NOT LISTED FOR SALE

638 N New St Bethlehem, PA 18018

Downtown Bethlehem Neighborhood

Estimated Value: $326,000 - $699,545

5 Beds
4 Baths
2,656 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $395,000 $149 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,976/month

2 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Baseboard Heating

About This Home

As of May 2019

Here's your chance to buy a turn-key investment property in the heart of downtown Bethlehem! Located just one block from the historic district, this beautiful 4-unit is fully rented, bringing in $41,820 annually. Since purchasing the property in 2010, the owners have transformed it inside and out. Both first-floor units have been completely remodeled with KraftMaid and Diamond kitchens, granite countertops, hardwood floors, modern bathrooms, lighting, paint, and more. The second-floor units have been updated with a Kraftmaid kitchen (638 #2) and Brazilian teak hardwood floors (640 #2), paint, lighting, and more. Historically low vacancy and very low operating expenses (tenants pay their own heat, gas, and electric) make this an awesome cash-flow property! The listing agent has an equitable interest in the property.

Last Agent to Sell the Property

David Liodice

HowardHanna TheFrederickGroup Listed on: 04/24/2019

HowardHanna TheFrederickGroup

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,190

Year Built

  • Built in 1900

Lot Details

  • 3,330

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Siding
  • Stucco Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2,656 Sq Ft Home
  • 2.5-Story Property
  • Fire and Smoke Detector

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Additional Features

  • Patio
  • 3,330 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number P6NE1D 4 8 0204

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $600
  • Insurance Expense $1,597
  • Maintenance Expense $1,200
  • Trash Expense $368
  • Water Sewer Expense $900
  • Operating Expense $8,741
  • Gross Income $41,820
  • Net Operating Income $33,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,190

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, Both Halves
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 47400.00
  • Stories: 2.5
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Hardwood, Patio, Wall-to-Wall Carpet
  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Square Footage: 2656

Exterior Features

  • Construction: Brick, Frame, Shingle, Stucco, Vinyl

Utilities

  • Cooling: Window AC
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 600
  • Insurance: 1597
  • Trash Removal: 368
  • Water Sewer: 900

Condo/Co-op/Association

  • Maintenance Repair: 1200

Fee Information

  • Operating Expense: 8741

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.076
  • Lot Sq Ft: 3330
  • Zoning Code: CB

Tax Info

  • Assessor Parcel Number: P6NE1D 4 8 0204
  • County Taxes: 511.92
  • Municipal Taxes: 907.24
  • Total Taxes: 4189.69

Multi Family

  • School Taxes: 2770.53
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
May 31, 2019
Sold by
Liodice David and Liodice Erika
Bought by
Kickin I Holdings Iii Llc
Seller's Agent
David Liodice
HowardHanna TheFrederickGroup
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%
Current Estimated Value
$550,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,515
Avg. Annual Appreciation
4.12%
Original Mortgage
$316,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2010
Sold by
Koury Victor E and Koury Fairouz
Bought by
Liodice Erika L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
4.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1997
Bought by
Koury Victor E and Koury Fairouz
Source: Public Records

Range of Values:

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Average Value
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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
Kickin I Holdings Iii Llc $395,000 Steel Abstract
Liodice Erika L $215,000 None Available
Koury Victor E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kickin I Holdings Iii Llc $260,000
Closed Kickin I Holdings Iii Llc $345,600
Closed Kickin I Holdings Iii Llc $316,000
Previous Owner Liodice Erika L $210,000
Previous Owner Liodice Erika L $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $395,000 -1.2% $149 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $399,900 -- $151 / 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 $512 $47,400 $13,000 $34,400
2024 $4,190 $47,400 $13,000 $34,400
2023 $4,190 $47,400 $13,000 $34,400
2022 $4,157 $47,400 $13,000 $34,400
2021 $4,129 $47,400 $13,000 $34,400
2020 $4,090 $47,400 $13,000 $34,400
2019 $4,076 $47,400 $13,000 $34,400
2018 $3,977 $47,400 $13,000 $34,400
2017 $3,929 $47,400 $13,000 $34,400
2016 -- $47,400 $13,000 $34,400
2015 -- $47,200 $13,000 $34,200
2014 -- $47,200 $13,000 $34,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    David Liodice

    HowardHanna TheFrederickGroup

    (610) 349-7275

    David Liodice
    Section Image
  • Jennifer de Jesus

    Buyer's Agent in 2019

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    36 in this area

    424 Total Sales

    Jennifer de Jesus
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 608620

Greater Lehigh Valley REALTORS®

APN: P6NE1D-4-8-0204

Pennsylvania Northampton County Bethlehem 18018 Downtown Bethlehem

638 N New St, Bethlehem, PA

This home is located at 638 N New St, Bethlehem, PA 18018 since 24 April 2019 and is currently estimated at $550,515, approximately $207 per square foot. This property was built in 1900. 638 N New St is a home located in Northampton County with nearby schools including Thomas Jefferson Elementary School, Northeast Middle School, and Liberty High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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