NOT LISTED FOR SALE

648 Main St Unit 648-650 Hellertown, PA 18055

Estimated Value: $1,165,697

-- Bed
-- Bath
10,528 Sq Ft
$111/Sq Ft Est. Value

Last Sold September 09, 2021

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

Est. 21% increase in value since last sale

Current estimated payment $6,627/month

29 Days on Market

Highlights

  • Balcony
  • Commercial or Retail Space
  • 4-minute walk to Water Street Park
  • Patio
  • 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 Listed By

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
  • Commercial or Retail Space
  • 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

Schools

  • School District: Saucon Valley

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%
Total Days on Market
29
Current Estimated Value
$1,165,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,697
Avg. Annual Appreciation
5.22%
Original Mortgage
$723,750
Outstanding Balance
$665,695
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$500,002

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

Range of Values:

Collateral Analytics

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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 $622,109
Previous Owner Wright Melvin J $751,000
Previous Owner Wagner Bradford D $80,000
Previous Owner Wagner Bradford D $255,000
Previous Owner Wagner Bradford D $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

    2 in this area

    129 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

    103 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

Homes for Sale in Hellertown, PA

This home is located at 648 Main St Unit 648-650, Hellertown, PA 18055 since 10 June 2021 and is currently estimated at $1,165,697, approximately $110 per square foot. This property was built in 1954. 648 Main St Unit 648-650 is a home located in Northampton County with nearby schools including Saucon Valley Elementary School, Saucon Valley Senior High School, and Lehigh Valley Dual Language Charter 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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