Seller's Agent in 2018
Garrett Benner
Boutique One Properties LLC
(484) 892-0806
3 in this area
8 Total Sales
647 N New St Bethlehem, PA 18018
Downtown Bethlehem NeighborhoodEstimated Value: $1,308,238
--
Bed
--
Bath
8,214
Sq Ft
$159/Sq Ft
Est. Value
About This Home
As of April 20187.5% Cap Rate. This beautiful 6 unit property in North Bethlehem has been totally rehabbed. All of the units and the common areas have been totally redone and modernized with stainless steel appliances and upgraded kitchens. The property is on a great residential street and is located steps away from some of the best Bethlehem has to offer. The demand for the units in this building are very high and there is rarely a vacancy. There is room to increase rents for the units making it an attractive investment opportunity. The property can be sold as a package with MLS#569449
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,876
Year Built
- Built in 1900
Lot Details
- 3,180
Parking
- Off-Site Parking
Home Design
- 8,214 Sq Ft Home
- Mixed Use
- Brick Exterior Construction
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number P6NE1D 3 14 0204
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $500
- Insurance Expense $2,500
- Maintenance Expense $500
- Manager Expense $3,000
- Trash Expense $150
- Water Sewer Expense $750
- Operating Expense $11,875
- Gross Income $66,912
- Net Operating Income $63,489
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2018
Closed on
Apr 26, 2018
Sold by
Matador Holding Co Llc
Bought by
Zf Holdings Llc
Seller's Agent
Garrett Benner
Boutique One Properties LLC
Buyer's Agent
Jeanne Rossi
DKR Property Mgmt & Maint LLC
List Price
$949,900
Sold Price
$730,000
Premium/Discount to List
-$219,900
-23.15%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,238
Avg. Annual Appreciation
7.98%
Original Mortgage
$526,250
Outstanding Balance
$453,536
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$854,702
Purchase Details
Listed on
Oct 18, 2013
Closed on
Feb 5, 2014
Sold by
Bethlehem Teachers Federal Credit Union
Bought by
Matador Holding Co Llc
Seller's Agent
David Bohning
BHHS Fox & Roach Bethlehem
Buyer's Agent
Garrett Benner
Boutique One Properties LLC
List Price
$329,900
Sold Price
$305,000
Premium/Discount to List
-$24,900
-7.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.97%
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 7, 2013
Sold by
Bethlehem Teachers Federal Credit Union
Bought by
Bethlehem Teachers Federal Credit Union
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zf Holdings Llc | $730,000 | Penn Jersey Abstract Inc | |
| Matador Holding Co Llc | $305,000 | First American Title Ins Co | |
| Bethlehem Teachers Federal Credit Union | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zf Holdings Llc | $526,250 | |
| Previous Owner | Matador Holding Co Llc | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/26/2018 04/26/18 | Sold | $730,000 | -23.1% | $89 / Sq Ft | |
| 03/12/2018 03/12/18 | Pending | -- | -- | -- | |
| 02/05/2018 02/05/18 | For Sale | $949,900 | +211.4% | $116 / Sq Ft | |
| 02/06/2014 02/06/14 | Sold | $305,000 | -7.5% | $37 / Sq Ft | View Prior Sale |
| 12/08/2013 12/08/13 | Pending | -- | -- | -- | |
| 10/18/2013 10/18/13 | For Sale | $329,900 | -- | $40 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
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 | $962 | $89,100 | $27,100 | $62,000 |
| 2024 | $7,876 | $89,100 | $27,100 | $62,000 |
| 2023 | $7,876 | $89,100 | $27,100 | $62,000 |
| 2022 | $7,814 | $89,100 | $27,100 | $62,000 |
| 2021 | $7,762 | $89,100 | $27,100 | $62,000 |
| 2020 | $7,688 | $89,100 | $27,100 | $62,000 |
| 2019 | $7,662 | $89,100 | $27,100 | $62,000 |
| 2018 | $7,475 | $89,100 | $27,100 | $62,000 |
| 2017 | $7,386 | $89,100 | $27,100 | $62,000 |
| 2016 | -- | $89,100 | $27,100 | $62,000 |
| 2015 | -- | $89,100 | $27,100 | $62,000 |
| 2014 | -- | $89,100 | $27,100 | $62,000 |
Source: Public Records
Agents Affiliated with this Home
-
Garrett Benner
-
Jeanne Rossi
J
Buyer's Agent in 2018
Jeanne Rossi
DKR Property Mgmt & Maint LLC
(610) 419-6101
6 in this area
32 Total Sales
-
David Bohning
Seller's Agent in 2014
David Bohning
BHHS Fox & Roach
(610) 703-9266
4 in this area
36 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 569451
APN: P6NE1D-3-14-0204
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.
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.
Nearby Homes
- 20 W Raspberry St
- 80 W North St
- 61 W Union Blvd
- 87 E Broad St
- 72 W Market St
- 23 W Goepp St
- 913 Masslich St
- 131 E Walnut St
- 828 Center St
- 128 E Spruce St
- 736 High St
- 205 W Broad St
- 109 W Frankford St
- 113 W Frankford St
- 526 2nd Ave
- 1032 Main St
- 405 1st Ave
- 1131 N New St
- 273 W Fairview St
- 746 Linden St