NOT LISTED FOR SALE

Estimated Value: $122,173

-- Bed
-- Bath
1,440 Sq Ft
$85/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $78,000 $54 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $813/month

75 Days on Market

About This Home

As of October 2019

Unique opportunity to own 10 block garages in Allentown. Garages are in good condition with long term tenants. Owner is currently renting units between $75 and $95 per month. Similar garages in the area are renting for $120, so the income may potentially be increased. Maintenance free.

Last Agent to Sell the Property

Chris Schlosser

Real Estate of America Listed on: 07/01/2019

Last Buyer's Agent

Julius Ewungkem

TSB Property

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,446

Year Built

  • Built in 1986

Lot Details

  • 4,400

Home Design

  • 1,440 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction

Parking

  • 10 Car Garage
  • Leased Parking

Additional Features

  • Lot Dimensions are 40x100
  • No Cooling

Listing and Financial Details

  • Assessor Parcel Number 640762946767001

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $45
  • Insurance Expense $600
  • Operating Expense $2,000
  • Gross Income $9,900
  • Net Operating Income $7,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,446

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 38400.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1986
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Square Footage: 1440

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage, Rented
  • Parking Spaces: 10

Utilities

  • Cooling: No Air
  • Electric: 45
  • Insurance: 600

Fee Information

  • Operating Expense: 2000

Schools

  • School District: Allentown

Lot Info

  • Lot Dimensions: 40x100
  • Zoning Code: PA077

Tax Info

  • Assessor Parcel Number: 640762946767001
  • Total Taxes: 1446.00

Multi Family

  • Total Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2019
Closed on
Oct 9, 2019
Sold by
Schlosser Christopher and Schlosser Krissa
Bought by
Fosam Emmanuel Bekia
Seller's Agent
Chris Schlosser
Real Estate of America
Buyer's Agent
Julius Ewungkem
TSB Property
List Price
$89,000
Sold Price
$78,000
Premium/Discount to List
-$11,000
-12.36%
Total Days on Market
75
Current Estimated Value
$122,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,173
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
Nov 13, 2015
Sold by
Fatzinger Judith A
Bought by
Schlosser Christopher and Schlosser Krissa

Purchase Details

Closed on
Dec 23, 2003
Sold by
Donmoyer John R and Fatzinger Berdell E
Bought by
Fatzinger Berdell E and Fatzinger Judith A

Purchase Details

Closed on
Jan 27, 1986
Bought by
Donmoyer John R and Donmoyer Fatzinger B
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
Fosam Emmanuel Bekia $78,000 Abe Settlement Services
Schlosser Christopher $47,000 Attorney
Fatzinger Berdell E -- --
Donmoyer John R $18,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $78,000 -8.2% $54 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $85,000 -2.3% $59 / Sq Ft
07/30/2019 07/30/19 Price Changed $87,000 -2.2% $60 / Sq Ft
07/01/2019 07/01/19 For Sale $89,000 -- $62 / 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 $1,564 $38,400 $19,800 $18,600
2024 $1,564 $38,400 $19,800 $18,600
2023 $1,564 $38,400 $19,800 $18,600
2022 $1,520 $38,400 $18,600 $19,800
2021 $1,496 $38,400 $19,800 $18,600
2020 $1,465 $38,400 $19,800 $18,600
2019 $1,446 $38,400 $19,800 $18,600
2018 $1,305 $38,400 $19,800 $18,600
2017 $1,279 $38,400 $19,800 $18,600
2016 -- $38,400 $19,800 $18,600
2015 -- $38,400 $19,800 $18,600
2014 -- $38,400 $19,800 $18,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 614875

Greater Lehigh Valley REALTORS®

APN: 640762946767-1