NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.4 Acres

Last Sold October 16, 2019

Last sale price $450,000

Highlights

  • Commercial or Retail Space
  • Ceiling Fan
  • 1-minute walk to Egypt Memorial Park

About This Home

As of October 2019

Well maintained, two-story, solid brick building for multi-family and retail or office. Common entrance for four apartments that offer 2 bedrooms, 1 bath with mosaic tile floor in kitchen and bathroom and modern appliances. Separate entrances for Retail/office area that may be divided into two units. Opportunity for upper level to be converted to an apartment. Finished lower level offers plenty of storage space. 21 on-site paved and lit parking spaces. Modern improvements include monitored wet sprinkler system installed in 2016, electric service upgraded in 2013 to separate meters, new roof in 2009, and security system. Documentation for underground tank abandonment. This is a must see minimal maintenance investment property.

Last Agent to Sell the Property

Cindy Miller

SVN / Imperial Realty License #RS284561 Listed on: 06/28/2019

SVN / Imperial Realty

Co-Listed By

Darbin Skeans

SVN / Imperial Realty License #RM425736

Last Buyer's Agent

Cindy Miller

SVN / Imperial Realty License #RS284561 Listed on: 06/28/2019

SVN / Imperial Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,098

Year Built

  • Built in 1900

Lot Details

  • 0.4

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Parking

  • 21 Parking Spaces
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil

Additional Features

  • Ceiling Fan
  • 0.4 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 548948037340001

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,800
  • Insurance Expense $4,000
  • Maintenance Expense $5,510
  • Other Expense $1,820
  • Trash Expense $1,750
  • Water Sewer Expense $2,700
  • Operating Expense $36,538
  • Gross Income $94,860
  • Net Operating Income $58,322

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,098

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, Commercial
  • County Assessment: 399900.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Modern

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 21

Utilities

  • Cooling: Ceiling Fan, Window AC
  • Heat Type: Oil
  • Sewer: Public
  • Water: Public
  • Electric: 1800
  • Heat: 6500
  • Insurance: 4000
  • Trash Removal: 1750
  • Water Sewer: 2700

Condo/Co-op/Association

  • Lawn Snow Removal: 3000
  • Maintenance Repair: 5510

Fee Information

  • Operating Expense: 36538

Lot Info

  • Acres: 0.395
  • Lot Sq Ft: 17206
  • Zoning Code: C-1

Rental Info

  • Other Expenses: 1820

Tax Info

  • Assessor Parcel Number: 548948037340001
  • County Taxes: 1511.62
  • Municipal Taxes: 1519.62
  • Total Taxes: 11097.62

Multi Family

  • School Taxes: 8066.38
  • Total Units: 6
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2019
Closed on
Oct 16, 2019
Sold by
Dennis Catherine A and Dennis Thomas E
Bought by
Eos Property Management Llc
Seller's Agent
Cindy Miller
SVN / Imperial Realty
Buyer's Agent
Cindy Miller
SVN / Imperial Realty
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$520,177
Interest Rate
3.4%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 7, 2014
Sold by
Dennis Catherine A and Dennis Thomas E
Bought by
Dennis Catherine A and Dennis Thomas E

Purchase Details

Closed on
Jan 22, 2003
Sold by
County Of Lehigh
Bought by
Dennis Catherine A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eos Property Management Llc $450,000 American Setmnt & Abstract C
Dennis Catherine A -- None Available
Dennis Catherine A $10,002 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eos Property Management Llc $595,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2019 10/16/19 Sold $450,000 -5.3% --
06/28/2019 06/28/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $475,000 -- --
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 $11,725 $399,900 $67,900 $332,000
2024 $11,331 $399,900 $67,900 $332,000
2023 $11,098 $399,900 $67,900 $332,000
2022 $10,846 $399,900 $332,000 $67,900
2021 $10,666 $399,900 $67,900 $332,000
2020 $10,257 $399,900 $67,900 $332,000
2019 $9,458 $399,900 $67,900 $332,000
2018 $9,211 $399,900 $67,900 $332,000
2017 $9,043 $399,900 $67,900 $332,000
2016 -- $399,900 $67,900 $332,000
2015 -- $399,900 $67,900 $332,000
2014 -- $377,400 $45,400 $332,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 620296

Greater Lehigh Valley REALTORS®

APN: 548948037340-1