NOT LISTED FOR SALE

Estimated Value: $504,000 - $561,000

8 Beds
5 Baths
3,444 Sq Ft
$154/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $785,000 $228 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $2,980/month

75 Days on Market

About This Home

As of June 2019

VALUE ADD OPPORTUNITY! ~ 7 UNIT MIXED USE PROPERTY LOCATED IN DOWNTOWN HISTORIC EASTON ~ 5 RESIDENTIAL UNITS, 2 COMMERCIAL UNITS ~ 77K+ CURRENT GROSS INCOME ~ CONVERTED TO HIGH EFFICIENCY GAS HEAT IN 2016 ~ WELL BELOW MARKET RENTS ~ RENTS ARE 10%+ BELOW CURRENT MARKET RATES AND COULD BE INCREASED WITH MINIMAL CASH OUTLAY ~ PROPERTY INCLUDES 74 N TH ST (3,444 SQUARE FEET) AND 76 N 4TH ST (2,635 SQUARE FEET). CONTACT LISTING AGENT FOR DETAILED FINANCIAL INFORMATION. SEE ATTACHED VIDEO FOR INTERIOR AND EXTERIOR FOOTAGE.

Last Listed By

Charalambos Papageorgiou

Emerald Realty Group Listed on: 01/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,714

Year Built

  • Built in 1900

Lot Details

  • 2,788

Home Design

  • 3,444 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

  • 7 Units
  • Gross Income $77,234

Listing and Financial Details

  • Assessor Parcel Number L9NE3D 15 6 0310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,714

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, Both Halves, Complex
  • County Assessment: 84000.00
  • Street Number Modifier: 76
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 5
  • Full Bathrooms: 5
  • Bedrooms: 8
  • Square Footage: 3444

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Window AC
  • Heat Type: Gas, Hot Water
  • Sewer: Public
  • Water: Public

Schools

  • School District: Easton

Lot Info

  • Zoning Code: R-Hd-Residential - High Density

Tax Info

  • Assessor Parcel Number: L9NE3D 15 6 0310
  • County Taxes: 907.20
  • Municipal Taxes: 2095.80
  • Total Taxes: 8714.16

Multi Family

  • School Taxes: 5711.16
  • Total Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Jun 19, 2019
Sold by
74 N 4Th Llc
Bought by
Ruest Property Management Llc
Seller's Agent
Charalambos Papageorgiou
Emerald Realty Group
Buyer's Agent
Marie Fry
BHHS Fox & Roach Center Valley
List Price
$900,000
Sold Price
$785,000
Premium/Discount to List
-$115,000
-12.78%
Total Days on Market
75
Current Estimated Value
$531,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$253,333
Avg. Annual Appreciation
-6.40%
Original Mortgage
$725,500
Outstanding Balance
$644,555
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$112,888

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jul 14, 2015
Sold by
Rmw Properties Llc
Bought by
74 N 4Th Llc
Seller's Agent
Meryl Cooper
IronValley RE of Lehigh Valley
Buyer's Agent
Bob Wiley
BHHS Fox & Roach - Allentown
List Price
$2,812,500
Sold Price
$2,812,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-27.73%
Original Mortgage
$2,735,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 8, 2012
Closed on
Feb 28, 2013
Sold by
74-756 N 4Th St Llc
Bought by
Rmw Properties Llc
Seller's Agent
Paula Antario
Twin Rivers Real Estate LLC
Buyer's Agent
Paula Antario
Twin Rivers Real Estate LLC
List Price
$425,000
Sold Price
$480,000
Premium/Discount to List
$55,000
12.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.20%
Original Mortgage
$336,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Fountain Partners Llc
Bought by
74 Thru 76 North 4Th St Llc

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
Ruest Property Management Llc $785,000 Cambridge Land Transfer Corp
74 N 4Th Llc $712,500 Attorney
Rmw Properties Llc $480,000 None Available
74 Thru 76 North 4Th St Llc $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruest Property Management Llc $725,500
Previous Owner 74 N 4Th Llc $2,735,000
Previous Owner Rmw Properties Llc $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $785,000 -3.7% $228 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
02/05/2019 02/05/19 Price Changed $815,000 -9.4% $237 / Sq Ft
01/24/2019 01/24/19 For Sale $900,000 -68.0% $261 / Sq Ft
07/17/2015 07/17/15 Sold $2,812,500 0.0% $586 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $2,812,500 +485.9% $586 / Sq Ft
02/28/2013 02/28/13 Sold $480,000 0.0% $100 / Sq Ft
02/28/2013 02/28/13 Sold $480,000 +12.9% $100 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
11/15/2012 11/15/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $425,000 -19.0% $89 / Sq Ft
09/18/2012 09/18/12 For Sale $525,000 -- $109 / 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 $383 $35,500 $12,000 $23,500
2024 $3,683 $35,500 $12,000 $23,500
2023 $3,683 $35,500 $12,000 $23,500
2022 $3,636 $35,500 $12,000 $23,500
2021 $3,626 $35,500 $12,000 $23,500
2020 $3,625 $35,500 $12,000 $23,500
2019 $3,582 $35,500 $12,000 $23,500
2018 $3,531 $35,500 $12,000 $23,500
2017 $3,461 $35,500 $12,000 $23,500
2016 -- $35,500 $12,000 $23,500
2015 -- $35,500 $12,000 $23,500
2014 -- $35,500 $12,000 $23,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 600754

Greater Lehigh Valley REALTORS®

APN: L9NE3D-15-6-0310