NOT LISTED FOR SALE

254 Silver Valley Rd Saylorsburg, PA 18353

Estimated Value: $354,000 - $479,000

2 Beds
1 Bath
3,446 Sq Ft
$118/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $320,000 $93 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,294/month

58 Days on Market

Highlights

  • 2.5 Acre Lot
  • 15 Car Garage
  • 1-Story Property
  • Baseboard Heating

About This Home

As of January 2022

Great Opportunity to Invest! Current Cap Rate is 7.8% could easily be more. Single family home and 3 additional building, with a total of 5 apartments, 3 car garage. Single family Country house with 2 bedrooms front porch and rear patio in great condition. A stream borders the property, and the 2.5 acres is on a beautiful country setting. Property Currently brings in approximately $60,000 a year before expenses,. However rents are currently below market value and income could be much more. Tenants are on month to month leases. Apartments 3 & 4 are Two bdrms & addt'l rm w/o closet. , Unit 1 is a small one bdrm, Unit 2 is a one bdrm & addt'l rm w/o closet. The apt above gararge is a 1 bdrm with deck overlooking McMichaels stream. Flood insurance required.

Last Agent to Sell the Property

Dawn Chamberlain

D-N-A Property Management Co Listed on: 07/14/2021

Last Buyer's Agent

Jeff Thomas

Jeffrey L Thomas Real Estate License #RM047762A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,914

Year Built

  • Built in 1937

Lot Details

  • 2.5 Acre Lot

Parking

  • 15 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,446 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Oil
  • Baseboard Heating
  • Separate Meters
  • Well
  • Gas Water Heater
  • Oil Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 02.4.1.48

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • Electric Expense $4,800
  • Fuel Expense $800
  • Insurance Expense $6,000
  • Maintenance Expense $2,575
  • Trash Expense $1,800
  • New Taxes Expense $6,764
  • Gross Income $60,000
  • Net Operating Income $33,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,914

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Directions: Take Rte 33 S to the US-209 S exit toward Lehighton ,Continue on US-209 S. Turn right after Mavis Discount Tire (on the right) onto Silver Valley Rd, destination will be on your right in just under a mile.
  • Prop. Type: Residential Income
  • Road Surface Type: Paved
  • Building Stories: 1
  • Year Built: 1937
  • PropertySubType: Multi Family
  • Lot Size Acres: 2.5
  • Co List Office Phone: 570-424-8131
  • MLS Status: Closed
  • Subdivision Name: None
  • ResoBuildingAreaSource: Public Records
  • Location Tax and Legal Parcel Number2: 02.4.1.48
  • Location Tax and Legal School Tax Amount2: 5624.23
  • Location Tax and Legal Tax Annual Amount2: 6914.18
  • Location Tax and Legal Zoning Description2: Residential
  • General Property Information Stories2: 1
  • General Property Information Lot Size Acres: 2.5
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • Water Source:Well: Yes
  • General Property Information Basement YN: No
  • Water Heater:Oil2: Yes
  • Cooling None4: Yes
  • Cooling WallWindow Unit(s): Yes
  • Water Heater Gas3: Yes
  • General Property Information Number Of Buildings2: 4.0
  • Income And Expenses New Taxes Expense: 6764.0
  • Cooling Separate Meters: Yes
  • Income And Expenses Maintenance Expense: 2575.0
  • Income And Expenses Fuel Expense: 800.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Water Heater
  • Basement YN: No

Exterior Features

  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Total Parking Spaces: 15.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Parking Total: 15.0
  • Parking Features:Paved2: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Wall/Window Unit(s), Separate Meters, Varies by Unit, None
  • Heating: Baseboard, Oil
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Baseboard: Yes
  • Sewer Septic Tank: Yes
  • Heating:Oil: Yes

Lot Info

  • Lot Size Sq Ft: 108900.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02.4.1.48
  • Zoning Description: Residential

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 6914.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Jan 7, 2022
Sold by
Martino David A and Estate Of Michael Vianello
Bought by
Silver Valley Apartments Llc
Seller's Agent
Dawn Chamberlain
D-N-A Property Management Co
Buyer's Agent
Jeff Thomas
Jeffrey L Thomas Real Estate
List Price
$428,700
Sold Price
$320,000
Premium/Discount to List
-$108,700
-25.36%
Current Estimated Value
$405,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,996
Avg. Annual Appreciation
6.45%
Original Mortgage
$260,000
Outstanding Balance
$239,622
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$166,374

Purchase Details

Closed on
Aug 17, 2011
Sold by
Eastern Realty Corp
Bought by
Vianello Michael

Purchase Details

Closed on
Oct 30, 2006
Sold by
Jackett Marc and Jackett Theresa
Bought by
Eastern Realty Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Silver Valley Apartments Llc $320,000 None Available
Vianello Michael $430,000 None Available
Eastern Realty Corp $400,000 Universal Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silver Valley Apartments Llc $260,000
Previous Owner Eastern Realty Corp $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $320,000 -25.4% $93 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $428,700 -- $124 / Sq Ft
Source: Pocono Mountains Association 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 $1,905 $238,840 $46,200 $192,640
2024 $1,585 $238,840 $46,200 $192,640
2023 $7,233 $238,840 $46,200 $192,640
2022 $7,036 $238,840 $46,200 $192,640
2021 $6,706 $238,840 $46,200 $192,640
2020 $6,914 $238,840 $46,200 $192,640
2019 $6,588 $36,960 $8,100 $28,860
2018 $6,514 $36,960 $8,100 $28,860
2017 $6,439 $36,960 $8,100 $28,860
2016 $1,024 $36,960 $8,100 $28,860
2015 -- $36,960 $8,100 $28,860
2014 -- $36,960 $8,100 $28,860
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Dawn Chamberlain

    D-N-A Property Management Co

  • J

    Buyer's Agent in 2022

    Jeff Thomas

    Jeffrey L Thomas Real Estate

    (570) 629-1950

    7 in this area

    41 Total Sales

    Jeff Thomas
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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-89518

Pocono Mountains Association of REALTORS®

APN: 02.4.1.48

Pennsylvania Monroe County Saylorsburg 18353

254 Silver Valley Rd, Saylorsburg, PA

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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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