D
Seller's Agent in 2020
David Sweeney
USRealty.com, LLP
740 E 4th St Bethlehem, PA 18015
Downtown Bethlehem NeighborhoodEstimated Value: $296,617 - $404,000
6
Beds
3.5
Baths
2,652
Sq Ft
$130/Sq Ft
Est. Value
About This Home
As of March 2020Here's a solid investment in the rejuvenating southside of Bethlehem! This is a mixed use building on busy 4th Street near the casino, Lehigh University and in walking distance of Steel Stacks and other southside attractions. This is a four unit building that is fully occupied. Units consist of a storefront and three apartments. The storefront was recently rented under a 3 year lease expiring 12/31/22. Residential tenants are mostly long term. Apartment 2 is a regulated rental unit rented to working adults but can easily be converted to student housing. Apartment 3 is a large one bedroom recently updated. Apartment 4 is also a one bedroom. Building has been well maintained by the owner. Tenants pay all utilities except water and sewer. Heat is gas. Building has a 5 car parking lot in the rear for tenants.
Last Agent to Sell the Property
David Sweeney
USRealty.com, LLP License #RM422060 Listed on: 12/23/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,988
Year Built
- Built in 1900
Lot Details
- 3,780 Sq Ft Lot
Home Design
- Mixed Use
- Brick Exterior Construction
Interior Spaces
- 2,652 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 5 Parking Spaces
- Paved Parking
Utilities
- No Cooling
- Baseboard Heating
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number P6SE2A 20 17 0204
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $2,484
- Insurance Expense $1,588
- Trash Expense $1,200
- Water Sewer Expense $1,100
- Gross Income $50,760
- Net Operating Income $35,582
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 23, 2019
Closed on
Mar 31, 2020
Sold by
Lauray Gregory K
Bought by
740 East 4Th St Llc
Seller's Agent
David Sweeney
USRealty.com, LLP
Buyer's Agent
Nathan Powell
Keller Williams Northampton
List Price
$362,500
Sold Price
$355,000
Premium/Discount to List
-$7,500
-2.07%
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
-$10,846
Avg. Annual Appreciation
-0.53%
Original Mortgage
$266,250
Outstanding Balance
$210,944
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$133,210
Purchase Details
Listed on
Nov 1, 2013
Closed on
Jan 16, 2014
Sold by
Calixto Louis and Calixto Brunilda
Bought by
Lauray Gregory K
Seller's Agent
Celia Lanzotti
Keller Williams Northampton
Buyer's Agent
Rennard Clayton
Coldwell Banker Hearthside
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$176,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 22, 2002
Bought by
Calixto Louis
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 740 East 4Th St Llc | $355,000 | None Available | |
| Lauray Gregory K | $220,000 | None Available | |
| Calixto Louis | $71,300 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 740 East 4Th St Llc | $266,250 | |
| Previous Owner | Lauray Gregory K | $176,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2020 03/31/20 | Sold | $355,000 | -2.1% | $134 / Sq Ft | |
| 02/10/2020 02/10/20 | Pending | -- | -- | -- | |
| 01/14/2020 01/14/20 | For Sale | $362,500 | 0.0% | $137 / Sq Ft | |
| 01/06/2020 01/06/20 | Pending | -- | -- | -- | |
| 12/23/2019 12/23/19 | For Sale | $362,500 | +64.8% | $137 / Sq Ft | |
| 01/16/2014 01/16/14 | Sold | $220,000 | -4.3% | $83 / Sq Ft | View Prior Sale |
| 11/09/2013 11/09/13 | Pending | -- | -- | -- | |
| 11/01/2013 11/01/13 | For Sale | $230,000 | -- | $87 / 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 | $365 | $33,800 | $10,100 | $23,700 |
| 2024 | $2,988 | $33,800 | $10,100 | $23,700 |
| 2023 | $2,988 | $33,800 | $10,100 | $23,700 |
| 2022 | $2,964 | $33,800 | $10,100 | $23,700 |
| 2021 | $2,944 | $33,800 | $10,100 | $23,700 |
| 2020 | $2,916 | $33,800 | $10,100 | $23,700 |
| 2019 | $2,906 | $33,800 | $10,100 | $23,700 |
| 2018 | $2,836 | $33,800 | $10,100 | $23,700 |
| 2017 | $2,802 | $33,800 | $10,100 | $23,700 |
| 2016 | -- | $33,800 | $10,100 | $23,700 |
| 2015 | -- | $33,800 | $10,100 | $23,700 |
| 2014 | -- | $33,800 | $10,100 | $23,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Nathan Powell
Buyer's Agent in 2020
Nathan Powell
Keller Williams Northampton
(610) 657-4678
4 in this area
127 Total Sales
-
Christopher George
Buyer Co-Listing Agent in 2020
Christopher George
Keller Williams Northampton
(610) 428-8986
22 in this area
649 Total Sales
-
C
Seller's Agent in 2014
Celia Lanzotti
Keller Williams Northampton
-
C
Seller Co-Listing Agent in 2014
Carlos Martes
Keller Williams Northampton
-
Rennard Clayton
Buyer's Agent in 2014
Rennard Clayton
Coldwell Banker Hearthside
(610) 737-8416
4 in this area
155 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 630580
APN: P6SE2A-20-17-0204
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Information is deemed reliable but not guaranteed.
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