NOT LISTED FOR SALE

324 E Prospect St Nazareth, PA 18064

Estimated Value: $486,000 - $1,145,268

9 Beds
9 Baths
4,818 Sq Ft
$148/Sq Ft Est. Value

Last Sold June 28, 2016

Last sale price $635,000 $132 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,544/month

128 Days on Market

Highlights

  • 0.35 Acre Lot
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Floyd R. Shafer Elementary School Rated A-
  • Balcony
  • 12 Car Garage

About This Home

As of June 2016

Excellent "turn key" investment. Completed in October 2015 this well constructed building will be maintenance free for years. All three units have solid two year leases in place with tenants paying all utilities. This triplex has the features required to satisfy today's rental consumer and to differentiate from the competition. Each unit has a private entrance plus a two car garage with direct access into each unit. Deck/Balcony. Open concept floor plan combines living room and dining room for flexible furniture placement. Custom kitchens with granite countertop and stainless steel appliance packages with dishwasher, stove, built in microwave and full size refrigerator. Laundry area off kitchen has full size washer and dryer. Each unit has three bedrooms and two and half baths. Tenants are pleased with Nazareth area, natural gas heat, gas hot water heaters, central air, window blinds and basement storage room. Hard surface flooring on all first floors are designed to last a lifetime.

Last Agent to Sell the Property

Christopher Zajacek

Grace Realty Co Inc License #RM048818A Listed on: 12/11/2015

Last Buyer's Agent

Mehrunissa Phelps

Coldwell Banker Hearthside

Coldwell Banker Hearthside

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,737

Year Built

  • Built in 2015

Lot Details

  • 0.35 Acre Lot
  • Property is zoned R-10

Parking

  • 12 Car Garage

Home Design

  • Vinyl Construction Material
  • Stone

Interior Spaces

  • 4,818 Sq Ft Home
  • 2.5-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 9 Bedrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number J7SE3C 10 1 0421

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,737

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached
  • Technology: Cable, Smoke Detector Wired
  • County Assessment: 140400.00
  • Stories: 2.5
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Features: Balcony, Hardwood, Storm Doors, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 9
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Bedrooms: 9
  • Square Footage: 4818

Exterior Features

  • Construction: Stone, Vinyl

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 12

Utilities

  • Cooling: Central AC
  • Heat Type: Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 1800
  • Trash Removal: 900
  • Water Sewer: 400

Condo/Co-op/Association

  • Lawn Snow Removal: 2000

Fee Information

  • Operating Expense: 16034

Lot Info

  • Acres: 0.346
  • Lot Sq Ft: 15080
  • Zoning Code: R-10

Tax Info

  • Assessor Parcel Number: J7SE3C 10 1 0421
  • County Taxes: 1516.32
  • Municipal Taxes: 2246.40
  • Total Taxes: 11737.44

Multi Family

  • School Taxes: 7974.72
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Nazareth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2015
Closed on
Jun 13, 2016
Sold by
Villani Dominic A
Bought by
Aung Win T and Phyu Hnin P
Seller's Agent
Christopher Zajacek
Grace Realty Co Inc
Buyer's Agent
Mehrunissa Phelps
Coldwell Banker Hearthside
List Price
$690,000
Sold Price
$635,000
Premium/Discount to List
-$55,000
-7.97%
Current Estimated Value
$653,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,592
Avg. Annual Appreciation
1.23%
Original Mortgage
$225,000
Outstanding Balance
$100,724
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$612,593

Purchase Details

Closed on
Dec 13, 2013
Sold by
Villani Dominic A
Bought by
Villani Dominic A

Purchase Details

Closed on
Nov 30, 2012
Sold by
Tavianni Jospeh A
Bought by
Villani Dominic A

Purchase Details

Closed on
Nov 9, 2012
Sold by
Tavianini Joseph A
Bought by
Tavianini Joseph A
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
Aung Win T $635,000 Attorney
Villani Dominic A -- None Available
Villani Dominic A $100,000 None Available
Tavianini Joseph A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aung Win T $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2016 06/28/16 Sold $635,000 -8.0% $132 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
12/11/2015 12/11/15 For Sale $690,000 0.0% $143 / Sq Ft
10/01/2015 10/01/15 Rented $40,680 +2300.0% --
08/14/2015 08/14/15 Under Contract -- -- --
07/23/2015 07/23/15 For Rent $1,695 -- --
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 $1,516 $140,400 $21,600 $118,800
2024 $11,978 $140,400 $21,600 $118,800
2023 $11,737 $140,400 $21,600 $118,800
2022 $11,737 $140,400 $21,600 $118,800
2021 $11,729 $140,400 $21,600 $118,800
2020 $11,729 $140,400 $21,600 $118,800
2019 $7,382 $140,400 $21,600 $118,800
2018 $11,312 $140,400 $21,600 $118,800
2017 $11,138 $140,400 $21,600 $118,800
2016 -- $140,400 $21,600 $118,800
2015 -- $16,200 $16,200 $0
2014 -- $16,300 $16,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 509845

Greater Lehigh Valley REALTORS®

APN: J7SE3C 10 1 0421