NOT LISTED FOR SALE

2495 Freemansburg Ave Easton, PA 18042

Estimated Value: $650,368

-- Bed
-- Bath
9,207 Sq Ft
$71/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $330,000 $36 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,635/month

30 Days on Market

Highlights

  • 0.16 Acre Lot
  • Home Security System
  • Heating System Uses Oil
  • Wilson Area High School Rated A-
  • Commercial or Retail Space

About This Home

As of March 2015

Residential / Commercial 6 unit property. 3 apartments on 2nd & 3rd floor and 3 commercial units at ground level. One commercial space is currently rented. Two commercial spaces are undergoing renovations to make fully ADA compliant. Excellent location, convenient to shopping, public transportation with high visibility & traffic count at the corner of 25th St. & Freemansburg Ave. Across the street from Home Depot, Giant, Marshalls Strip Center. Traffic count approximately 25,000 per day. This is a great opportunity for the investor or the owner wanting to establish their business. Projected cap rate of 10% +.

Last Agent to Sell the Property

James McGinley

BHHS Paul Ford Easton Listed on: 12/22/2014

Last Buyer's Agent

Dwight Musselman

CENTURY 21 Keim Realtors License #AB068471

CENTURY 21 Keim Realtors

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1928

Lot Details

  • 7,155 Sq Ft Lot

Home Design

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

Interior Spaces

  • 9,207 Sq Ft Home
  • 3-Story Property
  • Home Security System

Parking

  • 8 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M9NW1B 10 20 0837

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,241
  • Trash Expense $430
  • Water Sewer Expense $473
  • Operating Expense $17,802
  • Gross Income $53,400
  • Net Operating Income $36,501

Property Details

Home Type

Apartment

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • Technology: Cable, Security System
  • County Assessment: 101500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Square Footage: 9207

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: No Air
  • Heat Type: Electric, Oil
  • Sewer: Public
  • Water: Public
  • Heat: 5884
  • Insurance: 3241
  • Trash Removal: 430
  • Water Sewer: 473

Fee Information

  • Operating Expense: 17802

Schools

  • School District: Wilson

Lot Info

  • Acres: 0.164
  • Lot Dimensions: .16 Irregular
  • Lot Sq Ft: 7155
  • Zoning Code: Mixed Res/Comm

Tax Info

  • Assessor Parcel Number: M9NW1B 10 20 0837
  • County Taxes: 1096.20
  • Municipal Taxes: 2385.25
  • Total Taxes: 9527.70

Multi Family

  • School Taxes: 6046.25
  • Total Units: 6
  • Total Unit Count: 6

MLS Schools

  • School District: Wilson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2014
Closed on
Mar 10, 2015
Sold by
Kline Revocable Living Trust
Bought by
Somang Llc
Seller's Agent
James McGinley
BHHS Paul Ford Easton
Buyer's Agent
Dwight Musselman
CENTURY 21 Keim Realtors
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%
Current Estimated Value
$650,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,368
Avg. Annual Appreciation
8.94%
Original Mortgage
$247,500
Outstanding Balance
$192,310
Interest Rate
3.68%
Mortgage Type
Commercial
Estimated Equity
$614,525

Purchase Details

Closed on
Dec 13, 2011
Sold by
Fedorczyk Robert J and Fedorczyk Wendy A
Bought by
Kline Robert C and Kline Darlean A

Purchase Details

Closed on
Jul 8, 2010
Sold by
Kline Robert C and Kline Darlean A
Bought by
Fedorczyk Robert J and Fedorczyk Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 22, 2009
Sold by
Kline Darlean A
Bought by
Kline Robert C and Kline Darlean A
Source: Public Records

Range of Values:

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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
Somang Llc $330,000 None Available
Kline Robert C -- None Available
Fedorczyk Robert J $500,000 None Available
Kline Robert C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somang Llc $247,500
Previous Owner Kline Robert C $80,000
Previous Owner Fedorczyk Robert J $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2015 03/20/15 Sold $330,000 -5.7% $36 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
12/22/2014 12/22/14 For Sale $349,900 -- $38 / 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 $1,096 $101,500 $28,800 $72,700
2024 $9,761 $101,500 $28,800 $72,700
2023 $9,528 $101,500 $28,800 $72,700
2022 $9,498 $101,500 $28,800 $72,700
2021 $9,337 $101,500 $28,800 $72,700
2020 $9,235 $101,500 $28,800 $72,700
2019 $9,068 $101,500 $28,800 $72,700
2018 $8,638 $101,500 $28,800 $72,700
2017 $8,463 $101,500 $28,800 $72,700
2016 -- $101,500 $28,800 $72,700
2015 -- $101,500 $28,800 $72,700
2014 -- $101,500 $28,800 $72,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James McGinley

    BHHS Paul Ford Easton

  • D

    Buyer's Agent in 2015

    Dwight Musselman

    CENTURY 21 Keim Realtors

    (610) 395-0393

    23 Total Sales

    Dwight Musselman
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 486954

Greater Lehigh Valley REALTORS®

APN: M9NW1B 10 20 0837

Pennsylvania Northampton County Easton 18042

2495 Freemansburg Ave, Easton, PA

This home is located at 2495 Freemansburg Ave, Easton, PA 18042 since 22 December 2014 and is currently estimated at $650,368, approximately $70 per square foot. This property was built in 1928. 2495 Freemansburg Ave is a home located in Northampton County with nearby schools including Wilson Area High School, Easton Arts Academy Elementary Cs, and St Jane Frances De Chantal 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.

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