NOT LISTED FOR SALE

Estimated Value: $210,000 - $441,000

8 Beds
4 Baths
3,968 Sq Ft
$80/Sq Ft Est. Value

Last Sold March 06, 2017

Last sale price $72,500 $18 Per Sq Ft

Est. 340% increase in value since last sale

Current estimated payment $2,206/month

7 Days on Market

About This Home

As of March 2017

INVESTOR ALERT!!!!!! PRICED TO SELL 4 UNIT building in the heart of Allentown. CASH INVESTORS ONLY!!! 4000 sqft and individual utilities. each tenant has GAS heat and hot water, individual electric. ONE 2 BEDROOM 1 BATH UNIT, TWO 3 bedroom, 1 bath, 2 floors units, A commercial space that has been used for storage and would have to be rezoned. LOTS OF POTENTIAL. unit 1 and 2 has had extensive fire damage but has been completely gutted and is ready for a NEW remodel from the SAVY INVESTOR.

Last Agent to Sell the Property

Eric Rothenberger

Better Homes&Gardens RE Valley Listed on: 02/01/2017

Better Homes&Gardens RE Valley

Last Buyer's Agent

Tyrone Riddick

Allentown City Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1890

Lot Details

  • 1,760 Sq Ft Lot

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 3,968 Sq Ft Home
  • 3-Story Property
  • Fire Escape

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Radiator
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 640723008927

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,500
  • Trash Expense $350
  • Water Sewer Expense $500
  • Operating Expense $7,000
  • Gross Income $30,000
  • Net Operating Income $23,000

Property Details

Home Type

Apartment

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial
  • County Assessment: 132000.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Features: Fire Escape
  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 8
  • Square Footage: 3968

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Gas, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 1000
  • Trash Removal: 350
  • Water Sewer: 500

Condo/Co-op/Association

  • Lawn Snow Removal: 150
  • Maintenance Repair: 1500

Fee Information

  • Operating Expense: 7000

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.040
  • Lot Sq Ft: 1760
  • Zoning Code: Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 640723008927
  • County Taxes: 485.76
  • Municipal Taxes: 541.62
  • Total Taxes: 3446.77

Multi Family

  • School Taxes: 2419.39
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2020
Sold by
Rosario Jessica
Bought by
Rosario Investments Llc
Total Days on Market
7
Current Estimated Value
$319,192

Purchase Details

Listed on
Feb 1, 2017
Closed on
Mar 6, 2017
Sold by
Manolo Starks Llc
Bought by
Rosario Jessica
Seller's Agent
Eric Rothenberger
Better Homes&Gardens RE Valley
Buyer's Agent
Tyrone Riddick
Allentown City Realty
List Price
$89,900
Sold Price
$72,500
Premium/Discount to List
-$17,400
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.10%

Purchase Details

Closed on
Oct 27, 2010
Sold by
Federal National Mortgage Association
Bought by
Manolo Starks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2007
Sold by
Rosario Jose M
Bought by
Porter William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,630
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2005
Sold by
Jacoby Ralph E and Ressler Gwen J
Bought by
Rosario Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,065
Interest Rate
8.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 1998
Sold by
Heffelfinger Thomas R and Heffelfinger Esther P
Bought by
Jacoby Ralph E and Ressler Gwen J
Source: Public Records

Range of Values:

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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
Rosario Investments Llc $72,500 None Available
Rosario Jessica $72,500 None Available
Manolo Starks Llc $71,000 --
Porter William J $155,400 --
Rosario Jose M $97,850 None Available
Jacoby Ralph E $59,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manolo Starks Llc $80,000
Previous Owner Manolo Starks Llc $65,000
Previous Owner Manolo Starks Llc $65,000
Previous Owner Porter William S $147,630
Previous Owner Rosario Jose M $88,065
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2017 03/06/17 Sold $72,500 -19.4% $18 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $89,900 -- $23 / 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 $6,144 $195,900 $5,000 $190,900
2024 $6,144 $195,900 $5,000 $190,900
2023 $6,144 $195,900 $5,000 $190,900
2022 $5,921 $195,900 $190,900 $5,000
2021 $5,798 $195,900 $5,000 $190,900
2020 $5,641 $195,900 $5,000 $190,900
2019 $3,768 $132,000 $5,000 $127,000
2018 $3,533 $132,000 $5,000 $127,000
2017 $3,441 $132,000 $5,000 $127,000
2016 -- $132,000 $5,000 $127,000
2015 -- $132,000 $5,000 $127,000
2014 -- $132,000 $5,000 $127,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 538114

Greater Lehigh Valley REALTORS®

APN: 640723008927-1