$267,500
SOLD DEC 12, 2024
9 Beds
5 Baths
4,000 Sq Ft
0.32 Acres

Recently Sold

$67 Per Sq Ft

15% Below List Price

139 Days on Market

Highlights

  • 0.32 Acre Lot
  • Dining Room
  • 2 Car Garage
  • Living Room

About This Home

As of December 2024

This commercial property at 1509 N Main Ave in Scranton presents an excellent investment opportunity, featuring two available storefront locations. Showings will start after 4:00 PM on Monday Oct 7, 2024. Additionally, it includes three rented units with separate utilities, along with an extra apartment above the rear garage. Situated in the bustling North section of Scranton, the property enjoys proximity to local theaters, shops, and restaurants, enhancing its appeal and potential for attracting tenants and customers alike.

Last Agent to Sell the Property

Michael Taluto

Keller Williams Real Estate-Clarks Summit License #RS366701 Listed on: 05/24/2024

Keller Williams Real Estate-Clarks Summit

Last Buyer's Agent

Pat Rogan

The Hub Real Estate Group Scranton License #RM425864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,596

Year Built

  • Built in 1930

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 45x145x45x148

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces

Home Design

  • Poured Concrete

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Free-Standing Gas Range
  • Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Total Actual Rent $34,320
  • Assessor Parcel Number 13416010024
  • $15,000 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Insurance Expense $3,888
  • Maintenance Expense $600
  • Trash Expense $1,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,596

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Directions: Follow North Main Ave to the 1500. 81 South to Dickson City Exit 190 and follow Main Ave south to the 1500 block.Latitude: 41.433244 Longitude: -75.662571
  • Lot Size Acres: 0.32
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • NumberUnfurnished: Unfurnished
  • Income And Expenses Maintenance Expense: 600
  • Inclusions: Apartment unit 1 stove, refrigerator, washer and dryer. Unit 2 stove , refrigerator, washer and dryer, Unit 3 washer and dryer.
  • Above Grade Finished Sq Ft: 4000
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2217.73
  • EnhancedAcccessible: No
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer, Free-Standing Refrigerator, Free-Standing Gas Range
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Has Basement: Concrete
  • Number Of Buildings: 2
  • Private Spa: No
  • Basement YN: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Open Parking Spaces: 3
  • Total Parking Spaces: 3

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1380

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: CN
  • Lot Dimensions: 45X145X45X148
  • Parcel #: 13416010024
  • Zoning Description: Commercial

Rental Info

  • Rent Control: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4595.82
  • Tax Book Number: 201915217
  • Tax Other Annual Assessment Amount: 15000

Multi Family

  • Number Of Units Total: 6
  • Number Of Units Furnished: None
  • Insurance Expense: 3888
  • Total Actual Rent: 34320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Dec 12, 2024
Sold by
Meyers David R and Meyers Sharon L
Bought by
1509 Efh Llc
Seller's Agent
Michael Taluto
Keller Williams Real Estate-Clarks Summit
Buyer's Agent
Pat Rogan
The Hub Real Estate Group Scranton
List Price
$315,000
Sold Price
$267,500
Premium/Discount to List
-$47,500
-15.08%
Views
107
Current Estimated Value
$280,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,397
Avg. Annual Appreciation
5.34%

Purchase Details

Closed on
Sep 24, 2019
Sold by
Pappas James J and Pappas Melissa L
Bought by
Meyers David R and Meyers Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.6%

Purchase Details

Closed on
Jun 1, 2007
Sold by
Creegan James L
Bought by
Meyers David R and Meyers Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Deed $267,500 None Listed On Document
Warranty Deed -- None Available
Deed $100,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,000 No Value Available
Previous Owner $110,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2024 12/12/24 Sold $267,500 -15.1% $67 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/06/2024 10/06/24 For Sale $315,000 0.0% $79 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $315,000 -- $79 / Sq Ft
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 $5,015 $15,000 $3,350 $11,650
2024 $4,596 $15,000 $3,350 $11,650
2023 $4,596 $15,000 $3,350 $11,650
2022 $4,495 $15,000 $3,350 $11,650
2021 $4,495 $15,000 $3,350 $11,650
2020 $4,415 $15,000 $3,350 $11,650
2019 $4,156 $15,000 $3,350 $11,650
2018 $4,156 $15,000 $3,350 $11,650
2017 $4,086 $15,000 $3,350 $11,650
2016 $1,368 $15,000 $3,350 $11,650
2015 $3,100 $15,000 $3,350 $11,650
2014 -- $15,000 $3,350 $11,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC2791

Greater Scranton Board of REALTORS®

APN: 13416010024