NOT LISTED FOR SALE

416 E Union St Tamaqua, PA 18252

Estimated Value: $104,000 - $159,000

-- Bed
2 Baths
1,744 Sq Ft
$79/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $95,000 $54 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $904/month

2 Days on Market

Highlights

  • Deck
  • Attic
  • Porch
  • Traditional Architecture
  • No HOA
  • Eat-In Kitchen

About This Home

As of May 2021

Check out this fully occupied money maker! Two Unit Detached Single located in Tamaqua's Dutch Hill section. First floor unit offers 2 bedrooms one full bath w/ generously sized eat-in kitchen and living room. Second floor unit offers identical layout w/ 3 bedrooms. Both units have access to the fenced in yard. Basement offers additional storage to the 1st floor tenant along with laundry hookup. Units have new carpet and fresh paint. Call today and add this profitable property to your portfolio, at a 13.4% cap rate you can't go wrong!

Last Agent to Sell the Property

Emily Schock

Bear Rock Realty LLC Listed on: 04/22/2021

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,542

Year Built

  • Built in 1915

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00
  • Back Yard
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Aluminum Siding

Interior Spaces

  • Bathtub with Shower
  • Ceiling Fan
  • Carpet
  • Attic

Kitchen

  • Eat-In Kitchen
  • Stove

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Rear Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, sewer, real estate taxes, trash collection, water
  • Tax Lot 0134
  • Assessor Parcel Number 65-08-0134

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Income includes apartment rentals
  • Insurance Expense $929
  • Trash Expense $408
  • Operating Expense $7,393
  • Net Operating Income $13,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,542

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: 1st floor tenant owns washer, dryer & dishwasher
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Check out this fully occupied money maker! Two Unit Detached Single located in Tamaqua's Dutch Hill section. First floor unit offers 2 bedrooms one full bath w/ generously sized eat-in kitchen and living room. Second floor unit offers identical layout w/ 3 bedrooms. Both units have access to the fenced in yard. Basement offers additional storage to the 1st floor tenant along with laundry hookup. Units have new carpet and fresh paint. Call today and add this profitable property to your portfolio, at a 13.4% cap rate you can't go wrong!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Interior Amenities: Attic, Carpet, Ceiling Fan(s), Kitchen - Eat-In, Tub Shower
  • Fireplace: No
  • Room Count: 7
  • Basement: Yes
  • Basement Type: Daylight, Full, Full, Outside Entrance, Rear Entrance, Walkout Level
  • Total Sq Ft: 2314
  • Living Area Sq Ft: 1744
  • Price Per Sq Ft: 56.48
  • Above Grade Finished Sq Ft: 1744
  • Below Grade Sq Ft: 570
  • Total Below Grade Sq Ft: 570
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 416

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Monthly Average Electric: 33
  • Previous Twelve Months Electric Expense: 396.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Oil Avg Month: 208.00
  • Heating Oil Prev12 Months: 2496.00
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 65
  • Water Previous Twelve Months: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: TAMAQUA AREA
  • School District Key: 300200396601
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 15940.00
  • Land Assessed Value: 3750.00
  • Land Use Code: 102
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Heat, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 20400.00
  • Units Furnished: All
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 9669138
  • School Tax: 785.00
  • Tax Annual Amount: 1542.00
  • Assessor Parcel Number: 65-08-0134
  • Tax Lot: 0134
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/21/2021

Multi Family

  • Gross Income: 20400.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7393.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: TAMAQUA AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
May 11, 2021
Sold by
Shoff Holdings Llc
Bought by
K Squared Ventures Llc
Seller's Agent
Emily Schock
Bear Rock Realty LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$98,500
Sold Price
$95,000
Premium/Discount to List
-$3,500
-3.55%
Current Estimated Value
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,000
Avg. Annual Appreciation
9.60%
Original Mortgage
$353,600
Outstanding Balance
$323,606
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$183,606

Purchase Details

Listed on
Dec 10, 2020
Closed on
Feb 12, 2021
Sold by
Bonenberger David J
Bought by
Shoff Holdings Llc
Seller's Agent
Mike McGinley
Towne And Country Real Estate, LLC
Buyer's Agent
Andrea Arner
Dean R. Arner Real Estate Company
List Price
$62,900
Sold Price
$56,600
Premium/Discount to List
-$6,300
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
580.75%
Original Mortgage
$45,280
Interest Rate
2.65%
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
K Squared Ventures Llc $95,000 Paramount Abstract Inc
Shoff Holdings Llc $56,600 Carbon Search & Setmnt Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open K Squared Ventures Llc $353,600
Previous Owner Shoff Holdings Llc $45,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $95,000 -3.6% $54 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $98,500 +74.0% $56 / Sq Ft
02/12/2021 02/12/21 Sold $56,600 -10.0% $32 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $62,900 -- $36 / Sq Ft
Source: Bright MLS

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 $1,719 $19,690 $3,750 $15,940
2024 $1,593 $19,690 $3,750 $15,940
2023 $1,593 $19,690 $3,750 $15,940
2022 $1,550 $19,690 $3,750 $15,940
2021 $1,542 $19,690 $3,750 $15,940
2020 $1,510 $19,690 $3,750 $15,940
2018 $1,463 $19,690 $3,750 $15,940
2017 $1,420 $19,690 $3,750 $15,940
2015 -- $19,690 $3,750 $15,940
2011 -- $19,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PASK135056

Bright MLS

APN: 65-08-0134.000