$171,500
SOLD MAY 14, 2024

254 S Keyser Ave Old Forge, PA 18518

4 Beds
2 Baths
2,200 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$78 Per Sq Ft

18% Below List Price

54 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Ceiling Fan
  • Deck
  • Tile Flooring
  • Baseboard Heating

About This Home

As of May 2024

Presenting a unique investment opportunity in Taylor - a multi-family property featuring two charming 2-bedroom apartments, each boasting oversized bedrooms and a spacious living room adorned with attractive vinyl flooring. This property not only offers comfortable living spaces but also holds promising potential for those looking to make a sound real estate investment.Nestled in Taylor, this multi-family gem provides a prime location with easy accessibility to major roads, ensuring convenient commuting for residents. Families with school-going children will appreciate the proximity to schools, making the daily routine a seamless experience. Additionally, the diverse selection of nearby restaurants adds to the allure of this property, promising a variety of culinary delights for the future tenants.One of the standout advantages of this multi-family property is its low taxes, making it an appealing prospect for savvy investors. While the apartments may be in need of some tender loving care (TLC), this presents an excellent opportunity for the new owner to revitalize and customize each unit to maximize their investment potential.Whether you're a seasoned investor or someone looking to enter the real estate market, this multi-family property in Taylor offers the ideal blend of location, potential, and affordability. Take advantage of the chance to transform and elevate this property into a lucrative investment. Contact us today to schedule a viewing and explore the exciting possibilities that come with this two-unit gem in Taylor.

Last Agent to Sell the Property

Sunita Arora

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

Last Buyer's Agent

Judith Cipriani

ERA One Source Realty License #RS336298

ERA One Source Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x158x51x147

Home Design

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

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Shared Driveway
  • Unpaved Parking
  • Off-Street Parking

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 1650204001202
  • $20,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Directions: Take Davis Street to S. Keyser Avenue. Home is on the right side of S. Keyser Avenue.
  • Lot Size Acres: 0.18
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1956
  • Reso Property Sub Type: Multi Family
  • NumberUnfurnished: Unfurnished
  • ResoPoolFeatures: None
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 2200
  • Reso Interior Features: Open Floorplan
  • New Construction: No
  • Property Attached Yn: 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
  • Has Basement: Full, Unfinished
  • Flooring: Carpet, Vinyl, Tile
  • Number Of Buildings: 1
  • Spa Features: None
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace Features: None

Exterior Features

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

Garage/Parking

  • Parking Features: Off Street, Unpaved, Shared Driveway

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Old Forge

Lot Info

  • Zoning: R1
  • Current Use: Investment, Multi-Family
  • Land Lease: No
  • Lot Dimensions: 50X158X51X147
  • Parcel #: 1650204001202

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Taxes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4625.85
  • Tax Book Number: 0756/0682
  • Tax Other Annual Assessment Amount: 20000

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
May 17, 2024
Sold by
Hsk Avoca1 Llc
Bought by
Old Forge Holdings Llc
Seller's Agent
Judith Cipriani
ERA One Source Realty
Buyer's Agent
Judith Cipriani
ERA One Source Realty
Sold Price
$13,750
Views
15
Current Estimated Value
$200,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,917
Avg. Annual Appreciation
1.37%
Original Mortgage
$137,200
Interest Rate
8.99%
Mortgage Type
New Conventional

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:

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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 $171,500 None Listed On Document
Deed $82,000 None Available
Deed $66,700 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $751,500 New Conventional
Closed $137,200 New Conventional
Previous Owner $1,177,400 Commercial
Previous Owner $800,000 Future Advance Clause Open End Mortgage
Previous Owner $1,000,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Rented $13,750 +1045.8% --
06/07/2024 06/07/24 Price Changed $1,200 +9.1% $1 / Sq Ft
05/22/2024 05/22/24 Price Changed $1,100 +10.0% $1 / Sq Ft
05/21/2024 05/21/24 For Rent $1,000 0.0% --
05/14/2024 05/14/24 Sold $171,500 -14.2% $78 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
02/15/2024 02/15/24 Price Changed $199,900 -4.4% $91 / Sq Ft
02/03/2024 02/03/24 For Sale $209,000 0.0% $95 / Sq Ft
04/15/2023 04/15/23 Rented $13,200 +1100.0% --
04/15/2023 04/15/23 For Rent $1,100 -- --
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 $5,187 $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: GSBSC911

Greater Scranton Board of REALTORS®

APN: 1650204001202