NOT LISTED FOR SALE

Estimated Value: $450,337

3 Beds
7 Baths
-- Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: February 28, 2019

Last sale price $290,000

Est. 55% increase in value since last sale

Current estimated payment $2,798 / mo

135 Days on Market

About This Home

As of February 2019

This fully rented multi-unit consists of 5 apartments and 2 store-fronts with 2 units having been renovated within the last year, 2 within the last three years, and the remaining 3 within the last 5 – 10 years. Updates include upgraded insulation, updated kitchens, baths, electric, and plumbing, and the conversion of 1 unit to meet the standards of being 100% handicap accessible. In addition, the walkway roof on the side of the building was replaced last year and the majority of the exterior has recently been re-painted. Don't wait too long to make your appointment.... Palmerton multi-unit properties are a rare find. Call Today.

Last Agent to Sell the Property

Cass Chies

Diamond 1st Real Estate, LLC License #RM423947 Listed on: 10/08/2018

Last Buyer's Agent

(Not a member of any Non-Realtor

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,953

Year Built

  • Built in 1907

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 20 x 190

Parking

  • 6 Parking Spaces

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 2-Story Property
  • Basement

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 42A-48-K6, 42A-48-K7

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $300
  • Insurance Expense $2,989
  • Maintenance Expense $2,337
  • Trash Expense $840
  • Operating Expense $17,771
  • Gross Income $49,800
  • Net Operating Income $32,029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,953

Year Built

Built in 1907

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Directions: Take Palmerton exit from 248 onto Delaware Ave. Apartment building is on Right.
  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • Building Stories: 2
  • Year Built: 1907
  • PropertySubType: Multi Family
  • Lot Size Acres: 0.09
  • Co List Office Phone: 610-900-4300
  • MLS Status: Closed
  • Subdivision Name: None
  • Location Tax and Legal Parcel Number2: 42A-48-K6, 42A-48-K7
  • Location Tax and Legal School Tax Amount2: 4290.0
  • Location Tax and Legal Tax Annual Amount2: 5953.0
  • Location Tax and Legal Zoning Description2: Multi-Family
  • General Property Information Stories2: 2
  • General Property Information Lot Size Acres: 0.09
  • General Property Information Lot Size Dimensions: 20 x 190
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • General Property Information Basement YN: Yes
  • Water Source:Public: Yes
  • Sewer:Public Sewer: Yes
  • Cooling None4: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Income And Expenses Operating Expense: 17771.0
  • Cooling Separate Meters: Yes
  • Income And Expenses Maintenance Expense: 2337.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick, See Remarks
  • Construction Materials:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Information:Parking Total: 6.0

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Separate Meters, None
  • Heating: Baseboard, Electric, Natural Gas, Separate Meters
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes
  • Heating:Separate Meters2: Yes

Lot Info

  • Lot Dimensions: 20 x 190
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • Parcel Number: 42A-48-K6, 42A-48-K7
  • Zoning Description: Multi-Family

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 5953.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Feb 28, 2019
Sold by
Bought by
Seller's Agent
Cass Chies
Diamond 1st Real Estate, LLC
Buyer's Agent
(Not a member of any Non-Realtor
NON MEMBER
List Price
$325,000
Sold Price
$290,000
Premium/Discount to List
-$35,000
-10.77%
Current Estimated Value
$450,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,337
Original Mortgage
$200,000
Interest Rate
0.044%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
0.0575%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
0.0578%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$290,000 None Available
$257,500 None Available
$200,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $200,000
Previous Owner $206,000
Previous Owner $160,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $290,000 -10.8% --
01/23/2019 01/23/19 Pending -- -- --
09/10/2018 09/10/18 For Sale $325,000 -- --
Source: Pocono Mountains Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,896 $39,200 $13,800 $25,400
2025 $3,896 $39,200 $13,800 $25,400
2024 $3,594 $39,200 $13,800 $25,400
2023 $3,486 $39,200 $13,800 $25,400
2022 $3,378 $39,200 $13,800 $25,400
2021 $3,246 $39,200 $13,800 $25,400
2020 $3,167 $39,200 $13,800 $25,400
2019 $3,089 $39,200 $13,800 $25,400
2018 $3,089 $39,200 $13,800 $25,400
2017 $3,040 $39,200 $13,800 $25,400
2016 -- $39,200 $13,800 $25,400
2015 -- $39,200 $13,800 $25,400
2014 -- $39,200 $13,800 $25,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-62252

Pocono Mountains Association of REALTORS®

APN: 42A-48-K6

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