NOT LISTED FOR SALE

Estimated Value: $561,973

3 Beds
3 Baths
3,784 Sq Ft
$149/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $425,000 $112 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,499/month

47 Days on Market

About This Home

As of March 2023

Mixed use property with 3 residential units and 1 commercial laundromat. All fully occupied with security deposits. Laundromat pays all of its own utilities. Tenants pay for their own electric and water. Landlord pays for trash and snow removal.

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty Listed on: 01/04/2023

Co-Listed By

Keith Takacs

Ignite Realty Group

Last Buyer's Agent

Jennifer Aviles

Century 21 Ramos Realty License #RS313328

Century 21 Ramos Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,223

Year Built

  • Built in 1900

Lot Details

  • 1,612 Sq Ft Lot

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 3,784 Sq Ft Home
  • 3-Story Property

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549784910876001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,444
  • Insurance Expense $408
  • Other Expense $169
  • Trash Expense $1,080
  • Water Sewer Expense $1,277
  • Operating Expense $11,718
  • Gross Income $49,452
  • Net Operating Income $37,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,223

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: 197100.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Square Footage: 3784

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 1444
  • Gas: 1502
  • Insurance: 408
  • Trash Removal: 1080
  • Water Sewer: 1277

Condo/Co-op/Association

  • Lawn Snow Removal: 915

Fee Information

  • Operating Expense: 11718

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.037
  • Lot Sq Ft: 1612
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Rental Info

  • Other Expenses: 169

Tax Info

  • Assessor Parcel Number: 549784910876001
  • County Taxes: 745.00
  • Municipal Taxes: 1015.00
  • Total Taxes: 6223.00

Multi Family

  • School Taxes: 4463.00
  • Total Units: 4
  • Total Unit Count: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Mar 16, 2023
Sold by
Olive Alley Properties Llc
Bought by
Okshe Ernesta and Okshe Sejfulla
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Jennifer Aviles
Century 21 Ramos Realty
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
$561,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,973
Avg. Annual Appreciation
9.53%
Original Mortgage
$297,500
Outstanding Balance
$289,122
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$244,430

Purchase Details

Listed on
Oct 22, 2020
Closed on
Jan 8, 2021
Sold by
Klingener Michael J and Klingener Josephine M
Bought by
Olive Alley Properties Llc
Seller's Agent
Joyce Klingener
HowardHanna TheFrederickGroup
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$399,900
Sold Price
$390,000
Premium/Discount to List
-$9,900
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$292,500
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 14, 2005
Sold by
Russoli Gregory R
Bought by
Klingener Michael J and Klingener Josephine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1988
Sold by
Turko Jr Michael S and Turko Eleanor M
Bought by
Russoli Gregory R

Purchase Details

Closed on
May 8, 1986
Sold by
Wuench Thomas G
Bought by
Turko Michael S and Turko Eleanor M

Purchase Details

Closed on
Nov 8, 1978
Bought by
Wuench Thomas G
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
Okshe Ernesta $425,000 --
Olive Alley Properties Llc $390,000 Steel Abstract
Klingener Michael J $199,000 None Available
Russoli Gregory R $93,000 --
Turko Michael S $85,000 --
Wuench Thomas G $35,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okshe Ernesta $297,500
Previous Owner Olive Alley Properties Llc $292,500
Previous Owner Klingener Michael J $149,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $425,000 -5.6% $112 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $450,000 +15.4% $119 / Sq Ft
01/08/2021 01/08/21 Sold $390,000 -2.5% $103 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $399,900 -- $106 / 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 $6,223 $197,100 $7,200 $189,900
2024 $6,223 $197,100 $7,200 $189,900
2023 $6,223 $197,100 $7,200 $189,900
2022 $5,998 $197,100 $189,900 $7,200
2021 $5,875 $197,100 $7,200 $189,900
2020 $5,717 $197,100 $7,200 $189,900
2019 $5,621 $197,100 $7,200 $189,900
2018 $5,272 $197,100 $7,200 $189,900
2017 $5,135 $197,100 $7,200 $189,900
2016 -- $197,100 $7,200 $189,900
2015 -- $197,100 $7,200 $189,900
2014 -- $197,100 $7,200 $189,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 708155

Greater Lehigh Valley REALTORS®

APN: 549784910876-1