NOT LISTED FOR SALE

218 Delaware Ave Palmerton, PA 18071

Estimated Value: $844,542

3 Beds
1 Bath
8,726 Sq Ft
$97/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $612,500 $70 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,558/month

126 Days on Market

Highlights

  • 0.36 Acre Lot
  • Central Air
  • 4-minute walk to Palmerton Park
  • Commercial or Retail Space
  • Heating Available

About This Home

As of May 2021

10.63% CAP. 11-unit, mixed-use property with St. Luke's Physician Group as anchor tenant. Additional rentals include a 2-bedroom apartment and 9 garage rentals. SLPG occupies 70% of the 6,134 square foot building and has approximately 3.8 years remaining on the initial term with (2) 3-year renewal options. Tenant is responsible for CAM charges and lease has rental increases every 2 years. The additional 2,592 square foot garage building consist of 9 rental units.

Last Agent to Sell the Property

Daniel Perich

KW Commercial - Stroudsburg License #RM425687 Listed on: 10/26/2020

KW Commercial - Stroudsburg

Last Buyer's Agent

David Ribardo

Keller Williams Allentown

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,907

Year Built

  • Built in 1907

Lot Details

  • 0.36 Acre Lot

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Frame Construction

Interior Spaces

  • 8,726 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Unpaved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 42A-48-K5

Community Details

Overview

  • 11 Units

Building Details

  • Gross Income $101,517
  • Net Operating Income $69,008

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,907

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • County Assessment: 119810.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Square Footage: 8726

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public

Schools

  • School District: Palmerton

Lot Info

  • Acres: 0.360
  • Lot Sq Ft: 15682
  • Zoning Code: CD

Tax Info

  • Assessor Parcel Number: 42A-48-K5

Multi Family

  • Total Units: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2020
Closed on
May 2, 2021
Sold by
Shadick Cherly S Lipson and Shadick Richard
Bought by
Silent Owl Real Estate Llc
Seller's Agent
Daniel Perich
KW Commercial - Stroudsburg
Buyer's Agent
David Ribardo
Keller Williams Allentown
List Price
$739,000
Sold Price
$612,500
Premium/Discount to List
-$126,500
-17.12%
Current Estimated Value
$844,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,042
Avg. Annual Appreciation
7.72%
Original Mortgage
$460,000
Outstanding Balance
$417,760
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$426,782

Purchase Details

Closed on
Jan 17, 2012
Sold by
Shadick Cheryl S Lipson
Bought by
Shadick Cheryl S Lipson and Shadick Richard

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
3.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silent Owl Real Estate Llc $612,500 Keystone Premier Stlmt Svcs
Shadick Cheryl S Lipson -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silent Owl Real Estate Llc $460,000
Previous Owner Shadick Cheryl S Lipson $150,000
Previous Owner Lipson Cheryl S $95,000
Previous Owner Lipson Md Cheryl S $25,909
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $612,500 -5.6% $70 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
12/12/2020 12/12/20 Price Changed $649,000 -12.2% $74 / Sq Ft
10/26/2020 10/26/20 For Sale $739,000 -- $85 / 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 $11,907 $119,810 $17,100 $102,710
2024 $10,985 $119,810 $17,100 $102,710
2023 $10,655 $119,810 $17,100 $102,710
2022 $10,324 $119,810 $17,100 $102,710
2021 $9,920 $119,810 $17,100 $102,710
2020 $9,681 $119,810 $17,100 $102,710
2019 $9,441 $119,810 $17,100 $102,710
2018 $9,441 $119,810 $17,100 $102,710
2017 $9,291 $119,810 $17,100 $102,710
2016 -- $119,810 $17,100 $102,710
2015 -- $119,810 $17,100 $102,710
2014 -- $119,810 $17,100 $102,710
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Perich

    KW Commercial - Stroudsburg

    Section Image

  • D

    Buyer's Agent in 2021

    David Ribardo

    Keller Williams Allentown

    (609) 651-2558

    1 in this area

    112 Total Sales

    David Ribardo
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 652271

Greater Lehigh Valley REALTORS®

APN: 42A-48-K5

Pennsylvania Carbon County Palmerton 18071

218 Delaware Ave, Palmerton, PA

This home is located at 218 Delaware Ave, Palmerton, PA 18071 since 26 October 2020 and is currently estimated at $844,542, approximately $96 per square foot. This property was built in 1907. 218 Delaware Ave is a home located in Carbon County with nearby schools including Palmerton Area High School and St. John Neumann Regional 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.

Nearby Homes