NOT LISTED FOR SALE

116-118 Spruce St Olyphant, PA 18447

Estimated Value: $178,000 - $280,000

-- Bed
-- Bath
1,930 Sq Ft
$118/Sq Ft Est. Value

Last Sold December 15, 2015

Last sale price $131,250 $68 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,359/month

167 Days on Market

Highlights

  • Ceiling Fan
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of December 2015

Become a landlord! This 5 unit apartment building is fully rented. Has long term tenants, and is cash-flowing nearly $2,400.00 in monthly rental income. Low taxes, under $1,300.00 a year.

Last Agent to Sell the Property

Joseph Schmelzle

Waring Bowman Realty License #RS327042 Listed on: 04/25/2015

Last Buyer's Agent

Joseph Schmelzle

Waring Bowman Realty License #RS327042 Listed on: 04/25/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,263

Year Built

  • Built in 1925

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 50x55

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,930 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Basement

Parking

  • 2 Parking Spaces
  • Paved Parking
  • Off-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 11414030035

Community Details

Building Details

  • New Taxes Expense $1,263
  • Gross Income $2,350

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,263

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: Take US 6 to the O'Neill Highway (Rt-347N). Take PA-347N to Spruce street. Make a right on Spruce and building is 300 ft on the right corner.
  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • Building Stories: 4
  • Year Built: 1925
  • PropertySubType: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.06
  • Co List Office Phone: 570-421-8484
  • MLS Status: Closed
  • Location Tax and Legal Parcel Number2: 11414030035
  • Location Tax and Legal School Tax Amount2: 761.89
  • Location Tax and Legal Tax Annual Amount2: 1263.04
  • Location Tax and Legal Zoning Description2: Multi-Family
  • General Property Information Stories2: 4
  • General Property Information Lot Size Acres: 0.06
  • General Property Information Lot Size Dimensions: 50x55
  • Roof:Shingle: Yes
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • General Property Information Basement YN: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Water Source:Public: Yes
  • Sewer:Public Sewer: Yes
  • Cooling None4: Yes
  • Water Heater Gas3: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Income And Expenses New Taxes Expense: 1263.04
  • Laundry Features Common Area2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Appliances: Water Heater
  • Basement YN: Yes

Exterior Features

  • Roof: Shingle, Other
  • Construction Type: Stucco
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Information:Parking Total: 2.0
  • Parking Features:Paved2: Yes
  • Parking Features:Off Site: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), None
  • Heating: Baseboard, Electric, Natural Gas
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Heating:Baseboard: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Mid Valley

Lot Info

  • Lot Dimensions: 50x55
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel Number: 11414030035
  • Zoning Description: Multi-Family

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 1263.04
  • Tax Book Number: 934-224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2015
Closed on
Dec 4, 2015
Sold by
Harkenreader Carol E
Bought by
116-118 Spruce Street Llc
Seller's Agent
Joseph Schmelzle
Waring Bowman Realty
Buyer's Agent
Joseph Schmelzle
Waring Bowman Realty
List Price
$150,000
Sold Price
$131,250
Premium/Discount to List
-$18,750
-12.5%
Current Estimated Value
$227,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,628
Avg. Annual Appreciation
5.05%
Original Mortgage
$105,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2002
Bought by
Harkenreader Ronald R
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
116-118 Spruce Street Llc $131,250 None Available
Harkenreader Ronald R $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 116-118 Spruce Street Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2015 12/15/15 Sold $131,250 -12.5% $68 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
04/25/2015 04/25/15 For Sale $150,000 -- $78 / Sq Ft
Source: Pocono Mountains Association 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 $1,810 $7,500 $1,000 $6,500
2024 $1,525 $7,500 $1,000 $6,500
2023 $1,525 $7,500 $1,000 $6,500
2022 $1,484 $7,500 $1,000 $6,500
2021 $1,484 $7,500 $1,000 $6,500
2020 $1,461 $7,500 $1,000 $6,500
2019 $1,386 $7,500 $1,000 $6,500
2018 $1,360 $7,500 $1,000 $6,500
2017 $1,360 $7,500 $1,000 $6,500
2016 $849 $7,500 $1,000 $6,500
2015 -- $7,500 $1,000 $6,500
2014 -- $7,500 $1,000 $6,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joseph Schmelzle

    Waring Bowman Realty

See All Agents

Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-22737

Pocono Mountains Association of REALTORS®

APN: 11414030035

Pennsylvania Lackawanna County Olyphant 18447

116-118 Spruce St, Olyphant, PA

This home is located at 116-118 Spruce St, Olyphant, PA 18447 since 25 April 2015 and is currently estimated at $227,878, approximately $118 per square foot. This property was built in 1925. 116-118 Spruce St is a home located in Lackawanna County with nearby schools including The Geneva School, Lasalle Academy, and St. Paul St. Clare School St. Clare Campus.

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Pocono Mountains Association of REALTORS® The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarilty the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Associations and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied.

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