$369,900
SOLD SEP 15, 2023

38 W Central Ave Bangor, PA 18013

-- Bed
-- Bath
3,478 Sq Ft
8,080 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

6 Days on Market

About This Home

As of September 2023

Here is a nice 5 unit with maintenance free exterior that has newer vinyl siding and windows. There is a huge parking lot behind the building for all the tenants. Inside there are 5 nicely appointed apartments with newer bathrooms and kitchens. The tenants pay their own electric and heat. There is potential for coin operated washer and dryer for additional income. Rents could also be raised to reflect current rates. All tenants have a month-to-month lease. You don't want to miss this opportunity to add this property to your current portfolio.

Last Agent to Sell the Property

Joe Kessler

Realty Executives Listed on: 08/01/2023

Realty Executives

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,584

Year Built

  • Built in 1900

Lot Details

  • 8,080 Sq Ft Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 3,478 Sq Ft Home
  • 3-Story Property

Parking

  • 8 Parking Spaces
  • Unpaved Parking

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number D10SW1C3-6A-0109

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,121
  • Insurance Expense $1,935
  • Trash Expense $1,132
  • Water Sewer Expense $3,630
  • Operating Expense $3,168
  • Gross Income $38,100
  • Net Operating Income $20,962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,584

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Complex
  • County Assessment: 69700.00
  • Stories: 3.0
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Square Footage: 3478

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: No Air
  • Heat Type: Electric, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 1121
  • Gas: 423
  • Insurance: 1935
  • Trash Removal: 1132
  • Water Sewer: 3630

Fee Information

  • Operating Expense: 3168

Schools

  • School District: Bangor

Lot Info

  • Acres: 0.185
  • Lot Sq Ft: 8080
  • Zoning Code: r

Tax Info

  • Assessor Parcel Number: D10SW1C3-6A-0109
  • County Taxes: 752.76
  • Municipal Taxes: 869.16
  • Total Taxes: 5584.37

Multi Family

  • School Taxes: 3962.45
  • Total Units: 5
  • Total Unit Count: 5

MLS Schools

  • School District: Bangor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 15, 2023
Sold by
38 West Central Avenue Associates Llc
Bought by
Mplp2000 Llc
Seller's Agent
Joe Kessler
Realty Executives
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$369,900
Sold Price
$369,900
Views
12
Current Estimated Value
$410,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,801
Avg. Annual Appreciation
5.51%
Original Mortgage
$295,920
Outstanding Balance
$290,136
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$120,565

Purchase Details

Listed on
Aug 5, 2020
Closed on
Aug 20, 2020
Sold by
Comunale Frank and Comunale Ashley R
Bought by
38 West Central Avenue Associates Llc
Seller's Agent
Frank Comunale
Country Classic Real Estate
Buyer's Agent
Joe Kessler
Realty Executives
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$232,500
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2010
Sold by
Fannie Mae
Bought by
Comunale Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
4.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 30, 2010
Sold by
Funk Keith M and Funk Teresa M Reilly
Bought by
Federal National Mortgage Association
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 Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Deed $310,000 Oz Abstract & Setmnt Svcs In
Deed $80,000 None Available
Sheriffs Deed $1,668 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $295,920 New Conventional
Previous Owner $232,500 Commercial
Previous Owner $60,000 Future Advance Clause Open End Mortgage
Previous Owner $142,800 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $369,900 0.0% $106 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $369,900 0.0% $106 / Sq Ft
04/29/2022 04/29/22 Rented $700 0.0% --
04/12/2022 04/12/22 For Rent $700 0.0% --
08/21/2020 08/21/20 Sold $310,000 -1.6% $89 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $315,000 -- $91 / 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 $753 $69,700 $15,900 $53,800
2024 $5,619 $69,700 $15,900 $53,800
2023 $5,550 $69,700 $15,900 $53,800
2022 $5,550 $69,700 $15,900 $53,800
2021 $5,620 $69,700 $15,900 $53,800
2020 $5,620 $69,700 $15,900 $53,800
2019 $5,547 $69,700 $15,900 $53,800
2018 $5,508 $69,700 $15,900 $53,800
2017 $5,470 $69,700 $15,900 $53,800
2016 -- $69,700 $15,900 $53,800
2015 -- $69,700 $15,900 $53,800
2014 -- $69,700 $15,900 $53,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Joe Kessler

    Realty Executives

    Section Image
  • Jennifer de Jesus

    Buyer's Agent in 2023

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    12 in this area

    429 Total Sales

    Jennifer de Jesus
    Section Image

  • C

    Seller's Agent in 2022

    Colin Kessler

    Coldwell Banker Hearthside

    (610) 751-3687

    8 in this area

    16 Total Sales

    Colin Kessler
    Section Image

  • F

    Seller's Agent in 2020

    Frank Comunale

    Country Classic Real Estate

    (610) 392-0903

    23 in this area

    52 Total Sales

    Frank Comunale
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 721397

Greater Lehigh Valley REALTORS®

APN: D10SW1C3-6A-0109

Pennsylvania Northampton County Bangor 18013

38 W Central Ave, Bangor, PA

This home is located at 38 W Central Ave, Bangor, PA 18013 and is currently priced at $369,900, approximately $106 per square foot. This property was built in 1900. 38 W Central Ave is a home located in Northampton County with nearby schools including Bangor Area High School and Faith Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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