$400,000
SOLD JAN 20, 2025

1027 Main St Scranton, PA 18519

10 Beds
5 Baths
6,000 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

15% Below List Price

22 Days on Market

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.

Last Agent to Sell the Property

Jessica Kalinoski

JESSICA KALINOSKI License #SB065698 Listed on: 11/07/2024

Last Buyer's Agent

Keith Galinsky

RE/MAX Home Team License #RS369142

RE/MAX Home Team

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,481

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Directions: INTERSTATE 81 TO MAIN STREET, DICKSON CITY EXIT, MAKE RIGHT. BUILDING IS ON THE LEFT APPROX 1.5 MILES.
  • Unit Levels: Two
  • Lot Size Acres: 0.19
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1933
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Paved
  • Above Grade Finished Sq Ft: 6000
  • Architectural Style: Converted
  • Reso Interior Features: Storage
  • New Construction: No
  • Reso Structure Type: Multi Family
  • Financial Info Electric: 200+ Amp Service
  • AuctionYN: No
  • SchoolTaxAmount: 2682.18
  • EnhancedAcccessible: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeSecurityDeposit: 680.00
  • GSB_UnitTypeSecurityDeposit: 500.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeSecurityDeposit: 625.00
  • GSB_UnitTypeSecurityDeposit: 1100.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeSecurityDeposit: 0.00
  • GSB_UnitTypeDiningRoomYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: None
  • Full Bathrooms: 5
  • Total Bedrooms: 10
  • Has Basement: Concrete, Walk-Out Access
  • Flooring: Other
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace Features: None

Exterior Features

  • Waterfront: No
  • Construction Type: Stucco, Vinyl Siding
  • Foundation Details: Block

Utilities

  • Cooling: None
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Junior High Dist: Mid Valley

Lot Info

  • Zoning: MU
  • Current Use: Multi-Family
  • Lot Dimensions: 50X165X50X161
  • Parcel #: 11413010032

Rental Info

  • Rent Control: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4480.58
  • Tax Book Number: 201221905
  • Tax Other Annual Assessment Amount: 20000

Multi Family

  • Number Of Units Total: 6
  • Number Of Units Furnished: None
  • Annual Gross Income: 55500
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

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
Seller's Agent
Jessica Kalinoski
JESSICA KALINOSKI
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%
Views
45
Current Estimated Value
$380,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,759
Avg. Annual Appreciation
-5.59%
Original Mortgage
$320,000
Outstanding Balance
$314,742
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$65,499

Purchase Details

Closed on
Nov 7, 2012
Sold by
Schoonover Maureen
Bought by
Schoonover Maureen and Flesher Jason
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 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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $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

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC5790

Greater Scranton Board of REALTORS®

APN: 11413010032