J
Seller's Agent in 2024
Joshua Schoenberger
EXP Realty LLC
(888) 397-7352
2 in this area
39 Total Sales
662 Main St Slatington, PA 18080
Estimated Value: $249,682
6
Beds
4
Baths
5,714
Sq Ft
$44/Sq Ft
Est. Value
About This Home
As of July 20244-unit cash-flowing property with $57,300 gross income and $44,000 actual net income. 8.8% net cap rate! Owners have expanded one apartment and updated two others to create three 2-bedroom units. There have been many renovations, from the roof to the rear building, and throughout all the units. Some have new bathrooms, new flooring, new kitchens, appliances, etc. Beautiful commercial storefront currently a booming pet photography shop. Prime downtown location, walking distance to restaurants, 5 minutes from Giant supermarket and other stores, and 25 minutes north of Route 22—ideal for tenant commutes. Close to the Lehigh River with great walking and biking trails. Nearby Slatington Farmers Market offers antiques and food. Charming town, peaceful yet conveniently located. Investors, the numbers speak for themselves: cash-flowing property with the potential to add laundry and storage areas.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,618
Year Built
- Built in 1900
Lot Details
- 2,657
Parking
- 4 Parking Spaces
Home Design
- Mixed Use
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 556203543664 001
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $600
- Insurance Expense $2,100
- Maintenance Expense $2,000
- Other Expense $500
- Water Sewer Expense $1,500
- Operating Expense $13,300
- Gross Income $57,300
- Net Operating Income $44,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2024
Closed on
Jul 30, 2024
Sold by
Lehigh Valley Private Equity Fund Llc
Bought by
Shetayh Bronson
Seller's Agent
Joshua Schoenberger
EXP Realty LLC
Buyer's Agent
Kevin Azar
RE/MAX Real Estate
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Views
13
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
-$230,318
Original Mortgage
$384,000
Outstanding Balance
$377,526
Interest Rate
6.86%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 17, 2023
Closed on
Oct 16, 2023
Sold by
Endlich Properties I Llc
Bought by
Lehigh Valley Private Equity Fund Llc
Seller's Agent
Rebecca Entwisle
RE/MAX Real Estate
Buyer's Agent
nonmember nonmember
NON MBR Office
List Price
$295,000
Sold Price
$266,000
Premium/Discount to List
-$29,000
-9.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.11%
Purchase Details
Listed on
Apr 21, 2014
Closed on
Sep 25, 2014
Sold by
Buffa Salvatore and Buffa Elaine
Bought by
Endlich Properties Llc
Seller's Agent
Pamela Gothard
RE/MAX Real Estate - Allentown
Buyer's Agent
Pamela Gothard
RE/MAX Real Estate - Allentown
List Price
$159,000
Sold Price
$137,000
Premium/Discount to List
-$22,000
-13.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$102,750
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 31, 2006
Sold by
Wetzel Lynn B
Bought by
Buffa Salvatore and Buffa Elaine
Purchase Details
Closed on
Apr 16, 1998
Sold by
Wetzel Lynn B and Hamrick Darla
Bought by
Wetzel Lynn B
Purchase Details
Closed on
Nov 20, 1989
Sold by
Tramonte Salvatore and Tramonte Antonia
Bought by
Wetzel Lynn B and Darla Hamrick
Purchase Details
Closed on
Jul 28, 1988
Bought by
Tramonte Salvatore and Tramonte Antonia
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shetayh Bronson | $480,000 | Lighthouse Abstract | |
| Lehigh Valley Private Equity Fund Llc | $266,000 | Imagine Abstract | |
| Endlich Properties Llc | $137,000 | None Available | |
| Buffa Salvatore | $125,000 | None Available | |
| Wetzel Lynn B | $39,359 | -- | |
| Wetzel Lynn B | $80,000 | -- | |
| Tramonte Salvatore | $46,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shetayh Bronson | $384,000 | |
| Previous Owner | Endlich Properties Llc | $102,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $480,000 | -3.8% | $84 / Sq Ft | |
| 06/13/2024 06/13/24 | Pending | -- | -- | -- | |
| 06/05/2024 06/05/24 | For Sale | $499,000 | 0.0% | $87 / Sq Ft | |
| 01/08/2024 01/08/24 | Rented | $1,400 | +0.1% | -- | |
| 12/30/2023 12/30/23 | Price Changed | $1,399 | -3.5% | $2 / Sq Ft | |
| 12/07/2023 12/07/23 | For Rent | $1,450 | 0.0% | -- | |
| 10/16/2023 10/16/23 | Sold | $266,000 | -9.8% | $47 / Sq Ft | View Prior Sale |
| 10/02/2023 10/02/23 | Pending | -- | -- | -- | |
| 09/17/2023 09/17/23 | For Sale | $295,000 | +115.3% | $53 / Sq Ft | |
| 09/25/2014 09/25/14 | Sold | $137,000 | -13.8% | $24 / Sq Ft | View Prior Sale |
| 08/01/2014 08/01/14 | Pending | -- | -- | -- | |
| 04/15/2014 04/15/14 | For Sale | $159,000 | -- | $28 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
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 |
|---|---|---|---|---|
| 2026 | $7,209 | $183,100 | $5,400 | $177,700 |
| 2025 | $6,913 | $183,100 | $5,400 | $177,700 |
| 2024 | $6,618 | $183,100 | $5,400 | $177,700 |
| 2023 | $6,234 | $183,100 | $5,400 | $177,700 |
| 2022 | $6,142 | $183,100 | $177,700 | $5,400 |
| 2021 | $5,955 | $183,100 | $5,400 | $177,700 |
| 2020 | $5,785 | $183,100 | $5,400 | $177,700 |
| 2019 | $5,658 | $183,100 | $5,400 | $177,700 |
| 2018 | $5,545 | $183,100 | $5,400 | $177,700 |
| 2017 | $5,522 | $183,100 | $5,400 | $177,700 |
| 2016 | -- | $183,100 | $5,400 | $177,700 |
| 2015 | -- | $183,100 | $5,400 | $177,700 |
| 2014 | -- | $183,100 | $5,400 | $177,700 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Schoenberger
-
Kevin Azar
K
Buyer's Agent in 2024
Kevin Azar
RE/MAX
(610) 751-7046
1 in this area
29 Total Sales
-
Rebecca Entwisle
Seller's Agent in 2023
Rebecca Entwisle
RE/MAX
(610) 216-6788
2 in this area
77 Total Sales
-
nonmember nonmember
n
Buyer's Agent in 2023
nonmember nonmember
NON MBR Office
-
Pamela Gothard
Seller's Agent in 2014
Pamela Gothard
RE/MAX Real Estate - Allentown
(610) 377-2700
2 in this area
196 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 739153
APN: 556203543664-1
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.
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