NOT LISTED FOR SALE

642 Genesee St Allentown, PA 18103

Southside Neighborhood

Estimated Value: $287,000 - $308,000

-- Bed
2 Baths
1,584 Sq Ft
$188/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $295,000 $186 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,026/month

7 Days on Market

Highlights

  • Central Air
  • Electric Baseboard Heater
  • 5-minute walk to Roosevelt Park

About This Home

As of May 2024

This is a solid low maintenance modern garden style two unit in decent condition. Current owner built the building in 1992. A new roof was installed in May 2021. Each residence has two bedrooms and one full bathroom. Each residence has a stove, refrigerator and is heated by low maintenance electric baseboard heat. Tenant pay for their own separately metered electricity, heat and hot water. Tenant also maintain lawn and are responsible for snow removal. Landlord pays water/sewer and trash pick up. There are four paved off street parking spaces in the rear of the building. Quiet side street location. Easy access to Allentown PPL events center. Owner will provide a clear certificate of occupancy prior to settlement. Tenants are long term and rents are extremely low. The property offers the opportunity to increase rents to make this a solid money making part of your portfolio. Would also make an easily managed first time investment.

Last Agent to Sell the Property

Christopher Zajacek

Grace Realty Company Inc License #RM-048818-A Listed on: 02/29/2024

Last Buyer's Agent

Christopher Zajacek

Grace Realty Company Inc License #RM-048818-A Listed on: 02/29/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,295

Year Built

  • Built in 1992

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40.00 x 120.00

Home Design

  • 1,584 Sq Ft Home
  • Duplex
  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 640647698219-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,295

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Remarks Public: This is a solid low maintenance modern garden style two unit in decent condition. Current owner built the building in 1992. A new roof was installed in May 2021. Each residence has two bedrooms and one full bathroom. Each residence has a stove, refrigerator and is heated by low maintenance electric baseboard heat. Tenant pay for their own separately metered electricity, heat and hot water. Tenant also maintain lawn and are responsible for snow removal. Landlord pays water/sewer and trash pick up. There are four paved off street parking spaces in the rear of the building. Quiet side street location. Easy access to Allentown PPL events center. Owner will provide a clear certificate of occupancy prior to settlement. Tenants are long term and rents are extremely low. The property offers the opportunity to increase rents to make this a solid money making part of your portfolio. Would also make an easily managed first time investment.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 1584
  • Living Area Sq Ft: 1584
  • Price Per Sq Ft: 189.33
  • Above Grade Finished Sq Ft: 1584
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 642

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: ALLENTOWN
  • School District Key: 300200397387
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 1102
  • Lot Size Acres: 0.11
  • Lot Dimensions: 40.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4800.00
  • Year Assessed: 2023
  • Zoning: R-M

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2912.00
  • Tax Annual Amount: 4295.00
  • Assessor Parcel Number: 640647698219-00001
  • Tax Lot: 5
  • Tax Total Finished Sq Ft: 1584
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/08/2024

MLS Schools

  • School District Name: ALLENTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 23, 2024
Sold by
Panko Mark J and Panko Sheryl F
Bought by
Mg Genesee Apartments Llc
Seller's Agent
Christopher Zajacek
Grace Realty Company Inc
Buyer's Agent
Christopher Zajacek
Grace Realty Company Inc
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%
Total Days on Market
7
Views
26
Current Estimated Value
$297,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,075
Avg. Annual Appreciation
0.65%

Purchase Details

Closed on
Feb 28, 2003
Sold by
Panko Mark J
Bought by
Panko Mark J and Panko Sheryl F

Purchase Details

Closed on
Nov 22, 1991
Sold by
Coleman Ronald H
Bought by
Panko Mark J

Purchase Details

Closed on
May 30, 1991
Sold by
Turanica Constantine and Turanica Susanna
Bought by
Coleman Ronald H
Source: Public Records

Range of Values:

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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
Mg Genesee Apartments Llc $295,000 Radian Settlement Services
Panko Mark J -- --
Panko Mark J $18,300 --
Coleman Ronald H $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panko Mark J $107,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $295,000 -1.6% $186 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $299,900 -- $189 / Sq Ft
Source: Bright MLS

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 $4,295 $128,600 $17,000 $111,600
2024 $4,295 $128,600 $17,000 $111,600
2023 $4,295 $128,600 $17,000 $111,600
2022 $4,149 $128,600 $111,600 $17,000
2021 $4,068 $128,600 $17,000 $111,600
2020 $3,965 $128,600 $17,000 $111,600
2019 $3,902 $128,600 $17,000 $111,600
2018 $3,626 $128,600 $17,000 $111,600
2017 $3,536 $128,600 $17,000 $111,600
2016 -- $128,600 $17,000 $111,600
2015 -- $128,600 $17,000 $111,600
2014 -- $128,600 $17,000 $111,600
Source: Public Records

Agents Affiliated with this Home

  • Christopher Zajacek

    Seller's Agent in 2024

    Christopher Zajacek

    Grace Realty Company Inc

    (610) 442-3230

    8 in this area

    166 Total Sales

    Christopher Zajacek
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Map

Source: Bright MLS

MLS Number: PALH2007906

Bright MLS

APN: 640647698219-1

Pennsylvania Lehigh County Allentown 18103 Southside

642 Genesee St, Allentown, PA

This home is located at 642 Genesee St, Allentown, PA 18103 since 29 February 2024 and is currently estimated at $297,075, approximately $187 per square foot. This property was built in 1992. 642 Genesee St is a home located in Lehigh County with nearby schools including Roosevelt Elementary School, South Mountain Middle School, and Louis E. Dieruff High School.

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