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1503 Main Street

1503 Main Street, Northampton, PA 18067
2 Units For Sale
Unit for sale at 1503 Main Street, Northampton, PA 18067

$2,479,000

  • Studio
  • 19,479 ft²
1503 Main Street, Northampton, PA 18067 Listing by Jason R. Kocsis

Unit for sale at 1503 Main Street, Northampton Borough, PA 18067

$2,479,000

  • Studio
  • 19,479 ft²
1503 Main Street, Northampton Borough, PA 18067 Listing by Jason Kocsis

Local assessors in Northampton, PA have categorized 1503 Main Street as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 22,400 square feet. If we look only at the heated or air conditioned part of the building, then 1503 Main Street has a total of 19,479 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1503 Main Street sold most recently in Feb 15, 2024 for a total of $2,300,000. If you work out the math, that's approximately a cost of $118.08 per sqft. Before that, the property was also sold for $264,000 in Sep 22, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $24,963 in taxes each year. 1503 Main Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $312,000. If we break it down further, the land itself was valued at $42,700. Improvements to the property, however, were assessed at a total of $269,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Living Units: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,400
  • Total Building Area: 19,479
  • Gross Building Area: 19,479
  • Building Area: 19,479
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 19,479
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.514
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : WWCG 1503 MAIN LLC
  • Current Owner 2: VCJ REAL ESTATE HOLDINGS LLC
  • Previous Owner : SCHOOL HOUSE APARTMENTS ON MAIN LLC
  • Owner Before Previous Owner: MACGREGOR BRUCE
  • Owner Before Previous Owner 2: SETTON JOSEPH
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Northampton Area School District
  • School Tax School District: NORTHAMPTON SCH
  • Census Tract: 016201

Zoning

  • Zoning: R3

Geography

  • District: 22
  • Parcel: L4SW4C 16 16 0522
  • Municipality: NORTHAMPTON BOROUGH
  • Latitude: 40.684
  • Longitude: -75.4943

    Address

  • Full Address: 1503 Main St
  • Address - House Number: 1503
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: PA
  • City Name: Northampton
  • Carrier Code: C003
  • 4-Digit Zip Code: 1606
  • Zip Code: 18067

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $24,963
  • Tax Rate Code Area: NORTHAMPTO

    Appraisal Valuation

  • Standard Deviation: 0.1665
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 66
  • Final Value: 1,593,588
  • High Value: 1,858,980
  • Low Value: 1,328,195

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,373,000
  • First Open Lien Mortgage Lender: GREYSTONE SERVICING CO LLC
  • First Open Lien Mortgage Recording Date: Feb 15, 2024
  • First Open Lien Mortgage Loan Amount: $1,373,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2034

    Market Valuation

  • Market Total Value: $624,000
  • Market Land Value: $85,400
  • Market Improvement Value: $538,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $312,000
  • Assessed Land Value: $42,700
  • Assessed Improvements Value: $269,300

    Sales

  • Current Sale Contract Date: Feb 15, 2024
  • Current Sale Recording Date: Feb 15, 2024
  • Current Sale Transaction ID: 11921124586
  • Current Sale Price: $2,300,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 3214
  • Previous Sale Recording Date: Oct 03, 2017
  • Previous Sale Contract Date: Sep 22, 2017
  • Previous Sale Amount: $264,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREYSTONE SERVICING CO LLC
  • First Mortgage Transaction Date: Feb 15, 2024
  • First Mortgage Loan Amount: $1,373,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Mar 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: ESSA BANK & TRUST
  • Previous Mortgage Transaction Date: Oct 03, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,352,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Northampton Historic District



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Frequently Asked Questions

What neighborhood is 1503 Main Street located in?
The 1503 Main Street is a located in the neighborhood of Northampton Historic District in Northampton Historic District, Northampton.
How many listings are currently for sale in 1503 Main Street?
1503 Main Street has a total of zero units in the building. There are two units for sale right now.
What is the average sales price for listings in 1503 Main Street?
The average sales price for units in 1503 Main Street is $2,479,000 , or $127/sqft. currently.

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