NOT LISTED FOR SALE

Estimated Value: $566,000 - $1,412,479

11 Beds
8 Baths
5,417 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 17, 2018

Last sale price $800,000 $148 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,260/month

6 Days on Market

Highlights

  • 0.31 Acre Lot
  • 8 Car Garage
  • Historic Home
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of May 2018

Incredible opportunity to own an 8-unit property, with an 8-car garage, in Historic Bethlehem! Apartments have lots of charm. Electric baseboard heat is paid by tenants. Some units have gas stoves, so there is natural gas coming into the property. There is a coin-operated washer and dryer in the basement. Detached garages in rear for 8 cars. Only one of the 8 garages is rented, but they can each easily rent for $100 per month. Location, location, location!

Last Agent to Sell the Property

Kori Andralis-Erceg

BHHS Fox & Roach Bethlehem Listed on: 03/12/2018

BHHS Fox & Roach Bethlehem

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty License #RM423820

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,948

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Historic Home
  • Property is zoned Rt

Parking

  • 8 Car Garage

Home Design

  • 5,417 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number P6NE1D 20 2 0204

Community Details

Building Details

Additional Features

  • Historic Bethlehem Subdivision
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,948

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached
  • County Assessment: 157800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Central Laundry, Historic
  • Bathrooms: 8
  • Full Bathrooms: 8
  • Bedrooms: 11
  • Square Footage: 5417

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 8

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 3600
  • Insurance: 3140
  • Trash Removal: 396
  • Water Sewer: 400

Fee Information

  • Operating Expense: 22005

Lot Info

  • Acres: 0.310
  • Lot Sq Ft: 13500
  • Zoning Code: Rt

Tax Info

  • Assessor Parcel Number: P6NE1D 20 2 0204
  • County Taxes: 1704.24
  • Municipal Taxes: 3020.29
  • Total Taxes: 13947.94

Multi Family

  • School Taxes: 9223.41
  • Total Units: 8
  • Total Unit Count: 8

MLS Schools

  • School District: Bethlehem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
May 17, 2018
Sold by
Sullivan Jonathan and Sullivan Joseph A
Bought by
East Market Llc
Seller's Agent
Kori Andralis-Erceg
BHHS Fox & Roach Bethlehem
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$750,000
Sold Price
$800,000
Premium/Discount to List
$50,000
6.67%
Current Estimated Value
$969,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,120
Avg. Annual Appreciation
2.58%
Original Mortgage
$600,000
Outstanding Balance
$516,620
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$452,500

Purchase Details

Closed on
Jan 3, 2008
Sold by
Smith Kenneth R and Smith Barbara M
Bought by
Sullivan Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$921,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1992
Bought by
Smith Kenneth R
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
East Market Llc $800,000 Penn Start Land Transfer Llc
Sullivan Joseph A -- None Available
Smith Kenneth R $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Market Llc $600,000
Previous Owner Sullivan Joseph A $921,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2018 05/17/18 Sold $800,000 +6.7% $148 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $750,000 -- $138 / 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 $1,704 $157,800 $40,700 $117,100
2024 $13,948 $157,800 $40,700 $117,100
2023 $13,948 $157,800 $40,700 $117,100
2022 $13,839 $157,800 $40,700 $117,100
2021 $13,746 $157,800 $40,700 $117,100
2020 $13,615 $157,800 $40,700 $117,100
2019 $13,569 $157,800 $40,700 $117,100
2018 $13,239 $157,800 $40,700 $117,100
2017 $13,082 $157,800 $40,700 $117,100
2016 -- $157,800 $40,700 $117,100
2015 -- $157,800 $40,700 $117,100
2014 -- $157,800 $40,700 $117,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 569817

Greater Lehigh Valley REALTORS®

APN: P6NE1D-20-2-0204