NOT LISTED FOR SALE

Estimated Value: $461,000 - $606,865

6 Beds
3 Baths
2,940 Sq Ft
$186/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $390,000 $133 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,914/month

62 Days on Market

About This Home

As of September 2020

Welcome to this top to bottom rehabbed triplex perfectly set for commuters or city lovers. This triplex was stripped down to the studs and rebuilt. All new wiring, walls, flooring, plumbing, roof and more. This is the best turn key multiunit on the market today. This property sits at listing with a true 10.4% Cap Rate (including a 5% maintenance rate since everything is brand new. Did not include management fee that is buyer specific).

Last Agent to Sell the Property

Frank Rinaldi

CENTURY 21 Pinnacle License #AB069017 Listed on: 05/19/2020

CENTURY 21 Pinnacle

Co-Listed By

Amanda Renaldi

The Real Estate Firm&PropMngmt

Last Buyer's Agent

David Ribardo

Keller Williams Allentown

Keller Williams Allentown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,916

Year Built

  • Built in 1916

Lot Details

  • 4,000 Sq Ft Lot

Home Design

  • Duplex
  • Stucco Exterior

Interior Spaces

  • 2,940 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Unpaved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P7SW1A 17 6 0204

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,400
  • Maintenance Expense $2,655
  • Operating Expense $9,377
  • Gross Income $53,100
  • Net Operating Income $43,722

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,916

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Both Halves, Complex, Duplex/Both Halves
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 44300.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Features: Rewired, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 6
  • Square Footage: 2940

Exterior Features

  • Construction: Stucco

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 6

Utilities

  • Cooling: Central AC
  • Heat Type: Forced Air
  • Sewer: Public
  • Water: Public
  • Insurance: 1400

Condo/Co-op/Association

  • Lawn Snow Removal: 1500
  • Maintenance Repair: 2655

Fee Information

  • Operating Expense: 9377

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.092
  • Lot Sq Ft: 4000
  • Zoning Code: RM-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P7SW1A 17 6 0204
  • County Taxes: 478.44
  • Municipal Taxes: 847.90
  • Total Taxes: 3915.68

Multi Family

  • School Taxes: 2589.34
  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Sep 17, 2020
Sold by
Campbell Real Estate Holdings Llc
Bought by
Silent Owl Real Estate Llc
Seller's Agent
Frank Rinaldi
CENTURY 21 Pinnacle
Buyer's Agent
David Ribardo
Keller Williams Allentown
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%
Current Estimated Value
$546,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,466
Avg. Annual Appreciation
6.81%
Original Mortgage
$312,000
Outstanding Balance
$276,879
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$269,587

Purchase Details

Listed on
Feb 9, 2018
Closed on
Mar 5, 2018
Sold by
Gilbert Wayne L
Bought by
Campbell Real Estate Holdings Llc
Seller's Agent
Jason Hall
Cassidon Property Management
Buyer's Agent
Bruce Campbell
CENTURY 21 Pinnacle
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.38%
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
Silent Owl Real Estate Llc $390,000 Keystone Ttl Setmnt Svcs Llc
Campbell Real Estate Holdings Llc $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silent Owl Real Estate Llc $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2020 09/17/20 Sold $390,000 -1.3% $133 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $395,000 0.0% $134 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $395,000 0.0% $134 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $395,000 +426.7% $134 / Sq Ft
03/05/2018 03/05/18 Sold $75,000 0.0% $26 / Sq Ft View Prior Sale
02/14/2018 02/14/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $75,000 -- $26 / 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 $644 $59,600 $7,000 $52,600
2024 $5,268 $59,600 $7,000 $52,600
2023 $5,268 $59,600 $7,000 $52,600
2022 $5,227 $59,600 $7,000 $52,600
2021 $5,192 $59,600 $7,000 $52,600
2020 $3,822 $44,300 $7,000 $37,300
2019 $3,809 $44,300 $7,000 $37,300
2018 $3,717 $44,300 $7,000 $37,300
2017 $3,672 $44,300 $7,000 $37,300
2016 -- $44,300 $7,000 $37,300
2015 -- $44,300 $7,000 $37,300
2014 -- $44,300 $7,000 $37,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 636682

Greater Lehigh Valley REALTORS®

APN: P7SW1A-17-6-0204