NOT LISTED FOR SALE

Estimated Value: $544,000 - $1,039,000

20 Beds
11 Baths
8,684 Sq Ft
$92/Sq Ft Est. Value

Last Sold August 23, 2013

Last sale price $375,000 $43 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,284/month

34 Days on Market

About This Home

As of August 2013

Great investment property. Look at interior pictures, nice condition and easy to rent. Tenants pay their own expenses; heat and electric. Off street parking for 21 cars, nice location, close to shopping, walking areas, Lehigh River, playground and sports fields. Good return on investment nice opportunity to buy 11 unit apartment complex in good location.

Last Listed By

Doug Frederick

HowardHanna TheFrederickGroup Listed on: 05/17/2013

HowardHanna TheFrederickGroup

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,850

Year Built

  • Built in 1900

Lot Details

  • 10,585

Home Design

  • Brick or Stone Veneer

Interior Spaces

  • 8,684 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 11 Full Bathrooms

Parking

  • 21 Parking Spaces
  • Unpaved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number J2SW1A 5 5 1033

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $648
  • Insurance Expense $6,344
  • Maintenance Expense $2,345
  • Trash Expense $1,560
  • Water Sewer Expense $4,800
  • Operating Expense $20,224
  • Gross Income $75,180
  • Net Operating Income $54,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,850

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Complex
  • Technology: Cable
  • County Assessment: 69300.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Supplement Modification Ti: 2013-05-31
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 11
  • Full Bathrooms: 11
  • Bedrooms: 20
  • Square Footage: 8684

Exterior Features

  • Construction: Brickote

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 21

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 648
  • Insurance: 6344
  • Trash Removal: 1560
  • Water Sewer: 4800

Condo/Co-op/Association

  • Maintenance Repair: 2345

Fee Information

  • Operating Expense: 20224

Schools

  • School District: Northern Lehigh

Lot Info

  • Zoning Code: R02

Tax Info

  • Assessor Parcel Number: J2SW1A 5 5 1033
  • County Taxes: 748.44
  • Municipal Taxes: 1334.03
  • Total Taxes: 6850.45

Multi Family

  • School Taxes: 4767.98
  • Total Units: 11
  • Total Unit Count: 11

MLS Schools

  • School District: Northern Lehigh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2013
Closed on
Aug 23, 2013
Sold by
Cass Management Llc
Bought by
Eurocorp Llc
Seller's Agent
Doug Frederick
HowardHanna TheFrederickGroup
Buyer's Agent
Gary Elbert
Bellman & Radcliff
List Price
$375,000
Sold Price
$375,000
Total Days on Market
34
Current Estimated Value
$795,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,606
Avg. Annual Appreciation
6.63%
Original Mortgage
$300,000
Interest Rate
4.51%
Mortgage Type
Commercial

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
Eurocorp Llc $375,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eurocorp Llc $350,000
Closed Eurocorp Llc $300,000
Previous Owner Cass Management Llc $352,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2013 08/23/13 Sold $375,000 0.0% $43 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $375,000 -- $43 / 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 $748 $69,300 $15,200 $54,100
2024 $7,128 $69,300 $15,200 $54,100
2023 $6,850 $69,300 $15,200 $54,100
2022 $6,698 $69,300 $15,200 $54,100
2021 $6,690 $69,300 $15,200 $54,100
2020 $6,726 $69,300 $15,200 $54,100
2019 $6,547 $69,300 $15,200 $54,100
2018 $6,401 $69,300 $15,200 $54,100
2017 $6,492 $69,300 $15,200 $54,100
2016 -- $69,300 $15,200 $54,100
2015 -- $69,300 $15,200 $54,100
2014 -- $69,300 $15,200 $54,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 450908

Greater Lehigh Valley REALTORS®

APN: J2SW1A-5-5-1033