NOT LISTED FOR SALE

740 E 4th St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood

Estimated Value: $326,029 - $505,000

6 Beds
3.5 Baths
2,652 Sq Ft
$149/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $355,000 $134 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,122/month

49 Days on Market

About This Home

As of March 2020

Here'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

Last Buyer's Agent

Nathan Powell

Keller Williams Northampton License #RS348241

Keller Williams Northampton

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,988

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Mixed Use
  • County Assessment: 33800.00
  • Stories: 4.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 6
  • Square Footage: 2652

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 5

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 2484
  • Insurance: 1588
  • Trash Removal: 1200
  • Water Sewer: 1100

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.087
  • Lot Sq Ft: 3780
  • Zoning Code: CG-GENERAL COMMERCIAL

Tax Info

  • Assessor Parcel Number: P6SE2A 20 17 0204
  • County Taxes: 365.04
  • Municipal Taxes: 646.93
  • Total Taxes: 2987.58

Multi Family

  • School Taxes: 1975.61
  • Total Units: 4
  • Total Unit Count: 4

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
$396,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,007
Avg. Annual Appreciation
2.09%
Original Mortgage
$266,250
Outstanding Balance
$211,874
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,643

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
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
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 $195,000
Previous Owner Lauray Gregory K $176,000
Previous Owner Calixto Brunilda $121,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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 $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

  • David Sweeney

    Seller's Agent in 2020

    David Sweeney

    USRealty.com, LLP

    (888) 876-3372

    257 Total Sales

    David Sweeney
    Section Image

  • N

    Buyer's Agent in 2020

    Nathan Powell

    Keller Williams Northampton

    Section Image
  • Christopher George

    Buyer Co-Listing Agent in 2020

    Christopher George

    Keller Williams Northampton

    (610) 428-8986

    26 in this area

    675 Total Sales

    Christopher George
    Section Image

  • C

    Seller's Agent in 2014

    Celia Lanzotti

    Keller Williams Northampton

    (610) 417-6683

    1 in this area

    8 Total Sales

    Celia Lanzotti
    Section Image

  • 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

    153 Total Sales

    Rennard Clayton
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 630580

Greater Lehigh Valley REALTORS®

APN: P6SE2A-20-17-0204

Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

740 E 4th St, Bethlehem, PA

This home is located at 740 E 4th St, Bethlehem, PA 18015 since 23 December 2019 and is currently estimated at $396,007, approximately $149 per square foot. This property was built in 1900. 740 E 4th St is a home located in Northampton County with nearby schools including Donegan Elementary School, Broughal Middle School, and Freedom 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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