NOT LISTED FOR SALE

Estimated Value: $1,155,000 - $1,500,575

Studio
8 Baths
5,519 Sq Ft
$232/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $700,000 $127 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,673/month

2 Days on Market

Highlights

  • 0.16 Acre Lot
  • No HOA
  • Heat Pump System
  • Colonial Architecture
  • Central Air

About This Home

As of November 2020

Turnkey, Lehigh University student housing portfolio! This property consists of 2 full occupied units and 10 beds in total. Built-in 2008, with 3383 sq ft total living space. Appliances included and each unit has its own laundry room with washer/dryer. Off-street parking available. This side by side unit is made up of a living room, kitchen with deck, half bath, (1st) bedroom. The second floor consists of a full bath, (2nd) Master bedroom with en-suite bath and WIC, (3rd) bedroom, and (4th) bedroom. The basement consists of a laundry room, full bath, several closets for storage, and (5th) bedroom Tenants pay all utilities! Spectacular views and minutes to Lehigh University!

Last Agent to Sell the Property

Don Wenner

(800) 350-8061 leads@dlprealty.com Real of Pennsylvania License #RS300485 Listed on: 09/21/2020

Real of Pennsylvania

Last Buyer's Agent

Don Wenner

(800) 350-8061 leads@dlprealty.com Real of Pennsylvania License #RS300485 Listed on: 09/21/2020

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,585

Year Built

  • Built in 2008

Lot Details

  • 6,837 Sq Ft Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • 5 Off-Street Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number P6SE1C-13-11-0204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,585

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 5519
  • Living Area Sq Ft: 5519
  • Price Per Sq Ft: 168.50
  • Above Grade Finished Sq Ft: 4451
  • Below Grade Finished Sq Ft: 1068
  • Total Below Grade Sq Ft: 1068
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 87200.00
  • Land Assessed Value: 12400.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6837.00
  • Zoning: RM

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4409992
  • School Tax: 5595.00
  • Tax Annual Amount: 8585.00
  • Assessor Parcel Number: P6SE1C-13-11-0204
  • Tax Lot: 11
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: BETHLEHEM AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2024
Sold by
Carlton Street Realty Llc
Bought by
A3 Lehigh 2 Llc
Current Estimated Value
$1,271,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,794,000
Outstanding Balance
$14,584,180
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
-$13,306,322

Purchase Details

Listed on
Sep 21, 2020
Closed on
Nov 6, 2020
Sold by
Shive Steven E and Shive Sanchez Paula
Bought by
Carlton Street Realty Llc
Seller's Agent
Don Wenner
Real of Pennsylvania
Buyer's Agent
Don Wenner
Real of Pennsylvania
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%
Original Mortgage
$560,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2008
Sold by
Adams Street Ltd
Bought by
Shive Steven E and Shive Sanchez Paula D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2007
Sold by
Ruggiero Patrick J
Bought by
Adams Street Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
A3 Lehigh 2 Llc $1,400,000 Fidelity National Title
A3 Lehigh 2 Llc $1,400,000 Fidelity National Title
A3 Lehigh 2 Llc $1,400,000 Fidelity National Title
Carlton Street Realty Llc $700,000 Abe Abstract Inc
Shive Steven E $435,000 None Available
Adams Street Ltd $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A3 Lehigh 2 Llc $14,794,000
Closed A3 Lehigh 2 Llc $14,794,000
Previous Owner Carlton Street Realty Llc $560,000
Previous Owner Shive Steven E $280,000
Previous Owner Adams Street Ltd $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $700,000 -6.7% $127 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $750,000 -- $136 / Sq Ft
Source: Bright MLS

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 $1,076 $99,600 $12,400 $87,200
2024 $8,804 $99,600 $12,400 $87,200
2023 $8,804 $99,600 $12,400 $87,200
2022 $8,735 $99,600 $12,400 $87,200
2021 $8,676 $99,600 $12,400 $87,200
2020 $8,593 $99,600 $12,400 $87,200
2019 $8,565 $99,600 $12,400 $87,200
2018 $8,356 $99,600 $12,400 $87,200
2017 $8,257 $99,600 $12,400 $87,200
2016 -- $99,600 $12,400 $87,200
2015 -- $99,600 $12,400 $87,200
2014 -- $99,600 $12,400 $87,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PANH107020

Bright MLS

APN: P6SE1C-13-11-0204