NOT LISTED FOR SALE

223 Main St Slatington, PA 18080

Estimated Value: $321,973

4 Beds
4 Baths
-- Sq Ft
0.32 Acres

Last Sold November 19, 2020

Last sale price $215,000

Est. 50% increase in value since last sale

Current estimated payment $2,163/month

11 Days on Market

Highlights

  • Baseboard Heating
  • Deep Creek Central Elementary School Rated A-
  • 8 Car Garage

About This Home

As of November 2020

This property features 3 apartments, along with a storefront. All units are currently rented, resulting in immediate income. Walk through the quaint storefront, featuring the focal-point shopping area, a storage room and a full bathroom. Apartment A is a first floor, two bedroom, one bath rental with a partially finished basement. Walk upstairs through your private entrance to Apartment B. This two bedroom, one bath rental has an attic space for storage. Both apartments A and B, are updated, with old school detailing and charm. Apartment C is detached from the other rentals, and sits on top of a 3 car garage. Apartment C is a one bedroom, one bath, with clean updates and a balcony overlooking the backyard and Trout Creek. There is a private parking lot for all tenants.

Last Agent to Sell the Property

Kelsie Beck

BHHS Fox & Roach Macungie License #RS342125 Listed on: 09/14/2020

BHHS Fox & Roach Macungie

Co-Listed By

Sean LaSalle

Coldwell Banker Hearthside License #AB067161

Last Buyer's Agent

Judi Youssef

Harvey Z Raad Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,762

Year Built

  • Built in 1880

Lot Details

  • 0.32

Home Design

  • Mixed Use

Parking

  • 8 Car Garage
  • Unpaved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 556224207395 001

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,230
  • Operating Expense $10,248
  • Gross Income $34,047
  • Net Operating Income $23,798

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,762

Year Built

Built in 1880

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: 148000.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1880
  • Year Built Exception: Unknown
  • Special Features: None

Garage/Parking

  • Parking: Garage, Unpaved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric, Hot Water
  • Sewer: Public
  • Water: Public
  • Insurance: 2230

Fee Information

  • Operating Expense: 10248

Lot Info

  • Zoning Code: C-Commercial

Tax Info

  • Assessor Parcel Number: 556224207395 001
  • County Taxes: 559.44
  • Municipal Taxes: 784.40
  • Total Taxes: 4761.75

Multi Family

  • School Taxes: 3417.91
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
Nov 19, 2020
Sold by
Reck Jonathan T and Reck Jodi S
Bought by
Pa Estate Llc
Seller's Agent
Kelsie Beck
BHHS Fox & Roach Macungie
Buyer's Agent
Judi Youssef
Harvey Z Raad Real Estate
List Price
$235,000
Sold Price
$215,000
Premium/Discount to List
-$20,000
-8.51%
Current Estimated Value
$321,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,973
Avg. Annual Appreciation
8.34%
Original Mortgage
$172,000
Outstanding Balance
$153,056
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$168,917

Purchase Details

Closed on
Mar 2, 2011
Sold by
First Niagra Bank
Bought by
Beck Jonathan T

Purchase Details

Closed on
May 18, 2006
Sold by
Messinger Don A and Messinger Stephanie M
Bought by
Destefanis Vincent P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.42%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 1996
Sold by
Messinger Clifford and Messinger Gisella
Bought by
Messinger Don A and Messinger Stephanie M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pa Estate Llc $215,000 None Available
Beck Jonathan T $89,900 --
Destefanis Vincent P $140,000 None Available
Messinger Don A $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pa Estate Llc $172,000
Previous Owner Destefanis Vincent P $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2020 11/19/20 Sold $215,000 -8.5% --
09/25/2020 09/25/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $235,000 -- --
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 $5,603 $148,400 $25,200 $123,200
2024 $5,364 $148,400 $25,200 $123,200
2023 $5,053 $148,400 $25,200 $123,200
2022 $4,978 $148,400 $123,200 $25,200
2021 $4,827 $148,400 $25,200 $123,200
2020 $4,689 $148,400 $25,200 $123,200
2019 $4,586 $148,400 $25,200 $123,200
2018 $4,494 $148,400 $25,200 $123,200
2017 $4,476 $148,400 $25,200 $123,200
2016 -- $148,400 $25,200 $123,200
2015 -- $148,400 $25,200 $123,200
2014 -- $148,400 $25,200 $123,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 645560

Greater Lehigh Valley REALTORS®

APN: 556224207395-1