NOT LISTED FOR SALE

116-118 Spruce St Olyphant, PA 18447

Estimated Value: $178,000 - $323,000

-- Bed
-- Bath
1,930 Sq Ft
$128/Sq Ft Est. Value

Last Sold December 15, 2015

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

Est. 88% increase in value since last sale

Current estimated payment $1,454/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

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
$247,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,057
Avg. Annual Appreciation
6.57%
Original Mortgage
$105,000
Outstanding Balance
$83,368
Interest Rate
3.99%
Estimated Equity
$163,939

Purchase Details

Closed on
Feb 20, 2002
Bought by
Harkenreader Ronald R
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 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 List to Sale Price per Sq Ft
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

Not Listed for Sale

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