$202,500
SOLD DEC 16, 2016

420 N 22nd St Allentown, PA 18104

West End Allentown Neighborhood
4 Beds
1 Bath
1,995 Sq Ft
2,979 Sq Ft Lot

Recently Sold

$102 Per Sq Ft

8% Below List Price

39 Days on Market

About This Home

As of October 2021

Very 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.

Last Agent to Sell the Property

Andrew Dilg

RE/MAX Real Estate Listed on: 08/21/2016

Last Buyer's Agent

Rudy Amelio

Rudy Amelio Real Estate

Rudy Amelio Real Estate

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,130

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Semi Detached/Twin
  • County Assessment: 154800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 4
  • Square Footage: 1995

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 2

Utilities

  • Cooling: Window AC
  • Heat Type: Oil
  • Sewer: Public
  • Water: Public
  • Insurance: 742

Fee Information

  • Operating Expense: 75

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.068
  • Lot Sq Ft: 2979
  • Zoning Code: R-M-Medium Density Residential

Tax Info

  • Assessor Parcel Number: 549619526782001
  • County Taxes: 569.66
  • Municipal Taxes: 723.48
  • Total Taxes: 4130.42
  • Taxes: 4130

Multi Family

  • School Taxes: 2837.28
  • Total Units: 1
  • Total Unit Count: 1

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
$314,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,615
Avg. Annual Appreciation
8.13%

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
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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 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
Previous Owner $607,500 Purchase Money Mortgage
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

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 $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

  • Rudy Amelio

    Seller's Agent in 2021

    Rudy Amelio

    Rudy Amelio Real Estate

    (610) 437-5501

    44 in this area

    390 Total Sales

    Rudy Amelio
    Section Image
  • Jennifer Hart

    Seller Co-Listing Agent in 2021

    Jennifer Hart

    Rudy Amelio Real Estate

    (484) 767-3337

    36 in this area

    256 Total Sales

    Jennifer Hart
    Section Image
  • Andrew Dilg

    Seller's Agent in 2016

    Andrew Dilg

    RE/MAX

    (773) 301-3644

    28 in this area

    278 Total Sales

    Andrew Dilg
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 528256

Greater Lehigh Valley REALTORS®

APN: 549619526782-1

Pennsylvania Lehigh County Allentown 18104 West End Allentown

420 N 22nd St, Allentown, PA

This home is located at 420 N 22nd St, Allentown, PA 18104 and is currently priced at $202,500, approximately $101 per square foot. This property was built in 1925. 420 N 22nd St is a home located in Lehigh County with nearby schools including Muhlenberg Elementary School, Trexler Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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