NOT LISTED FOR SALE

Estimated Value: $266,000 - $319,185

3 Beds
2 Baths
2,195 Sq Ft
$134/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $185,000 $84 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,642/month

7 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • 3 Car Garage
  • Storm Windows
  • Baseboard Heating
  • 2-minute walk to Elmwood Park

About This Home

As of December 2019

Calling all investors!! TURN KEY Investment Property with a CAP RATE OVER 9% in North Bethlehem. This brick, end unit row-home is located within walking distance of Downtown Bethlehem, shopping, YMCA, library and so much more. The 1st floor offers a 1 bed, 1 bath unit with front and back porch, basement access and small fenced in yard. These long time tenants also maintain the grounds. The 2nd floor unit offers 2 stories, 2 beds, 1 bath, walk-in closet, washer/dryer and tons of storage space. Some overall updates/features also include new windows, new gas furnace, updated 2nd floor apartment, radon remediation system and natural sunlight throughout. The detached 3 bay garage is fully rented out bringing a total of 5 income streams into 1 property. For the smart investor, this is a slam dunk! Call today to schedule your showings while it's still available!

Last Agent to Sell the Property

Anthony DePue

Win-Win Realty, Inc. Listed on: 11/26/2019

Last Buyer's Agent

Jared Erhart

Home Team Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1914

Lot Details

  • 2,600

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,195 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 3 Car Garage
  • Leased Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil

Additional Features

  • Balcony
  • 2,600 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number P6NE2A 21 1 0204

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $1,200
  • Trash Expense $444
  • Water Sewer Expense $1,004
  • Operating Expense $6,538
  • Gross Income $22,920
  • Net Operating Income $16,382

Security

  • Storm Windows
  • Storm Doors
  • Fire Escape

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,995

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Row-End Unit
  • County Assessment: 45200.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Storm Doors, Storm Windows, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Square Footage: 2195

Exterior Features

  • Construction: Aluminum, Brick

Garage/Parking

  • Parking: Garage, Rented
  • Parking Spaces: 3

Utilities

  • Cooling: Window AC
  • Heat Type: Baseboard, Forced Air, Gas, Oil
  • Sewer: Public
  • Water: Public
  • Insurance: 1200
  • Trash Removal: 444
  • Water Sewer: 1004

Fee Information

  • Operating Expense: 6538

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.060
  • Lot Sq Ft: 2600
  • Zoning Code: RT-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P6NE2A 21 1 0204
  • County Taxes: 488.16
  • Municipal Taxes: 865.13
  • Total Taxes: 3995.23

Multi Family

  • School Taxes: 2641.94
  • Total Units: 5
  • Total Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Dec 19, 2019
Sold by
Echard Wendy W
Bought by
Covo Realty Llc
Seller's Agent
Anthony DePue
Win-Win Realty, Inc.
Buyer's Agent
Jared Erhart
Home Team Real Estate
List Price
$179,900
Sold Price
$185,000
Premium/Discount to List
$5,100
2.83%
Current Estimated Value
$293,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,796
Avg. Annual Appreciation
8.48%

Purchase Details

Listed on
Jul 14, 2017
Closed on
Sep 6, 2017
Sold by
Ntm Investment Group Llc
Bought by
Echard Wendy W
Seller's Agent
Michael Strickland
Kurfiss Sotheby's International Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$165,000
Sold Price
$153,000
Premium/Discount to List
-$12,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%
Original Mortgage
$80,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 17, 2013
Closed on
Nov 18, 2013
Sold by
Maloney Michael J and Hardiman Maloney June A
Bought by
Ntm Investment Group Llc
Seller's Agent
Dennis Greenzweig
BHHS Fox & Roach Bethlehem
Buyer's Agent
Michael Strickland
Kurfiss Sotheby's Int. Realty
List Price
$159,900
Sold Price
$147,500
Premium/Discount to List
-$12,400
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$112,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage
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
Covo Realty Llc $185,000 None Available
Echard Wendy W $153,000 Commitment For Title Insuran
Ntm Investment Group Llc $147,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covo Realty Llc $138,750
Previous Owner Echard Wendy W $80,000
Previous Owner Ntm Investment Group Llc $112,000
Previous Owner Maloney Michael J $52,000
Previous Owner Maloney Michael $46,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2019 12/19/19 Sold $185,000 +2.8% $84 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $179,900 +17.6% $82 / Sq Ft
09/06/2017 09/06/17 Sold $153,000 -7.3% $70 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $165,000 +11.9% $75 / Sq Ft
11/18/2013 11/18/13 Sold $147,500 -7.8% $67 / Sq Ft
09/23/2013 09/23/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $159,900 -- $73 / 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 $488 $45,200 $12,700 $32,500
2024 $3,995 $45,200 $12,700 $32,500
2023 $3,995 $45,200 $12,700 $32,500
2022 $3,964 $45,200 $12,700 $32,500
2021 $3,937 $45,200 $12,700 $32,500
2020 $3,900 $45,200 $12,700 $32,500
2019 $3,887 $45,200 $12,700 $32,500
2018 $3,792 $45,200 $12,700 $32,500
2017 $3,747 $45,200 $12,700 $32,500
2016 -- $45,200 $12,700 $32,500
2015 -- $45,200 $12,700 $32,500
2014 -- $45,200 $12,700 $32,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 629323

Greater Lehigh Valley REALTORS®

APN: P6NE2A-21-1-0204