NOT LISTED FOR SALE

18 S 2nd St Bangor, PA 18013

Estimated Value: $318,000 - $325,000

5 Beds
4 Baths
2,616 Sq Ft
$123/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $150,000 $57 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,809/month

28 Days on Market

Highlights

  • Balcony
  • Baseboard Heating
  • Storm Doors
  • Commercial or Retail Space

About This Home

As of September 2016

This fabulous investment property has 4 units, which are all currently rented. Each unit has 1 bedroom and a full bath with living room and kitchen. One unit also has a walk-through bedroom. All have been regularly maintained and are in great condition, as well as the exterior of the building. Located on a quiet street, this investment property also has 3 spaces for off street parking. Priced to sell, this is one investment property that you won't want to miss!

Last Agent to Sell the Property

Dean Carnes

Coldwell Banker Hearthside Listed on: 07/02/2016

Coldwell Banker Hearthside

Last Buyer's Agent

Brick Quinn

RE/MAX of the Poconos

RE/MAX of the Poconos

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 3,900

Home Design

  • Commercial or Retail Space

Interior Spaces

  • 2,616 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 3 Parking Spaces
  • Unpaved Parking
  • Off-Site Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Shared Water Source
  • Cable TV Available

Additional Features

  • Balcony
  • 3,900 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number E9NE2D 4 5 0102

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $34,212
  • Net Operating Income $23,650

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 56700.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Storm Doors
  • Bathrooms: Modern, Semi Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Square Footage: 2616

Exterior Features

  • Construction: Aluminum

Garage/Parking

  • Parking: Off Site, Unpaved Lot
  • Parking Spaces: 3

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Gas, Hot Water, Radiant
  • Sewer: Public
  • Water: Shared

Schools

  • School District: Bangor

Lot Info

  • Acres: 0.090
  • Lot Sq Ft: 3900
  • Zoning Code: R-78

Tax Info

  • Assessor Parcel Number: E9NE2D 4 5 0102
  • County Taxes: 612.36
  • Municipal Taxes: 1039.31
  • Total Taxes: 4847.28

Multi Family

  • School Taxes: 3195.61
  • Total Units: 4

MLS Schools

  • School District: Bangor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2023
Sold by
Goffredo & Jones Properties Llc
Bought by
Psp Realty Holdings Llc
Current Estimated Value
$322,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$487,088
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
-$166,088

Purchase Details

Listed on
Jul 2, 2016
Closed on
Sep 23, 2016
Sold by
Krout Karl T and Krout Michael J
Bought by
Goffredo & Jones Properties Llc
Seller's Agent
Dean Carnes
Coldwell Banker Hearthside
Buyer's Agent
Brick Quinn
RE/MAX of the Poconos
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$112,500
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 1987
Sold by
Krout Karl T and Krout Michael J
Bought by
Krout Karl T and Krout Michael J

Purchase Details

Closed on
Sep 1, 1985
Bought by
Krout Karl T and Krout Michael 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
Psp Realty Holdings Llc $266,000 --
Goffredo & Jones Properties Llc $150,000 None Available
Krout Karl T $100,000 --
Krout Karl T $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Psp Realty Holdings Llc $500,000
Previous Owner Goffredo & Jones Properties Llc $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2016 09/23/16 Sold $150,000 -6.2% $57 / Sq Ft
07/30/2016 07/30/16 Pending -- -- --
07/02/2016 07/02/16 For Sale $159,900 -- $61 / 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 $612 $56,700 $14,700 $42,000
2024 $4,906 $56,700 $14,700 $42,000
2023 $4,847 $56,700 $14,700 $42,000
2022 $4,833 $56,700 $14,700 $42,000
2021 $4,874 $56,700 $14,700 $42,000
2020 $13,575 $56,700 $14,700 $42,000
2019 $4,730 $56,700 $14,700 $42,000
2018 $4,681 $56,700 $14,700 $42,000
2017 $4,622 $56,700 $14,700 $42,000
2016 -- $56,700 $14,700 $42,000
2015 -- $56,700 $14,700 $42,000
2014 -- $56,700 $14,700 $42,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 525214

Greater Lehigh Valley REALTORS®

APN: E9NE2D-4-5-0102