0204
  • County Taxes: 253.80
  • Municipal Taxes: 449.79
  • Total Taxes: 2060.95

Multi Family

  • School Taxes: 1357.36
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
May 20, 2022
Sold by
Wannian Homes Llc
Bought by
Persaud Kevin
Seller's Agent
Jie Floyd
Floyd Realty
Buyer's Agent
Gary Elbert
Bellman & Radcliff
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$205,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,158
Avg. Annual Appreciation
4.45%
Original Mortgage
$123,750
Outstanding Balance
$118,067
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$71,985

Purchase Details

Closed on
Oct 28, 2020
Sold by
Funing Llc
Bought by
Wannian Homes Llc

Purchase Details

Closed on
May 25, 2016
Sold by
Clen Homes Llc
Bought by
Funing Llc

Purchase Details

Closed on
Mar 30, 2011
Sold by
Heilman Mary Ann and Pastelyak Andrew J
Bought by
Clen Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,420
Interest Rate
4.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2002
Bought by
Heilman Mary Ann
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
Persaud Kevin $165,000 Parkland Abstract
Wannian Homes Llc -- None Available
Funing Llc $85,000 None Available
Clen Homes Llc $38,000 None Available
Heilman Mary Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Persaud Kevin $123,750
Previous Owner Clen Homes Llc $46,420
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2022 05/19/22 Sold $165,000 0.0% $222 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $165,000 -- $222 / 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 $254 $23,500 $5,600 $17,900
2024 $2,077 $23,500 $5,600 $17,900
2023 $2,077 $23,500 $5,600 $17,900
2022 $2,061 $23,500 $5,600 $17,900
2021 $2,047 $23,500 $5,600 $17,900
2020 $2,028 $23,500 $5,600 $17,900
2019 $2,021 $23,500 $5,600 $17,900
2018 $1,972 $23,500 $5,600 $17,900
2017 $1,948 $23,500 $5,600 $17,900
2016 -- $23,500 $5,600 $17,900
2015 -- $23,500 $5,600 $17,900
2014 -- $23,500 $5,600 $17,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 690854

Greater Lehigh Valley REALTORS®

APN: P7SW1C-1-7-0204