NOT LISTED FOR SALE

Estimated Value: $448,168

5 Beds
4 Baths
4,173 Sq Ft
$107/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $367,000 $88 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,987/month

12 Days on Market

Highlights

  • Balcony
  • Commercial or Retail Space
  • Baseboard Heating

About This Home

As of December 2022

Incredible investment opportunity located in the Old Allentown Historical District! This unique corner lot building has been converted into a commercial storefront, with three residential rental units as well! The first floor contains the storefront, and a 1 bed, 1 bath apartment unit. The second floor is complete by a 2 bed, 1 bath unit, which features a dining room, living room, and private balcony. On the third floor, you'll find a spacious 2 bed, 1 bath unit with a dining room, and living room. Each unit boasts authentic hardwood floors. All residential units are occupied, clean, and ready to go. Store front offers many possibilities, and could be rented as a store, office ect! What a wonderful opportunity! Don't miss your chance! Section 8 approved!

Last Listed By

Kimberly Rosado

Keller Williams Allentown Listed on: 10/20/2022

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,732

Year Built

  • Built in 1885

Lot Details

  • 1,437

Home Design

  • Commercial or Retail Space
  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 4,173 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Balcony
  • Lot Dimensions are 17.67 x 80.5

Listing and Financial Details

  • Assessor Parcel Number 549782423492 001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,200
  • Trash Expense $75
  • Gross Income $34,200
  • Net Operating Income $34,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,732

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Converted
  • County Assessment: 179800.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1885
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Balcony
  • Bathrooms: Semi Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Square Footage: 4173

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Window AC
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 1200
  • Trash Removal: 75

Schools

  • School District: Allentown

Lot Info

  • Lot Dimensions: 17.67 X 80.5
  • Zoning Code: R-Mh-Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 549782423492 001
  • County Taxes: 679.00
  • Municipal Taxes: 981.00
  • Total Taxes: 5732.00

Multi Family

  • School Taxes: 4071.00
  • Total Units: 3
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Dec 9, 2022
Sold by
Smith Cassandra
Bought by
Hawk & Shaws Pa Investments Llc
Seller's Agent
Kimberly Rosado
Keller Williams Allentown
Buyer's Agent
Faiza Bashir
Acre and Estate
List Price
$375,000
Sold Price
$367,000
Premium/Discount to List
-$8,000
-2.13%
Total Days on Market
12
Views
20
Current Estimated Value
$448,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,168
Avg. Annual Appreciation
8.46%
Original Mortgage
$273,750
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 1999
Sold by
Washington Joseph and Smith Cassandra
Bought by
Smith Cassandra

Purchase Details

Closed on
Jun 7, 1995
Sold by
Kaiser Albert L and Joseph Washington
Bought by
Washington Joseph & Cassandra Smith

Purchase Details

Closed on
Oct 11, 1990
Sold by
Dellis Thomas
Bought by
Kaiser Albert L and Joseph Washington

Purchase Details

Closed on
Feb 14, 1989
Sold by
Dellis Thomas and Dellis Poppy
Bought by
Dellis Thomas

Purchase Details

Closed on
May 8, 1987
Bought by
Dellis Thomas and Dellis Poppy

Range of Values:

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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
Hawk & Shaws Pa Investments Llc $365,000 Trident Land Transfer
Smith Cassandra $37,000 --
Washington Joseph & Cassandra Smith $74,000 --
Kaiser Albert L $100,000 --
Dellis Thomas -- --
Dellis Thomas $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hawk & Shaws Pa Investments Ll $532,000
Closed Hawk & Shaws Pa Investments Llc $273,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $367,000 -2.1% $88 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $375,000 -- $90 / 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 $5,733 $179,800 $9,500 $170,300
2024 $5,733 $179,800 $9,500 $170,300
2023 $5,733 $179,800 $9,500 $170,300
2022 $5,528 $179,800 $170,300 $9,500
2021 $5,415 $179,800 $9,500 $170,300
2020 $5,271 $179,800 $9,500 $170,300
2019 $5,184 $179,800 $9,500 $170,300
2018 $4,854 $179,800 $9,500 $170,300
2017 $4,728 $179,800 $9,500 $170,300
2016 -- $179,800 $9,500 $170,300
2015 -- $179,800 $9,500 $170,300
2014 -- $179,800 $9,500 $170,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 703027

Greater Lehigh Valley REALTORS®

APN: 549782423492-1