NOT LISTED FOR SALE

431 Cherokee St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood

Estimated Value: $409,000 - $540,000

8 Beds
4 Baths
3,089 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 23, 2013

Last sale price $250,000 $81 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,604/month

100 Days on Market

Highlights

  • 0.14 Acre Lot
  • Balcony
  • Radiator
  • Wood Flooring
  • 2 Car Garage

About This Home

As of August 2013

It is time to start investing again; this solid investment property offers you a great return on investment that will enhance any portfolio, it’s proudly being offered at $299,900 with an effective Cap Rate of 9.672. The apartment mix features 3 (2) bedroom 1 (3) bedroom and a Rented 2 car garage! This is a must see for all investors looking for a solid property!

Last Agent to Sell the Property

Sean Burke

Equinox Advantage Real Estate License #RM423080 Listed on: 03/18/2013

Co-Listed By

Sarah Finney-Miller

NAI Summit

Last Buyer's Agent

Sean Burke

Equinox Advantage Real Estate License #RM423080 Listed on: 03/18/2013

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,268

Year Built

  • Built in 1900

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 60x100

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 3,089 Sq Ft Home
  • 4-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 2 Car Garage
  • Leased Parking

Outdoor Features

  • Balcony

Utilities

  • Window Unit Cooling System
  • Radiator

Listing and Financial Details

  • Assessor Parcel Number P6SW2B10280204

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $480
  • Insurance Expense $1,800
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • Operating Expense $9,353
  • Gross Income $40,620
  • Net Operating Income $31,007

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,268

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • Technology: Smoke Detector Wired
  • County Assessment: 59600.00
  • Stories: 4.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood
  • Bathrooms: Semi Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 8
  • Square Footage: 3089

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking: Garage, Rented
  • Parking Spaces: 2

Utilities

  • Cooling: Window AC
  • Heat Type: Electric, Radiator
  • Sewer: Public
  • Water: Public
  • Electric: 480
  • Insurance: 1800
  • Trash Removal: 900
  • Water Sewer: 1200

Condo/Co-op/Association

  • Lawn Snow Removal: 600

Fee Information

  • Operating Expense: 9353

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.138
  • Lot Dimensions: 60x100
  • Lot Sq Ft: 6011
  • Zoning Code: R-M

Tax Info

  • Assessor Parcel Number: P6SW2B10280204
  • County Taxes: 643.68
  • Municipal Taxes: 1140.74
  • Total Taxes: 5268.04
  • Taxes: 4092

Multi Family

  • School Taxes: 3483.62
  • Total Units: 4
  • Total Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2013
Closed on
Aug 23, 2013
Sold by
Velez Francisco
Bought by
Skdeg Holding Company
Seller's Agent
Sean Burke
Equinox Advantage Real Estate
Buyer's Agent
Sean Burke
Equinox Advantage Real Estate
List Price
$299,900
Sold Price
$250,000
Premium/Discount to List
-$49,900
-16.64%
Current Estimated Value
$469,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,025
Avg. Annual Appreciation
5.37%
Original Mortgage
$250,000
Outstanding Balance
$187,929
Interest Rate
4.51%
Mortgage Type
Commercial
Estimated Equity
$281,096

Purchase Details

Closed on
Feb 16, 2011
Sold by
Cocilovo Vincent
Bought by
Velez Francisco

Purchase Details

Closed on
Jul 13, 2005
Sold by
Perrine William
Bought by
Covilovo Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.59%
Mortgage Type
Commercial
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
Skdeg Holding Company $250,000 None Available
Velez Francisco $215,000 None Available
Covilovo Vincent $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skdeg Holding Company $250,000
Previous Owner Cocilovo Vincent $45,171
Previous Owner Covilovo Vincent $220,000
Previous Owner Cocilovo Vincent $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2013 08/23/13 Sold $250,000 -16.6% $81 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
03/18/2013 03/18/13 For Sale $299,900 -- $97 / 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 $644 $59,600 $11,600 $48,000
2024 $5,268 $59,600 $11,600 $48,000
2023 $5,268 $59,600 $11,600 $48,000
2022 $5,227 $59,600 $11,600 $48,000
2021 $5,192 $59,600 $11,600 $48,000
2020 $5,142 $59,600 $11,600 $48,000
2019 $5,125 $59,600 $11,600 $48,000
2018 $5,000 $59,600 $11,600 $48,000
2017 $4,941 $59,600 $11,600 $48,000
2016 -- $59,600 $11,600 $48,000
2015 -- $59,600 $11,600 $48,000
2014 -- $59,600 $11,600 $48,000
Source: Public Records

Agents Affiliated with this Home

  • Sean Burke

    Seller's Agent in 2013

    Sean Burke

    Equinox Advantage Real Estate

    (484) 934-1191

    14 in this area

    44 Total Sales

    Sean Burke
    Section Image
  • Sarah Finney-Miller

    Seller Co-Listing Agent in 2013

    Sarah Finney-Miller

    NAI Summit

    (610) 264-0200

    3 in this area

    20 Total Sales

    Sarah Finney-Miller
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 446912

Greater Lehigh Valley REALTORS®

APN: P6SW2B-10-28-0204

Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

431 Cherokee St, Bethlehem, PA

This home is located at 431 Cherokee St, Bethlehem, PA 18015 since 18 March 2013 and is currently estimated at $469,025, approximately $151 per square foot. This property was built in 1900. 431 Cherokee St is a home located in Northampton County with nearby schools including Fountain Hill Elementary School, Broughal Middle School, and Liberty 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.

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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