420 N 22nd St Allentown, PA 18104
West End Allentown Neighborhood
4
Beds
1
Bath
1,995
Sq Ft
2,979
Sq Ft Lot
About This Home
As of October 2021Very rare Muhlehberg College student rental property where zoning allows to rent to 4 college students. Cash cow! Approximate 10% cap rate with the potential to increase the rent. 100% occupancy rate over the last 12 years. Lease is 12 months in length and one has been already signed for the 2016-2017 school year which goes through the end of May 2017. Each student on the lease has a parent co-sign the lease. Tenants pay for all utilities.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,130
Year Built
- Built in 1925
Lot Details
- 2,979 Sq Ft Lot
Home Design
- 1,995 Sq Ft Home
- Semi-Detached or Twin Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Parking
- 2 Parking Spaces
- Paved Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
Community Details
- Insurance Expense $742
- Operating Expense $75
- Gross Income $27,120
- Net Operating Income $22,173
Listing and Financial Details
- Assessor Parcel Number 549619526782001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2021
Closed on
Oct 29, 2021
Sold by
Taglioli Porperties Allentown Llc
Bought by
Relevant Property Group Llc
Seller's Agent
Rudy Amelio
Rudy Amelio Real Estate
Buyer's Agent
Jennifer Hart
Rudy Amelio Real Estate
List Price
$249,500
Sold Price
$225,000
Premium/Discount to List
-$24,500
-9.82%
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
$80,674
Avg. Annual Appreciation
6.76%
Purchase Details
Listed on
Aug 21, 2016
Closed on
Dec 16, 2016
Sold by
Silsbee Jeffrey C and Kunz Brian T
Bought by
Taglioli Properties Allentown Llc
Seller's Agent
Andrew Dilg
RE/MAX Real Estate
Buyer's Agent
Rudy Amelio
Rudy Amelio Real Estate
List Price
$220,000
Sold Price
$202,500
Premium/Discount to List
-$17,500
-7.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Original Mortgage
$607,500
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 28, 2004
Sold by
Mccauley Richard A and Becker Rodger Q
Bought by
Silsbee Jeffrey C and Kunz Brian T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 28, 2003
Sold by
Griffin Charles D and Griffin Ingrid E
Bought by
Mccauley Richard A and Becker Rodger Q
Purchase Details
Closed on
Oct 28, 1988
Sold by
Ward Gary C and Ward Patricia E
Bought by
Riemer Ingrid E
Purchase Details
Closed on
Nov 10, 1978
Sold by
Ward Gary C and Ward Patricia E
Bought by
Ward Gary C and Ward Patricia E
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 |
|---|---|---|---|
| Deed | $225,000 | Vast Abstract | |
| Deed | $810,000 | None Available | |
| Deed | $120,000 | -- | |
| Deed | $108,000 | -- | |
| Deed | $107,000 | -- | |
| Deed | $36,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,107,225 | New Conventional | |
| Previous Owner | $607,500 | Purchase Money Mortgage | |
| Previous Owner | $82,600 | New Conventional | |
| Previous Owner | $96,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2021 10/29/21 | Sold | $225,000 | -9.8% | $113 / Sq Ft |
| 08/27/2021 08/27/21 | Pending | -- | -- | -- |
| 07/16/2021 07/16/21 | For Sale | $249,500 | +23.2% | $125 / Sq Ft |
| 12/16/2016 12/16/16 | Sold | $202,500 | -8.0% | $102 / Sq Ft |
| 09/29/2016 09/29/16 | Pending | -- | -- | -- |
| 08/21/2016 08/21/16 | For Sale | $220,000 | -- | $110 / 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 | $5,003 | $154,800 | $11,700 | $143,100 |
| 2024 | $5,003 | $154,800 | $11,700 | $143,100 |
| 2023 | $5,003 | $154,800 | $11,700 | $143,100 |
| 2022 | $4,826 | $154,800 | $143,100 | $11,700 |
| 2021 | $4,730 | $154,800 | $11,700 | $143,100 |
| 2020 | $4,605 | $154,800 | $11,700 | $143,100 |
| 2019 | $4,530 | $154,800 | $11,700 | $143,100 |
| 2018 | $4,232 | $154,800 | $11,700 | $143,100 |
| 2017 | $4,124 | $154,800 | $11,700 | $143,100 |
| 2016 | -- | $154,800 | $11,700 | $143,100 |
| 2015 | -- | $154,800 | $11,700 | $143,100 |
| 2014 | -- | $154,800 | $11,700 | $143,100 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
Rudy Amelio
Rudy Amelio Real Estate
(610) 437-5501
43 in this area
391 Total Sales
-
Seller Co-Listing Agent in 2021
Jennifer Hart
Rudy Amelio Real Estate
(484) 767-3337
34 in this area
247 Total Sales
-
Seller's Agent in 2016
Andrew Dilg
RE/MAX
(773) 301-3644
27 in this area
278 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 528256
APN: 549619526782-1
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