NOT LISTED FOR SALE

648 Main St Unit 648-650 Hellertown, PA 18055

Estimated Value: $1,259,571

-- Bed
-- Bath
10,528 Sq Ft
$120/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $965,000 $92 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,721/month

29 Days on Market

Highlights

  • Balcony
  • Patio
  • 4-minute walk to Water Street Park
  • Saucon Valley Senior High School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Cash flowing, fully occupied 8 unit mixed use space in Hellertown Borough. $99,840 Actual Gross, $73,062 Net Income, 7.3% CAP @ ASK. 2 commercial spaces - both with stable booming businesses, 4 large residential units: 1 - 4 bedroom, 1 - 2 bedroom, 2 - 1 bedroom, all with their own washer & dryers, 2 bay garage, & another flex space/commercial unit . Brand new roof 2021. No late or missed rent even during COVID! Under market rent for added income potential. Great location with easy access to 412 & 78. Investors won’t be disappointed. Minimum 24 hours notice & proof of funds required prior to showing.

Last Agent to Sell the Property

Vickie Landis

Keller Williams Realty Group Listed on: 06/10/2021

Keller Williams Realty Group

Co-Listed By

Trisha Lutteroty

Keller Williams Realty Group License #RS334209

Last Buyer's Agent

Vickie Landis

Keller Williams Realty Group Listed on: 06/10/2021

Keller Williams Realty Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,870

Year Built

  • Built in 1954

Lot Details

  • 0.25

Home Design

  • 10,528 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Stone

Laundry

  • Washer and Dryer Hookup

Parking

  • 15 Parking Spaces
  • Paved Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number Q7SW2D-8-4-0715

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $2,930
  • Insurance Expense $6,020
  • Maintenance Expense $709
  • Other Expense $300
  • Trash Expense $1,480
  • Water Sewer Expense $2,744
  • Operating Expense $26,778
  • Gross Income $99,840
  • Net Operating Income $73,062

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,870

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • County Assessment: 113800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1954
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Patio, Wash/Dry Hook-ups
  • Square Footage: 10528

Exterior Features

  • Construction: Brick, Stone

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 15

Utilities

  • Cooling: Central AC
  • Heat Type: Electric, Forced Air, Gas, Radiant
  • Sewer: Public
  • Water: Public
  • Electric: 2930
  • Gas: 2738
  • Heat: 2930
  • Insurance: 6020
  • Trash Removal: 1480
  • Water Sewer: 2744

Condo/Co-op/Association

  • Lawn Snow Removal: 185
  • Maintenance Repair: 709

Fee Information

  • Operating Expense: 26778

Lot Info

  • Zoning Code: TC

Rental Info

  • Other Expenses: 300

Tax Info

  • Assessor Parcel Number: Q7SW2D-8-4-0715
  • County Taxes: 1342.84
  • Municipal Taxes: 2446.70
  • Total Taxes: 9869.87

Multi Family

  • School Taxes: 6080.33
  • Total Units: 8
  • Total Unit Count: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Sep 9, 2021
Sold by
Wright Melvin J and Wright Alison E
Bought by
Groveland Properties Llc
Seller's Agent
Vickie Landis
Keller Williams Realty Group
Buyer's Agent
Vickie Landis
Keller Williams Realty Group
List Price
$1,000,000
Sold Price
$965,000
Premium/Discount to List
-$35,000
-3.5%
Current Estimated Value
$1,259,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,571
Avg. Annual Appreciation
6.42%
Original Mortgage
$723,750
Outstanding Balance
$658,559
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$601,012

Purchase Details

Closed on
Jun 28, 2007
Sold by
Wagner Bradford D
Bought by
Wright Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$751,000
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Groveland Properties Llc $965,000 Tohickon Settlement Svcs Inc
Wright Melvin J $751,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groveland Properties Llc $723,750
Previous Owner Wright Melvin J $751,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $965,000 -3.5% $92 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $1,000,000 -- $95 / 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 $1,229 $113,800 $41,200 $72,600
2024 $9,896 $113,800 $41,200 $72,600
2023 $9,896 $113,800 $41,200 $72,600
2022 $9,756 $113,800 $41,200 $72,600
2021 $9,870 $113,800 $41,200 $72,600
2020 $9,870 $113,800 $41,200 $72,600
2019 $9,870 $113,800 $41,200 $72,600
2018 $9,739 $113,800 $41,200 $72,600
2017 $9,535 $113,800 $41,200 $72,600
2016 -- $113,800 $41,200 $72,600
2015 -- $113,800 $41,200 $72,600
2014 -- $113,800 $41,200 $72,600
Source: Public Records

Agents Affiliated with this Home

  • Vickie Landis

    Seller's Agent in 2021

    Vickie Landis

    Keller Williams Realty Group

    (484) 272-7738

    3 in this area

    121 Total Sales

    Vickie Landis
    Section Image
  • Trisha Lutteroty

    Seller Co-Listing Agent in 2021

    Trisha Lutteroty

    Keller Williams Realty Group

    (215) 768-4881

    2 in this area

    102 Total Sales

    Trisha Lutteroty
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 669729

Greater Lehigh Valley REALTORS®

APN: Q7SW2D-8-4-0715

Pennsylvania Northampton County Hellertown 18055

648 Main St Unit 648-650, Hellertown, PA

Not Listed for Sale

MultiFamily

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