NOT LISTED FOR SALE

1202 W Elm St Scranton, PA 18504

Hyde Park Neighborhood

Estimated Value: $259,000 - $671,000

-- Bed
-- Bath
4,968 Sq Ft
$97/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $500,000 $101 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,795/month

4 Days on Market

Highlights

  • Deck
  • Porch
  • Laundry Facilities
  • Corner Lot
  • Forced Air Zoned Cooling and Heating System

About This Home

As of September 2023

Investors, don't get stuck in analysis paralysis on this one... This turn-key property is not a sham. If low maintenance, high cash flow, and (still) room for value-add are what you've been looking for, read on.1 beautiful building featuring 4 units, 3 bedrooms in each, FULLY RENTED on annual leases, great tenants, on-site laundry, SEPARATE utilities, central air, wonderfully maintained, & countless upgrades. Current annual rental income: $58,800 with room for growth.It's priced to sell, and yes that means a wee-bit under market value to get this deal done quick and clean with the least amount of interruptions to the wonderful tenants as possible! Blink, Ponder, or low-ball and you'll miss it., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2484.00, SqFt Fin - 2nd: 2484.00

Last Agent to Sell the Property

Kate Daye Ruane

ERA One Source Realty License #RM425525 Listed on: 08/06/2023

Last Buyer's Agent

Kate Daye Ruane

ERA One Source Realty License #RM425525 Listed on: 08/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,850

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 84x108
  • Corner Lot
  • Level Lot

Home Design

  • Wood Roof
  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 4,968 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Pad
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $58,800

Listing and Financial Details

  • Assessor Parcel Number 15609010007
  • $11,700 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,850

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: Corner of West Elm and Parrot.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.12
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1940
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • ResoLotFeatures: Corner Lot, Rectangular Lot, Level
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Above Grade Finished Sq Ft: 4968
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Composition, Wood, Rubber
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 192.00

Garage/Parking

  • Parking Features: Gravel, Parking Pad, On Street, Off Street
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 84X108
  • Additional Parcels: No
  • Parcel #: 15609010007
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3850
  • Tax Book Number: 2014/01042
  • Tax Other Annual Assessment Amount: 11700

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 58800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2024
Sold by
Propato Joseph and Propato Landa
Bought by
Saccheri Sal and Saccheri Carlo
Current Estimated Value
$479,538

Purchase Details

Closed on
Sep 17, 2021
Sold by
Hawk Enterprise Llc
Bought by
Sentinel Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,925
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2014
Sold by
Davis Justin
Bought by
Hawk Enterprises Llc

Purchase Details

Closed on
Apr 24, 2009
Sold by
May Edward J
Bought by
Davis Justin

Purchase Details

Closed on
Nov 22, 2006
Sold by
Stasiak Joseph M and Stasiak Carrie
Bought by
May Edward J

Purchase Details

Closed on
Mar 4, 2005
Sold by
Wendolowski Eugene
Bought by
Stasiak Joseph M and Stasiak Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.64%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Saccheri Sal $570,000 Empora Title Llc
Sentinel Capital Llc $399,900 None Available
Hawk Enterprises Llc $45,000 None Available
Davis Justin $270,400 None Available
May Edward J $77,500 None Available
Stasiak Joseph M $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sentinel Capital Llc $299,925
Previous Owner Stasiak Joseph M $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2023 09/21/23 Sold $500,000 0.0% $101 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
08/06/2023 08/06/23 For Sale $499,900 0.0% $101 / Sq Ft
07/19/2023 07/19/23 Rented $15,730 +1023.6% --
06/19/2023 06/19/23 Under Contract -- -- --
06/08/2023 06/08/23 For Rent $1,400 -- --
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 $3,145 $9,000 $2,700 $6,300
2024 $2,890 $9,000 $2,700 $6,300
2023 $2,890 $9,000 $2,700 $6,300
2022 $2,827 $9,000 $2,700 $6,300
2021 $2,827 $9,000 $2,700 $6,300
2020 $2,779 $9,000 $2,700 $6,300
2019 $2,619 $9,000 $2,700 $6,300
2018 $2,619 $9,000 $2,700 $6,300
2017 $2,577 $9,000 $2,700 $6,300
2016 $946 $9,000 $2,700 $6,300
2015 $1,979 $9,000 $2,700 $6,300
2014 -- $9,000 $2,700 $6,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kate Daye Ruane

    ERA One Source Realty

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB233383

Greater Scranton Board of REALTORS®

APN: 15609010007

Pennsylvania Lackawanna County Scranton 18504 Hyde Park

1202 W Elm St, Scranton, PA

Not Listed for Sale

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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