NOT LISTED FOR SALE

Estimated Value: $188,000 - $196,000

5 Beds
2 Baths
1,742 Sq Ft
$110/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $180,000 $103 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,304/month

8 Days on Market

About This Home

As of April 2024

Attention investors! Here's an incredible opportunity to add to your portfolio in Allentown. This 5 bedroom 2 bath investment property w/ a 1 car detached garage is currently rented until 3/31/24, bringing in $1593 per month in rental income. With tenants responsible for all utilities and expenses totaling $3,380, the property nets an impressive $15,736 annually. Priced competitively at $180,000, this investment offers a consistent return with guaranteed income from section 8. Tenants lease is set to renew 4/1/25 at an increase in rent. Take advantage of this chance to secure a reliable income stream with minimal hassle in a prime location.

Last Listed By

Jennifer de Jesus

Steel City Realty Listed on: 02/23/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1908

Lot Details

  • 1,681 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,742 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Community Details

  • Insurance Expense $621
  • Operating Expense $3,380
  • Gross Income $19,116
  • Net Operating Income $15,736

Listing and Financial Details

  • Assessor Parcel Number 549783344446001

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,760

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row/Townhouse
  • County Assessment: 85800.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1908
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Square Footage: 1742

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 1

Utilities

  • Cooling: No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 621

Fee Information

  • Operating Expense: 3380

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.039
  • Lot Sq Ft: 1681
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549783344446001
  • County Taxes: 324.32
  • Municipal Taxes: 492.74
  • Total Taxes: 2759.85

Multi Family

  • School Taxes: 1942.79
  • Total Units: 1
  • Total Unit Count: 1

MLS Schools

  • School District: Allentown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 1, 2024
Sold by
Royal Realty Llc
Bought by
Ortiz Maria Siguencia
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Marina Estevez
Allentown City Realty
List Price
$180,000
Sold Price
$180,000
Total Days on Market
8
Views
20
Current Estimated Value
$191,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,953
Avg. Annual Appreciation
5.91%
Original Mortgage
$144,000
Outstanding Balance
$142,520
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$49,433

Purchase Details

Listed on
Jan 11, 2021
Closed on
Feb 15, 2021
Sold by
Lao Abanilla Belen
Bought by
Royal Realty Llc
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.34%
Original Mortgage
$92,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2007
Sold by
Schadler George H
Bought by
Mba And Associates Inc

Purchase Details

Closed on
Jun 29, 1988
Bought by
Schadler Ii George H and Schadler Schleife K

Range of Values:

Collateral Analytics

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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
Ortiz Maria Siguencia $180,000 Steel Abstract
Royal Realty Llc $115,000 Steel Abstract
Mba And Associates Inc $65,000 --
Schadler Ii George H $59,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Maria Siguencia $144,000
Previous Owner Royal Realty Llc $92,000
Previous Owner Lao Abanilla Belen L $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $180,000 0.0% $103 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $180,000 +56.5% $103 / Sq Ft
02/22/2021 02/22/21 Sold $115,000 0.0% $66 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $115,000 -- $66 / 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 $2,760 $85,800 $5,800 $80,000
2024 $2,760 $85,800 $5,800 $80,000
2023 $2,760 $85,800 $5,800 $80,000
2022 $2,662 $85,800 $80,000 $5,800
2021 $2,608 $85,800 $5,800 $80,000
2020 $2,539 $85,800 $5,800 $80,000
2019 $2,498 $85,800 $5,800 $80,000
2018 $2,335 $85,800 $5,800 $80,000
2017 $2,276 $85,800 $5,800 $80,000
2016 -- $85,800 $5,800 $80,000
2015 -- $85,800 $5,800 $80,000
2014 -- $85,800 $5,800 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 733400

Greater Lehigh Valley REALTORS®

APN: 549783344446-1