NOT LISTED FOR SALE

342 N 1st St Lehighton, PA 18235

Estimated Value: $296,193

6 Beds
7 Baths
3,220 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $259,000 $80 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,846/month

9 Days on Market

Highlights

  • Ceiling Fan
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of March 2024

Multiple offers are in. No more showings. Unique investment opportunity! Put your sweat equity to work and finish off the 6th apartment unit for additional income! Currently 5 units are rented out w/long term tenants. Several on month-month leases and others on longer term leases. Rents are extremely undervalued and some TLC and upgrades to the property would bring a much higher return! There is 3 car off street parking, gas heat, shed for additional storage, large unfinished attic, public water/sewer/garbage, roof replaced 2013. Convenient location in the downtown area of Lehighton with easy access to Route 209, PA turnpike, Route 248, and other major routes for easy travels! Close to Historic Jim Thorpe, Blue Mt. Ski Resort, Beltzville State park, and many other tourist attractions! Commercially zoned. Check w/zoning for any other possible usages. 48 Hour notice for showings are required.

Last Agent to Sell the Property

Carol Copeland

Iron Valley R E Northeast Listed on: 02/20/2024

Iron Valley R E Northeast

Last Buyer's Agent

Tcharlie Saloum

Iron Valley Real Estate Legacy

Iron Valley Real Estate Legacy

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,748

Year Built

  • Built in 1930

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 26 x 189

Parking

  • 3 Parking Spaces

Home Design

  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,220 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wall to Wall Carpet
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70A10-30-R24

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,500
  • Maintenance Expense $1,740
  • Water Sewer Expense $7,252
  • Operating Expense $17,808
  • Gross Income $34,800
  • Net Operating Income $15,252

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,748

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • Technology: Cable, Smoke Detector Wired
  • County Assessment: 36630.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1930
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern, Old, Semi Modern
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 6
  • Square Footage: 3220

Exterior Features

  • Construction: Shingle/Shakes, Vinyl

Garage/Parking

  • Parking Spaces: 3

Utilities

  • Cooling: Ceiling Fans
  • Heat Type: Baseboard, Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Gas: 3416
  • Insurance: 2500
  • Water Sewer: 7252

Condo/Co-op/Association

  • Maintenance Repair: 1740

Fee Information

  • Operating Expense: 17808

Schools

  • School District: Lehighton

Lot Info

  • Acres: 0.150
  • Lot Dimensions: 26 X 189
  • Lot Sq Ft: 6534
  • Zoning Code: Commerical

Tax Info

  • Assessor Parcel Number: 70A10-30-R24
  • County Taxes: 448.72
  • Municipal Taxes: 366.30
  • Total Taxes: 2747.85

Multi Family

  • School Taxes: 1932.83
  • Total Units: 6
  • Total Unit Count: 6

MLS Schools

  • School District: Lehighton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Mar 25, 2024
Sold by
Neeb Jane
Bought by
342 N 1St St Llc
Seller's Agent
Carol Copeland
Iron Valley R E Northeast
Buyer's Agent
Tcharlie Saloum
Iron Valley Real Estate Legacy
List Price
$275,000
Sold Price
$259,000
Premium/Discount to List
-$16,000
-5.82%
Views
28
Current Estimated Value
$296,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,193
Avg. Annual Appreciation
8.36%

Purchase Details

Closed on
Jan 29, 1987
Bought by
Neeb Randall and Neeb Jane
Source: Public Records

Range of Values:

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Average Value
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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
342 N 1St St Llc $259,000 None Listed On Document
Neeb Randall $28,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $259,000 -5.8% $80 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $275,000 -- $85 / 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 $2,922 $36,630 $6,300 $30,330
2024 $2,775 $36,630 $6,300 $30,330
2023 $2,748 $36,630 $6,300 $30,330
2022 $2,748 $36,630 $6,300 $30,330
2021 $2,652 $36,630 $6,300 $30,330
2020 $2,587 $36,630 $6,300 $30,330
2019 $2,477 $36,630 $6,300 $30,330
2018 $2,422 $36,630 $6,300 $30,330
2017 $2,404 $36,630 $6,300 $30,330
2016 -- $36,630 $6,300 $30,330
2015 -- $36,630 $6,300 $30,330
2014 -- $36,630 $6,300 $30,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 732125

Greater Lehigh Valley REALTORS®

APN: 70A10-30-R24