T
Seller's Agent in 2020
Todd Oessenick
Win-Win Realty, Inc.
(610) 419-9455
3 in this area
32 Total Sales
224 S Spruce St Nazareth, PA 18064
Estimated Value: $405,000 - $435,000
6
Beds
4
Baths
2,819
Sq Ft
$148/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Floyd R. Shafer Elementary School Rated A-
- Baseboard Heating
About This Home
As of November 2020224 S Spruce St is ready to be yours. The 3 unit investment property is located in the coveted Nazareth School District. This in town property includes all public utilities. 9 spots in a paved lot, plus 2 garages! There is a 1 bed unit and two 2 bed units. All 3 are paying under market value rents and are occupied. In addition, there is a garage that the owner uses for storage and it includes a space above it with another bath. Really great setup for the savvy investor. The building itself was a barn years ago, however, these units were made in the mid 1990s. No old plumbing or wiring. All modern walls, floors, paint, etc. Utilities include natural gas and 4 separate electric meters. These kind of properties are very rare and require an investor to see the profit potential waiting. If you see this listing and wait around too long to act, it will be under contract with another buyer. Call now and setup your appointment as soon as possible. NO SHOWINGS UNTIL 9/14/2020!!!!!!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $3,333
Year Built
- Built in 1900
Lot Details
- 6,300 Sq Ft Lot
- Lot Dimensions are 67x88
Home Design
- Vinyl Construction Material
Interior Spaces
- 2,819 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 9 Parking Spaces
- Paved Parking
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number J7SE3D 10 10A 0421
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $621
- Insurance Expense $930
- Maintenance Expense $828
- Trash Expense $1,080
- Water Sewer Expense $2,792
- Gross Income $28,200
- Net Operating Income $18,367
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2020
Closed on
Nov 30, 2020
Sold by
Faustner Steven C and Faustner Patricia A
Bought by
Christoforos Inc
Seller's Agent
Todd Oessenick
Win-Win Realty, Inc.
Buyer's Agent
Evangelia Papadopoulos
Keller Williams Northampton
List Price
$269,000
Sold Price
$286,000
Premium/Discount to List
$17,000
6.32%
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
$146,911
Avg. Annual Appreciation
8.96%
Original Mortgage
$214,500
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 1, 1997
Bought by
Faustner Steven C and Faustner Patricia A
Purchase Details
Closed on
Oct 1, 1995
Bought by
Not Provided
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 |
|---|---|---|---|
| Christoforos Inc | $286,000 | Keystone Premier Setmnt Svcs | |
| Faustner Steven C | -- | -- | |
| Not Provided | $35,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Christoforos Inc | $214,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2020 11/30/20 | Sold | $286,000 | +6.3% | $101 / Sq Ft |
| 09/16/2020 09/16/20 | Pending | -- | -- | -- |
| 09/08/2020 09/08/20 | For Sale | $269,000 | -- | $95 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
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 | $431 | $39,900 | $14,600 | $25,300 |
| 2024 | $3,404 | $39,900 | $14,600 | $25,300 |
| 2023 | $3,336 | $39,900 | $14,600 | $25,300 |
| 2022 | $3,336 | $39,900 | $14,600 | $25,300 |
| 2021 | $3,333 | $39,900 | $14,600 | $25,300 |
| 2020 | $3,333 | $39,900 | $14,600 | $25,300 |
| 2019 | $3,283 | $39,900 | $14,600 | $25,300 |
| 2018 | $3,215 | $39,900 | $14,600 | $25,300 |
| 2017 | $3,165 | $39,900 | $14,600 | $25,300 |
| 2016 | -- | $39,900 | $14,600 | $25,300 |
| 2015 | -- | $39,900 | $14,600 | $25,300 |
| 2014 | -- | $39,900 | $14,600 | $25,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Evangelia Papadopoulos
Keller Williams Northampton
(610) 248-4578
1 in this area
132 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 647812
APN: J7SE3D-10-10A-0421
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