NOT LISTED FOR SALE

349 N 16th St Allentown, PA 18102

West End Allentown Neighborhood

Estimated Value: $263,000 - $453,000

4 Beds
2 Baths
1,964 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $159,900 $81 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $1,963/month

15 Days on Market

About This Home

As of August 2018

Great fully occupied multi to add to your investment portfolio with an 11 % cap rate. Fantastic opportunity to own a fully occupied 2 unit investment property in West Allentown by Lehigh Valley Hospital 17th St & West Park. 1st floor: Nice one bedroom unit is currently rented at $695.00 a month. 2nd/3rd floor: This 3 bedroom has good space which includes a living room, eat-in kitchen, 3 bedrooms and bath and is currently rented at $950.00 a month. But wait, there's more... 5, yes "5" rental income producing garages. A rare find in the city. New gas heating system provides energy efficiency. The seller will provide clear city resale certificate. Schedule your private tour today

Last Agent to Sell the Property

Janice Benner

RE/MAX Real Estate Listed on: 06/18/2018

RE/MAX Real Estate

Last Buyer's Agent

Betzabeth Nolasco

Better Homes&Gardens RE Valley License #RS344145

Better Homes&Gardens RE Valley

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,894

Year Built

  • Built in 1900

Lot Details

  • 1,699 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,964 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Home Security

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549750249317001

Community Details

Building Details

  • Electric Expense $384
  • Insurance Expense $1,556
  • Maintenance Expense $200
  • Water Sewer Expense $459
  • Operating Expense $3,955
  • Gross Income $23,640
  • Net Operating Income $16,791

Additional Features

  • 2 Units
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,894

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Row-End Unit
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 105500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Square Footage: 1964

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Radiator
  • Sewer: Public
  • Water: Public
  • Electric: 384
  • Heat: 1356
  • Insurance: 1556
  • Water Sewer: 459

Condo/Co-op/Association

  • Maintenance Repair: 200

Fee Information

  • Operating Expense: 3955

Lot Info

  • Acres: 0.039
  • Lot Sq Ft: 1699
  • Zoning Code: R-Mh

Tax Info

  • Assessor Parcel Number: 549750249317001
  • County Taxes: 384.02
  • Municipal Taxes: 502.55
  • Total Taxes: 2893.73

Multi Family

  • School Taxes: 2007.16
  • Total Units: 2
  • Total Unit Count: 7

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 31, 2018
Sold by
Sayre Richard F
Bought by
Pillier Richard A
Seller's Agent
Janice Benner
RE/MAX Real Estate
Buyer's Agent
Betzabeth Nolasco
Better Homes&Gardens RE Valley
List Price
$159,900
Sold Price
$159,900
Current Estimated Value
$317,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,939
Avg. Annual Appreciation
9.97%
Original Mortgage
$157,003
Outstanding Balance
$136,634
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$181,205

Purchase Details

Listed on
May 23, 2016
Closed on
Jul 13, 2016
Sold by
Decesare Brian F
Bought by
Sayre Richard F
Seller's Agent
Deborah Duminie
Coldwell Banker Heritage R E
Buyer's Agent
Janice Benner
RE/MAX Real Estate
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%
Original Mortgage
$100,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2003
Sold by
Epting Michael J and Hellmund Doris R
Bought by
Decesare Brian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,100
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 1992
Sold by
Epting Michael J and Hellmund Doris R
Bought by
Epting Michael J and Hellmund Doris R

Purchase Details

Closed on
May 22, 1987
Sold by
Mary Rubin H and Mary Jane Boyd
Bought by
Epting Michael J and Hellmund Doris R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Pillier Richard A $159,900 None Available
Sayre Richard F $125,000 None Available
Decesare Brian F $99,000 --
Epting Michael J -- --
Epting Michael J $81,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pillier Richard A $157,003
Previous Owner Sayre Richard F $100,000
Previous Owner Decesare Brian F $89,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2018 08/31/18 Sold $159,900 0.0% $81 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $159,900 +27.9% $81 / Sq Ft
07/15/2016 07/15/16 Sold $125,000 -3.8% $64 / Sq Ft View Prior Sale
06/03/2016 06/03/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $129,900 -- $66 / 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 $3,422 $105,500 $8,600 $96,900
2024 $3,422 $105,500 $8,600 $96,900
2023 $3,422 $105,500 $8,600 $96,900
2022 $3,301 $105,500 $96,900 $8,600
2021 $3,235 $105,500 $8,600 $96,900
2020 $3,151 $105,500 $8,600 $96,900
2019 $3,099 $105,500 $8,600 $96,900
2018 $2,894 $105,500 $8,600 $96,900
2017 $2,820 $105,500 $8,600 $96,900
2016 -- $105,500 $8,600 $96,900
2015 -- $105,500 $8,600 $96,900
2014 -- $105,500 $8,600 $96,900
Source: Public Records

Agents Affiliated with this Home

  • Janice Benner

    Seller's Agent in 2018

    Janice Benner

    RE/MAX

    (610) 393-9877

    9 in this area

    113 Total Sales

    Janice Benner
    Section Image

  • B

    Buyer's Agent in 2018

    Betzabeth Nolasco

    Better Homes&Gardens RE Valley

    Section Image

  • D

    Seller's Agent in 2016

    Deborah Duminie

    Coldwell Banker Heritage R E

See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 583772

Greater Lehigh Valley REALTORS®

APN: 549750249317-1

Pennsylvania Lehigh County Allentown 18102 West End Allentown

349 N 16th St, Allentown, PA

Not Listed for Sale

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