NOT LISTED FOR SALE

Estimated Value: $143,000 - $166,000

3 Beds
1 Bath
1,010 Sq Ft
$152/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $150,000 $149 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $970/month

9 Days on Market

About This Home

As of March 2024

Turnkey investment opportunity with this income-generating property! Currently tenant-occupied, this 3-bed, 1-bath residence provides immediate passive income. Property has been well maintained by the owner and tenants, which makes the property a perfect addition to your investment portfolio. Schedule your showing today.

Last Listed By

Ronald Bowser

Steel City Realty Listed on: 02/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,369

Year Built

  • Built in 1875

Lot Details

  • 771 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,010 Sq Ft Home
  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549782934146001

Community Details

Overview

  • Old Allentn Historic Subdivision

Building Details

  • Insurance Expense $750
  • Water Sewer Expense $40
  • Operating Expense $2,120
  • Gross Income $16,800
  • Net Operating Income $14,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,369

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Duplex/Both Halves
  • County Assessment: 42500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1875
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 1010

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Window ACs
  • Heat Type: Forced Air, Gas
  • Sewer: Public
  • Water: Public
  • Insurance: 750
  • Water Sewer: 40

Fee Information

  • Operating Expense: 2120

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.018
  • Lot Sq Ft: 771
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549782934146001

Multi Family

  • 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 8, 2024
Closed on
Mar 25, 2024
Sold by
Park Daniel K
Bought by
Salas Ricardo
Seller's Agent
Ronald Bowser
Steel City Realty
Buyer's Agent
Austin Brown
Realty One Group Supreme
List Price
$140,000
Sold Price
$150,000
Premium/Discount to List
$10,000
7.14%
Total Days on Market
9
Views
47
Current Estimated Value
$153,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,210
Avg. Annual Appreciation
2.00%
Original Mortgage
$120,000
Outstanding Balance
$118,726
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$34,484

Purchase Details

Listed on
Feb 4, 2021
Closed on
Mar 26, 2021
Sold by
Dunbar Spurgeon S
Bought by
Park Daniel K
Seller's Agent
Jennifer DeJesus
Steel City Realty
Buyer's Agent
Jennifer DeJesus
Steel City Realty
List Price
$80,000
Sold Price
$90,000
Premium/Discount to List
$10,000
12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.50%
Original Mortgage
$72,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 1989
Sold by
Loch Florence E
Bought by
Dunbar Spurgeon S

Purchase Details

Closed on
Sep 27, 1983
Sold by
Dunbar Spurgeon D
Bought by
Loch Florence E

Range of Values:

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ICE

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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
Salas Ricardo $150,000 None Listed On Document
Park Daniel K $90,000 Steel Abstract
Dunbar Spurgeon S $21,500 --
Loch Florence E $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salas Ricardo $120,000
Previous Owner Park Daniel K $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $150,000 +7.1% $149 / Sq Ft
02/17/2024 02/17/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $140,000 0.0% $139 / Sq Ft
09/01/2023 09/01/23 Rented $1,400 0.0% --
08/22/2023 08/22/23 Under Contract -- -- --
08/22/2023 08/22/23 Price Changed $1,400 -6.4% $1 / Sq Ft
05/19/2023 05/19/23 For Rent $1,495 0.0% --
03/26/2021 03/26/21 Sold $90,000 +12.5% $89 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $80,000 -- $79 / 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 $1,369 $42,500 $3,000 $39,500
2024 $1,369 $42,500 $3,000 $39,500
2023 $1,369 $42,500 $3,000 $39,500
2022 $1,321 $42,500 $39,500 $3,000
2021 $1,294 $42,500 $3,000 $39,500
2020 $1,260 $42,500 $3,000 $39,500
2019 $1,240 $42,500 $3,000 $39,500
2018 $1,159 $42,500 $3,000 $39,500
2017 $1,129 $42,500 $3,000 $39,500
2016 -- $42,500 $3,000 $39,500
2015 -- $42,500 $3,000 $39,500
2014 -- $42,500 $3,000 $39,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 732736

Greater Lehigh Valley REALTORS®

APN: 549782934146-1