NOT LISTED FOR SALE

335 N Franklin St Allentown, PA 18102

Center City Neighborhood

Estimated Value: $198,000 - $245,000

13 Beds
5 Baths
4,560 Sq Ft
$51/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $460,000 $101 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $1,423/month

106 Days on Market

About This Home

As of September 2021

One of a kind 3 unit Investment opportunity in Allentown. Property consists of 3 adjacent row homes making up one building and each are separately deeded. Tenant pays for all utilities including water and sewer. Building consists of two 5 bedroom townhomes and one 3 bedroom townhome. Current leases are month to month and are well below market rents. This is a great investment for both novice and savvy investors. This is a definite MUST SEE!!!!

Last Agent to Sell the Property

Geoff Gunn

Realty Outfitters License #RS281330 Listed on: 04/20/2021

Last Buyer's Agent

Ronald Bowser

Steel City Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,926

Year Built

  • Built in 1913

Lot Details

  • 1,220

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,560 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549760168737-1

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,950
  • Trash Expense $1,125
  • Operating Expense $10,226
  • Gross Income $42,000
  • Net Operating Income $31,774

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,926

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row-End Unit, Row/Townhouse
  • County Assessment: 228500.00
  • Stories: 3.0
  • Street Number Modifier: -339
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Bedrooms: 13
  • Square Footage: 4560

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Hot Water, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 1950
  • Trash Removal: 1125

Fee Information

  • Operating Expense: 10226

Lot Info

  • Zoning Code: R-MH

Tax Info

  • Assessor Parcel Number: 549760168737-1
  • Total Taxes: 6926.49
  • Taxes: 6926

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Aug 24, 2021
Sold by
Aoun Alain
Bought by
610 Northampton Street Llc
Seller's Agent
Geoff Gunn
Realty Outfitters
Buyer's Agent
Ronald Bowser
Steel City Realty
List Price
$460,000
Sold Price
$460,000
Current Estimated Value
$230,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$229,173
Avg. Annual Appreciation
-15.08%
Original Mortgage
$368,000
Outstanding Balance
$334,122
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$103,295

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jul 20, 2021
Sold by
Aoun Alain
Bought by
Aoun Alain
Seller's Agent
Geoff Gunn
Realty Outfitters
Buyer's Agent
Ronald Bowser
Steel City Realty
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Outstanding Balance
$334,122
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$103,295

Purchase Details

Closed on
May 28, 2021
Sold by
Aoun Alain
Bought by
Aoun Alain

Purchase Details

Closed on
Nov 6, 2006
Sold by
Coffey Danny
Bought by
Aoun Alain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2006
Sold by
Coffey Danny
Bought by
Coffey Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2002
Sold by
Leibensperger Bradley K
Bought by
Coffey Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,800
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 1994
Sold by
Kolp Gary A and Kolp Debra C
Bought by
Leibensperger Bradley K

Purchase Details

Closed on
Dec 16, 1983
Bought by
Kolp Gary A and Kolp Debra C
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
610 Northampton Street Llc $155,000 Steel Abstract
610 Northampton Street Llc $160,000 Steel Abstract
Aoun Alain -- Keystone Ttl Setmnt Svcs Llc
Aoun Alain -- Keystone Premier Setmnt Svcs
Aoun Alain $82,000 First American Title Ins Co
Coffey Danny -- First American Title Ins Co
Coffey Patricia $50,400 First American Title Ins Co
Leibensperger Bradley K $50,200 --
Kolp Gary A $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 610 Northampton Street Llc $368,000
Previous Owner Aoun Alain $61,500
Previous Owner Coffey Patricia $37,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2021 09/07/21 Sold $460,000 0.0% $101 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/02/2021 07/02/21 Off Market $460,000 -- --
06/22/2021 06/22/21 For Sale $460,000 0.0% $101 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $460,000 -- $101 / 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 $2,444 $76,200 $4,800 $71,400
2024 $2,444 $76,200 $4,800 $71,400
2023 $2,444 $76,200 $4,800 $71,400
2022 $2,358 $76,200 $71,400 $4,800
2021 $2,310 $76,200 $4,800 $71,400
2020 $2,249 $76,200 $4,800 $71,400
2019 $2,212 $76,200 $4,800 $71,400
2018 $2,069 $76,200 $4,800 $71,400
2017 $2,016 $76,200 $4,800 $71,400
2016 -- $76,200 $4,800 $71,400
2015 -- $76,200 $4,800 $71,400
2014 -- $76,200 $4,800 $71,400
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Geoff Gunn

    Realty Outfitters

    (484) 201-5251

    21 in this area

    66 Total Sales

    Geoff Gunn
    Section Image
  • Ronald Bowser

    Buyer's Agent in 2021

    Ronald Bowser

    Steel City Realty

    (484) 895-9005

    30 in this area

    90 Total Sales

    Ronald Bowser
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 665502

Greater Lehigh Valley REALTORS®

APN: 549760168737-1

Pennsylvania Lehigh County Allentown 18102 Center City

335 N Franklin St, Allentown, PA

Not Listed for Sale

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