407 N 4th St Allentown, PA 18102
Center City Neighborhood
3
Beds
1
Bath
1,291
Sq Ft
1,163
Sq Ft Lot
About This Home
As of February 2024Investor's dream! This 3-bed, 1-bath row home in Center City Allentown is an ideal investment property. With a spacious open living room and dining room, a welcoming front porch, and ample backyard space, it offers great potential for rental income or future resale. Well-maintained and conveniently located near amenities, this property presents a prime opportunity for savvy investors. Don't miss out on turning this city gem into a lucrative investment! Lease in place with a 7.37% CAP RATE.
Last Agent to Sell the Property
IronValley RE of Lehigh Valley License #RS348094 Listed on: 01/09/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,741
Year Built
- Built in 1907
Home Design
- Brick Exterior Construction
- Stucco Exterior
- Vinyl Construction Material
Interior Spaces
- 1,291 Sq Ft Home
- 2.5-Story Property
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Baseboard Heating
- Heating System Uses Oil
Additional Features
- Patio
- 1,163 Sq Ft Lot
Community Details
- Insurance Expense $1,172
- Trash Expense $375
- Water Sewer Expense $883
- Operating Expense $5,929
- Gross Income $17,577
- Net Operating Income $13,405
Listing and Financial Details
- Assessor Parcel Number 640723021246 001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2014
Closed on
Dec 19, 2014
Sold by
Funaro Alexander
Bought by
Tammany Llc
Seller's Agent
Leslie Morrone
NON MBR Office
Buyer's Agent
Brittany Jones
BHHS Regency Real Estate
List Price
$33,000
Sold Price
$33,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,787
Avg. Annual Appreciation
17.60%
Purchase Details
Listed on
Oct 22, 2014
Closed on
Dec 1, 2014
Sold by
Perez Flor
Bought by
Funaro Alexander
Seller's Agent
Leslie Morrone
NON MBR Office
Buyer's Agent
Brittany Jones
BHHS Regency Real Estate
List Price
$33,000
Sold Price
$33,000
Purchase Details
Listed on
Oct 8, 2012
Closed on
May 10, 2013
Sold by
Merkel Bruce L
Bought by
Perez Flor
Seller's Agent
John Locher
BHHS Fox & Roach - Allentown
Buyer's Agent
Leslie Morrone
NON MBR Office
List Price
$40,000
Sold Price
$30,000
Premium/Discount to List
-$10,000
-25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Purchase Details
Closed on
Aug 18, 2008
Sold by
J P Morgan Chase Bank
Bought by
Merkel Bruce L
Purchase Details
Closed on
Aug 31, 2005
Sold by
Alkhal Karen N
Bought by
Rodriguez Ricardo A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,450
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Allentown, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $54,417 | None Available | |
| Deed | $33,000 | None Available | |
| Warranty Deed | $30,000 | -- | |
| Warranty Deed | $33,000 | -- | |
| Deed | $70,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $63,450 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/16/2024 02/16/24 | Sold | $155,000 | +4.0% | $120 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 01/09/2024 01/09/24 | For Sale | $149,000 | 0.0% | $115 / Sq Ft |
| 10/01/2021 10/01/21 | Rented | $1,150 | 0.0% | -- |
| 09/10/2021 09/10/21 | Under Contract | -- | -- | -- |
| 09/03/2021 09/03/21 | For Rent | $1,150 | 0.0% | -- |
| 07/25/2018 07/25/18 | Sold | $75,000 | 0.0% | $57 / Sq Ft |
| 06/07/2018 06/07/18 | Pending | -- | -- | -- |
| 01/13/2018 01/13/18 | For Sale | $75,000 | +15.4% | $57 / Sq Ft |
| 08/11/2017 08/11/17 | Sold | $65,000 | -5.1% | $50 / Sq Ft |
| 08/06/2017 08/06/17 | Pending | -- | -- | -- |
| 06/30/2017 06/30/17 | For Sale | $68,500 | +74.3% | $53 / Sq Ft |
| 06/10/2016 06/10/16 | Sold | $39,299 | +0.8% | $25 / Sq Ft |
| 04/28/2016 04/28/16 | Pending | -- | -- | -- |
| 03/07/2016 03/07/16 | For Sale | $39,000 | +18.2% | $25 / Sq Ft |
| 12/01/2014 12/01/14 | Sold | $33,000 | 0.0% | $25 / Sq Ft |
| 10/25/2014 10/25/14 | Pending | -- | -- | -- |
| 10/22/2014 10/22/14 | For Sale | $33,000 | +10.0% | $25 / Sq Ft |
| 05/10/2013 05/10/13 | Sold | $30,000 | -25.0% | $23 / Sq Ft |
| 04/15/2013 04/15/13 | Pending | -- | -- | -- |
| 10/08/2012 10/08/12 | For Sale | $40,000 | -- | $30 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
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 | $1,803 | $56,100 | $3,700 | $52,400 |
| 2024 | $1,803 | $56,100 | $3,700 | $52,400 |
| 2023 | $1,803 | $56,100 | $3,700 | $52,400 |
| 2022 | $1,739 | $56,100 | $52,400 | $3,700 |
| 2021 | $1,704 | $56,100 | $3,700 | $52,400 |
| 2020 | $1,659 | $56,100 | $3,700 | $52,400 |
| 2019 | $1,631 | $56,100 | $3,700 | $52,400 |
| 2018 | $1,526 | $56,100 | $3,700 | $52,400 |
| 2017 | $1,486 | $56,100 | $3,700 | $52,400 |
| 2016 | -- | $56,100 | $3,700 | $52,400 |
| 2015 | -- | $56,100 | $3,700 | $52,400 |
| 2014 | -- | $56,100 | $3,700 | $52,400 |
Source: Public Records
Agents Affiliated with this Home
-
I
Seller's Agent in 2024
Isa Peralta
IronValley RE of Lehigh Valley
(610) 766-7200
10 in this area
55 Total Sales
-
J
Buyer's Agent in 2024
Joseph Jackson
CENTURY 21 Keim Realtors
(516) 233-8700
9 in this area
23 Total Sales
-
E
Seller's Agent in 2021
Elie Daher
Keystone Prop Mngmnt&Maint LLC
(610) 432-1553
8 in this area
16 Total Sales
-
C
Seller Co-Listing Agent in 2021
Carol Ryan
West End Associates
(610) 435-9669
30 in this area
53 Total Sales
-
Seller's Agent in 2018
Felix Figueroa
BHHS Fox & Roach
(484) 695-9912
26 in this area
127 Total Sales
-
A
Buyer's Agent in 2018
Alina King
Iron Valley R E Northeast
(484) 523-9921
9 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 730437
APN: 640723021192-1
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