NOT LISTED FOR SALE

950 Delaware Ave Palmerton, PA 18071

Estimated Value: $494,798

4 Beds
3.5 Baths
4,860 Sq Ft
$102/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2024

Last sale price $450,000 $93 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,023 / mo

384 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Hot Water Heating System

About This Home

As of January 2024

TURNKEY OPERATION close to Blue Mountain Resort! This well-run tavern is a money maker! 2 Pool tables, darts, jukebox, pinball, & skill machines add to the income of a nice bar menu and beverage selection. Price includes liquor "R" license, inventory (excluding alcohol), Kitchen & bar equipment/accessories. Total seating capacity is approximately 60. $2,600/mo additional income from 3 residential units. 18-20 parking spaces recently repaved. Brand new metal roof installed 2021. Owner financing available!

Last Agent to Sell the Property

Jim Christman

Keller Williams Real Estate Listed on: 07/20/2022

Keller Williams Real Estate

Last Buyer's Agent

Chip Schmoyer

Iron Valley Real Estate Legacy License #RS286345

Iron Valley Real Estate Legacy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 1900

Lot Details

  • 16,988 Sq Ft Lot
  • Property is zoned Commercial

Home Design

  • Frame Construction
  • Vinyl Construction Material

Interior Spaces

  • 4,860 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 18 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Cesspool

Listing and Financial Details

  • Assessor Parcel Number 29A-33-92

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,125

Year Built

Built in 1900

Lot Details

0.39 Acres

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Detached
  • Technology: Smk Detector Battery
  • County Assessment: 55750.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Hardwood
  • Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bedrooms: 4
  • Square Footage: 4860

Exterior Features

  • Construction: Frame, Vinyl

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 18

Utilities

  • Cooling: Ceiling Fans, Wall AC
  • Heat Type: Hot Water, Oil, Radiator
  • Sewer: Cesspool
  • Water: Public
  • Electric: 8400
  • Heat: 12000
  • Insurance: 4700
  • Trash Removal: 3000
  • Water Sewer: 1900

Condo/Co-op/Association

  • Maintenance Repair: 2400

Fee Information

  • Operating Expense: 167457

Lot Info

  • Acres: 0.390
  • Lot Sq Ft: 16988
  • Zoning Code: Commercial

Rental Info

  • Other Expenses: 132932

Tax Info

  • Assessor Parcel Number: 29A-33-92
  • County Taxes: 682.94
  • Municipal Taxes: 89.20
  • Total Taxes: 4125.40

Multi Family

  • School Taxes: 3353.26
  • Total Units: 5
  • Total Unit Count: 5

MLS Schools

  • School District: Palmerton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Feb 2, 2024
Sold by
Lawshe Timothy K
Bought by
Cep Realty Llc
Seller's Agent
Jim Christman
Keller Williams Real Estate
Buyer's Agent
Chip Schmoyer
Iron Valley Real Estate Legacy
List Price
$625,000
Sold Price
$450,000
Premium/Discount to List
-$175,000
-28%
Views
7
Current Estimated Value
$494,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,798
Avg. Annual Appreciation
4.37%
Original Mortgage
$300,000
Outstanding Balance
$294,698
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Estimated Equity
$200,100

Purchase Details

Closed on
Aug 21, 2019
Sold by
Williams Cassie and Rausch Hahn Debra M
Bought by
Lawshe Timothy K

Purchase Details

Closed on
May 10, 2007
Sold by
Schwab William G and Rausch Heinz W
Bought by
Rausch Debra M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cep Realty Llc $450,000 Premier Abstract
Lawshe Timothy K $230,000 Carbon Search & Setmnt Svcs
Rausch Debra M $27,800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cep Realty Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $450,000 -21.7% $93 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
11/16/2022 11/16/22 Price Changed $575,000 -8.0% $118 / Sq Ft
07/20/2022 07/20/22 For Sale $625,000 -- $129 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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 $4,795 $55,750 $8,250 $47,500
2024 $4,483 $55,750 $8,250 $47,500
2023 $4,330 $55,750 $8,250 $47,500
2022 $4,125 $55,750 $8,250 $47,500
2021 $3,993 $55,750 $8,250 $47,500
2020 $3,938 $55,750 $8,250 $47,500
2019 $3,826 $55,750 $8,250 $47,500
2018 $3,826 $55,750 $8,250 $47,500
2017 $3,756 $55,750 $8,250 $47,500
2016 -- $55,750 $8,250 $47,500
2015 -- $55,750 $8,250 $47,500
2014 -- $55,750 $8,250 $47,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 696797

Greater Lehigh Valley REALTORS®

APN: 29A-33-92

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