1027 Main St Scranton, PA 18519
10
Beds
5
Baths
6,000
Sq Ft
8,276
Sq Ft Lot
About This Home
As of January 2025**ATTENTION INVESTORS!** A 6-unit building with parking is now available! The current cap rate exceeds 9 percent, and you can add more units to increase income by finishing the first-floor unit and converting the walk-out basement into retail or residential space. Building supplies for the unfinished first-floor unit are included with the property. Electric and gas utilities are separate, while the landlord pays water and sewer. The P&L statements are available in the documents. BEING SOLD AS-IS. INSPECTIONS FOR BUYERS KNOWLEDGE ONLY.Showings will be held on Tuesdays and Thursdays from 3:00 PM to 5:30 PM, with a SHOWINGTIME REQUEST * REQUIRED* as well as Saturdays and Sundays from 11:00 AM to 1:00 PM, with a SHOWINGTIME REQUEST * REQUIRED* . Please schedule ALL showings through ShowingTime. If you need a different day or time, we will try to accommodate your request; just schedule through ShowingTime with advance notice for coordination.All information and measurements are approximate and are not warranted or guaranteed.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,481
Year Built
- Built in 1933
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 50x165x50x161
- Paved or Partially Paved Lot
Home Design
- Converted Dwelling
- Block Foundation
- Poured Concrete
- Vinyl Siding
- Stucco
Interior Spaces
- 6,000 Sq Ft Home
- 2-Story Property
- Storage
- Laundry in unit
- Walk-Out Basement
- No Kitchen Appliances
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Utilities
- No Cooling
- 200+ Amp Service
- Natural Gas Connected
Listing and Financial Details
- Security Deposit $680
- Assessor Parcel Number 11413010032
- $20,000 per year additional tax assessments
Community Details
Overview
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $55,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2024
Closed on
Jan 17, 2025
Sold by
Schoonover Maureen and Flesher Jason
Bought by
Sposho Investments Llc
Buyer's Agent
Keith Galinsky
RE/MAX Home Team
List Price
$469,000
Sold Price
$400,000
Premium/Discount to List
-$69,000
-14.71%
Total Days on Market
22
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,341
Avg. Annual Appreciation
8.32%
Original Mortgage
$320,000
Outstanding Balance
$318,707
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$93,634
Purchase Details
Closed on
Nov 7, 2012
Sold by
Schoonover Maureen
Bought by
Schoonover Maureen and Flesher Jason
Similar Homes in Scranton, PA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | Golden Dome Abstract | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | New Conventional | |
| Previous Owner | $128,000 | Credit Line Revolving | |
| Previous Owner | $96,800 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2025 01/20/25 | Sold | $400,000 | -14.7% | $67 / Sq Ft |
| 11/29/2024 11/29/24 | Pending | -- | -- | -- |
| 11/07/2024 11/07/24 | For Sale | $469,000 | -- | $78 / Sq Ft |
Source: Greater Scranton Board of REALTORS®
Tax History Compared to Growth
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 | $5,236 | $20,000 | $2,000 | $18,000 |
| 2024 | $4,375 | $20,000 | $2,000 | $18,000 |
| 2023 | $4,375 | $20,000 | $2,000 | $18,000 |
| 2022 | $4,264 | $20,000 | $2,000 | $18,000 |
| 2021 | $4,264 | $20,000 | $2,000 | $18,000 |
| 2020 | $4,204 | $20,000 | $2,000 | $18,000 |
| 2019 | $3,900 | $20,000 | $2,000 | $18,000 |
| 2018 | $3,830 | $20,000 | $2,000 | $18,000 |
| 2017 | $3,830 | $20,000 | $2,000 | $18,000 |
| 2016 | $2,199 | $20,000 | $2,000 | $18,000 |
| 2015 | -- | $20,000 | $2,000 | $18,000 |
| 2014 | -- | $20,000 | $2,000 | $18,000 |
Source: Public Records
Agents Affiliated with this Home
-
Keith Galinsky
Buyer's Agent in 2025
Keith Galinsky
RE/MAX
(570) 254-2244
1 in this area
15 Total Sales
Map
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC5790
APN: 11413010032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.
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