$62,500
SOLD JUN 30, 2020
-- Bed
-- Bath
1,024 Sq Ft
1,475 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

26% Below List Price

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

Excellent investment opportunity showing 9.77% cap! 2-bedroom/1-bath with attic space for additional storage and large driveway. Long term section 8 tenant @ $825/mo. Tenant pays all utilities. Great cash flow with history of long term tenancy. Can also be sold as a package with parcel 640711397415 001

Last Agent to Sell the Property

Jennifer DeJesus

(610) 217-6330 jenniferldejesus@gmail.com Steel City Realty Listed on: 02/03/2020

Last Buyer's Agent

Jennifer DeJesus

(610) 217-6330 jenniferldejesus@gmail.com Steel City Realty Listed on: 02/03/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 1,475 Sq Ft Lot
  • Lot Dimensions are 24.58 x 60.00

Home Design

  • Colonial Architecture
  • Stucco

Interior Spaces

  • 1,024 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 006
  • Assessor Parcel Number 549782549777-00001

Community Details

Overview

  • No Home Owners Association

Building Details

  • Income includes apartment rentals
  • Operating Expense $1,594
  • Net Operating Income $8,306

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Remarks Public: Excellent investment opportunity showing 9.77% cap! 2-bedroom/1-bath with attic space for additional storage and large driveway. Long term section 8 tenant @ $825/mo. Tenant pays all utilities. Great cash flow with history of long term tenancy. Can also be sold as a package with parcel 640711397415 001
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1024
  • Living Area Sq Ft: 1024
  • Price Per Sq Ft: 77.15
  • Above Grade Finished Sq Ft: 1024
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 512

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Type Of Parking: Off Street, On Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: ALLENTOWN
  • School District Key: 300200397387
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 47700.00
  • Land Assessed Value: 5300.00
  • Land Use Code: 1104
  • Lot Size Acres: 0.03
  • Lot Dimensions: 24.58 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1475.00
  • Year Assessed: 2020
  • Zoning: R-MH

Rental Info

  • Existing Lease Type: Gross, Long Term
  • Total Actual Rent: 9900.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3913339
  • School Tax: 1064.00
  • Tax Annual Amount: 1601.00
  • Assessor Parcel Number: 549782549777-00001
  • Tax Lot: 006
  • Tax Total Finished Sq Ft: 1024
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/30/2020

Multi Family

  • Gross Income: 9900.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 1594.00

MLS Schools

  • School District Name: ALLENTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2023
Closed on
Mar 30, 2023
Sold by
Janta Raja Llc
Bought by
Jmd Property Investments Inc
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Hairo Bueno
Allentown City Realty
List Price
$119,900
Sold Price
$95,000
Premium/Discount to List
-$24,900
-20.77%
Current Estimated Value
$138,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,458
Avg. Annual Appreciation
17.26%

Purchase Details

Listed on
Feb 3, 2020
Closed on
Jun 29, 2020
Sold by
Cooper Danny A and Cooper Danielle M
Bought by
Janta Raja Llc
Seller's Agent
Jennifer DeJesus
Steel City Realty
Buyer's Agent
Jennifer DeJesus
Steel City Realty
List Price
$85,000
Sold Price
$62,500
Premium/Discount to List
-$22,500
-26.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.45%

Purchase Details

Closed on
Nov 30, 2006
Sold by
Green Leonard L and Green Linda M
Bought by
Cooper Ii Danny A and Cooper Danielle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,953
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 1986
Sold by
Eberts Tyrone
Bought by
Green Leonard L and Green Linda M

Purchase Details

Closed on
Oct 26, 1984
Sold by
Keystone Savigs Association
Bought by
Eberts Tyrone

Purchase Details

Closed on
Aug 24, 1984
Sold by
Swoyer Carl H and Swoyer Barbara A
Bought by
Keystone Savigs Association
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 Type Sale Price Title Company
Deed $95,000 --
Special Warranty Deed -- Steel Abstract Llc
Deed $72,171 None Available
Deed $44,500 --
Deed $22,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $134,000 Future Advance Clause Open End Mortgage
Previous Owner $64,953 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $95,000 -20.8% $93 / Sq Ft
03/17/2023 03/17/23 Pending -- -- --
03/15/2023 03/15/23 Price Changed $119,900 +9.0% $117 / Sq Ft
03/15/2023 03/15/23 Price Changed $110,000 -8.3% $107 / Sq Ft
02/11/2023 02/11/23 For Sale $119,900 +91.8% $117 / Sq Ft
06/30/2020 06/30/20 Sold $62,500 -20.9% $61 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
02/22/2020 02/22/20 Price Changed $79,000 -7.1% $77 / Sq Ft
02/03/2020 02/03/20 For Sale $85,000 -- $83 / Sq Ft
Source: Bright MLS

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 $1,738 $53,000 $5,300 $47,700
2024 $1,738 $53,000 $5,300 $47,700
2023 $1,738 $53,000 $5,300 $47,700
2022 $1,677 $53,000 $47,700 $5,300
2021 $1,644 $53,000 $5,300 $47,700
2020 $1,601 $53,000 $5,300 $47,700
2019 $1,576 $53,000 $5,300 $47,700
2018 $1,469 $53,000 $5,300 $47,700
2017 $1,432 $53,000 $5,300 $47,700
2016 -- $53,000 $5,300 $47,700
2015 -- $53,000 $5,300 $47,700
2014 -- $53,000 $5,300 $47,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALH113430

Bright MLS

APN: 549782549777-1