NOT LISTED FOR SALE

1101 Cedar Ave Scranton, PA 18505

South Side Neighborhood

Estimated Value: $197,000 - $385,000

8 Beds
4 Baths
3,200 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $325,000 $102 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,228/month

7 Days on Market

Highlights

  • Deck
  • Porch
  • Central Air
  • Corner Lot
  • Living Room
  • Coin Laundry

About This Home

As of September 2022

Grand Brick Money Maker! Turn-key 4 units w/separate utilities and central air. 4-2 bedroom units that is fully occupied. Off street parking for 4-6 cars. Laundry room making additional income. This fully restored property has it all. All appliances convey to new owner. Curb appeal and happy tenants make this a perfect property to add to you portfolio., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1600.00, SqFt Fin - 2nd: 1600.00, Additional Info: The water is due to the laundry room. This is a coin operated laundry room. I'm still waiting on revenue that it generates. Property has 5 water meters .THIS PROPERTY IS ZONED COMMERCIAL. IN THE DOCUMENTS IS A LETTER FROM THE ZOING DIVISION OF SCRANTON SAYING THIS IS AN APPROVED USE

Last Agent to Sell the Property

Sara Weiss

NASSER REAL ESTATE, INC. License #RM425973 Listed on: 06/01/2022

Last Buyer's Agent

NON MEMBER

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,093

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x150x50x50x10x100
  • Corner Lot
  • Land Lease

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $650
  • Assessor Parcel Number 15619040021
  • $16,000 per year additional tax assessments

Community Details

Building Details

  • Water Sewer Expense $1,893
  • Gross Income $36,900

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,093

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Directions: Pittston Ave turn on E Elm. Corner lot
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.15
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1900
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area, None
  • ResoLotFeatures: Corner Lot
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Coin Laundry
  • Above Grade Finished Sq Ft: 3200
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2287.79
  • EnhancedAcccessible: No
  • WaterExpense: 1893.00
  • SewerExpense: 0.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 650.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeSecurityDeposit: 875.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Total Bedrooms: 8
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Other, See Remarks
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Brick
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 60.00

Garage/Parking

  • Parking Features: Off Street, Unpaved, See Remarks, Other
  • Total Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating: Electric, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 60X150X50X50X10X100
  • Additional Parcels: No
  • Parcel #: 15619040021
  • Zoning Description: Commercial

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5092.66
  • Tax Book Number: 202111754
  • Tax Other Annual Assessment Amount: 16000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Sep 13, 2022
Sold by
Fkm Holdings Inc
Bought by
Wright Sanjay and Wright Boneque
Seller's Agent
Sara Weiss
NASSER REAL ESTATE, INC.
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$319,900
Sold Price
$325,000
Premium/Discount to List
$5,100
1.59%
Current Estimated Value
$331,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,212
Avg. Annual Appreciation
1.66%
Original Mortgage
$250,250
Outstanding Balance
$240,305
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$101,405

Purchase Details

Listed on
Jun 3, 2020
Closed on
Feb 23, 2021
Sold by
Sandy Michael A
Bought by
Fkm Holdings Inc
Seller's Agent
Kimberly Korgeski
Keller Williams Real Estate-Clarks Summit
Buyer's Agent
SARA WEISS
C21 Jack Ruddy Real Estate
List Price
$260,000
Sold Price
$236,500
Premium/Discount to List
-$23,500
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.14%
Original Mortgage
$172,800
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 3, 2014
Sold by
May Edward J and May Andrea
Bought by
Sandy Michael A
Seller's Agent
Jim Nasser
NASSER REAL ESTATE, INC.
Buyer's Agent
Kimberly Korgeski
Keller Williams Real Estate-Clarks Summit
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%

Purchase Details

Closed on
May 29, 2007
Sold by
Scranton 1 Llc
Bought by
May Edward J

Purchase Details

Closed on
Aug 4, 2005
Sold by
Hawkeye Development Company Inc
Bought by
Scranton 1 Llc
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 Buyer Sale Price Title Company
Wright Sanjay $325,000 --
Fkm Holdings Inc $236,500 None Available
Sandy Michael A $220,000 None Available
May Edward J $60,000 None Available
Scranton 1 Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Sanjay $250,250
Previous Owner Fkm Holdings Inc $172,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2022 09/19/22 Sold $325,000 +1.6% $102 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $319,900 +35.3% $100 / Sq Ft
04/01/2021 04/01/21 Sold $236,500 -9.0% $74 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
06/03/2020 06/03/20 For Sale $260,000 0.0% $81 / Sq Ft
08/13/2018 08/13/18 Rented $8,400 +1100.0% --
08/12/2018 08/12/18 Under Contract -- -- --
08/02/2018 08/02/18 For Rent $700 -91.7% --
06/28/2017 06/28/17 Rented $8,400 +1100.0% --
06/26/2017 06/26/17 Under Contract -- -- --
06/03/2017 06/03/17 For Rent $700 -91.0% --
03/23/2017 03/23/17 Rented $7,800 +1100.0% --
03/21/2017 03/21/17 Under Contract -- -- --
03/03/2017 03/03/17 For Rent $650 -91.0% --
03/08/2016 03/08/16 Rented $7,200 0.0% --
03/02/2016 03/02/16 Rented $7,200 +966.7% --
03/01/2016 03/01/16 Under Contract -- -- --
02/26/2016 02/26/16 Under Contract -- -- --
02/01/2016 02/01/16 For Rent $675 -3.6% --
11/02/2015 11/02/15 For Rent $700 0.0% --
12/04/2014 12/04/14 Sold $220,000 -3.9% $69 / Sq Ft
11/09/2014 11/09/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $229,000 -- $72 / 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 $5,659 $16,000 $5,150 $10,850
2024 $5,206 $16,000 $5,150 $10,850
2023 $5,206 $16,000 $5,150 $10,850
2022 $5,093 $16,000 $5,150 $10,850
2021 $5,093 $16,000 $5,150 $10,850
2020 $5,007 $16,000 $5,150 $10,850
2019 $4,720 $16,000 $5,150 $10,850
2018 $4,720 $16,000 $5,150 $10,850
2017 $4,645 $16,000 $5,150 $10,850
2016 $1,746 $16,000 $5,150 $10,850
2015 $3,578 $16,000 $5,150 $10,850
2014 -- $16,000 $5,150 $10,850
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sara Weiss

    NASSER REAL ESTATE, INC.

  • N

    Buyer's Agent in 2022

    NON MEMBER

    NON MEMBER

  • K

    Seller's Agent in 2021

    Kimberly Korgeski

    Keller Williams Real Estate-Clarks Summit

  • K

    Buyer's Agent in 2018

    Kim Korgeski

    EXP Realty LLC

    (570) 309-9600

    2 in this area

    53 Total Sales

    Kim Korgeski
    Section Image

  • J

    Seller's Agent in 2017

    Jamie Rillstone, SFR

    Berkshire Hathaway Home Services Preferred Properties

    Section Image

  • L

    Buyer's Agent in 2017

    Linda Vosefski

    Berkshire Hathaway Home Services Preferred Properties

    (570) 687-6603

    1 in this area

    54 Total Sales

    Linda Vosefski
    Section Image
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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB222298

Greater Scranton Board of REALTORS®

APN: 15619040021

Pennsylvania Lackawanna County Scranton 18505 South Side

1101 Cedar Ave, Scranton, PA

This home is located at 1101 Cedar Ave, Scranton, PA 18505 since 01 June 2022 and is currently estimated at $331,212, approximately $103 per square foot. This property was built in 1900. 1101 Cedar Ave is a home located in Lackawanna County with nearby schools including McNichols Plaza Elementary School, South Scranton Intermediate, and Scranton High School.

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.

Greater Scranton Board of REALTORS® 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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