$247,500
SOLD DEC 16, 2016

602 Main St Hellertown, PA 18055

3 Beds
3.5 Baths
2,914 Sq Ft
6,839 Sq Ft Lot

Recently Sold

$85 Per Sq Ft

1% Below List Price

11 Days on Market

Highlights

  • Patio
  • Hot Water Heating System
  • 4-minute walk to Water Street Park
  • Saucon Valley Senior High School Rated 9+
  • Heating System Uses Steam

About This Home

As of December 2016

This 3 unit building is in the heart of the Historic Business District of Hellertown, PA and is a wonderful investment. It produces income of 36,000+ per year and a 11% CAP Rate! Also has town center zoning for many in-home businesses and other uses. Extremely well cared for in all aspects, and could be occupied as an owner/investor.....and the income would more than pay for the mortgage. Live rent free! All units updated and in great shape. 7 car paved parking lot in rear. You can walk to all amenities from this location. Separate electric with an updated roof and gas furnace. Excellent investment opportunity!

Last Agent to Sell the Property

Peter Hewitt

Keller Williams Northampton Listed on: 10/21/2016

Keller Williams Northampton

Last Buyer's Agent

Steve Hollander

House & Land Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,870

Year Built

  • Built in 1870

Lot Details

  • 6,839 Sq Ft Lot
  • Property is zoned 15TC

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,914 Sq Ft Home
  • 3-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 7 Parking Spaces
  • Paved Parking

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Alternative Waste System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number Q72W2D-8-13-0715

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,870

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached, Row-End Unit
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 56000.00
  • Stories: 3.0
  • Street Number Modifier: 604
  • Year Built: 1870
  • Special Features: None

Interior Features

  • Features: Patio
  • Bathrooms: Semi Modern
  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Square Footage: 2914

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 7

Utilities

  • Cooling: Window AC
  • Heat Type: Gas, Hot Water, Steam
  • Sewer: Alternative System, Public
  • Water: Public
  • Gas: 1326
  • Insurance: 1173
  • Trash Removal: 690
  • Water Sewer: 783

Fee Information

  • Operating Expense: 8890

Schools

  • School District: Saucon Valley

Lot Info

  • Acres: 0.157
  • Lot Sq Ft: 6839
  • Zoning Code: 15TC

Rental Info

  • Other Expenses: 225

Tax Info

  • Assessor Parcel Number: Q72W2D-8-13-0715
  • County Taxes: 604.80
  • Municipal Taxes: 1204.00
  • Total Taxes: 4869.70

Multi Family

  • School Taxes: 3060.90
  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2016
Closed on
Dec 16, 2016
Sold by
Lynn James
Bought by
Gappa Sarah and Edlund David
Seller's Agent
Peter Hewitt
Keller Williams Northampton
Buyer's Agent
Steve Hollander
House & Land Real Estate
List Price
$250,000
Sold Price
$247,500
Premium/Discount to List
-$2,500
-1%
Current Estimated Value
$386,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,149
Avg. Annual Appreciation
6.47%
Original Mortgage
$185,625
Outstanding Balance
$153,388
Interest Rate
4.13%
Mortgage Type
Commercial
Estimated Equity
$275,063

Purchase Details

Closed on
Dec 22, 2011
Sold by
Fairall Deborah A
Bought by
Lynn James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1989
Bought by
Fairall Deborah A
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 Type Sale Price Title Company
Deed $247,500 None Available
Deed $190,000 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $185,625 Commercial
Previous Owner $193,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Rented $1,700 0.0% --
12/11/2023 12/11/23 Under Contract -- -- --
10/31/2023 10/31/23 For Rent $1,700 +36.0% --
11/30/2022 11/30/22 Rented $1,250 0.0% --
11/25/2022 11/25/22 Under Contract -- -- --
11/03/2022 11/03/22 For Rent $1,250 +2.0% --
10/21/2019 10/21/19 Rented $1,225 -5.8% --
09/19/2019 09/19/19 Under Contract -- -- --
07/19/2019 07/19/19 For Rent $1,300 +23.8% --
08/04/2017 08/04/17 Rented $1,050 0.0% --
08/03/2017 08/03/17 Under Contract -- -- --
07/03/2017 07/03/17 For Rent $1,050 -4.5% --
03/21/2017 03/21/17 Rented $1,100 -99.6% --
03/20/2017 03/20/17 Under Contract -- -- --
12/16/2016 12/16/16 Sold $247,500 0.0% $85 / Sq Ft
12/16/2016 12/16/16 For Rent $1,200 0.0% --
11/01/2016 11/01/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $250,000 -- $86 / 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 $605 $56,000 $19,500 $36,500
2024 $4,870 $56,000 $19,500 $36,500
2023 $4,870 $56,000 $19,500 $36,500
2022 $4,801 $56,000 $19,500 $36,500
2021 $4,857 $56,000 $19,500 $36,500
2020 $4,857 $56,000 $19,500 $36,500
2019 $4,857 $56,000 $19,500 $36,500
2018 $4,792 $56,000 $19,500 $36,500
2017 $4,692 $56,000 $19,500 $36,500
2016 -- $56,000 $19,500 $36,500
2015 -- $56,000 $19,500 $36,500
2014 -- $56,000 $19,500 $36,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 533255

Greater Lehigh Valley REALTORS®

APN: Q7SW2D-8-13-0715