G
Seller's Agent in 2016
Geoff Gunn
Realty Outfitters
(484) 201-5251
5 in this area
66 Total Sales
710 Dellwood St Bethlehem, PA 18018
Downtown Bethlehem NeighborhoodEstimated Value: $309,620 - $368,000
4
Beds
2
Baths
2,001
Sq Ft
$166/Sq Ft
Est. Value
Highlights
- Balcony
- Forced Air Heating and Cooling System
- 5-minute walk to Elmwood Park
About This Home
As of January 2016$$$$INVESTMENT OPPORTUNITY$$$$$ Totally renovated 2 unit on a quiet well kept Street in Bethlehem offering over a 12% cap rate. Both units have their own high efficiency gas furnace along with central air conditioning, modern kitchens and bathrooms, stainless steel applicances, new windows, and new flooring. Utilities are totally separate including water meters for each unit. The first floor unit is currently rented for $900 from a tenant whose decorating is like an advertisement from Better Homes and Gardens. The second floor unit is currently vacant and could easily rent for $1100 per month. This MUST SEE investment is great for either the experienced savvy investor or a first timer.
Last Agent to Sell the Property
Realty Outfitters License #RS281330 Listed on: 11/24/2015
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $3,659
Year Built
- Built in 1901
Lot Details
- 2,657
Parking
- 2 Parking Spaces
Home Design
- Frame Construction
Interior Spaces
- 2,001 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Balcony
- Lot Dimensions are 30 x 89
Listing and Financial Details
- Assessor Parcel Number P6NE2A-24-16-02-04
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $240
- Insurance Expense $1,000
- Trash Expense $400
- Operating Expense $4,996
- Gross Income $24,000
- Net Operating Income $19,004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2015
Closed on
Jan 29, 2016
Sold by
Grantham Jason
Bought by
Merring Michael C
Seller's Agent
Geoff Gunn
Realty Outfitters
Buyer's Agent
Terrilynn Zukawski
Home Team Real Estate
List Price
$154,900
Sold Price
$152,000
Premium/Discount to List
-$2,900
-1.87%
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
$179,405
Avg. Annual Appreciation
8.24%
Original Mortgage
$149,246
Outstanding Balance
$118,198
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$213,207
Purchase Details
Listed on
Jun 24, 2014
Closed on
Jan 21, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Grantham Jason
Seller's Agent
Jack Gross
BetterHomes&GardensRE/Cassidon
Buyer's Agent
Geoff Gunn
Realty Outfitters
List Price
$37,000
Sold Price
$40,000
Premium/Discount to List
$3,000
8.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
313.80%
Original Mortgage
$42,000
Interest Rate
3.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 30, 2014
Sold by
Smith Karin M and Smith Joseph R
Bought by
Nationstar Mortgage Llc
Purchase Details
Closed on
Mar 29, 2007
Sold by
Pollack Joseph E
Bought by
Smith Joseph R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,250
Interest Rate
6.23%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Merring Michael C | $152,000 | Attorney | |
| Grantham Jason | $40,000 | None Available | |
| Nationstar Mortgage Llc | $159,989 | None Available | |
| Smith Joseph R | $155,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Merring Michael C | $149,246 | |
| Previous Owner | Grantham Jason | $42,000 | |
| Previous Owner | Smith Joseph R | $147,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2016 01/29/16 | Sold | $152,000 | -1.9% | $76 / Sq Ft | |
| 12/11/2015 12/11/15 | Pending | -- | -- | -- | |
| 11/24/2015 11/24/15 | For Sale | $154,900 | +287.3% | $77 / Sq Ft | |
| 02/20/2015 02/20/15 | Sold | $40,000 | +8.1% | $20 / Sq Ft | View Prior Sale |
| 01/14/2015 01/14/15 | Pending | -- | -- | -- | |
| 06/24/2014 06/24/14 | For Sale | $37,000 | -- | $18 / 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 | $447 | $41,400 | $11,400 | $30,000 |
| 2024 | $3,659 | $41,400 | $11,400 | $30,000 |
| 2023 | $3,659 | $41,400 | $11,400 | $30,000 |
| 2022 | $3,631 | $41,400 | $11,400 | $30,000 |
| 2021 | $3,606 | $41,400 | $11,400 | $30,000 |
| 2020 | $3,572 | $41,400 | $11,400 | $30,000 |
| 2019 | $3,560 | $41,400 | $11,400 | $30,000 |
| 2018 | $3,473 | $41,400 | $11,400 | $30,000 |
| 2017 | $3,432 | $41,400 | $11,400 | $30,000 |
| 2016 | -- | $41,400 | $11,400 | $30,000 |
| 2015 | -- | $41,400 | $11,400 | $30,000 |
| 2014 | -- | $41,400 | $11,400 | $30,000 |
Source: Public Records
Agents Affiliated with this Home
-
Geoff Gunn
-
Terrilynn Zukawski
Buyer's Agent in 2016
Terrilynn Zukawski
Home Team Real Estate
(610) 216-4595
7 in this area
55 Total Sales
-
Jack Gross
Seller's Agent in 2015
Jack Gross
BetterHomes&GardensRE/Cassidon
(610) 751-3945
13 in this area
133 Total Sales
-
Melissa Woodruff
Seller Co-Listing Agent in 2015
Melissa Woodruff
Kay Builders, Inc.
(610) 395-6857
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 509152
APN: P6NE2A-24-16-0204
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