NOT LISTED FOR SALE

Estimated Value: $1,177,143

-- Bed
8 Baths
4,165 Sq Ft
$283/Sq Ft Est. Value

Last Sold October 10, 2017

Last sale price $694,000 $167 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,534/month

49 Days on Market

Highlights

  • 0.53 Acre Lot
  • Central Air
  • Heating Available
  • Commercial or Retail Space

About This Home

As of October 2017

A great return for your investment. 4,165 Sq Ft, 2 Story Office Building located in the West-End Allentown-very conven to major arteries, the Lehigh Valley Hosp., other businesses and amenities. This free-standing multi-unit office building is fully occupied with 6 tenants on the first floor and 3 tenants on the lower level. Several tenants have been there for long-term. This property is very well maintained on a 22,952 SF lot, zoned RL-Low Density Residential (approved for a Medical Clinic), has on-site parking for approximately 26 cars and a handicapped ramp. The 1st flr is divided into two sections. The largest of the sections contains a glass vestibule, a waiting rm, reception area, a lab area, ADA BA, 4 exam rms, & an office. The remainder of the 1st flr of the new & the old bldg contains 5 offices, 1 waiting rms, admin office & 2 BAs (1 of which is ADA). The lower level consists of 3 offices, break rm, ½ BA, a utility rm, and skylights. Contact listing agent for more info.

Last Agent to Sell the Property

Bob Wiley

BHHS Fox & Roach - Allentown Listed on: 08/21/2017

BHHS Fox & Roach - Allentown

Co-Listed By

Lewis Behringer

BHHS Fox & Roach - Commercial

Last Buyer's Agent

Aubrey Hendricks

House & Land Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,695

Year Built

  • Built in 1970

Lot Details

  • 0.53 Acre Lot

Home Design

  • 4,165 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction

Parking

  • 26 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 548659335703 001

Community Details

Overview

  • 9 Units
  • West Gate Subdivision

Building Details

  • Insurance Expense $1,702
  • Maintenance Expense $9,313
  • Operating Expense $38,562
  • Gross Income $77,800
  • Net Operating Income $39,238

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,695

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 9694.62
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1970
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Square Footage: 4165

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 26

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 1702

Condo/Co-op/Association

  • Maintenance Repair: 9313

Fee Information

  • Operating Expense: 38562

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.527
  • Lot Sq Ft: 22952
  • Zoning Code: R-L

Tax Info

  • Assessor Parcel Number: 548659335703 001
  • County Taxes: 1233.60
  • Municipal Taxes: 2014.38
  • Total Taxes: 9694.62

Multi Family

  • School Taxes: 6447.64
  • Total Units: 9
  • Total Unit Count: 9

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2017
Closed on
Oct 10, 2017
Sold by
Lehrich Henry E and Lehrich Susan C
Bought by
Bui Thomas and Ngo Ha T
Seller's Agent
Bob Wiley
BHHS Fox & Roach - Allentown
Buyer's Agent
Aubrey Hendricks
House & Land Real Estate
List Price
$694,000
Sold Price
$694,000
Total Days on Market
49
Current Estimated Value
$1,177,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,143
Avg. Annual Appreciation
7.12%

Purchase Details

Closed on
Jul 2, 1991
Sold by
Ln Realty Corp
Bought by
Lehrich Henry E and Lehrich Susan C
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
Bui Thomas $694,000 Cres Title Ins Agency
Lehrich Henry E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lehrich Henry E $92,000
Previous Owner Lehrich Henry E $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2017 10/10/17 Sold $694,000 0.0% $167 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $694,000 -- $167 / 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 $11,494 $338,900 $54,000 $284,900
2024 $11,494 $338,900 $54,000 $284,900
2023 $11,494 $338,900 $54,000 $284,900
2022 $11,108 $338,900 $284,900 $54,000
2021 $10,896 $338,900 $54,000 $284,900
2020 $10,624 $338,900 $54,000 $284,900
2019 $10,459 $338,900 $54,000 $284,900
2018 $9,695 $338,900 $54,000 $284,900
2017 $9,459 $338,900 $54,000 $284,900
2016 -- $338,900 $54,000 $284,900
2015 -- $338,900 $54,000 $284,900
2014 -- $338,900 $54,000 $284,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 555485

Greater Lehigh Valley REALTORS®

APN: 548659335703-1