202 E Hamilton St Allentown, PA 18109
Rittersville Neighborhood
5
Beds
4
Baths
4,393
Sq Ft
8,799
Sq Ft Lot
Highlights
- Commercial or Retail Space
- Forced Air Heating and Cooling System
- Baseboard Heating
About This Home
As of October 2024Here’s your chance to be a part of Allentown's revitalization. This investment opportunity with a solid 8% CAP consists of 4 Fully Renovated Units - (1) 2 Bedroom 1 Bath Residential Units, (1) 3 Bedroom 1 Bath Residential Units and (2) Commercial Units (Barbershop & Clothing Store) with off street parking lot in rear. The entire building has been luxuriously renovated featuring recessed lighting, new flooring, new windows, quartz countertops - all units have separate utilities. The residential units have electric heat and hot water and electric ranges - all units have separate utilities. The commercial units have electric heat pumps and central ac. The property has frontage facing East Hamilton which is a main thoroughfares into and out of downtown Allentown. The building is being sold fully leased with a Clear CO. Just a few blocks from over 1 Billion Dollars of development including, Iron Pigs Stadium, the new Divinci Science Center, PPL Event Center, Archer Music Hall, Moxy Hotel, Restaurants, Retail, Nightlife, and so much more. Residents will enjoy easy access to all the amenities the area has to offer. This property is a must see!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,230
Year Built
- 1930
Lot Details
- 8,799 Sq Ft Lot
- Lot Dimensions are 40 x 220
Parking
- 12 Parking Spaces
Home Design
- Commercial or Retail Space
- Mixed Use
- Brick Exterior Construction
Interior Spaces
- 4,393 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 640762843498001
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $18,092
- Gross Income $99,600
- Net Operating Income $77,128
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2024
Closed on
Oct 28, 2024
Sold by
Concord Development Property Corp
Bought by
Allen Hamilton Llc
Seller's Agent
Andrew Ginsburg
BHHS Regency Real Estate
Buyer's Agent
Saman Chaudhry
Keller Williams Northampton
List Price
$950,000
Sold Price
$860,000
Premium/Discount to List
-$90,000
-9.47%
Total Days on Market
122
Views
210
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,246
Avg. Annual Appreciation
-2.13%
Original Mortgage
$645,000
Outstanding Balance
$598,536
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Estimated Equity
$250,218
Purchase Details
Closed on
Oct 10, 2023
Sold by
Le Hung
Bought by
Concord Development Property Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.18%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 29, 2006
Sold by
Ceasar Babriel Inc
Bought by
Le Hung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.52%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 6, 2000
Sold by
Dhl Associates Inc
Bought by
Ceasar Gabriel Inc
Purchase Details
Closed on
Apr 8, 1998
Sold by
The New Tripoli National Bank
Bought by
Dhl Associates Inc
Purchase Details
Closed on
Feb 10, 1998
Sold by
The Loyal Order Of Moose Lodge #129
Bought by
The New Tripoli National Bank
Purchase Details
Closed on
Nov 1, 1976
Bought by
Loyal Order Of Moose Lodge #129
Similar Homes in Allentown, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $860,000 | Experience Land Services | |
| Deed | $275,000 | None Listed On Document | |
| Deed | $208,000 | Abc Title Insurance | |
| Deed | $175,000 | -- | |
| Deed | $20,000 | -- | |
| Sheriffs Deed | -- | -- | |
| Deed | $38,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $645,000 | Credit Line Revolving | |
| Previous Owner | $235,000 | Seller Take Back | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $68,100 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/28/2024 10/28/24 | Sold | $860,000 | -4.4% | $196 / Sq Ft |
| 09/20/2024 09/20/24 | Pending | -- | -- | -- |
| 06/27/2024 06/27/24 | Price Changed | $899,900 | -5.3% | $205 / Sq Ft |
| 05/21/2024 05/21/24 | For Sale | $950,000 | -- | $216 / 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 | $7,230 | $209,700 | $39,600 | $170,100 |
| 2024 | $7,230 | $209,700 | $39,600 | $170,100 |
| 2023 | $7,230 | $209,700 | $39,600 | $170,100 |
| 2022 | $6,991 | $209,700 | $170,100 | $39,600 |
| 2021 | $6,860 | $209,700 | $39,600 | $170,100 |
| 2020 | $6,692 | $209,700 | $39,600 | $170,100 |
| 2019 | $6,590 | $209,700 | $39,600 | $170,100 |
| 2018 | $6,092 | $209,700 | $39,600 | $170,100 |
| 2017 | $5,946 | $209,700 | $39,600 | $170,100 |
| 2016 | -- | $209,700 | $39,600 | $170,100 |
| 2015 | -- | $209,700 | $39,600 | $170,100 |
| 2014 | -- | $209,700 | $39,600 | $170,100 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Ginsburg
Seller's Agent in 2024
Andrew Ginsburg
BHHS Regency Real Estate
(610) 349-6644
7 in this area
273 Total Sales
-
Saman Chaudhry
Buyer's Agent in 2024
Saman Chaudhry
Keller Williams Northampton
(610) 457-2151
3 in this area
183 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 738100
APN: 640762843498-1
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Information is deemed reliable but not guaranteed.
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