NOT LISTED FOR SALE

1832 Freemansburg Ave Easton, PA 18042

Estimated Value: $164,000 - $200,000

1 Bed
1 Bath
2,934 Sq Ft
$61/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $485,000 $165 Per Sq Ft

Current estimated payment $964/month

72 Days on Market

Highlights

  • 0.14 Acre Lot
  • Forced Air Heating and Cooling System
  • Garage
  • Wilson Area High School Rated A-
  • Ceiling Fan
  • 3-minute walk to Louis Niko Community Park

About This Home

As of May 2022

This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase “Compact, Economical & Profitable”? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!

Last Agent to Sell the Property

Nathan Guttman

Keller Williams Allentown License #RS284327 Listed on: 01/03/2022

Keller Williams Allentown

Co-Listed By

David Emili Jr

Coldwell Banker Hearthside License #RS316162

Last Buyer's Agent

Sanju Sembhi

Keller Williams Northampton

Keller Williams Northampton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,321

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number L9SW3A 15 1B 0837

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $1,685
  • Other Expense $2,808
  • Operating Expense $10,089
  • Gross Income $56,100
  • Net Operating Income $43,163

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,321

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 24800.00
  • Stories: 2.0
  • Street Number Modifier: 34
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Square Footage: 2934

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: Ceiling Fan, Central AC, No Air, Wall AC, Window AC
  • Heat Type: Electric, Forced Air, Gas, Heat Pump
  • Sewer: Public
  • Water: Public
  • Insurance: 1800

Condo/Co-op/Association

  • Lawn Snow Removal: 280
  • Maintenance Repair: 1685

Fee Information

  • Operating Expense: 10089

Schools

  • School District: Wilson

Lot Info

  • Acres: 0.140
  • Lot Sq Ft: 6098
  • Zoning Code: C-2 General Commercial

Rental Info

  • Other Expenses: 2808

Tax Info

  • Assessor Parcel Number: L9SW3A 15 1B 0837
  • County Taxes: 267.84
  • Municipal Taxes: 582.80
  • Total Taxes: 2320.61

Multi Family

  • School Taxes: 1469.97
  • Total Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
Zeron Rolando and Zeron Christian
Bought by
Zeron Rolando
Current Estimated Value
$177,667

Purchase Details

Closed on
Feb 8, 2018
Sold by
Burgio Samuel D and Burgio Judith M
Bought by
Zeron Rolando and Zeron Christian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$293,349
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$115,682
Source: Public Records

Range of Values:

Collateral Analytics

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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
Zeron Rolando -- Penn Star Land Transfer Llc
Zeron Rolando $460,000 Penn Star Land Transfer Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeron Rolando $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $485,000 -3.0% $165 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
01/26/2022 01/26/22 Price Changed $500,000 -9.1% $170 / Sq Ft
01/03/2022 01/03/22 For Sale $550,000 -- $187 / 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 $268 $24,800 $4,500 $20,300
2024 $2,385 $24,800 $4,500 $20,300
2023 $2,328 $24,800 $4,500 $20,300
2022 $2,321 $24,800 $4,500 $20,300
2021 $2,281 $24,800 $4,500 $20,300
2020 $2,256 $24,800 $4,500 $20,300
2019 $2,216 $24,800 $4,500 $20,300
2018 $2,111 $24,800 $4,500 $20,300
2017 $2,068 $24,800 $4,500 $20,300
2016 -- $24,800 $4,500 $20,300
2015 -- $24,800 $4,500 $20,300
2014 -- $24,800 $4,500 $20,300
Source: Public Records

Agents Affiliated with this Home

  • Nathan Guttman

    Seller's Agent in 2022

    Nathan Guttman

    Keller Williams Allentown

    (484) 357-4152

    1 in this area

    136 Total Sales

    Nathan Guttman
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    David Emili Jr

    Coldwell Banker Hearthside

    (610) 653-5022

    1 in this area

    54 Total Sales

    David Emili Jr
    Section Image
  • Sanju Sembhi

    Buyer's Agent in 2022

    Sanju Sembhi

    Keller Williams Northampton

    (610) 428-3888

    22 in this area

    195 Total Sales

    Sanju Sembhi
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 685005

Greater Lehigh Valley REALTORS®

APN: L9SW3A-15-1B-0837

Pennsylvania Northampton County Easton 18042

1832 Freemansburg Ave, Easton, PA

This home is located at 1832 Freemansburg Ave, Easton, PA 18042 since 03 January 2022 and is currently estimated at $177,667, approximately $60 per square foot. This property was built in 1900. 1832 Freemansburg Ave is a home located in Northampton County with nearby schools including Wilson Area High School, Easton Arts Academy Elementary Cs, and St Jane Frances De Chantal 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.
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