NOT LISTED FOR SALE

416 E 4th St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood
-- Bed
-- Bath
2,797 Sq Ft
3,615 Sq Ft Lot

Last Sold April 30, 2018

Last sale price $315,000 $113 Per Sq Ft

102 Days on Market

About This Home

As of April 2018

8.5% Cap Rate. Great, Income generating modern multi-unit property. The entire property has been taken down to the brick and totally rebuilt. All units have been reconstructed with modern kitchens, stainless steel appliances, and modern amenities. The first floor commercial tenant is on a three year escalating lease with options to renew. All electricity is separate and there few costs to owner. The close proximity to Lehigh University gives a unique opportunity to turn this property into a student rental. This property will not last.

Last Agent to Sell the Property

Garrett Benner

Boutique One Properties LLC Listed on: 11/30/2017

Last Buyer's Agent

Garrett Benner

Boutique One Properties LLC Listed on: 11/30/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,154

Year Built

  • Built in 1910

Lot Details

  • 3,615

Parking

  • Off-Site Parking

Home Design

  • 2,797 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number P6SE1B 24 5 0204

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $3,000
  • Other Expense $1,704
  • Trash Expense $150
  • Water Sewer Expense $300
  • Operating Expense $2,304
  • Gross Income $37,368
  • Net Operating Income $32,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,154

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Mixed Use
  • County Assessment: 47000.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Square Footage: 2797

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site

Utilities

  • Cooling: Window AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 3000
  • Trash Removal: 150
  • Water Sewer: 300

Condo/Co-op/Association

  • Lawn Snow Removal: 150

Fee Information

  • Operating Expense: 2304

Lot Info

  • Zoning Code: CG

Rental Info

  • Other Expenses: 1704

Tax Info

  • Assessor Parcel Number: P6SE1B 24 5 0204
  • County Taxes: 507.60
  • Municipal Taxes: 899.58
  • Total Taxes: 4154.33

Multi Family

  • School Taxes: 2747.15
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Bethlehem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2017
Closed on
Apr 30, 2018
Sold by
Matador Holding Co Llc
Bought by
Vici5 Llc
Seller's Agent
Garrett Benner
Boutique One Properties LLC
Buyer's Agent
Garrett Benner
Boutique One Properties LLC
List Price
$399,900
Sold Price
$315,000
Premium/Discount to List
-$84,900
-21.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Outstanding Balance
$613,620
Interest Rate
4.44%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 16, 2012
Closed on
Sep 26, 2012
Sold by
Yaswinski Cynthia A
Bought by
Matador Holding Co Llc
Seller's Agent
Linda Kuklentz
Main St. Real Estate Group
Buyer's Agent
Joe D'Ambrosio
Morganelli Properties LLC
List Price
$175,000
Sold Price
$100,000
Premium/Discount to List
-$75,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.78%
Original Mortgage
$125,000
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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

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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
Vici5 Llc $890,000 Penn Jersey Abstract Inc
Matador Holding Co Llc $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vici5 Llc $712,000
Previous Owner Matador Holding Co Llc $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2018 04/30/18 Sold $315,000 -21.2% $113 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
11/30/2017 11/30/17 For Sale $399,900 0.0% $143 / Sq Ft
12/19/2014 12/19/14 Rented $1,000 0.0% --
12/19/2014 12/19/14 Under Contract -- -- --
11/05/2014 11/05/14 For Rent $1,000 0.0% --
09/27/2012 09/27/12 Sold $100,000 -42.9% $36 / Sq Ft View Prior Sale
05/21/2012 05/21/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $175,000 -- $63 / 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 $508 $47,000 $24,100 $22,900
2024 $4,154 $47,000 $24,100 $22,900
2023 $4,154 $47,000 $24,100 $22,900
2022 $4,122 $47,000 $24,100 $22,900
2021 $4,094 $47,000 $24,100 $22,900
2020 $4,055 $47,000 $24,100 $22,900
2019 $4,042 $47,000 $24,100 $22,900
2018 $3,943 $47,000 $24,100 $22,900
2017 $3,896 $47,000 $24,100 $22,900
2016 -- $47,000 $24,100 $22,900
2015 -- $47,000 $24,100 $22,900
2014 -- $47,000 $24,100 $22,900
Source: Public Records

Agents Affiliated with this Home

  • Garrett Benner

    Seller's Agent in 2018

    Garrett Benner

    Boutique One Properties LLC

    (484) 892-0806

    3 in this area

    8 Total Sales

    Garrett Benner
    Section Image

  • A

    Seller's Agent in 2014

    Andrew Juhasz

    Boutique One Properties LLC

  • L

    Seller's Agent in 2012

    Linda Kuklentz

    Main St. Real Estate Group

    (610) 428-5050

    5 in this area

    36 Total Sales

    Linda Kuklentz
    Section Image

  • J

    Buyer's Agent in 2012

    Joe D'Ambrosio

    Morganelli Properties LLC

    (610) 417-1315

    6 in this area

    17 Total Sales

    Joe D'Ambrosio
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 565322

Greater Lehigh Valley REALTORS®

APN: P6SE1B-24-5-0204

Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

416 E 4th St, Bethlehem, PA

Not Listed for Sale

MultiFamily

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