NOT LISTED FOR SALE

Estimated Value: $602,243

5 Beds
6 Baths
6,685 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $550,000 $82 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,380/month

16 Days on Market

Highlights

  • 0.12 Acre Lot
  • Patio
  • Heating System Uses Gas
  • Balcony
  • 8 Car Garage

About This Home

As of December 2023

This is a one of kind investment opportunity. FULLY LEASED & OCCUPIED 6,685 sq ft of space with a parking lot on Main St in Downtown Bethlehem. The first floor commercial space is leased for $1,600 per month. The 2nd and 3rd floor 5 bd 2.5 ba residential unit features a garage, private rear deck, front covered porch, fireplace and recent updates to flooring leased at $2,600 per month. This is a turn key investment opportunity. The building does have an elevator from the 1st floor to the 2nd and 3rd floor currently tenants are locked out and it is not in use. Gross income per month $4,200 or $50,400 per year.

Last Agent to Sell the Property

Stephanie Salanik

Realty One Group Supreme License #AB068418 Listed on: 08/23/2023

Realty One Group Supreme

Co-Listed By

Afif Salloum

Realty One Group Supreme

Last Buyer's Agent

Rakelmi Montas

Allentown City Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,286

Year Built

  • Built in 1968

Lot Details

  • 5,340 Sq Ft Lot
  • Lot Dimensions are 65x89
  • Property is zoned RT-RESIDENTIAL

Parking

  • 8 Car Garage

Home Design

  • Stone

Interior Spaces

  • 6,685 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number P6NW2B 7 5 0204

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,286

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Detached
  • County Assessment: 116700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Features: Balcony, Patio, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 4
  • Bedrooms: 5
  • Square Footage: 6685

Exterior Features

  • Construction: Stone

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 8

Utilities

  • Cooling: Wall AC, Window ACs
  • Heat Type: Electric, Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 2100
  • Water Sewer: 990

Fee Information

  • Operating Expense: 13406

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.123
  • Lot Dimensions: 65x89
  • Lot Sq Ft: 5340
  • Zoning Code: RT-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P6NW2B 7 5 0204
  • County Taxes: 1260.36
  • Municipal Taxes: 2233.64
  • Total Taxes: 10285.94
  • Taxes: 10315

Multi Family

  • School Taxes: 6791.94
  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Bethlehem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Nov 20, 2023
Sold by
Monocacy General Contracting L
Bought by
Mejia Francisco J and Abrego Maria Marilis
Seller's Agent
Stephanie Salanik
Realty One Group Supreme
Buyer's Agent
Rakelmi Montas
Allentown City Realty
List Price
$559,999
Sold Price
$550,000
Premium/Discount to List
-$9,999
-1.79%
Views
2
Current Estimated Value
$602,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,243
Avg. Annual Appreciation
5.39%
Original Mortgage
$302,500
Outstanding Balance
$297,966
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$304,277

Purchase Details

Closed on
May 17, 2021
Sold by
Cervellini Gloria V
Bought by
Monocacy General Contracting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,810
Interest Rate
2.9%
Mortgage Type
Construction
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
Mejia Francisco J $550,000 First United Land Transfer
Monocacy General Contracting Llc $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mejia Francisco J $302,500
Previous Owner Monocacy General Contracting Llc $342,810
Previous Owner Monocacy General Contracting Llc $38,090
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $550,000 -1.8% $82 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $559,999 -- $84 / 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 $1,260 $116,700 $31,000 $85,700
2024 $10,315 $116,700 $31,000 $85,700
2023 $10,315 $116,700 $31,000 $85,700
2022 $10,235 $116,700 $31,000 $85,700
2021 $10,166 $116,700 $31,000 $85,700
2020 $10,069 $116,700 $31,000 $85,700
2019 $10,035 $116,700 $31,000 $85,700
2018 $9,791 $116,700 $31,000 $85,700
2017 $9,674 $116,700 $31,000 $85,700
2016 -- $116,700 $31,000 $85,700
2015 -- $116,700 $31,000 $85,700
2014 -- $116,700 $31,000 $85,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 722824

Greater Lehigh Valley REALTORS®

APN: P6NW2B-7-5-0204