NOT LISTED FOR SALE

408 Hunter Way New Bethlehem, PA 16242

Estimated Value: $106,517

8 Beds
6 Baths
5,712 Sq Ft
$19/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $145,000 $25 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $687/month

1,494 Days on Market

About This Home

As of December 2021

PRIME LOCATION in downtown New Bethlehem. 3 level, 6 unit fully remodeled apartment building with easy walk to schools, shopping, banking, fishing and medical needs. All units come complete with full appliance package to include laundry for each unit. All units HUD approved. Currently rented for $600/2 bedroom unit and $550/1 bedroom unit. Owner pays all utilities. Fulfill your dreams of being a landlord for $215,000

Last Agent to Sell the Property

Ryan Wells

Pat Merwin Realty License #RS202869L Listed on: 10/04/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,909

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33x72
  • 20020085

Interior Spaces

  • 5,712 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20-020-085

Community Details

Overview

  • 6 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $400
  • Insurance Expense $700
  • Water Sewer Expense $300
  • Operating Expense $1,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,909

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Lot Size: 33x72
  • Directions: From CCCH take Route 66 to New Bethlehem, Turn left onto Hunter Street, see property on right
  • Building Stories: 3
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Unit 1 Stove, Unit 2 Stove, Unit 3 Stove, Unit 4 Stove, Unit 5 Stove, Unit 6 Stove, Unit 1 Refrigerator, Unit 2 Refrigerator, Unit 3 Refrigerator, Unit 4 Refrigerator, Unit 5 Refrigerator, Unit 6 Refrigerator
  • Has Basement: No Basement/Foundation
  • Total Bedrooms: 8

Exterior Features

  • Construction Type: Block
  • Foundation Details: No Basement/Foundation
  • Roof: Other

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 300

Schools

  • Junior High Dist: Redbank Valley

Lot Info

  • Lot Size Sq Ft: 3920.4
  • Additional Parcels Description: 20020085
  • Additional Parcels: Yes
  • Zoning: Commercial
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 400
  • Insurance Expense: 700
  • Annual Operating Expense: 1950
  • Total Actual Rent: 3400
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 2909
  • Tax Map Number: 20-020-085
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Dec 6, 2021
Sold by
Powell Nicole R and Magness Seth A
Bought by
A J M Rentals Llc
Seller's Agent
Ryan Wells
Pat Merwin Realty
Buyer's Agent
Ryan Wells
Pat Merwin Realty
List Price
$275,000
Sold Price
$145,000
Premium/Discount to List
-$130,000
-47.27%
Current Estimated Value
$106,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,483
Avg. Annual Appreciation
-8.81%
Original Mortgage
$117,194
Outstanding Balance
$102,349
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$746

Purchase Details

Closed on
Feb 22, 2008
Sold by
Sherman James D and Sherman Charlotte D
Bought by
Powell Nicole R and Magness Seth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.75%
Mortgage Type
Future Advance Clause Open End Mortgage
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
A J M Rentals Llc $145,000 None Available
Powell Nicole R $59,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A J M Rentals Llc $117,194
Previous Owner Powell Nicole R $215,039
Previous Owner Magness Seth A $225,600
Previous Owner Magness Seth A $196,000
Previous Owner Powell Nicole R $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $145,000 -47.3% $25 / Sq Ft
11/14/2021 11/14/21 Pending -- -- --
10/11/2017 10/11/17 For Sale $275,000 -- $48 / Sq Ft
Source: Allegheny Valley Board of 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 $3,743 $38,400 $820 $37,580
2024 $3,667 $38,400 $820 $37,580
2023 $3,561 $38,400 $820 $37,580
2022 $3,480 $38,400 $820 $37,580
2021 $3,472 $38,400 $820 $37,580
2020 $2,986 $38,400 $820 $37,580
2019 $2,909 $38,400 $820 $37,580
2018 $2,828 $38,400 $820 $37,580
2017 $2,772 $38,400 $820 $37,580
2016 $2,770 $38,400 $820 $37,580
2014 -- $38,400 $820 $37,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 150376

APN: 020-004570