NOT LISTED FOR SALE

1622 W Tilghman St Allentown, PA 18102

West End Allentown Neighborhood

Estimated Value: $170,495 - $202,000

3 Beds
1 Bath
1,015 Sq Ft
$183/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $170,000 $167 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,125/month

10 Days on Market

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.

Last Agent to Sell the Property

Juan Morales

HomeStarr Realty Listed on: 08/20/2023

HomeStarr Realty

Last Buyer's Agent

Jamie Mitchell

IronValley RE of Lehigh Valley License #RS340927

IronValley RE of Lehigh Valley

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,706

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row/Townhouse
  • County Assessment: 56200.00
  • Stories: 2.5
  • Street Number Modifier: 1/2
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Square Footage: 1015

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Window ACs
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 900
  • Water Sewer: 1024

Condo/Co-op/Association

  • Maintenance Repair: 250

Fee Information

  • Operating Expense: 2174

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.018
  • Lot Sq Ft: 802
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549741472550001

Multi Family

  • Total Units: 1
  • Total Unit Count: 1

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2011
Sold by
Telega Robert
Bought by
Penrose Jason
Current Estimated Value
$185,374

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
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
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 Penrose Jason $74,800
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

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 $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

    (484) 904-8722

    6 in this area

    65 Total Sales

    Juan Morales
    Section Image

  • J

    Buyer's Agent in 2023

    Jamie Mitchell

    IronValley RE of Lehigh Valley

    (484) 695-0222

    2 in this area

    25 Total Sales

    Jamie Mitchell
    Section Image
  • Jonathan Campbell

    Seller's Agent in 2020

    Jonathan Campbell

    Real of Pennsylvania

    (610) 756-2090

    41 in this area

    1,378 Total Sales

    Jonathan Campbell
    Section Image
  • Cindy Lapp

    Seller Co-Listing Agent in 2020

    Cindy Lapp

    Real of Pennsylvania

    (717) 725-4223

    14 in this area

    324 Total Sales

    Cindy Lapp
    Section Image

  • O

    Buyer's Agent in 2020

    Obed Nkealah

    Mountain Top Real Estate

    (610) 570-1297

    1 in this area

    13 Total Sales

    Obed Nkealah
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 722664

Greater Lehigh Valley REALTORS®

APN: 549741473574-1

Pennsylvania Lehigh County Allentown 18102 West End Allentown

1622 W Tilghman St, Allentown, PA

This home is located at 1622 W Tilghman St, Allentown, PA 18102 since 20 August 2023 and is currently estimated at $185,374, approximately $182 per square foot. This property was built in 1916. 1622 W Tilghman St is a home located in Lehigh County with nearby schools including Muhlenberg Elementary School, Trexler Middle School, and William Allen High School.

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.

Greater Lehigh Valley REALTORS® 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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