Seller's Agent in 2018
Lena Azar
Equity Lehigh Valley LLC
(484) 294-1063
10 Total Sales
655 Main St Freemansburg, PA 18017
Estimated Value: $708,123
--
Bed
--
Bath
7,204
Sq Ft
$98/Sq Ft
Est. Value
Highlights
- 0.76 Acre Lot
- Central Air
- Historic Home
- Commercial or Retail Space
- 40 Car Garage
About This Home
As of September 2018Fantastic commercial/investment opportunity to own the Willow Grove Hotel, a successful operating bar/hotel. Conveniently located between Easton and Bethlehem with easy access to Rt. 22, Rt. 33 and I-78, and within minutes of Sands Casino, SteelStacks and Musikfest. **Hotel liquor license included in sale.** This 1890s, 7,200-sq.-ft. building and ¾-acre property allow you to continue operating business as is or adapt for your use. Property boasts a first-floor bar with seating for 40+ patrons, pool table area with fireplace, banquet room, kitchen and rest rooms, as well as potential for outdoor bar space. Second and third floors consist of rental apartments ($550/month+ each) and rental rooms ($75/weekly each), which are typically occupied. Office and storage space complete the upstairs. Parking lot accommodates 40+ vehicles, and off-street parking is available. 2-car oversized garage, currently rented out at $300/month. Property needs TLC/updating but offers incredible potential!
Last Agent to Sell the Property
Equity Lehigh Valley LLC License #RS283832 Listed on: 11/21/2016
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,419
Year Built
- Built in 1890
Lot Details
- 0.76 Acre Lot
- Historic Home
Parking
- 40 Car Garage
Home Design
- 7,204 Sq Ft Home
- Commercial or Retail Space
- Mixed Use
Utilities
- Central Air
- No Cooling
- Heating System Uses Gas
Community Details
- 9 Units
Listing and Financial Details
- Assessor Parcel Number N7SW3B 4 4A 0212
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 21, 2016
Closed on
Sep 25, 2018
Sold by
Zimmerer Michael C
Bought by
Taylor Hoffman Llc
Seller's Agent
Lena Azar
Equity Lehigh Valley LLC
Buyer's Agent
Gary Elbert
Bellman & Radcliff
List Price
$3,759,000
Sold Price
$435,000
Premium/Discount to List
-$3,324,000
-88.43%
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
$273,123
Avg. Annual Appreciation
7.10%
Original Mortgage
$404,750
Outstanding Balance
$353,691
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$347,933
Purchase Details
Closed on
May 1, 1988
Sold by
Zimmerer Michael C
Bought by
Zimmerer Michael C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Taylor Hoffman Llc | $435,000 | Parkland Abstract Corporatio | |
| Zimmerer Michael C | $71,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Taylor Hoffman Llc | $404,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2018 09/25/18 | Sold | $435,000 | -88.4% | $60 / Sq Ft |
| 04/03/2018 04/03/18 | Pending | -- | -- | -- |
| 11/21/2016 11/21/16 | For Sale | $3,759,000 | -- | $522 / 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 | $615 | $56,900 | $24,100 | $32,800 |
| 2024 | $4,965 | $56,900 | $24,100 | $32,800 |
| 2023 | $4,979 | $56,900 | $24,100 | $32,800 |
| 2022 | $4,826 | $56,900 | $24,100 | $32,800 |
| 2021 | $4,793 | $56,900 | $24,100 | $32,800 |
| 2020 | $4,258 | $50,500 | $24,100 | $26,400 |
| 2019 | $4,244 | $50,500 | $24,100 | $26,400 |
| 2018 | $4,172 | $50,500 | $24,100 | $26,400 |
| 2017 | $4,147 | $50,500 | $24,100 | $26,400 |
| 2016 | -- | $50,500 | $24,100 | $26,400 |
| 2015 | -- | $50,500 | $24,100 | $26,400 |
| 2014 | -- | $50,500 | $24,100 | $26,400 |
Source: Public Records
Agents Affiliated with this Home
-
Lena Azar
-
Kate Schaffner
K
Seller Co-Listing Agent in 2018
Kate Schaffner
Equity Lehigh Valley LLC
(610) 554-6014
12 Total Sales
-
Gary Elbert
G
Buyer's Agent in 2018
Gary Elbert
Bellman & Radcliff
(610) 393-1801
2 in this area
122 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 535003
APN: N7SW3B-4-4A-0212
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