NOT LISTED FOR SALE

Estimated Value: $331,637

-- Bed
-- Bath
4,356 Sq Ft
$76/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $229,500 $53 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,179/month

178 Days on Market

About This Home

As of November 2021

As You may be Aware or Not: Welcome to 332 North 6th Street in the heart of Downtown Allentown. This property located near all the new redevelopment of the downtown and is only blocks away from the city’s arts district, entertainment center, and restaurants.
The 4356 sq. foot mixed-use property consists of a 1 st floor retail/office space currently being leased to a church and a large 2nd-floor apartment, currently owner-occupied, additional storage area, and 8 off-street parking spaces. The property is zoned R-MH which allows for possible redevelopment of other permitted uses. Property is being sold as-is. Do not miss an opportunity to purchase an investment property below market value. Qualified real estate investors only apply. DO NOT MISS THIS GREAT OPPORTUNITY!!!!

Last Agent to Sell the Property

Jesse Roldan

United RealEstate Strive212 LV Listed on: 01/24/2021

Co-Listed By

Renae Roldan

United RealEstate Strive212 LV

Last Buyer's Agent

Jesse Roldan

United RealEstate Strive212 LV Listed on: 01/24/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,644

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 8 Car Garage

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 4,356 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 640702742082001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $2,400
  • Insurance Expense $1,150
  • Maintenance Expense $200
  • Water Sewer Expense $800
  • Operating Expense $13,395
  • Gross Income $31,800
  • Net Operating Income $18,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,644

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Mixed Use
  • County Assessment: 107300.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Square Footage: 4356

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking: Garage, Paved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: Wall AC
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 2400
  • Gas: 2400
  • Heat: 2400
  • Insurance: 1150
  • Water Sewer: 800

Condo/Co-op/Association

  • Maintenance Repair: 200

Fee Information

  • Operating Expense: 13395

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.130
  • Lot Sq Ft: 5663
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 640702742082001
  • County Taxes: 405.59
  • Municipal Taxes: 964.45
  • Total Taxes: 3644.34
  • Taxes: 3644

Multi Family

  • School Taxes: 2274.30
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2021
Closed on
Nov 19, 2021
Sold by
Fernandez Carmen
Bought by
Ramirez Rigoberto
Seller's Agent
Jesse Roldan
United RealEstate Strive212 LV
Buyer's Agent
Jesse Roldan
United RealEstate Strive212 LV
List Price
$235,000
Sold Price
$229,500
Premium/Discount to List
-$5,500
-2.34%
Total Days on Market
178
Current Estimated Value
$331,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,137
Avg. Annual Appreciation
11.15%
Original Mortgage
$160,650
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2004
Sold by
Namous Ali
Bought by
Fernandez Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2002
Sold by
Kistler Larry A
Bought by
Namous Ali

Purchase Details

Closed on
Jan 12, 1995
Sold by
Bank Of Pennsylvania
Bought by
Awad Fayek I

Purchase Details

Closed on
Apr 26, 1994
Sold by
Garelick Michael and Paul Lubowitz
Bought by
Bank Of Pennsylvania

Purchase Details

Closed on
Dec 7, 1989
Bought by
Garelick Michael and Paul Lubowitz
Source: Public Records

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Range of Values:

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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
Ramirez Rigoberto $229,500 None Available
Fernandez Carmen $70,000 --
Namous Ali $14,100 --
Awad Fayek I $43,000 --
Bank Of Pennsylvania -- --
Garelick Michael $55,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Rigoberto $295,500
Closed Ramirez Rigoberto $160,650
Previous Owner Fernandez Carmen $56,000
Closed Fernandez Carmen $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $229,500 0.0% $53 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
03/25/2021 03/25/21 Price Changed $229,500 -2.3% $53 / Sq Ft
01/24/2021 01/24/21 For Sale $235,000 -- $54 / 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 $3,800 $107,300 $25,500 $81,800
2024 $3,800 $107,300 $25,500 $81,800
2023 $3,800 $107,300 $25,500 $81,800
2022 $3,677 $107,300 $81,800 $25,500
2021 $3,610 $107,300 $25,500 $81,800
2020 $3,524 $107,300 $25,500 $81,800
2019 $3,472 $107,300 $25,500 $81,800
2018 $3,197 $107,300 $25,500 $81,800
2017 $3,122 $107,300 $25,500 $81,800
2016 -- $107,300 $25,500 $81,800
2015 -- $107,300 $25,500 $81,800
2014 -- $107,300 $25,500 $81,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 657965

Greater Lehigh Valley REALTORS®

APN: 640702742082-1