NOT LISTED FOR SALE

2971 Lake Ariel Hwy Honesdale, PA 18431

Estimated Value: $460,000 - $977,000

4 Beds
3.5 Baths
4,207 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $640,000 $152 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,772/month

20 Days on Market

Highlights

  • Second Kitchen
  • Fireplace in Bedroom
  • Contemporary Architecture
  • Spa
  • Deck
  • Wooded Lot

About This Home

As of November 2021

It's not often that you can own a piece of history, but this could be your lucky day. This estate, once owned, designed, and built by the late Morris Wilkins may be one of the most spectacular and period important homes ever offered in this Northeastern PA market! Mr. Wilkins, one of the people identified with establishing his Cove Haven/Caesars World Resorts and Northeast Pennsylvania as ''The Honeymoon Capital of the World'' and the inventor/designer of the Heart Shaped and Champagne Glass Shaped Bathtubs, spared no cost in the design and build of this modern contemporary gem! Located in Honesdale, PA amidst the iconic Pocono Mountains region of Pennsylvania this property offers 12.1 acres of ultimate privacy. If you're looking to create an entertainment oasis, I guarantee you'll be, Beds Description: 1 BED 2nd, Beds Description: 2+Bed1st, Beds Description: 1 BED 2nd, Baths: 1 Bath Level 2, Baths: 1/2 Bath Lev 1, Baths: 2 Bath Lev 1, Eating Area: Formal DN Room

Last Agent to Sell the Property

Kent Swartz

Keller Williams Scranton Wilkes-Barre License #RS203832L Listed on: 08/30/2021

Keller Williams Scranton Wilkes-Barre

Last Buyer's Agent

NON-MEMBER

NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,662

Year Built

  • Built in 1969

Lot Details

  • 12.1 Acre Lot
  • Lot Dimensions are 1334x943x1067
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Zoning described as Rural Development

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Wood Roof
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 4,207 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Bedroom
  • Spa Bath

Outdoor Features

  • Spa
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Hot Water Heating System
  • Well
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 05-0-0274-0059

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,662

Year Built

Built in 1969

Lot Details

0

Parking

1

Listing Details

  • Directions: From Honesdale, Route 191S past turn to Owego Turnpike. After underpass, first house on right. See sign.
  • Lot Size Acres: 12.1
  • Prop. Type: Residential
  • Building Stories: 2
  • Subdivision Name: None
  • Year Built: 1969
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Cleared, Not In Development, Wooded, Sloped, Level
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Body Name: None
  • Architectural Style: Contemporary
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • Reso Interior Features: Eat-in Kitchen, Second Kitchen, Wet Bar, Pantry, Kitchen Island
  • Property Attached Yn: No
  • GasRightsReserved: None
  • SchoolTaxAmount: 7379.19
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Microwave, Electric Range, Electric Oven
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Spa Features: Bath
  • Private Spa: Yes
  • Basement: Crawl Space
  • Basement YN: No
  • Fireplace Features: Bedroom, Wood Burning, See Remarks, Other, Masonry, Living Room

Exterior Features

  • Roof: Asphalt, Wood, Flat, Fiberglass
  • Waterfront: No
  • Construction Type: Wood Siding
  • Patio And Porch Features: Deck
  • RoadFrontageLength: 1334.00

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Attached, Paved, Off Street, Garage Door Opener, Driveway
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Electric, Hot Water, Heat Pump, Forced Air
  • Sewer: Septic Tank, On Site Septic
  • Water Source: Well

Schools

  • Junior High Dist: Wayne Highlands

Lot Info

  • Lot Dimensions: 1334x943x1067
  • Parcel #: 05-0-0274-0059
  • Zoning Description: Rural Development

Tax Info

  • Tax Annual Amount: 9661.75
  • Tax Book Number: R-3077/11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Dec 9, 2021
Sold by
Arabia Carl F
Bought by
Vacation Home Property Investment Llc
Seller's Agent
Kent Swartz
Keller Williams Scranton Wilkes-Barre
Buyer's Agent
NON-MEMBER
NON-MEMBER OFFICE
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Current Estimated Value
$734,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,333
Avg. Annual Appreciation
3.70%
Original Mortgage
$520,000
Outstanding Balance
$480,407
Interest Rate
3.14%
Mortgage Type
Credit Line Revolving
Estimated Equity
$253,926

Purchase Details

Listed on
Aug 30, 2021
Closed on
Nov 10, 2021
Sold by
Arabia Carl F
Bought by
Vacation Home Property Investment Llc
Seller's Agent
Kent Swartz
Keller Williams Scranton Wilkes-Barre
Buyer's Agent
NON-MEMBER
NON-MEMBER OFFICE
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$480,407
Interest Rate
3.14%
Mortgage Type
Credit Line Revolving
Estimated Equity
$253,926

Purchase Details

Closed on
Jun 19, 2006
Sold by
Wilkins Morris B
Bought by
Arabia Carl F and Arabia Ann Marie
Source: Public Records

Range of Values:

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Average Value
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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
Vacation Home Property Investment Llc $640,000 None Listed On Document
Vacation Home Property Investment Llc $640,000 None Listed On Document
Arabia Carl F $395,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vacation Home Property Investment Llc $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $640,000 -1.5% $152 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $650,000 -- $155 / Sq Ft
Source: Pike/Wayne 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 $9,351 $564,200 $91,500 $472,700
2024 $8,921 $564,200 $91,500 $472,700
2023 $12,653 $564,200 $91,500 $472,700
2022 $9,817 $407,600 $52,000 $355,600
2021 $9,662 $407,600 $52,000 $355,600
2020 $9,662 $407,600 $52,000 $355,600
2019 $9,013 $407,600 $52,000 $355,600
2018 $8,772 $407,600 $52,000 $355,600
2017 $1,761 $407,600 $52,000 $355,600
2016 $6,287 $407,600 $52,000 $355,600
2014 -- $407,600 $52,000 $355,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kent Swartz

    Keller Williams Scranton Wilkes-Barre

    Section Image

  • N

    Buyer's Agent in 2021

    NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: Pike/Wayne Association of REALTORS®

MLS Number: PWB213475

Pike/Wayne Association of REALTORS®

APN: 002972

Pennsylvania Wayne County Honesdale 18431

2971 Lake Ariel Hwy, Honesdale, PA

This home is located at 2971 Lake Ariel Hwy, Honesdale, PA 18431 since 30 August 2021 and is currently estimated at $734,333, approximately $174 per square foot. This property was built in 1969. 2971 Lake Ariel Hwy is a home located in Wayne County with nearby schools including Honesdale High School and St. Vincent's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pike/Wayne Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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