NOT LISTED FOR SALE

518 W Broad St Bethlehem, PA 18018

West Bethlehem Neighborhood

Estimated Value: $342,695

-- Bed
-- Bath
2,322 Sq Ft
$148/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $221,000 $95 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,081/month

3 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 3-minute walk to Fairview Park
  • Commercial or Retail Space
  • Hot Water Heating System

About This Home

As of July 2020

Convenient 1st floor commercial space in the heart of the West Bethlehem business district. Plenty of open space allows you to configure easily as needed. The clean basement adds significant storage space and a bath for any business. Last used as a bike shop, but many potential uses (check with Bethlehem Zoning). New 1st floor A/C in 2019. The second floor features a 2 bedroom, 1 bath apartment with beautiful hardwood floors and a skylight in the bath. Off street parking in the rear round out this attractive investment property. MULTIPLE OFFERS HAVE BEEN RECEIVED AND WE ARE ASKING FOR HIGHEST AND BEST OFFERS BY THURSDAY, JUNE 18TH AT 6:00PM.

Last Agent to Sell the Property

Walt Keiper

RE/MAX Central - Center Valley Listed on: 06/15/2020

RE/MAX Central - Center Valley

Last Buyer's Agent

Walt Keiper

RE/MAX Central - Center Valley Listed on: 06/15/2020

RE/MAX Central - Center Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,254

Year Built

  • Built in 1920

Lot Details

  • 2,570 Sq Ft Lot

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 2,322 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Parking

  • 3 Parking Spaces
  • Unpaved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 642738442960001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,050
  • Maintenance Expense $600
  • Trash Expense $450
  • Water Sewer Expense $500
  • Operating Expense $4,800
  • Gross Income $24,900
  • Net Operating Income $20,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,254

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Mixed Use
  • Technology: Cable
  • County Assessment: 115600.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1920
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Hardwood
  • Square Footage: 2322

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 3

Utilities

  • Cooling: Wall AC
  • Heat Type: Forced Air, Hot Water, Oil
  • Sewer: Public
  • Water: Public
  • Heat: 2200
  • Insurance: 1050
  • Trash Removal: 450
  • Water Sewer: 500

Condo/Co-op/Association

  • Maintenance Repair: 600

Fee Information

  • Operating Expense: 4800

Lot Info

  • Acres: 0.059
  • Lot Sq Ft: 2570
  • Zoning Code: CL-LIMITED COMMERCIAL

Tax Info

  • Assessor Parcel Number: 642738442960001
  • County Taxes: 436.97
  • Municipal Taxes: 699.38
  • Total Taxes: 3254.14

Multi Family

  • School Taxes: 2117.79
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 15, 2020
Sold by
Nemes Christina
Bought by
Core Investments Llc
Seller's Agent
Walt Keiper
RE/MAX Central - Center Valley
Buyer's Agent
Walt Keiper
RE/MAX Central - Center Valley
List Price
$209,900
Sold Price
$221,000
Premium/Discount to List
$11,100
5.29%
Current Estimated Value
$342,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,695
Avg. Annual Appreciation
8.50%
Original Mortgage
$176,800
Outstanding Balance
$156,775
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$185,920

Purchase Details

Closed on
Jan 20, 2016
Sold by
Featherman Marie A and Hacker Martin
Bought by
Amelio Larry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 1954
Sold by
Featherman Marie A
Bought by
Featherman Marie 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
Core Investments Llc $221,000 Abe Abstract Inc
Amelio Larry D $159,000 Attorney
Featherman Marie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Core Investments Llc $176,800
Previous Owner Amelio Larry D $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $221,000 +5.3% $95 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $209,900 -- $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 $3,321 $115,600 $17,900 $97,700
2024 $3,283 $115,600 $17,900 $97,700
2023 $3,254 $115,600 $17,900 $97,700
2022 $3,307 $115,600 $97,700 $17,900
2021 $3,292 $115,600 $17,900 $97,700
2020 $3,187 $115,600 $17,900 $97,700
2019 $3,210 $115,600 $17,900 $97,700
2018 $3,148 $115,600 $17,900 $97,700
2017 $3,008 $115,600 $17,900 $97,700
2016 -- $115,600 $17,900 $97,700
2015 -- $115,600 $17,900 $97,700
2014 -- $115,600 $17,900 $97,700
Source: Public Records

Agents Affiliated with this Home

  • Walt Keiper

    Seller's Agent in 2020

    Walt Keiper

    RE/MAX

    (484) 239-4753

    1 in this area

    38 Total Sales

    Walt Keiper
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 639496

Greater Lehigh Valley REALTORS®

APN: 642738442960-1

Pennsylvania Lehigh County Bethlehem 18018 West Bethlehem

518 W Broad St, Bethlehem, PA

Not Listed for Sale

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