NOT LISTED FOR SALE

301 Chestnut St Unit 303 Slatington, PA 18080

Estimated Value: $284,000 - $540,000

9 Beds
10.5 Baths
5,368 Sq Ft
$80/Sq Ft Est. Value

Last Sold December 09, 2016

Last sale price $350,000 $65 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,212/month

92 Days on Market

Highlights

  • 0.34 Acre Lot
  • Baseboard Heating
  • 9 Car Garage
  • Ceiling Fan

About This Home

As of December 2016

This Investment Property is a slam dunk for great income. 17 rental spaces on one very well maintained and fully rented property! Great income and 10% PLUS CAP RATE!!! All utilities are paid by tenants except for w/s/g. Both halves of a twin home offer 3 units, the rear building offers 3 units with 7 garage bays w/separate rent able storage, and over sized heated 2 story garage! Lower level of 301 Chestnut is also finished for office/work space. The 3 Iron Alley Apts come with their own garage with storage space. Grounds and building show the results of consistent upkeep. You'll need this one in your portfolio. All garages can easily be rented separately. Owner rents the storage units and the garage bays separately to the tenants.

Last Agent to Sell the Property

Debra Bagarozzo

IronValley RE of Lehigh Valley Listed on: 09/08/2016

Last Buyer's Agent

Manny Stratos

Coldwell Banker Heritage R E License #RS206847L

Coldwell Banker Heritage R E

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 150

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 5,368 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 9 Bedrooms

Parking

  • 9 Car Garage
  • Leased Parking
  • Off-Site Parking

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 556214841348001

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $1,460
  • Maintenance Expense $1,000
  • Trash Expense $1,440
  • Water Sewer Expense $1,500
  • Operating Expense $13,800
  • Gross Income $59,529
  • Net Operating Income $46,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Both Halves
  • County Assessment: 296800.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Bathrooms: 11
  • Full Bathrooms: 10
  • Half Bathrooms: 1
  • Bedrooms: 9
  • Square Footage: 5368

Exterior Features

  • Construction: Aluminum, Vinyl

Garage/Parking

  • Parking: Garage, Off Site, Rented
  • Parking Spaces: 9

Utilities

  • Cooling: Ceiling Fan
  • Heat Type: Baseboard, Electric, Hot Water
  • Sewer: Public
  • Water: Public
  • Insurance: 1460
  • Trash Removal: 1440
  • Water Sewer: 1500

Condo/Co-op/Association

  • Maintenance Repair: 1000

Fee Information

  • Operating Expense: 13800

Schools

  • School District: Northern Lehigh

Lot Info

  • Acres: 0.344
  • Lot Dimensions: 100 x 150
  • Lot Sq Ft: 14985
  • Zoning Code: TR

Tax Info

  • Assessor Parcel Number: 556214841348001
  • County Taxes: 1121.90
  • Municipal Taxes: 1840.16
  • Total Taxes: 10105.44

Multi Family

  • School Taxes: 7143.38
  • Total Units: 8
  • Total Unit Count: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Dec 9, 2016
Sold by
Mengoni Thomas S
Bought by
Keja Holdings Llc
Seller's Agent
Debra Bagarozzo
IronValley RE of Lehigh Valley
Buyer's Agent
Manny Stratos
Coldwell Banker Heritage R E
List Price
$389,900
Sold Price
$350,000
Premium/Discount to List
-$39,900
-10.23%
Current Estimated Value
$431,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,407
Avg. Annual Appreciation
2.17%
Original Mortgage
$280,000
Interest Rate
3.47%
Mortgage Type
New Conventional
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
Keja Holdings Llc $350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keja Holdings Llc $464,000
Closed Keja Holdings Llc $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2016 12/09/16 Sold $350,000 -10.2% $65 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $389,900 -- $73 / 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 $11,205 $296,800 $34,400 $262,400
2024 $10,728 $296,800 $34,400 $262,400
2023 $10,106 $296,800 $34,400 $262,400
2022 $9,956 $296,800 $262,400 $34,400
2021 $9,653 $296,800 $34,400 $262,400
2020 $9,377 $296,800 $34,400 $262,400
2019 $9,171 $296,800 $34,400 $262,400
2018 $8,988 $296,800 $34,400 $262,400
2017 $8,951 $296,800 $34,400 $262,400
2016 -- $296,800 $34,400 $262,400
2015 -- $296,800 $34,400 $262,400
2014 -- $296,800 $34,400 $262,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Debra Bagarozzo

    IronValley RE of Lehigh Valley

  • M

    Buyer's Agent in 2016

    Manny Stratos

    Coldwell Banker Heritage R E

    (908) 319-1788

    6 Total Sales

    Manny Stratos
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 529441

Greater Lehigh Valley REALTORS®

APN: 556214841348-1

Pennsylvania Lehigh County Slatington 18080

301 Chestnut St Unit 303, Slatington, PA

This home is located at 301 Chestnut St Unit 303, Slatington, PA 18080 since 08 September 2016 and is currently estimated at $431,407, approximately $80 per square foot. This property was built in 1890. 301 Chestnut St Unit 303 is a home located in Lehigh County with nearby schools including Slatington Elementary School, Peters Elementary School, and Northern Lehigh Middle 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.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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