NOT LISTED FOR SALE

1518 Olive St Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $142,925 - $197,000

-- Bed
-- Bath
1,750 Sq Ft
$101/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $120,000 $69 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,259/month

22 Days on Market

About This Home

As of April 2022

2 unit apartment building - double up and down. Top unit is recently vacant and currently listed for rent at $950 / per month. Bottom unit is leased and tenant has a year lease. Listing agent can provide rental history for both units. Each unit is 2 bedrooms 1 bath. Located in Scranton Hill Section where nearby universities and hospitals provide a steady demand for rental units. Tenants pay electric and garbage while landlord pays heat and water. Projections below are estimates. Once top unit is leased the building is approximatley a 10 cap return., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 875.00, SqFt Fin - 2nd: 875.00

Last Agent to Sell the Property

Jason Heimrich

CLASSIC PROPERTIES License #RS326749 Listed on: 01/15/2022

Last Buyer's Agent

NON MEMBER

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 30x50
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,750 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15710020032
  • $12,000 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $1,350
  • Gross Income $21,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: 1518 olive st is near the corner of harrison ave and olive st.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.16
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Level
  • Road Frontage Type: Other
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 1750
  • Architectural Style: Duplex Up & Down
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 1651.44
  • EnhancedAcccessible: No
  • WaterExpense: 1350.00
  • SewerExpense: 450.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

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

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Vinyl Siding
  • RoadFrontageLength: 52.00

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 30X50
  • Additional Parcels: No
  • Parcel #: 15710020032
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3488.19
  • Tax Book Number: 1256/0370
  • Tax Other Annual Assessment Amount: 12000

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 21900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 30, 2022
Sold by
Jamal Rahat N
Bought by
Kasiak Filip B
Seller's Agent
Jason Heimrich
CLASSIC PROPERTIES
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$120,000
Sold Price
$120,000
Current Estimated Value
$176,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,231
Avg. Annual Appreciation
11.10%
Original Mortgage
$92,000
Outstanding Balance
$86,571
Interest Rate
4.42%
Mortgage Type
Balloon
Estimated Equity
$89,660

Purchase Details

Listed on
Jul 18, 2018
Closed on
Oct 5, 2018
Sold by
Frommert Joyce Christine
Bought by
Jamal Rahat N and Ahmed Mussarat R
Seller's Agent
Jamie Rillstone, SFR
Berkshire Hathaway Home Services Preferred Properties
Buyer's Agent
Jason Heimrich
CLASSIC PROPERTIES
List Price
$45,000
Sold Price
$39,000
Premium/Discount to List
-$6,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.87%

Purchase Details

Closed on
Jul 29, 1988
Bought by
Frommert Joyce Christine
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
Kasiak Filip B $120,000 None Listed On Document
Jamal Rahat N $39,000 Velocity Abstract Llc
Frommert Joyce Christine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasiak Filip B $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2022 04/06/22 Sold $120,000 0.0% $69 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $120,000 0.0% $69 / Sq Ft
05/31/2021 05/31/21 Rented $10,500 +1135.3% --
05/05/2021 05/05/21 Under Contract -- -- --
04/27/2021 04/27/21 For Rent $850 -91.4% --
09/01/2020 09/01/20 Rented $9,900 +1100.0% --
08/13/2020 08/13/20 Under Contract -- -- --
08/02/2020 08/02/20 For Rent $825 -91.4% --
01/03/2020 01/03/20 Rented $9,600 +1063.6% --
12/16/2019 12/16/19 Under Contract -- -- --
10/12/2019 10/12/19 For Rent $825 -91.1% --
08/01/2019 08/01/19 Rented $9,300 +1062.5% --
07/25/2019 07/25/19 Under Contract -- -- --
07/11/2019 07/11/19 For Rent $800 -91.4% --
03/30/2019 03/30/19 Rented $9,300 +1062.5% --
03/07/2019 03/07/19 Under Contract -- -- --
01/26/2019 01/26/19 For Rent $800 0.0% --
10/05/2018 10/05/18 Sold $39,000 -13.3% $22 / Sq Ft View Prior Sale
08/10/2018 08/10/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $45,000 -- $26 / 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 $3,967 $12,000 $2,450 $9,550
2024 $3,632 $12,000 $2,450 $9,550
2023 $3,632 $12,000 $2,450 $9,550
2022 $3,553 $12,000 $2,450 $9,550
2021 $3,553 $12,000 $2,450 $9,550
2020 $3,488 $12,000 $2,450 $9,550
2019 $3,283 $12,000 $2,450 $9,550
2018 $3,283 $12,000 $2,450 $9,550
2017 $3,227 $12,000 $2,450 $9,550
2016 $1,053 $12,000 $2,450 $9,550
2015 $2,441 $12,000 $2,450 $9,550
2014 -- $12,000 $2,450 $9,550
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jason Heimrich

    CLASSIC PROPERTIES

  • N

    Buyer's Agent in 2022

    NON MEMBER

    NON MEMBER

  • S

    Buyer's Agent in 2021

    Stephanie Silvestri

    Wayne Evans Realty

    Section Image

  • J

    Seller's Agent in 2018

    Jamie Rillstone, SFR

    Berkshire Hathaway Home Services Preferred Properties

    Section Image
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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB22149

Greater Scranton Board of REALTORS®

APN: 15710020032

Pennsylvania Lackawanna County Scranton 18510 Hill Section

1518 Olive St, Scranton, PA

Not Listed for Sale

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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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