NOT LISTED FOR SALE

1286 Franklin St Old Forge, PA 18518

Estimated Value: $17,000 - $251,000

4 Beds
2 Baths
1,800 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 01, 2024

Last sale price $200,000 $111 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,352/month

48 Days on Market

Highlights

  • Porch
  • Tile Flooring
  • Baseboard Heating
  • Eat-In Kitchen

About This Home

As of May 2024

Discover the allure of this exceptional two-unit property located in the heart of Old Forge, proudly known as the Pizza Capital of the World. This fantastic double residence not only promises a prime location but also comes with a range of features that make it an ideal investment.The tenants pay water, electric and trash.

Last Agent to Sell the Property

Sunita Arora

ERA One Source Realty License #RM061605A Listed on: 02/02/2024

Last Buyer's Agent

Gladys DeSavino

Levy Realty Group License #RS332717

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,626

Year Built

  • Built in 1950

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • Parking Pad

Home Design

  • Brick Exterior Construction
  • Wood Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen
  • Washer and Gas Dryer Hookup

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • 2 Units
  • Austin Heights Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 16518020005
  • $20,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,626

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: Keyser Avenue to Franklin Street, make a right onto Franklin Street and the home is on the left side of the street.
  • Unit Levels: Two
  • Lot Size Acres: 0.11
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Austin Heights
  • Year Built: 1950
  • Reso Property Sub Type: Multi Family
  • NumberUnfurnished: Unfurnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup, Gas Dryer Hookup
  • ResoPoolFeatures: None
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 1800
  • Architectural Style: Other
  • Reso Interior Features: Eat-in Kitchen
  • New Construction: No
  • Reso Structure Type: Multi Family
  • AuctionYN: No
  • SchoolTaxAmount: 2912.45
  • EnhancedAcccessible: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Carpet, Tile
  • Number Of Buildings: 1
  • Spa Features: None
  • Private Spa: No
  • Basement YN: No
  • Fireplace Features: None

Exterior Features

  • Roof: Composition, Wood
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: None
  • Heating: Baseboard, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Junior High Dist: Old Forge

Lot Info

  • Zoning: R1
  • Current Use: Investment, Multi-Family
  • Lot Dimensions: 50X150
  • Parcel #: 16518020005

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Taxes
  • Rent Control: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4625.85
  • Tax Book Number: 0756/0687
  • Tax Other Annual Assessment Amount: 20000

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Apr 30, 2024
Sold by
Hsk Avoca1 Llc
Bought by
Trapani John Anthony
Seller's Agent
Sunita Arora
ERA One Source Realty
Buyer's Agent
Gladys DeSavino
Levy Realty Group
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Views
39
Current Estimated Value
$177,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,883
Avg. Annual Appreciation
-6.74%
Original Mortgage
$190,000
Outstanding Balance
$187,331
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$10,214

Purchase Details

Closed on
Jul 31, 2019
Sold by
Reviello William John and Reviello Venice M
Bought by
Hsk Avoca1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,177,400
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2017
Sold by
Reviello William John and Reviello Venice M
Bought by
Reviello William John and Reviello Venice M

Purchase Details

Closed on
Aug 22, 2002
Bought by
Reviello Wm and Reviello Venice
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
Trapani John Anthony $200,000 None Listed On Document
Hsk Avoca1 Llc $82,000 None Available
Reviello William John $66,700 --
Reviello Wm -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trapani John Anthony $190,000
Previous Owner Hsk Avoca1 Llc $1,177,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2024 05/01/24 Sold $200,000 +0.1% $111 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
02/15/2024 02/15/24 Price Changed $199,900 -8.7% $111 / Sq Ft
02/05/2024 02/05/24 Price Changed $219,000 +10.1% $122 / Sq Ft
02/02/2024 02/02/24 For Sale $199,000 0.0% $111 / Sq Ft
10/01/2023 10/01/23 Rented $13,200 +1100.0% --
09/29/2023 09/29/23 Under Contract -- -- --
08/18/2023 08/18/23 Price Changed $1,100 -8.3% $1 / Sq Ft
08/14/2023 08/14/23 For Rent $1,200 -- --
Source: Greater Scranton Board of REALTORS®

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 $5,187 $20,000 $3,000 $17,000
2024 $4,626 $20,000 $3,000 $17,000
2023 $4,626 $20,000 $3,000 $17,000
2022 $4,470 $20,000 $3,000 $17,000
2021 $4,348 $20,000 $3,000 $17,000
2020 $4,298 $20,000 $3,000 $17,000
2019 $4,118 $20,000 $3,000 $17,000
2018 $4,078 $20,000 $3,000 $17,000
2017 $4,078 $20,000 $3,000 $17,000
2016 $2,525 $20,000 $3,000 $17,000
2015 -- $20,000 $3,000 $17,000
2014 -- $20,000 $3,000 $17,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC908

Greater Scranton Board of REALTORS®

APN: 16518020005