NOT LISTED FOR SALE

43 S Main St Allentown, NJ 08501

Estimated Value: $441,652 - $598,000

2 Beds
2 Baths
2,029 Sq Ft
$264/Sq Ft Est. Value

Last Sold May 26, 2023

Last sale price $363,000 $179 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,387/month

14 Days on Market

Highlights

  • Lake Front
  • Lake On Lot
  • 3-minute walk to Connie's Millpond Park
  • Allentown High School Rated A-
  • Cooling Available

About This Home

As of May 2023

Great income producing property in the heart of Allentown. Walk to Parks, restaurants, shops and school. Each unit offers living room, dining room, kitchen, bedroom and bath. Walk up loft in 2nd floor unit. Property has access to the lake and the amazing views. Rent them both or live in one. Sale is subject to the existing leases. 1st floor lease expires August 15, 2023. Current rent $1125/month . 2nd floor lease expires August 30, 2023. Current rent $1135/month. Tenants pay electric, cable access. Owner pays gas /Heat, water and sewer. Restricted showing times.

Last Agent to Sell the Property

Jessica Ugi

ERA Central Realty Group License #2080500 Listed on: 05/05/2023

ERA Central Realty Group

Last Buyer's Agent

Cynthia Malsbury

ERA/ Advantage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,424

Year Built

  • Built in 1900

Lot Details

  • 4,225

Parking

  • No Garage

Home Design

  • Duplex

Interior Spaces

  • 2,029 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Partial Basement
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Allentown Elementary School
  • Upper Freehold Reg Middle School
  • Allentown High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Lake On Lot
  • Lake Front

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: tenants personal property 1st floor washer, dryer, window AC
  • Assessor Parcel Number 03-00014-00028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,424

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1900
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Upper Freehold Reg
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Water Type Lake: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 2 Electric Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 2
  • Basement:Partial: Yes

Exterior Features

  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exclusions: tenants personal property 1st floor washer, dryer, window AC

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Upper Freehold Reg

Lot Info

  • Parcel #: 03-00014-00028

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7424.0
  • Tax Other Annual Assessment Amount: 245100.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Allentown
  • High School: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
May 26, 2023
Sold by
Lalka Joseph S and Lalka Franceen Z
Bought by
Spatola Richard
Seller's Agent
Jessica Ugi
ERA Central Realty Group
Buyer's Agent
Cynthia Malsbury
ERA/ Advantage Realty
List Price
$360,000
Sold Price
$363,000
Premium/Discount to List
$3,000
0.83%
Views
61
Current Estimated Value
$506,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,838
Avg. Annual Appreciation
18.59%

Purchase Details

Closed on
Jun 13, 1985
Bought by
Lalka Joseph S and Lalka Franceen Z
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
Spatola Richard $363,000 Westcor Land Title
Lalka Joseph S $74,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spatola Richard $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold $363,000 +0.8% $179 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $360,000 -- $177 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional 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
2024 $7,054 $245,100 $105,500 $139,600
2023 $7,054 $245,100 $105,500 $139,600
2022 $7,417 $245,100 $105,500 $139,600
2021 $7,417 $245,100 $105,500 $139,600
2020 $7,233 $245,100 $105,500 $139,600
2019 $7,424 $245,100 $105,500 $139,600
2018 $7,466 $245,100 $105,500 $139,600
2017 $7,471 $245,100 $105,500 $139,600
2016 $7,456 $245,100 $105,500 $139,600
2015 $6,882 $243,100 $105,500 $137,600
2014 $6,796 $242,100 $105,500 $136,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22311983

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 03-00014-0000-00028