Seller's Agent in 2024
James Reardon
eXp Commercial
(484) 866-2495
7 in this area
37 Total Sales
214-216 W Ridge St Lansford, PA 18232
Estimated Value: $141,000 - $387,000
--
Bed
2
Baths
--
Sq Ft
1,742
Sq Ft Lot
Highlights
- Colonial Architecture
- Electric Baseboard Heater
- Gray Water System
- More Than Two Accessible Exits
About This Home
As of April 202410.23% CAP @ asking, $44,100 Actual Gross Income, $34K Net Income. 214 - 216 W Ridge features 4 residential units with one bedroom each. Some units are being renovated with new flooring, appliances, and updates. This property has stunning curb appeal, and gorgeous mountain views, and is located next to a BRAND-NEW St. Luke's Hospital Facility as well as many other main street businesses. Updated & pristine roof (Please look at the aerial image of the roof). This property can be purchased individually or along with 30+ other units being sold by the same seller. Minutes away from highways, shopping, and located near a police station and a church. Acceptable offers within 10% of the asking price at or above $325,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer.
Last Agent to Sell the Property
eXp Commercial License #RS342638 Listed on: 02/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,887
Year Built
- Built in 1900
Lot Details
- 1,742
Parking
- On-Street Parking
Home Design
- Quadruplex
- Colonial Architecture
- Stone Foundation
- Advanced Framing
- Aluminum Siding
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- More Than Two Accessible Exits
- Gray Water System
- 1,742 Sq Ft Lot
Listing and Financial Details
- The owner pays for insurance, management, sewer, real estate taxes, water
- Assessor Parcel Number 122A1-25-C15.01
Community Details
Overview
- 4 Units
Building Details
- Income includes apartment rentals, laundry
- Insurance Expense $1,500
- Maintenance Expense $1,000
- Manager Expense $4,000
- Trash Expense $650
- Operating Expense $10,210
- Net Operating Income $34,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2024
Closed on
Apr 29, 2024
Sold by
Lehigh Vly Pvt Eqity Fund Llc
Bought by
Samst01 Llc
Seller's Agent
James Reardon
eXp Commercial
Buyer's Agent
James Reardon
eXp Commercial
List Price
$335,000
Sold Price
$335,000
Views
24
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
-$74,480
Avg. Annual Appreciation
-11.95%
Original Mortgage
$232,500
Outstanding Balance
$230,017
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving
Estimated Equity
$52,798
Purchase Details
Listed on
Apr 25, 2023
Closed on
May 29, 2023
Sold by
Faenza David K
Bought by
Lehigh Valley Private Equity Fund Llc
Seller's Agent
Lisa Lapos
Priority One Real Estate Team, LLC
Buyer's Agent
(Lehigh) GLVR Member
NON MEMBER
List Price
$229,900
Sold Price
$190,000
Premium/Discount to List
-$39,900
-17.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.23%
Purchase Details
Closed on
Nov 22, 1985
Bought by
Faenza David K
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Samst01 Llc | $335,000 | Steel Abstract | |
| Lehigh Valley Private Equity Fund Llc | $190,000 | Imagine Abstract | |
| Faenza David K | $10,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Samst01 Llc | $232,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2024 04/26/24 | Sold | $335,000 | 0.0% | -- |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 02/17/2024 02/17/24 | For Sale | $335,000 | +76.3% | -- |
| 05/26/2023 05/26/23 | Sold | $190,000 | -17.4% | $77 / Sq Ft |
| 04/25/2023 04/25/23 | For Sale | $229,900 | -- | $93 / Sq Ft |
| 04/18/2023 04/18/23 | Pending | -- | -- | -- |
Source: Bright MLS
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 | $7,249 | $66,600 | $4,250 | $62,350 |
| 2024 | $4,519 | $39,501 | $4,250 | $35,251 |
| 2023 | $2,887 | $25,400 | $4,250 | $21,150 |
| 2022 | $2,909 | $25,400 | $4,250 | $21,150 |
| 2021 | $2,909 | $25,400 | $4,250 | $21,150 |
| 2020 | $2,865 | $25,400 | $4,250 | $21,150 |
| 2019 | $2,725 | $25,400 | $4,250 | $21,150 |
| 2018 | $2,700 | $25,400 | $4,250 | $21,150 |
| 2017 | $2,666 | $25,400 | $4,250 | $21,150 |
| 2016 | -- | $25,400 | $4,250 | $21,150 |
| 2015 | -- | $25,400 | $4,250 | $21,150 |
| 2014 | -- | $25,400 | $4,250 | $21,150 |
Source: Public Records
Agents Affiliated with this Home
-
James Reardon
-
Lisa Lapos
Seller's Agent in 2023
Lisa Lapos
Priority One Real Estate Team, LLC
(610) 392-3437
32 in this area
206 Total Sales
-
(
Buyer's Agent in 2023
(Lehigh) GLVR Member
NON MEMBER
Map
Source: Bright MLS
MLS Number: PACC2003696
APN: 122A1-25-C15.01
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