1622 W Tilghman St Allentown, PA 18102
West End Allentown NeighborhoodEstimated Value: $155,808 - $202,000
3
Beds
1
Bath
1,015
Sq Ft
$174/Sq Ft
Est. Value
About This Home
As of October 2023*OFFER ACCEPTED UNDERAGREEMENT* Introducing a Remarkable Investment Opportunity in Allentown, PA! Discover the hidden gem at 1622 1/2 W Tilghman Street, a property that combines superior location, impressive features, and outstanding returns. This tenant-occupied residence presents an exceptional chance to secure your financial future with an impressive 11% cap rate. Nestled in a prime Allentown location, this property boasts easy access to amenities, schools, and transportation. With 3 bedrooms, 1 full bath, and 1 half bath (Bedroom #2 is a walk-through). Whether you're looking to expand your real estate portfolio or make your first investment, this property is an opportunity you won't want to miss. Meticulously maintained and thoughtfully designed, this property is in excellent condition, ensuring that both current and future tenants will enjoy a comfortable and convenient living experience. The investment potential is further highlighted by the impressive 11% cap rate, demonstrating the strong financial prospects that await savvy investors. Don't let this opportunity slip away – seize the chance to add a high-performing asset to your portfolio. Contact us today to schedule a viewing and take the first step towards securing your financial success. Your future starts here! *Note: Seller has ordered the City Inspection, Buyer responsible for any repairs if any.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,706
Year Built
- Built in 1916
Lot Details
- 802 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,015 Sq Ft Home
- 2.5-Story Property
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
Community Details
- Insurance Expense $900
- Maintenance Expense $250
- Water Sewer Expense $1,024
- Operating Expense $2,174
- Gross Income $19,800
- Net Operating Income $17,876
Listing and Financial Details
- Assessor Parcel Number 549741472550001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 28, 2011
Sold by
Telega Robert
Bought by
Penrose Jason
Total Days on Market
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,800
Interest Rate
5.07%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 3, 2008
Sold by
Federal National Mortgage Association
Bought by
Telega Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2006
Sold by
Slifer Harvey R
Bought by
Mcclain Anthony
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,400
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 30, 1997
Sold by
Hillanbrand Edward
Bought by
Slifer Harvey R
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Similar Homes in Allentown, PA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Penrose Jason | $93,500 | -- | |
| Telega Robert | $76,900 | -- | |
| Mcclain Anthony | $90,500 | None Available | |
| Slifer Harvey R | $47,000 | -- | |
| Slifer Harvey R | $47,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rodriguez Yermilin B | $61,100 | |
| Closed | Penrose Jason | $60,000 | |
| Closed | Penrose Jason | $74,800 | |
| Previous Owner | Telega Robert | $61,500 | |
| Previous Owner | Telega Robert | $61,500 | |
| Previous Owner | Mcclain Anthony | $72,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2023 10/13/23 | Sold | $170,000 | +9.7% | $167 / Sq Ft |
| 08/30/2023 08/30/23 | Pending | -- | -- | -- |
| 08/20/2023 08/20/23 | For Sale | $155,000 | +106.7% | $153 / Sq Ft |
| 10/16/2020 10/16/20 | Sold | $75,000 | +7.1% | $74 / Sq Ft |
| 09/18/2020 09/18/20 | Pending | -- | -- | -- |
| 09/15/2020 09/15/20 | For Sale | $70,000 | -- | $69 / 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 | $1,706 | $53,200 | $3,300 | $49,900 |
| 2024 | $1,706 | $53,200 | $3,300 | $49,900 |
| 2023 | $1,706 | $53,200 | $3,300 | $49,900 |
| 2022 | $1,645 | $53,200 | $49,900 | $3,300 |
| 2021 | $1,612 | $53,200 | $3,300 | $49,900 |
| 2020 | $1,569 | $53,200 | $3,300 | $49,900 |
| 2019 | $1,543 | $53,200 | $3,300 | $49,900 |
| 2018 | $1,444 | $53,200 | $3,300 | $49,900 |
| 2017 | $1,406 | $53,200 | $3,300 | $49,900 |
| 2016 | -- | $53,200 | $3,300 | $49,900 |
| 2015 | -- | $53,200 | $3,300 | $49,900 |
| 2014 | -- | $53,200 | $3,300 | $49,900 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Morales
Seller's Agent in 2023
Juan Morales
HomeStarr Realty
(215) 770-0918
5 in this area
62 Total Sales
-
Jamie Mitchell
J
Buyer's Agent in 2023
Jamie Mitchell
IronValley RE of Lehigh Valley
(484) 695-0222
3 in this area
27 Total Sales
-
Jonathan Campbell
Seller's Agent in 2020
Jonathan Campbell
Real of Pennsylvania
(610) 756-2090
45 in this area
1,480 Total Sales
-
Cindy Lapp
Seller Co-Listing Agent in 2020
Cindy Lapp
Real of Pennsylvania
(717) 725-4223
14 in this area
343 Total Sales
-
Obed Nkealah
O
Buyer's Agent in 2020
Obed Nkealah
Mountain Top Real Estate
(610) 570-1297
1 in this area
11 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 722664
APN: 549741473574-1
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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