NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.11 Acre Lot

Sale Details

Date Sold: February 22, 2021

Last sale price $1,295,000

25 Days on Market

About This Home

As of February 2021

The Jefferson; is an 8-unit, newly-constructed boutique apartment building located in Alburtis, Pennsylvania. The property lies within the boundaries of one of the top school districts in the Lehigh Valley, East Penn School District.
Completed in 2019, The Jefferson Apartments consists of 8 two-bedroom one-bath luxury apartment units. Each unit features high-end kitchens with quartz countertops, brand-new stainless-steel appliances including microwave and dishwasher, modern baths, full-size washer/dryer and ample closet space. Tenants pay electric, heat, hot and cold water.
The rental market surrounding Alburtis is very strong. The Jefferson apartments are strategically located within a 15-minute drive to Allentown, one of the fastest growing cities in Pennsylvania. Some of the areas top employers including the Lehigh Valley Hospital, Amazon and Air Products are within a short drive.

Last Agent to Sell the Property

Luke DeLuca

Rittenhouse Realty Advisors Listed on: 10/26/2020

Last Buyer's Agent

Luke DeLuca

Rittenhouse Realty Advisors Listed on: 10/26/2020

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $27,778

Year Built

  • Built in 2019

Lot Details

  • 1.11

Home Design

  • Stucco Exterior
  • Vinyl Construction Material

Parking

  • 16 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 546366216238-1

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $504
  • Insurance Expense $2,800
  • Maintenance Expense $2,800
  • Manager Expense $6,736
  • Other Expense $800
  • Water Sewer Expense $4,742
  • Operating Expense $47,267
  • Gross Income $135,120
  • Net Operating Income $86,653

Property Details

Home Type

Apartment

Est. Annual Taxes

$27,778

Year Built

Built in 2019

Lot Details

1.11 Acres

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 1059800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 2019
  • Special Features: NewHome

Exterior Features

  • Construction: Stucco, Vinyl

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 16

Utilities

  • Cooling: Wall AC
  • Heat Type: Heat Pump
  • Sewer: Public
  • Water: Public
  • Electric: 504
  • Insurance: 2800
  • Water Sewer: 4742

Condo/Co-op/Association

  • Lawn Snow Removal: 800
  • Maintenance Repair: 2800
  • Management: 6736

Fee Information

  • Operating Expense: 47267

Lot Info

  • Zoning Code: R-2

Rental Info

  • Other Expenses: 800

Tax Info

  • Assessor Parcel Number: 546366216238-1
  • County Taxes: 4006.04
  • Municipal Taxes: 4059.03
  • Total Taxes: 27778.41
  • Taxes: 27545

Multi Family

  • School Taxes: 19713.34
  • Total Units: 8
  • Total Unit Count: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2026
Sold by
Bought by

Purchase Details

Listed on
Oct 26, 2020
Closed on
Feb 22, 2021
Sold by
Bought by
Seller's Agent
Luke DeLuca
Rittenhouse Realty Advisors
Buyer's Agent
Luke DeLuca
Rittenhouse Realty Advisors
List Price
$1,325,000
Sold Price
$1,295,000
Premium/Discount to List
-$30,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
2.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,993
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 2014
Sold by
Bought by

Purchase Details

Listed on
Aug 27, 2013
Closed on
Oct 8, 2013
Sold by
Bought by
Seller's Agent
Theodore VanWert
IronValley RE of Lehigh Valley
Buyer's Agent
Theodore VanWert
IronValley RE of Lehigh Valley
List Price
$89,800
Sold Price
$42,750
Premium/Discount to List
-$47,050
-52.39%

Purchase Details

Closed on
Jul 10, 1955
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Alburtis, PA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Bluewater Abstract Llc
$1,295,000 Evans Abstract Llc
$1,260,000 Monroe Abstract Co
-- None Available
$50,000 Legacy Title
$42,750 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $535,000
Previous Owner $10,000
Previous Owner $790,993
Previous Owner $875,000
Previous Owner $50,000
Previous Owner $276,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2021 02/22/21 Sold $1,295,000 -2.3% --
11/20/2020 11/20/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $1,325,000 +2999.4% --
10/08/2013 10/08/13 Sold $42,750 -52.4% -- View Prior Sale
09/09/2013 09/09/13 Pending -- -- --
08/27/2013 08/27/13 For Sale $89,800 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $24,903 $824,600 $76,800 $747,800
2025 $24,210 $824,600 $76,800 $747,800
2024 $30,321 $1,059,800 $76,800 $983,000
2023 $28,918 $1,059,800 $76,800 $983,000
2022 $28,311 $1,059,800 $983,000 $76,800
2021 $27,779 $1,059,800 $76,800 $983,000
2020 $27,545 $1,059,800 $76,800 $983,000
2019 $1,921 $74,300 $74,300 $0
2018 $1,899 $74,300 $74,300 $0
2017 $4,022 $159,800 $74,300 $85,500
2016 -- $159,800 $74,300 $85,500
2015 -- $159,800 $74,300 $85,500
2014 -- $159,800 $74,300 $85,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 652253

Greater Lehigh Valley REALTORS®
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