NOT LISTED FOR SALE

56 Noble St Kutztown, PA 19530

Estimated Value: $2,063,000 - $2,266,673

29 Beds
7.5 Baths
11,326 Sq Ft
$191/Sq Ft Est. Value

Last Sold May 21, 2014

Last sale price $1,194,000 $105 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $12,219/month

603 Days on Market

About This Home

As of May 2014

Fantastic renovation of historic factory building into student housing with charm and character. Owner currently rents to 34 students but permit allows 37. Additional income available from laundromat that owner stopped operating in 2010. Building also has warehouse space available for owner's use or rental income. This is a great investment property with limited work. High demand student rental in prime area with short walk to campus and in town amenities and shopping. On lot parking enhances building and convenience.

Last Agent to Sell the Property

Doug Frederick

HowardHanna TheFrederickGroup Listed on: 07/26/2012

HowardHanna TheFrederickGroup

Last Buyer's Agent

Cheryl Sharayko

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,538

Year Built

  • Built in 1881

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 76x150
  • Property is zoned c-1

Home Design

  • Converted Dwelling
  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 11,326 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 29 Bedrooms

Parking

  • 10 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 55544312877181

Community Details

Overview

Amenities

  • Laundry Facilities

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,538

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Converted, Detached, Mixed Use
  • Technology: Cable
  • County Assessment: 250600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1881
  • Special Features: None

Interior Features

  • Features: Central Laundry
  • Bathrooms: Modern
  • Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Bedrooms: 29
  • Square Footage: 11326

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 4637
  • Insurance: 18357
  • Water Sewer: 4798

Fee Information

  • Operating Expense: 10112

Lot Info

  • Acres: 0.260
  • Lot Dimensions: 76x150
  • Lot Sq Ft: 11325
  • Zoning Code: c-1
  • Use Code: 4126

Tax Info

  • Assessor Parcel Number: 55544312877181
  • County Taxes: 1738.00
  • Municipal Taxes: 714.00
  • Total Taxes: 9538.00

Multi Family

  • School Taxes: 7086.00
  • Total Units: 7
  • Total Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2012
Closed on
May 21, 2014
Sold by
Kutztown Heritage Properties Lp
Bought by
F & M Holding Group Lp
Seller's Agent
Doug Frederick
HowardHanna TheFrederickGroup
Buyer's Agent
Cheryl Sharayko
Coldwell Banker Realty
List Price
$1,300,000
Sold Price
$1,194,000
Premium/Discount to List
-$106,000
-8.15%
Current Estimated Value
$2,164,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$970,837
Avg. Annual Appreciation
5.40%
Original Mortgage
$900,000
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 1997
Bought by
Kutztown Heritage Properties
Source: Public Records

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
F & M Holding Group Lp $1,194,000 None Available
Kutztown Heritage Properties -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open F & M Holding Group Lp $1,600,000
Closed F & M Holding Group $939,000
Closed F & M Holding Group Lp $900,000
Previous Owner Kutztown Heritage Properties Lp $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2014 05/21/14 Sold $1,194,000 0.0% $105 / Sq Ft
05/16/2014 05/16/14 Sold $1,194,000 -6.4% --
03/21/2014 03/21/14 Pending -- -- --
03/21/2014 03/21/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $1,275,000 -1.9% --
07/26/2012 07/26/12 For Sale $1,300,000 -- $115 / 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 $6,165 $419,000 $47,600 $371,400
2024 $18,352 $419,000 $47,600 $371,400
2023 $17,687 $419,000 $47,600 $371,400
2022 $17,687 $419,000 $47,600 $371,400
2021 $17,687 $419,000 $47,600 $371,400
2020 $17,687 $419,000 $47,600 $371,400
2019 $17,477 $419,000 $47,600 $371,400
2018 $17,477 $419,000 $47,600 $371,400
2017 $17,358 $419,000 $47,600 $371,400
2016 $4,711 $419,000 $47,600 $371,400
2015 $4,711 $250,600 $47,600 $203,000
2014 $2,817 $250,600 $47,600 $203,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 435365

Greater Lehigh Valley REALTORS®

APN: 55-5443-12-87-7181