917 Mechanic St Bethlehem, PA 18015
Downtown Bethlehem NeighborhoodEstimated Value: $182,000 - $198,000
2
Beds
2
Baths
1,536
Sq Ft
$124/Sq Ft
Est. Value
About This Home
As of January 2024Calling all investors. Established, well-maintained 2-unit property with long-term tenants and excellent payment history. Property is located in the sought-after South Bethlehem (Northamption County) within walking distance to the Casino, outlet shopping and premium restaurants. It is also located close to the South Side development zone with tons of new development and thriving businesses centered around the famous Steel Stack. The property has 2 one-bedroom units. All utility is separated. Tenant pays all utilities except water, sewer and taxes. All units have long term tenants. Main roof installed in 2022.Unit 1 lease is month-to-month. Unit 2's kitchen counter, since faucet, and bathroom faucet was replaced in Q1 of 2023. Bedroom and living rooms are freshly painted. The building has an updated 200Am electrical system with low maintenance electrical heat. Current rent for all units are below market due to rapid rent increase in the area. Cap rate over 10%. Selling as is.
Last Buyer's Agent
Sara Wildman
Long and Foster Real Estate
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,904
Year Built
- Built in 1900
Lot Details
- 1,089 Sq Ft Lot
Parking
- Off-Site Parking
Home Design
- 1,536 Sq Ft Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Utilities
- Window Unit Cooling System
- Heating Available
Listing and Financial Details
- Assessor Parcel Number P6SE2A 13 8A 0204
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $800
- Maintenance Expense $1,000
- Manager Expense $1,632
- Trash Expense $552
- Water Sewer Expense $600
- Operating Expense $500
- Gross Income $19,200
- Net Operating Income $14,116
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 11, 2024
Sold by
Chen Nathan
Bought by
Chen Jun
Total Days on Market
215
Current Estimated Value
Purchase Details
Listed on
Apr 28, 2023
Closed on
Dec 20, 2023
Sold by
Ma Jian and Ma Lan
Bought by
Chen Nathan
Seller's Agent
Christopher Carr
HomeZu
Buyer's Agent
Sara Wildman
Long and Foster Real Estate
List Price
$179,000
Sold Price
$177,000
Premium/Discount to List
-$2,000
-1.12%
Views
31
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Purchase Details
Listed on
Sep 2, 2015
Closed on
Sep 25, 2015
Sold by
Dempsey Michael W and Dempsey Christopher M
Bought by
Ma Jian and Xu Lan
Seller's Agent
Christopher Topping
RE/MAX Real Estate
Buyer's Agent
Sanjay Anderson
Coldwell Banker Heritage R E
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Purchase Details
Closed on
Jul 20, 2007
Sold by
Baunach Hugh
Bought by
Dempsey Michael W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
6.78%
Mortgage Type
New Conventional
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Elizabeth Kofmehl COLDWELL BANKER REALTY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Jun | -- | None Listed On Document | |
| Chen Nathan | $177,000 | None Listed On Document | |
| Ma Jian | $75,000 | None Available | |
| Dempsey Michael W | $92,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dempsey Michael W | $73,600 | |
| Previous Owner | Baunach Hugh | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2024 01/03/24 | Sold | $177,000 | -1.1% | $115 / Sq Ft |
| 11/29/2023 11/29/23 | Pending | -- | -- | -- |
| 10/31/2023 10/31/23 | For Sale | $179,000 | +1.1% | $117 / Sq Ft |
| 05/05/2023 05/05/23 | Off Market | $177,000 | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $179,000 | +138.7% | $117 / Sq Ft |
| 09/25/2015 09/25/15 | Sold | $75,000 | -6.1% | $49 / Sq Ft |
| 09/10/2015 09/10/15 | Pending | -- | -- | -- |
| 09/02/2015 09/02/15 | For Sale | $79,900 | -- | $52 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
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 | $221 | $20,500 | $4,500 | $16,000 |
| 2024 | $1,812 | $20,500 | $4,500 | $16,000 |
| 2023 | $1,909 | $21,600 | $4,500 | $17,100 |
| 2022 | $1,894 | $21,600 | $4,500 | $17,100 |
| 2021 | $1,882 | $21,600 | $4,500 | $17,100 |
| 2020 | $1,864 | $21,600 | $4,500 | $17,100 |
| 2019 | $1,857 | $21,600 | $4,500 | $17,100 |
| 2018 | $1,812 | $21,600 | $4,500 | $17,100 |
| 2017 | $1,791 | $21,600 | $4,500 | $17,100 |
| 2016 | -- | $21,600 | $4,500 | $17,100 |
| 2015 | -- | $21,600 | $4,500 | $17,100 |
| 2014 | -- | $21,600 | $4,500 | $17,100 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Carr
Seller's Agent in 2024
Christopher Carr
HomeZu
(855) 885-4663
6 in this area
2,419 Total Sales
-
S
Buyer's Agent in 2024
Sara Wildman
Long and Foster Real Estate
4 in this area
34 Total Sales
-
Christopher Topping
Seller's Agent in 2015
Christopher Topping
RE/MAX
(610) 703-6927
14 in this area
79 Total Sales
-
Sanjay Anderson
S
Buyer's Agent in 2015
Sanjay Anderson
Coldwell Banker Heritage R E
(610) 250-8880
9 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 716538
APN: P6SE2A-13-8A-0204
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