NOT LISTED FOR SALE

Estimated Value: $461,424

3 Beds
2 Baths
2,720 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $400,000 $147 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,976/month

350 Days on Market

Highlights

  • Wood Flooring
  • Home Security System
  • Central Air
  • Storm Windows
  • Commercial or Retail Space
  • Hot Water Heating System

About This Home

As of January 2023

GREAT OPPORTUNITY!! PROPERTY AND BUSINESS FOR SALE!! Opportunity to own your own fully functioning bar and restaurant. The business has been owned and operated for 30+ years by the same family and comes with PA (R) liquor license, bar equipment, kitchen equipment (like new), large outside deck, walk-in coolers, ice maker, and a parking lot in the rear. Along with seating around the bar, there is space on the 2nd floor for additional seating. Two apartments (1- one-bedroom and 1- two-bedroom) above the bar have been tenant-occupied for over 5 years and bring in additional income. Great location near AAA baseball stadium and future waterfront development. This is a great business opportunity… bring your ideas to explore the potential..!!! Text for an appointment today!!! Garage roof has leak and needs repair. City Pre sale inspection is for information only, buyer responsible for any repairs to get city CO. PLEASE DO NOT DISTURB THE BUSINESS OR ASK QUESTIONS TO ANY EMPLOYEE.

Last Agent to Sell the Property

Preet Bajwa

IronValley RE of Lehigh Valley Listed on: 07/08/2021

IronValley RE of Lehigh Valley

Last Buyer's Agent

Preet Bajwa

IronValley RE of Lehigh Valley Listed on: 07/08/2021

IronValley RE of Lehigh Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,022

Year Built

  • Built in 1900

Lot Details

  • 8,799 Sq Ft Lot
  • Lot Dimensions are 40 x 220
  • Property is zoned B-3-Highway Business

Parking

  • 14 Car Garage

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2,720 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Home Security System
  • Storm Windows
  • Fire and Smoke Detector
  • Fire Escape

Utilities

  • Central Air
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 640762959689 001

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,022

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Detached, Mixed Use
  • Technology: Cable, Security System, Smk Detector Battery
  • County Assessment: 180900.00
  • 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, Hardwood, Storm Windows, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Square Footage: 2720

Exterior Features

  • Construction: Brick, Vinyl

Garage/Parking

  • Parking: Garage, Paved Lot
  • Parking Spaces: 14

Utilities

  • Cooling: Central AC, Window AC
  • Heat Type: Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 575
  • Gas: 185
  • Insurance: 292
  • Trash Removal: 220
  • Water Sewer: 100

Condo/Co-op/Association

  • Lawn Snow Removal: 25
  • Maintenance Repair: 400
  • Management: 3500

Fee Information

  • Operating Expense: 10000

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.202
  • Lot Dimensions: 40 X 220
  • Lot Sq Ft: 8799
  • Zoning Code: B-3-Highway Business

Rental Info

  • Other Expenses: 4200

Tax Info

  • Assessor Parcel Number: 640762959689 001
  • County Taxes: 683.80
  • Municipal Taxes: 1561.27
  • Total Taxes: 6021.77

Multi Family

  • School Taxes: 3776.70
  • Total Units: 3
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Jan 11, 2023
Sold by
Demeter Linda A
Bought by
Freddies Real Estate Holding Company
Seller's Agent
Preet Bajwa
IronValley RE of Lehigh Valley
Buyer's Agent
Preet Bajwa
IronValley RE of Lehigh Valley
List Price
$519,000
Sold Price
$400,000
Premium/Discount to List
-$119,000
-22.93%
Total Days on Market
350
Views
57
Current Estimated Value
$461,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,424
Avg. Annual Appreciation
6.16%
Original Mortgage
$475,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 1996
Sold by
Fornal Henry W and Fornal Liallian M
Bought by
Demeter Tery M and Demeter Linda A

Purchase Details

Closed on
Aug 13, 1986
Sold by
Smalley Robert J and Smalley Rebecca A
Bought by
Fornal Henry W and Fornal Liallian M

Purchase Details

Closed on
May 9, 1983
Sold by
Smalley Robert J and Smalley Rebecca A
Bought by
Smalley Robert J and Smalley Rebecca A
Source: Public Records

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Range of Values:

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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
Freddies Real Estate Holding Company $400,000 Legacy Title
Demeter Tery M -- --
Fornal Henry W $35,000 --
Smalley Robert J -- --
Smalley Robert J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freddies Real Estate Holding C $375,000
Closed Freddies Real Estate Holding C $475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $400,000 -22.9% $147 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $519,000 0.0% $191 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $519,000 -- $191 / 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 $6,341 $180,900 $39,600 $141,300
2024 $6,341 $180,900 $39,600 $141,300
2023 $6,341 $180,900 $39,600 $141,300
2022 $6,135 $180,900 $141,300 $39,600
2021 $6,022 $180,900 $39,600 $141,300
2020 $5,877 $180,900 $39,600 $141,300
2019 $5,789 $180,900 $39,600 $141,300
2018 $5,338 $180,900 $39,600 $141,300
2017 $5,212 $180,900 $39,600 $141,300
2016 -- $180,900 $39,600 $141,300
2015 -- $180,900 $39,600 $141,300
2014 -- $180,900 $39,600 $141,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 672700

Greater Lehigh Valley REALTORS®

APN: 640762959689-1