NOT LISTED FOR SALE
Studio
-- Bath
28,082 Sq Ft
5.23 Acre Lot

Sale Details

Date Sold: May 11, 2022

Last sale price $3,600,000 $128 Per Sq Ft

346 Days on Market

Highlights

  • Active Adult
  • Central Air
  • Heating Available
  • 5.23 Acre Lot

About This Home

As of May 2022

The property consists of an existing 69-unit assisted Living facility known a Walden III. The facility consists of 33086 Sq Ft of gross floor area and is situated on a 6.74-acre parcel of land.

Last Agent to Sell the Property

Clay Mitman

BHHS Paul Ford Easton License #RM046330A Listed on: 11/09/2020

BHHS Paul Ford Easton

Last Buyer's Agent

Clay Mitman

BHHS Paul Ford Easton License #RM046330A Listed on: 11/09/2020

BHHS Paul Ford Easton
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $61,327

Year Built

  • Built in 1987

Lot Details

  • 5.23 Acre Lot

Home Design

  • 28,082 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Stucco Exterior
  • Vinyl Construction Material

Parking

  • 20 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number E8 16 12 0638

Community Details

Overview

  • Active Adult
  • 69 Units

Building Details

  • Insurance Expense $34,990
  • Maintenance Expense $56,160
  • Operating Expense $1,016,481
  • Gross Income $1,591,177
  • Net Operating Income $418,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$61,327

Year Built

Built in 1987

Lot Details

5.23 Acres

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Adult Comm 55 & Over
  • County Assessment: 731300.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Square Footage: 28082

Exterior Features

  • Construction: Aluminum, Brick, Frame, Stucco, Vinyl

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 20

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 34990

Condo/Co-op/Association

  • Maintenance Repair: 56160

Fee Information

  • Operating Expense: 1016481

Lot Info

  • Acres: 5.230
  • Lot Sq Ft: 227819
  • Zoning Code: R8

Tax Info

  • Assessor Parcel Number: E8 16 12 0638
  • County Taxes: 7898.04
  • Municipal Taxes: 12432.10
  • Total Taxes: 61326.82

Multi Family

  • School Taxes: 40996.68
  • Total Units: 69

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

Listed on
Nov 9, 2020
Closed on
May 11, 2022
Sold by
Bought by
Seller's Agent
Clay Mitman
BHHS Paul Ford Easton
Buyer's Agent
Clay Mitman
BHHS Paul Ford Easton
List Price
$4,500,000
Sold Price
$3,600,000
Premium/Discount to List
-$900,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,075,000
Outstanding Balance
$2,865,230
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2000
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$3,600,000 None Listed On Document
-- --
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
Open $3,075,000
Previous Owner $75,000
Previous Owner $150,000
Previous Owner $30,000
Previous Owner $1,450,000
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
05/11/2022 05/11/22 Sold $3,600,000 -20.0% $128 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
11/09/2020 11/09/20 For Sale $4,500,000 -- $160 / Sq Ft
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 $7,898 $731,300 $31,600 $699,700
2025 $7,898 $731,300 $31,600 $699,700
2024 $62,058 $731,300 $31,600 $699,700
2023 $62,058 $731,300 $31,600 $699,700
2022 $61,327 $731,300 $31,600 $699,700
2021 $61,327 $731,300 $31,600 $699,700
2020 $61,327 $731,300 $31,600 $699,700
2019 $59,447 $731,300 $31,600 $699,700
2018 $57,875 $731,300 $31,600 $699,700
2017 $55,901 $731,300 $31,600 $699,700
2016 -- $731,300 $31,600 $699,700
2015 -- $731,300 $31,600 $699,700
2014 -- $731,300 $31,600 $699,700
Source: Public Records

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 653871

Greater Lehigh Valley REALTORS®

APN: E8-16-12-0638

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