NOT LISTED FOR SALE

1388 Madison Ave Pocono Summit, PA 18346

Estimated Value: $232,000 - $284,483

2 Beds
2 Baths
2,010 Sq Ft
$130/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2020

Last sale price $72,000 $36 Per Sq Ft

Est. 263% increase in value since last sale

Current estimated payment $1,453 / mo

12 Days on Market

Highlights

  • Lake View
  • Chalet
  • Cathedral Ceiling
  • Pocono Mountain East High School Rated 9+
  • Deck
  • Wood Flooring

About This Home

As of May 2020

Phenomenal price for this Rustic Pocono A-Frame style home with a LAKE VIEW! 2 bedrooms, loft space, 2 bathrooms, open floor plan with tons of windows and natural lighting, and full finished basement all situated on a corner lot, are just some of the features this home offers. This is an Equal Housing Opportunity. SOLD ''AS IS''. Buyer responsible for 2% Transfer Tax. This home is eligible for an FHA 203K Loan.

Last Agent to Sell the Property

Caryn Centini

Keller Williams Real Estate - Stroudsburg License #RS318388 Listed on: 03/26/2020

Keller Williams Real Estate - Stroudsburg

Last Buyer's Agent

Melissa DePaoli

Keller Williams Real Estate - Stroudsburg License #RS348605

Keller Williams Real Estate - Stroudsburg

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 9,583 Sq Ft Lot
  • Private Streets
  • Corner Lot
  • Cleared Lot

Parking

  • Off-Street Parking

Home Design

  • Chalet
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,010 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Lake Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Fireplace in Basement

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Pocono Summit Lake Subdivision

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 03.5.1.29-4

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Directions: From Mt. Pocono, 940 East, turn right onto Summit, turn right onto Fifth, turn right onto Lexington. At the corner of Lexington & Madison turn left. The home is the first driveway.
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Building Stories: 2
  • Year Built: 1971
  • Architectural Style: Chalet
  • PropertySubType: Single Family Residence
  • Lot Size Acres: 0.22
  • View Type:Pond View: Lake
  • Co List Office Phone: 570-421-2890
  • MLS Status: Closed
  • Subdivision Name: Pocono Summit Lake
  • Above Grade Finished Sq Ft: 1440.0
  • Property Attached Yn: No
  • Room Type: Family Room
  • Location Tax and Legal Parcel Number2: 03.5.1.29-4
  • Location Tax and Legal School Tax Amount2: 2393.28
  • Location Tax and Legal Tax Annual Amount2: 3083.19
  • Location Tax and Legal Zoning Description2: Residential
  • General Property Information Above Grade Finished Area: 1440.0
  • General Property Information Below Grade Finished Area: 570.0
  • General Property Information Living Area2: 2010.0
  • General Property Information Stories2: 2
  • General Property Information Fireplace YN: Yes
  • General Property Information Lot Size Acres: 0.22
  • Common Walls:No Common Walls: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Roof Asphalt3: Yes
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • Appliances Microwave: Yes
  • Water Source:Well: Yes
  • Road Responsibility Private Maintained Road: Yes
  • General Property Information Basement YN: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Room Types Living Room2: Yes
  • Room Types Living Room Level: First
  • Room Types Family Room2: Yes
  • Room Types Family Room Level: First
  • Room Types Laundry3: Yes
  • Room Types Laundry Level: First
  • Room Types Primary Bedroom Level: First
  • Room Types Bedroom 3 Level: First
  • Architectural Style Chalet: Yes
  • Flooring:Linoleum: Yes
  • Roof Fiberglass2: Yes
  • Other Structures:Shed(s): Yes
  • Special Listing Conditions In Foreclosure: Yes
  • Special Features: 5124
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Electric Range, Refrigerator, Water Heater, Dishwasher, Microwave, Washer
  • Fireplace Features: Basement, Family Room, Living Room, Free Standing
  • Flooring: Carpet, Hardwood, Linoleum
  • Interior Amenities: Cathedral Ceiling(s)
  • Basement: Full, Finished, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 570.0
  • Fireplace: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Fireplace Features:Free Standing: Yes
  • Appliances:Electric Range: Yes
  • Appliances Dishwasher: Yes
  • Fireplace Features:Living Room: Yes
  • Fireplace Features:Family Room: Yes
  • Full Basement: Yes
  • Basement:Basement Finished2: Yes
  • Basement:Sump Pump: Yes
  • Fireplace Features:Basement: Yes

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Lot Features: Corner Lot, Cleared
  • Common Walls: No Common Walls
  • Construction Type: Wood Siding
  • Accessibility Features:Accessible Central Living Area: 2010.0
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Cleared: Yes
  • View:Lake: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Ceiling Fan(s)
  • Heating: Electric, Propane
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Sewer Septic Tank: Yes
  • Heating:Propane2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • Parcel Number: 03.5.1.29-4
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 3083.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
May 11, 2020
Sold by
Secretary Of Housing And Urban Dev
Bought by
Bension Kristy
Seller's Agent
Caryn Centini
Keller Williams Real Estate - Stroudsburg
Buyer's Agent
Melissa DePaoli
Keller Williams Real Estate - Stroudsburg
List Price
$54,000
Sold Price
$72,000
Premium/Discount to List
$18,000
33.33%
Current Estimated Value
$261,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,121
Avg. Annual Appreciation
24.04%

Purchase Details

Closed on
Jul 5, 2017
Sold by
Suntrust Mortgage Inc
Bought by
Secretary Of Housing And Urban Dev

Purchase Details

Closed on
Sep 25, 2015
Sold by
Suntrust Mortgage Inc
Bought by
Secretary Of Hud

Purchase Details

Closed on
Aug 28, 2015
Sold by
Fernandez Joel L
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
Oct 29, 2008
Sold by
Lombardi Salvatore S and Lombardi Laura L
Bought by
Fernandez Joel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,698
Interest Rate
5.83%
Mortgage Type
FHA
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
Bension Kristy $72,000 Keystone Premier Setmnt Svcs
Secretary Of Housing And Urban Dev -- None Available
Secretary Of Hud -- None Available
Suntrust Mortgage Inc $2,348 None Available
Fernandez Joel L $129,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernandez Joel L $121,698
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2020 05/13/20 Sold $72,000 +33.3% $36 / Sq Ft
04/06/2020 04/06/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $54,000 -- $27 / Sq Ft
Source: Pocono Mountains Association 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 $823 $82,650 $19,670 $62,980
2024 $580 $82,650 $19,670 $62,980
2023 $1,859 $69,670 $19,670 $50,000
2022 $1,825 $69,670 $19,670 $50,000
2021 $1,825 $69,670 $19,670 $50,000
2019 $3,030 $17,690 $2,000 $15,690
2018 $3,030 $17,690 $2,000 $15,690
2017 $3,066 $17,690 $2,000 $15,690
2016 $655 $17,690 $2,000 $15,690
2015 $2,499 $17,690 $2,000 $15,690
2014 $2,499 $17,690 $2,000 $15,690
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Caryn Centini

    Keller Williams Real Estate - Stroudsburg

    (570) 239-0556

    1 in this area

    51 Total Sales

    Caryn Centini
    Section Image
  • Melissa DePaoli

    Buyer's Agent in 2020

    Melissa DePaoli

    Keller Williams Real Estate - Stroudsburg

    (570) 460-5448

    9 in this area

    51 Total Sales

    Melissa DePaoli
    Section Image
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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-76786

Pocono Mountains Association of REALTORS®

APN: 03.5.1.29-4

Pennsylvania Monroe County Pocono Summit 18346

1388 Madison Ave, Pocono Summit, PA

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.

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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