NOT LISTED FOR SALE

2591 Route 940 Pocono Summit, PA 18346

Estimated Value: $634,372

-- Bed
1 Bath
4,000 Sq Ft
$159/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $265,000 $66 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,508/month

43 Days on Market

About This Home

As of July 2017

Retail and office investment for sale in Pocono Summit. The four-unit property consists of a pizzeria, eye doctor, accountant and vacant office. The 4,000 square foot free-standing building is situated on 0.92 acre along State Route 940.

Last Agent to Sell the Property

Daniel Perich

KW Commercial - Stroudsburg License #RM425687 Listed on: 02/21/2017

KW Commercial - Stroudsburg

Last Buyer's Agent

General Public

Greater Lehigh Valley REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,021

Year Built

  • Built in 1970

Lot Details

  • 0.92

Home Design

  • 4,000 Sq Ft Home
  • Commercial or Retail Space

Parking

  • 10 Parking Spaces
  • Unpaved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 19634503427820

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $900
  • Insurance Expense $2,500
  • Maintenance Expense $2,700
  • Trash Expense $1,750
  • Operating Expense $18,207
  • Gross Income $54,000
  • Net Operating Income $35,793

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,021

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 28210.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Square Footage: 4000

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: Central AC
  • Heat Type: Forced Air
  • Sewer: Septic
  • Water: Well
  • Electric: 900
  • Insurance: 2500
  • Trash Removal: 1750

Condo/Co-op/Association

  • Maintenance Repair: 2700

Fee Information

  • Operating Expense: 18207

Lot Info

  • Zoning Code: C

Tax Info

  • Assessor Parcel Number: 19634503427820

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Pocono Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Baxter Mary F
Bought by
Mary F Baxter Family Trust
Current Estimated Value
$634,372

Purchase Details

Listed on
Feb 21, 2017
Closed on
Jun 8, 2017
Sold by
Johnseb Johnseb J and Johnseb Laurie L
Bought by
Baxter Mary
Seller's Agent
Daniel Perich
KW Commercial - Stroudsburg
Buyer's Agent
General Public
Greater Lehigh Valley REALTORS
List Price
$299,000
Sold Price
$265,000
Premium/Discount to List
-$34,000
-11.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%
Original Mortgage
$150,000
Interest Rate
3.94%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 15, 2011
Sold by
Johnsen J Arthur and Johnsen Laurie L
Bought by
Johnsen J Arthur and Johnsen Laurie J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Mary F Baxter Family Trust -- Dugalic & Landau Pc
Baxter Mary $265,000 None Available
Johnsen J Arthur -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baxter Mary $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $265,000 -11.4% $66 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $299,000 -- $75 / Sq Ft
Source: Greater Lehigh Valley 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 $2,021 $253,340 $96,800 $156,540
2024 $1,641 $253,340 $96,800 $156,540
2023 $6,442 $253,340 $96,800 $156,540
2022 $6,352 $253,340 $96,800 $156,540
2021 $6,352 $253,340 $96,800 $156,540
2020 $6,352 $253,340 $96,800 $156,540
2019 $4,845 $28,210 $8,940 $19,270
2018 $4,845 $28,210 $8,940 $19,270
2017 $4,901 $28,210 $8,940 $19,270
2016 $1,028 $28,210 $8,940 $19,270
2015 -- $28,210 $8,940 $19,270
2014 -- $28,210 $8,940 $19,270
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Daniel Perich

    KW Commercial - Stroudsburg

    Section Image

  • G

    Buyer's Agent in 2017

    General Public

    Greater Lehigh Valley REALTORS

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 539336

Greater Lehigh Valley REALTORS®

APN: 19.4B.1.199

Pennsylvania Monroe County Pocono Summit 18346

2591 Route 940, Pocono Summit, PA

Not Listed for Sale

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