NOT LISTED FOR SALE

701-03 3rd Ave Altoona, PA 16602

Estimated Value: $56,000 - $160,534

-- Bed
-- Bath
1,750 Sq Ft
$56/Sq Ft Est. Value

Last Sold January 08, 2015

Last sale price $82,500 $47 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $602/month

168 Days on Market

About This Home

As of January 2015

Exceptionally well kept multi-unit. This is probably unlike what you have been looking at. You will know instantly when you go through, this place was looked after...NOT let go. All the maintenance was done....and done properly. The tenants are screened and seemed to take care of the place. DON'T LET THE ADDRESS FOOL YOU! There are very nice homes on this block with some very nice homeowners. I met some of them already. THE NUMBERS WORK OUT...and SO DOES THE PRICE!

Last Agent to Sell the Property

John Farabaugh

Coldwell Banker Town & Country R.E. License #RS296947 Listed on: 07/13/2014

Last Buyer's Agent

Brian Bender

Dan Peters & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $600

Lot Details

  • 2,614

Home Design

  • 1,750 Sq Ft Home

Parking

  • Attached Garage
  • Carport
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1.3-3 109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$600

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Subdivision Name: Unknown
  • Directions: Renters must be confirmed.
  • Above Grade Finished Sq Ft: 1750.0
  • Income And Expenses Operating Expense: 3588.0
  • Special Features: None

Interior Features

  • Fireplace: No

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Asphalt, Attached, Carport, Driveway
  • Parking Features:Carport: Yes
  • Parking Features:Driveway: Yes
  • General Property Information:_pound_ Garages: 1
  • Parking Features:Asphalt: Yes
  • Parking Features:Attached: Yes

Utilities

  • Cooling: None
  • Heating: Natural Gas, Other, See Remarks
  • Sewer: Public Sewer
  • Cooling Y N: No
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public, Separate Meters
  • Heating:Natural Gas: Yes
  • Heating:See Remarks7: Yes
  • Heating:Other7: Yes
  • Heating:Separate Meters: Yes

Schools

  • Junior High Dist: Altoona

Lot Info

  • Parcel #: 1.3-3 109

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 600.0

Multi Family

  • Income And Expenses Net Operating Income: 17132.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2014
Closed on
Jan 7, 2015
Sold by
Lechner Diana M
Bought by
Prasad Real Estate Corp
Seller's Agent
John Farabaugh
Coldwell Banker Town & Country R.E.
Buyer's Agent
Brian Bender
Dan Peters & Associates
List Price
$98,800
Sold Price
$82,500
Premium/Discount to List
-$16,300
-16.5%
Current Estimated Value
$98,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,634
Avg. Annual Appreciation
1.63%
Original Mortgage
$61,875
Outstanding Balance
$47,603
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$50,531

Purchase Details

Closed on
Jan 26, 2005
Sold by
Lechner Frank W and Lechner Elizabeth E
Bought by
Lechner Frank W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
8.99%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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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
Prasad Real Estate Corp $82,500 None Available
Lechner Frank W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prasad Real Estate Corp $61,875
Previous Owner Lechner Frank W $50,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2015 01/08/15 Sold $82,500 -16.5% $47 / Sq Ft
12/28/2014 12/28/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $98,800 -- $56 / Sq Ft
Source: Allegheny Highland Association of 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 $959 $50,200 $5,000 $45,200
2024 $848 $50,200 $5,000 $45,200
2023 $786 $50,200 $5,000 $45,200
2022 $775 $50,200 $5,000 $45,200
2021 $775 $50,200 $5,000 $45,200
2020 $774 $50,200 $5,000 $45,200
2019 $756 $50,200 $5,000 $45,200
2018 $734 $50,200 $5,000 $45,200
2017 $3,176 $50,200 $5,000 $45,200
2016 $160 $5,000 $430 $4,570
2015 $160 $5,000 $430 $4,570
2014 $160 $5,000 $430 $4,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Allegheny Highland Association of REALTORS®

MLS Number: 39710

Allegheny Highland Association of REALTORS®

APN: 01-02051270