NOT LISTED FOR SALE

723 W Broad St Bethlehem, PA 18018

West Bethlehem Neighborhood

Estimated Value: $369,447

3 Beds
2 Baths
2,314 Sq Ft
$160/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $251,100 $109 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,349/month

11 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 4-minute walk to Fairview Park

About This Home

As of May 2021

Fantastic investment opportunity! This 2-unit property has been well maintained and is in excellent condition. Great West Bethlehem location! Separate newer gas heating systems, 2 gas water heaters, 2 upgraded electric panels. Replacement windows throughout. First floor apartment features a kitchen, bath, extra-wide hall (which could be an additional room), office, bedroom, & living room. This apartment has central air. 1st floor tenant has access to basement, which contains washer, dryer. 2nd/3rd floor apartment contains kitchen, bath, office, living room & 2 bedrooms. Nice yard with off-street parking for 2 cars. Tenants pay gas & electric. Landlord pays water/sewer, trash removal, insurance, and taxes. No written leases - tenants are month to month. Rents have not been raised in years. Investment properties in this condition don't come along often! Clear C/O!
Tenants prefer to be there for showings, so showings will be restricted to Saturday, 4/3 and Sunday, 4/4.

Last Agent to Sell the Property

Kori Andralis-Erceg

BHHS Fox & Roach Bethlehem Listed on: 03/28/2021

BHHS Fox & Roach Bethlehem

Last Buyer's Agent

Lauren Midlam

VM Realty Group LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,888

Year Built

  • Built in 1910

Lot Details

  • 2,701 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,314 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Site Parking

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 642728622438001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,500
  • Trash Expense $320
  • Water Sewer Expense $480
  • Operating Expense $6,187
  • Gross Income $23,400
  • Net Operating Income $17,213

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,888

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row/Townhouse
  • County Assessment: 136500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Features: Hardwood, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Square Footage: 2314

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site
  • Parking Spaces: 2

Utilities

  • Cooling: Central AC
  • Heat Type: Gas, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 1500
  • Trash Removal: 320
  • Water Sewer: 480

Fee Information

  • Operating Expense: 6187

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.062
  • Lot Sq Ft: 2701
  • Zoning Code: CL-LIMITED COMMERCIAL

Tax Info

  • Assessor Parcel Number: 642728622438001
  • County Taxes: 515.97
  • Municipal Taxes: 825.83
  • Total Taxes: 3887.53

Multi Family

  • School Taxes: 2545.73
  • Total Units: 2
  • Total Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2021
Closed on
May 14, 2021
Sold by
Pappas Nicholas and Pappas Connie
Bought by
Hh 723 West Broad Street Llc
Seller's Agent
Kori Andralis-Erceg
BHHS Fox & Roach Bethlehem
Buyer's Agent
Lauren Midlam
VM Realty Group LLC
List Price
$230,000
Sold Price
$251,100
Premium/Discount to List
$21,100
9.17%
Current Estimated Value
$369,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,347
Avg. Annual Appreciation
8.65%

Purchase Details

Closed on
Feb 1, 1985
Sold by
Pappas Nicholas
Bought by
Pappas Nicholas and Pappas Connie

Purchase Details

Closed on
Jan 5, 1978
Bought by
Pappas Nicholas
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
Hh 723 West Broad Street Llc $251,100 None Available
Pappas Nicholas -- --
Pappas Nicholas $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hh 723 West Broad Street Llc $157,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $251,100 +9.2% $109 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
03/28/2021 03/28/21 For Sale $230,000 -- $99 / 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 $3,922 $136,500 $18,900 $117,600
2024 $3,877 $136,500 $18,900 $117,600
2023 $3,842 $136,500 $18,900 $117,600
2022 $3,905 $136,500 $117,600 $18,900
2021 $3,888 $136,500 $18,900 $117,600
2020 $3,763 $136,500 $18,900 $117,600
2019 $3,791 $136,500 $18,900 $117,600
2018 $3,717 $136,500 $18,900 $117,600
2017 $3,552 $136,500 $18,900 $117,600
2016 -- $136,500 $18,900 $117,600
2015 -- $136,500 $18,900 $117,600
2014 -- $136,500 $18,900 $117,600
Source: Public Records

Agents Affiliated with this Home

  • Kori Andralis-Erceg

    Seller's Agent in 2021

    Kori Andralis-Erceg

    BHHS Fox & Roach

    (610) 533-6758

    8 in this area

    82 Total Sales

    Section Image

  • L

    Buyer's Agent in 2021

    Lauren Midlam

    VM Realty Group LLC

    (610) 509-1332

    3 in this area

    90 Total Sales

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 664087

Greater Lehigh Valley REALTORS®

APN: 642728622438-1

Pennsylvania Lehigh County Bethlehem 18018 West Bethlehem

723 W Broad St, Bethlehem, PA

This home is located at 723 W Broad St, Bethlehem, PA 18018 since 28 March 2021 and is currently estimated at $369,447, approximately $159 per square foot. This property was built in 1910. 723 W Broad St is a home located in Lehigh County with nearby schools including Calypso Elementary School, Nitschmann Middle School, and Liberty High School.

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.

Greater Lehigh Valley REALTORS® 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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