NOT LISTED FOR SALE

513 Ontario St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood

Estimated Value: $236,000 - $339,000

3 Beds
2 Baths
1,915 Sq Ft
$154/Sq Ft Est. Value

Last Sold March 11, 2021

Last sale price $215,000 $112 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,586/month

31 Days on Market

About This Home

As of March 2021

Well cared for 2 unit in a great location! This property is fully rented, at under market rents with a cap rate of 7.4%. Property features a small side yard and laundry room for tenant use. The parking lot across the street has one parking space that can be rented for $25 a month by new owner and charged to tenant. Building is on the flat part of Ontario, walkable to everything including bus lines.
If you are looking for a unit with potential with very little effort and additional investment, this is one you want to check out.

Last Agent to Sell the Property

Lisa Wright

BHHS Fox & Roach Bethlehem Listed on: 09/22/2020

BHHS Fox & Roach Bethlehem

Co-Listed By

Nunzia Assante Di Cupillo

BHHS Fox & Roach Bethlehem

Last Buyer's Agent

Don Jordan

Smart Way America Realty License #RM421518

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,892

Year Built

  • Built in 1900

Lot Details

  • 2,665 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,915 Sq Ft Home
  • 2-Story Property

Utilities

  • No Cooling
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P6SW2C 19 33 0204

Community Details

Building Details

  • Operating Expense $3,529
  • Gross Income $19,588
  • Net Operating Income $16,059

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,892

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: Cable
  • County Assessment: 33200.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Central Laundry
  • Bathrooms: Modern
  • Square Footage: 1915

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public

Fee Information

  • Operating Expense: 3529

Lot Info

  • Acres: 0.061
  • Lot Sq Ft: 2665
  • Zoning Code: RM-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P6SW2C 19 33 0204
  • County Taxes: 391.76
  • Municipal Taxes: 635.45
  • Total Taxes: 2892.05

Multi Family

  • School Taxes: 1864.84
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Jan 23, 2021
Sold by
Lee Michael D and Lee Kathleen J
Bought by
Kaba Muhamadou Lamin
Seller's Agent
Lisa Wright
BHHS Fox & Roach Bethlehem
Buyer's Agent
Don Jordan
Smart Way America Realty
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$294,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,655
Avg. Annual Appreciation
6.92%
Original Mortgage
$211,105
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 1989
Bought by
Lee Michael D and Lee Kathleen J

Purchase Details

Closed on
Mar 1, 1985
Bought by
Not Provided
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Kaba Muhamadou Lamin $215,000 All Pocono Closing Svcs Llc
Lee Michael D $60,000 --
Not Provided $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kaba Muhamadou Lamin $211,105
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $215,000 0.0% $112 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $215,000 -- $112 / 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 $359 $33,200 $7,800 $25,400
2024 $2,935 $33,200 $7,800 $25,400
2023 $2,935 $33,200 $7,800 $25,400
2022 $2,912 $33,200 $7,800 $25,400
2021 $2,892 $33,200 $7,800 $25,400
2020 $2,865 $33,200 $7,800 $25,400
2019 $2,855 $33,200 $7,800 $25,400
2018 $2,785 $33,200 $7,800 $25,400
2017 $2,752 $33,200 $7,800 $25,400
2016 -- $33,200 $7,800 $25,400
2015 -- $33,200 $7,800 $25,400
2014 -- $33,200 $7,800 $25,400
Source: Public Records

Agents Affiliated with this Home

  • Lisa Wright

    Seller's Agent in 2021

    Lisa Wright

    BHHS Fox & Roach

    (610) 248-4560

    11 in this area

    345 Total Sales

    Lisa Wright
    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Nunzia Assante Di Cupillo

    BHHS Fox & Roach

    (484) 358-1529

    6 in this area

    65 Total Sales

    Nunzia Assante Di Cupillo
    Section Image
  • Don Jordan

    Buyer's Agent in 2021

    Don Jordan

    Smart Way America Realty

    (610) 755-5253

    1 in this area

    110 Total Sales

    Don Jordan
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 649026

Greater Lehigh Valley REALTORS®

APN: P6SW2C-19-33-0204

Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

513 Ontario St, Bethlehem, PA

Not Listed for Sale

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