NOT LISTED FOR SALE

727 W Broad St Bethlehem, PA 18018

West Bethlehem Neighborhood

Estimated Value: $279,479

3 Beds
1.5 Baths
2,500 Sq Ft
$112/Sq Ft Est. Value

Last Sold May 24, 2018

Last sale price $160,000 $64 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,922/month

7 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Patio
  • Balcony
  • Storm Windows
  • Home Security System

About This Home

As of May 2018

Attention investors looking for mixed use duplex for $170,000! $1,875 monthly income! Rents are: first floor $675, Second floor $975 and garage (Both floors) $225. $22,500 per year Gross Rent. Minus gross expenses: taxes ($4,515 year) and insurance ($1,000) water+Sewage ($58 month) trash ($33 month). NOI is $1,324 per month or $15,893 per year! Cash cow and turnkey rolled into one. This nicely kept and maintained duplex has a three-office suite with kitchen on the first floor and a three-bedroom apartment suite on the upper floors, both with Central air A/C. Large, two-car garage and storage is located in the rear of property with alley access (Was previously rented for storage). First floor has Electric heat pump, second floor has Oil heat with each unit having separate utilities. Full basement with plenty of room for storage. Tenants pay for electric, oil-heat (Res. unit), hot water and cable. This impressive investment opportunity is located in a quiet and clean residential area.

Last Agent to Sell the Property

David Springer

Springer Realty Group Inc Listed on: 04/10/2018

Springer Realty Group Inc

Last Buyer's Agent

Mark Sames

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 21x150

Parking

  • 8 Car Garage

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Home Security System
  • Disposal
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 642728528458-00001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • Trash Expense $33
  • Water Sewer Expense $58
  • Gross Income $22,500
  • Net Operating Income $15,893

Security

  • Storm Windows
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Mixed Use, Row/Townhouse
  • Technology: Cable, Security System, Smk Detector Battery
  • County Assessment: 166600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1901
  • Special Features: None

Interior Features

  • Features: Balcony, Disposal, Fireplace, Hardwood, Patio, Storm Windows, Wall-to-Wall Carpet, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Square Footage: 2500

Exterior Features

  • Construction: Brick, Stone

Garage/Parking

  • Parking: Garage, Paved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: Central AC
  • Heat Type: Baseboard, Electric, Heat Pump, Oil, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 1000
  • Trash Removal: 33
  • Water Sewer: 58

Schools

  • School District: Bethlehem

Lot Info

  • Lot Dimensions: 21X150
  • Zoning Code: Res/Com

Tax Info

  • Assessor Parcel Number: 642728528458-00001
  • County Taxes: 629.75
  • Municipal Taxes: 1007.93
  • Total Taxes: 4689.79

Multi Family

  • School Taxes: 3052.11
  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Bethlehem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
May 24, 2018
Sold by
Spangled May Properties Llc
Bought by
West Side Investments Llc
Seller's Agent
David Springer
Springer Realty Group Inc
Buyer's Agent
Mark Sames
IronValley RE of Lehigh Valley
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%
Current Estimated Value
$279,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,479
Avg. Annual Appreciation
7.82%
Original Mortgage
$128,000
Outstanding Balance
$111,615
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$164,499

Purchase Details

Closed on
Nov 22, 2005
Sold by
Robertson Stephanie C
Bought by
Spangled May Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2001
Sold by
The Northwestern Corp
Bought by
Robertson Stephanie C

Purchase Details

Closed on
Nov 1, 1993
Sold by
Falcone Barbara J
Bought by
Northwestern Corp

Purchase Details

Closed on
Apr 5, 1991
Sold by
Schutz Jacquelynne
Bought by
Falcone Barbara J

Purchase Details

Closed on
Nov 21, 1989
Bought by
Schutz Jacquelynne
Source: Public Records

Range of Values:

Collateral Analytics

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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
West Side Investments Llc $160,000 1St Patriot Abstract Of Lehi
Spangled May Properties Llc $200,000 None Available
Robertson Stephanie C $75,000 --
Northwestern Corp $115,000 --
Falcone Barbara J $107,000 --
Schutz Jacquelynne $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Side Investments Llc $128,000
Previous Owner Spangled May Properties Llc $100,000
Previous Owner Spangled May Properties Llc $160,000
Previous Owner Spangled May Properties Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2018 05/24/18 Sold $160,000 -5.9% $64 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $170,000 -- $68 / 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 $4,786 $166,600 $22,100 $144,500
2024 $4,731 $166,600 $22,100 $144,500
2023 $4,690 $166,600 $22,100 $144,500
2022 $4,766 $166,600 $144,500 $22,100
2021 $4,745 $166,600 $22,100 $144,500
2020 $4,593 $166,600 $22,100 $144,500
2019 $4,626 $166,600 $22,100 $144,500
2018 $4,537 $166,600 $22,100 $144,500
2017 $4,335 $166,600 $22,100 $144,500
2016 -- $166,600 $22,100 $144,500
2015 -- $166,600 $22,100 $144,500
2014 -- $166,600 $22,100 $144,500
Source: Public Records

Agents Affiliated with this Home

  • David Springer

    Seller's Agent in 2018

    David Springer

    Springer Realty Group Inc

    (610) 202-2859

    17 Total Sales

    David Springer
    Section Image

  • M

    Buyer's Agent in 2018

    Mark Sames

    IronValley RE of Lehigh Valley

    (484) 764-1949

    3 in this area

    44 Total Sales

    Mark Sames
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 576437

Greater Lehigh Valley REALTORS®

APN: 642728528458-1

Pennsylvania Lehigh County Bethlehem 18018 West Bethlehem

727 W Broad St, Bethlehem, PA

This home is located at 727 W Broad St, Bethlehem, PA 18018 since 10 April 2018 and is currently estimated at $279,479, approximately $111 per square foot. This property was built in 1901. 727 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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