NOT LISTED FOR SALE

205 N Main St Bangor, PA 18013

Estimated Value: $454,626

9 Beds
7 Baths
7,084 Sq Ft
$64/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $460,000 $65 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,466/month

6 Days on Market

Highlights

  • Central Air
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of November 2022

**6 Unit Investment Opportunity** Well-cared-for residential multi-unit in the heart of Bangor being sold at a 10.7% Cap Rate. This three-story building, zoned for six units, is being sold with its adjacent lot (.59 acres), which allows for tenant parking plus an additional eight spaces that can be rented to neighboring businesses. Landlord pays water, sewer, trash, and heat. Economical gas heat throughout keeps expenses low. Tenant pays electric, which includes hot water. Recent improvements include a complete renovation of the ground floor 2-bedroom apartment. Property is being sold AS-IS with a Conditional CO from the borough. Please note: CAP rate is Based on Bangor area market rents, not the current rents, which are below market value. Many long term tenants, all who want to stay.

Last Agent to Sell the Property

Kathryn Delaney

Valley Star Real Estate Listed on: 12/09/2021

Co-Listed By

Michelle Pietrouchie-Summers

Valley Star Real Estate License #RM424633

Last Buyer's Agent

Kathryn Delaney

Valley Star Real Estate Listed on: 12/09/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,027

Year Built

  • Built in 1900

Lot Details

  • 6,075 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 7,084 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 8 Parking Spaces
  • Unpaved Parking
  • Paved Parking

Utilities

  • Central Air
  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number E9NE2A 5 18 0102

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $895
  • Insurance Expense $3,568
  • Maintenance Expense $1,748
  • Other Expense $535
  • Trash Expense $2,268
  • Water Sewer Expense $5,196
  • Operating Expense $24,434
  • Gross Income $57,000
  • Net Operating Income $32,566

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,027

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
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 70500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape, Wall-to-Wall Carpet
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 9
  • Square Footage: 7084

Exterior Features

  • Construction: Brick, Vinyl

Garage/Parking

  • Parking: Paved Lot, Unpaved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: Central AC, No Air
  • Heat Type: Baseboard, Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 895
  • Gas: 2781
  • Insurance: 3568
  • Trash Removal: 2268
  • Water Sewer: 5196

Condo/Co-op/Association

  • Maintenance Repair: 1748

Fee Information

  • Operating Expense: 24434

Schools

  • School District: Bangor

Lot Info

  • Acres: 0.139
  • Lot Sq Ft: 6075
  • Zoning Code: IL-LIGHT INDUSTRIAL COMMERCIAL

Rental Info

  • Other Expenses: 535

Tax Info

  • Assessor Parcel Number: E9NE2A 5 18 0102
  • County Taxes: 761.40
  • Municipal Taxes: 1292.27
  • Total Taxes: 6027.05

Multi Family

  • School Taxes: 3973.38
  • Total Units: 6
  • Total Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Nov 18, 2022
Sold by
Virginia A Smith Trust
Bought by
Charlotteville Properties Llc
Seller's Agent
Kathryn Delaney
Valley Star Real Estate
Buyer's Agent
Kathryn Delaney
Valley Star Real Estate
List Price
$459,900
Sold Price
$460,000
Premium/Discount to List
$100
0.02%
Views
2
Current Estimated Value
$454,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,374
Avg. Annual Appreciation
-0.40%

Purchase Details

Closed on
Oct 9, 2001
Sold by
Smith Robert P and Smith Virginia A
Bought by
Smith Virginia A Trust & Smith Virginia

Purchase Details

Closed on
Oct 1, 1985
Bought by
Smith Robert P and Smith Virginia A
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
Charlotteville Properties Llc $386,000 --
Smith Virginia A Trust & Smith Virginia -- --
Smith Robert P $80,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $460,000 0.0% $65 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $459,900 -- $65 / 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 $761 $70,500 $15,200 $55,300
2024 $6,100 $70,500 $15,200 $55,300
2023 $6,027 $70,500 $15,200 $55,300
2022 $6,009 $70,500 $15,200 $55,300
2021 $6,060 $70,500 $15,200 $55,300
2020 $16,878 $70,500 $15,200 $55,300
2019 $5,881 $70,500 $15,200 $55,300
2018 $5,820 $70,500 $15,200 $55,300
2017 $5,747 $70,500 $15,200 $55,300
2016 -- $70,500 $15,200 $55,300
2015 -- $70,500 $15,200 $55,300
2014 -- $70,500 $15,200 $55,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathryn Delaney

    Valley Star Real Estate

    (610) 442-2845

    1 in this area

    22 Total Sales

    Kathryn Delaney
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Michelle Pietrouchie-Summers

    Valley Star Real Estate

    (610) 428-9517

    1 in this area

    55 Total Sales

    Michelle Pietrouchie-Summers
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 684245

Greater Lehigh Valley REALTORS®

APN: E9NE2A-5-18-0102

Pennsylvania Northampton County Bangor 18013

205 N Main St, Bangor, PA

This home is located at 205 N Main St, Bangor, PA 18013 since 09 December 2021 and is currently estimated at $454,626, approximately $64 per square foot. This property was built in 1900. 205 N Main St is a home located in Northampton County with nearby schools including Bangor Area High School, Immaculate Conception School, and Faith Christian 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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