NOT LISTED FOR SALE

426 Delaware Ave Palmerton, PA 18071

Estimated Value: $321,893

8 Beds
4.5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold November 30, 2016

Last sale price $175,000

Est. 84% increase in value since last sale

Current estimated payment $2,371/month

289 Days on Market

About This Home

As of November 2016

Mixed use building on the Main Commercial Corridor in Palmerton. Features approximately 1500 sq. ft of commercial space currently used as a laundromat, including 1 first floor apartment with 2Br, 1 bath and storage room and an additional 3 units with 2BR, 1 bath, Units have fairly modern kitchens, some with dishwashers and baths.

Last Agent to Sell the Property

Randy Beitler

HowardHanna TheFrederickGroup Listed on: 01/25/2016

HowardHanna TheFrederickGroup

Co-Listed By

Robert Bury

HowardHanna TheFrederickGroup

Last Buyer's Agent

Randy Beitler

HowardHanna TheFrederickGroup Listed on: 01/25/2016

HowardHanna TheFrederickGroup

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 40x190

Home Design

  • Converted Dwelling
  • Frame Construction

Interior Spaces

  • 3-Story Property
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 5 Car Garage
  • Off-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 42A-48-E7

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $500
  • Insurance Expense $5,352
  • Water Sewer Expense $5,000
  • Operating Expense $18,984
  • Gross Income $45,420
  • Net Operating Income $26,436

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Converted
  • Technology: Cable
  • County Assessment: 76100.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Wall-to-Wall Carpet
  • Bathrooms: Modern, Semi Modern
  • Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms: 8

Exterior Features

  • Construction: Aluminum, Frame

Garage/Parking

  • Parking: Garage, Off Site
  • Parking Spaces: 5

Utilities

  • Cooling: No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 500
  • Gas: 2628
  • Insurance: 5352
  • Water Sewer: 5000

Fee Information

  • Operating Expense: 18984

Schools

  • School District: Palmerton

Lot Info

  • Acres: 0.170
  • Lot Dimensions: 40x190
  • Lot Sq Ft: 7405
  • Zoning Code: CD

Tax Info

  • Assessor Parcel Number: 42A-48-E7
  • County Taxes: 780.03
  • Municipal Taxes: 629.35
  • Total Taxes: 5504.08
  • Taxes: 5504

Multi Family

  • School Taxes: 4094.71
  • Total Units: 7
  • Total Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Nov 30, 2016
Sold by
Pielmeier Karl
Bought by
Torres Jose L Garcia
Seller's Agent
Randy Beitler
HowardHanna TheFrederickGroup
Buyer's Agent
Randy Beitler
HowardHanna TheFrederickGroup
List Price
$299,000
Sold Price
$175,000
Premium/Discount to List
-$124,000
-41.47%
Current Estimated Value
$321,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,893
Avg. Annual Appreciation
7.20%
Original Mortgage
$100,000
Outstanding Balance
$80,961
Interest Rate
3.52%
Mortgage Type
Commercial
Estimated Equity
$240,932
Source: Public Records

Range of Values:

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
Torres Jose L Garcia $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Jose L Garcia $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $175,000 -41.5% --
11/09/2016 11/09/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $299,000 -- --
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 $7,563 $76,100 $15,000 $61,100
2024 $6,977 $76,100 $15,000 $61,100
2023 $6,768 $76,100 $15,000 $61,100
2022 $6,557 $76,100 $15,000 $61,100
2021 $6,301 $76,100 $15,000 $61,100
2020 $6,149 $76,100 $15,000 $61,100
2019 $5,997 $76,100 $15,000 $61,100
2018 $5,997 $76,100 $15,000 $61,100
2017 $5,902 $76,100 $15,000 $61,100
2016 -- $76,100 $15,000 $61,100
2015 -- $76,100 $15,000 $61,100
2014 -- $76,100 $15,000 $61,100
Source: Public Records

Agents Affiliated with this Home

  • Randy Beitler

    Seller's Agent in 2016

    Randy Beitler

    HowardHanna TheFrederickGroup

    (610) 393-9629

    116 Total Sales

    Randy Beitler
    Section Image

  • R

    Seller Co-Listing Agent in 2016

    Robert Bury

    HowardHanna TheFrederickGroup

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 511658

Greater Lehigh Valley REALTORS®

APN: 42A-48-E7

Pennsylvania Carbon County Palmerton 18071

426 Delaware Ave, Palmerton, PA

This home is located at 426 Delaware Ave, Palmerton, PA 18071 since 25 January 2016 and is currently estimated at $321,893. 426 Delaware Ave is a home located in Carbon County with nearby schools including Palmerton Area High School and St. John Neumann Regional 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.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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