$105,000
SOLD JUN 26, 2019

284 Delaware Ave Palmerton, PA 18071

-- Bed
-- Bath
3,840 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

12% Below List Price

26 Days on Market

Highlights

  • Brick or Stone Mason
  • Baseboard Heating
  • 2-minute walk to Palmerton Park
  • Ceiling Fan
  • Laundry Facilities

About This Home

As of January 2020

Fantastic opportunity to own this unique triangular shaped building which offers impressive curb appeal at great corner location of downtown Palmerton! Plenty of on street parking available. Property contains 3 stories, 1st floor commercial store front, 2nd and 3rd floors each contain a 2 bedroom 1 bath apartment. Full unfinished basement. Property is being offered in as is condition at only $119,000.

Last Agent to Sell the Property

Lisa Lapos

Priority One Real Estate Team, LLC License #RM423442 Listed on: 05/20/2019

Last Buyer's Agent

Dale Kessler

REOcomplete R.E., Inc. License #RS284385

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 1,307 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason

Interior Spaces

  • 3,840 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Basement

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 42A-48-K19

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Directions: SR 248, exit at Palmerton exit onto Delaware Avenue, property down on right.
  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • Building Stories: 3
  • Year Built: 1917
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.03
  • Co List Office Phone: 570-645-0348
  • MLS Status: Closed
  • Location Tax and Legal Parcel Number2: 42A-48-K19
  • Location Tax and Legal School Tax Amount2: 2645.92
  • Location Tax and Legal Tax Annual Amount2: 3672.05
  • Location Tax and Legal Zoning Description2: Commercial
  • General Property Information Stories2: 3
  • General Property Information Lot Size Acres: 0.03
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • General Property Information Basement YN: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Water Source:Public: Yes
  • Sewer:Public Sewer: Yes
  • Cooling None4: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Laundry Features Common Area2: Yes
  • Special Listing Conditions In Foreclosure: Yes
  • Special Features: 1028
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater
  • Basement YN: Yes

Exterior Features

  • Roof: Flat
  • Construction Type: Brick
  • Construction Materials:Brick: Yes
  • ConstructionSiding:Roof Flat: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), None
  • Heating: Baseboard, Electric
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Heating:Baseboard: Yes

Lot Info

  • Lot Size Sq Ft: 1306.8
  • ResoLotSizeUnits: Acres
  • Parcel Number: 42A-48-K19
  • Zoning Description: Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3672.05
  • Tax Book Number: 1330/348 old

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2019
Closed on
Jan 30, 2020
Sold by
R I Investments Group Llc
Bought by
Wenz Properties Llc
Seller's Agent
Rani Issa
Realty 365
Buyer's Agent
Gladys Wiles
Dream Homes PA Realty Co
List Price
$249,900
Sold Price
$232,500
Premium/Discount to List
-$17,400
-6.96%
Current Estimated Value
$339,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,344
Avg. Annual Appreciation
7.17%
Original Mortgage
$186,000
Outstanding Balance
$149,718
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$190,126

Purchase Details

Listed on
May 20, 2019
Closed on
Jun 21, 2019
Sold by
Bayview Loan Servicing Llc
Bought by
R I Investments Group Llc
Seller's Agent
Lisa Lapos
Priority One Real Estate Team, LLC
Buyer's Agent
Dale Kessler
REOcomplete R.E., Inc.
List Price
$119,000
Sold Price
$105,000
Premium/Discount to List
-$14,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
276.17%

Purchase Details

Listed on
May 20, 2019
Closed on
May 16, 2019
Sold by
Labbadia Josette
Bought by
Bayview Loan Servicing Llc
Seller's Agent
Lisa Lapos
Priority One Real Estate Team, LLC
Buyer's Agent
Dale Kessler
REOcomplete R.E., Inc.
List Price
$119,000
Sold Price
$105,000
Premium/Discount to List
-$14,000
-11.76%

Purchase Details

Closed on
May 12, 2005
Sold by
Frank Patrick M and Frank Dominique
Bought by
Labbadia Rocco and Labbadia Josette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $232,500 None Available
Special Warranty Deed $105,000 None Available
Sheriffs Deed $945 None Available
Deed $130,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $186,000 Purchase Money Mortgage
Previous Owner $97,500 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2020 01/30/20 Sold $232,500 -7.0% $61 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
12/04/2019 12/04/19 For Sale $249,900 +138.0% $65 / Sq Ft
06/26/2019 06/26/19 Sold $105,000 -11.8% $27 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $119,000 -- $31 / Sq Ft
Source: Pocono Mountains Association of 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 $4,631 $46,600 $13,300 $33,300
2024 $4,273 $46,600 $13,300 $33,300
2023 $4,144 $46,600 $13,300 $33,300
2022 $4,015 $46,600 $13,300 $33,300
2021 $3,858 $46,600 $13,300 $33,300
2020 $3,765 $46,600 $13,300 $33,300
2019 $3,672 $46,600 $13,300 $33,300
2018 $3,672 $46,600 $13,300 $33,300
2017 $3,614 $46,600 $13,300 $33,300
2016 -- $46,600 $13,300 $33,300
2015 -- $46,600 $13,300 $33,300
2014 -- $46,600 $13,300 $33,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-68118

Pocono Mountains Association of REALTORS®

APN: 42A-48-K19