$475,000
SOLD JUL 29, 2016
14 Beds
7 Baths
5,202 Sq Ft
2,788 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

38 Days on Market

About This Home

As of September 2021

A completely remodeled 7 unit apartment building nestled on 3 parcels of land. Fully occupied with leases and deposits. Each unit has 2 bedrooms and all utilities are separated. Economical gas heat, hard-wired smokes, tile baths, modern kitchens, 2nd means of egress-fire escape for each unit, secured entry system with intercom, all new windows and doors, separate water heaters for each unit, 2 full basements, coin operated laundry, and a separate lot to add parking or other improvements in the future. Each unit was gutted to the studs - all new plumbing and electric was added in the last 3 years. A code free building that is a true low to no maintenance building and cash flows very well. Can be sold as a package deal with MLS #516308. This building has been professionally managed under this owner and has good quality-paying tenants that respect the building they live in. Guaranteed to be the 2 most stable investment properties on the market today!!!

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty

Co-Listed By

Emanuel DeJesus

Coldwell Banker Hearthside

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,285

Year Built

  • Built in 1900

Lot Details

  • Property is zoned RM Residential

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,202 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector
  • Fire Escape

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4763103831

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,285

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Detached
  • Technology: Cable, Smoke Detector Wired
  • County Assessment: 71100.00
  • Stories: 3.0
  • Street Number Modifier: 739
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape, Storm Windows
  • Bathrooms: Modern
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 14
  • Square Footage: 5202

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 480
  • Insurance: 2392
  • Trash Removal: 420
  • Water Sewer: 2200

Condo/Co-op/Association

  • Lawn Snow Removal: 350
  • Maintenance Repair: 1000

Fee Information

  • Operating Expense: 12633

Schools

  • School District: Bethlehem

Lot Info

  • Zoning Code: RM Residential

Tax Info

  • Assessor Parcel Number: 4763103831
  • County Taxes: 767.88
  • Municipal Taxes: 1360.85
  • Total Taxes: 6284.53

Multi Family

  • School Taxes: 4155.80
  • Total Units: 7
  • Total Unit Count: 7

MLS Schools

  • School District: Bethlehem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Sep 2, 2021
Sold by
Petlyn Bethlehem Acquisitions Llc
Bought by
Don And Terri Newhouse Llc
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Aisha Smith
Coldwell Banker Hearthside
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%
Total Days on Market
38
Current Estimated Value
$620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$150,000
Avg. Annual Appreciation
-5.69%
Original Mortgage
$577,500
Outstanding Balance
$530,043
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$89,957

Purchase Details

Listed on
Mar 27, 2016
Closed on
Jul 29, 2016
Sold by
Nas Pa Holdings Llc
Bought by
Petlyn Bethlehem Acquisitions Llc
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%

Purchase Details

Listed on
May 24, 2012
Closed on
Dec 31, 2012
Sold by
Dowling David
Bought by
Nas Pa Holdings Llc
Seller's Agent
Theodore VanWert
IronValley RE of Lehigh Valley
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$398,800
Sold Price
$340,000
Premium/Discount to List
-$58,800
-14.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Map

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 Type Sale Price Title Company
Special Warranty Deed $770,000 Steel Abstract
Deed $475,000 Attorney
Deed $340,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $577,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $770,000 -0.6% $148 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $775,000 +63.2% $149 / Sq Ft
07/29/2016 07/29/16 Sold $475,000 0.0% $91 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/27/2016 03/27/16 For Sale $475,000 +39.7% $91 / Sq Ft
12/31/2012 12/31/12 Sold $340,000 -14.7% $65 / Sq Ft
11/15/2012 11/15/12 Pending -- -- --
05/24/2012 05/24/12 For Sale $398,800 -- $77 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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 $25 $2,300 $2,300 $0
2024 $203 $2,300 $2,300 $0
2023 $203 $2,300 $2,300 $0
2022 $202 $2,300 $2,300 $0
2021 $200 $2,300 $2,300 $0
2020 $198 $2,300 $2,300 $0
2019 $198 $2,300 $2,300 $0
2018 $193 $2,300 $2,300 $0
2017 $191 $2,300 $2,300 $0
2016 -- $2,300 $2,300 $0
2015 -- $2,300 $2,300 $0
2014 -- $2,300 $2,300 $0
Source: Public Records

Source: Greater Lehigh Valley REALTORS®

MLS Number: 516209

Greater Lehigh Valley REALTORS®

APN: P6SE2D-13-12-0204