NOT LISTED FOR SALE

304 Morse Ave Simpson, PA 18407

Estimated Value: $132,327 - $206,000

-- Bed
-- Bath
2,950 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $100,000 $34 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,056/month

1 Day on Market

About This Home

As of April 2021

Investors: this will be one of the winners in his portfolio. Can't lose with three fully rented units for approximately 6 years each apartment. Happy tenants want to stay. Landlord pays water, tenants pay their own gas and electric. Laundry hookups for each apartment and a storage area for the 1 bedroom at grade apartment too. Total taxes 1300 per year and two of the apartments are remodeled, one is mostly remodeled. Won't last. Make it yours., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1200.00, SqFt Fin - Main: 550.00, SqFt Fin - 2nd: 1200.00, Additional Info: No leases, month to month is the preference of the landlord so this is by choice. Plenty of offstreet parking for your tenants. Upstairs tenant shovels and cuts grass.

Last Agent to Sell the Property

Danielle Angeloni

ERA One Source Realty, Peckville License #AB067942 Listed on: 03/24/2021

ERA One Source Realty, Peckville

Last Buyer's Agent

Bob Connors

Christian Saunders Real Estate License #RS342012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,550

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Slab Foundation
  • Wood Roof
  • Composition Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 2,950 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Parking

  • 6 Parking Spaces
  • Driveway
  • Paved Parking

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 03519050017

Community Details

Overview

  • 3 Units

Building Details

  • Water Sewer Expense $1,800
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,550

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: From the Casey Highway exit at end (Whites Crossing) you are one mile from the home. Travel downhill off exit to first possible right into Whites Crossing then left at the light. Downhill to Morse Ave, home on left. Sign says Morss but its Morse. From Carbondale take 171 N to a right onto Morse (Morss). Pass Fell Inn, uphill, home on right.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.17
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1920
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Rectangular Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 2950
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 979.95
  • EnhancedAcccessible: No
  • WaterExpense: 1800.00
  • SewerExpense: 480.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

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

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Stone, Vinyl Siding
  • Foundation Details: Slab
  • RoadFrontageLength: 50.00

Garage/Parking

  • Parking Features: Asphalt, Paved, Driveway
  • Total Parking Spaces: 6

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric, See Remarks, Other, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Carbondale Area

Lot Info

  • Land Lease: No
  • Lot Dimensions: 50X150
  • Additional Parcels: No
  • Parcel #: 03519050017
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1550.1
  • Tax Book Number: 2019-16078

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 21600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 30, 2021
Sold by
Betti Greg M
Bought by
Ainey Richard L and Ainey Danielle L
Seller's Agent
Danielle Angeloni
ERA One Source Realty, Peckville
Buyer's Agent
Bob Connors
Christian Saunders Real Estate
List Price
$99,000
Sold Price
$100,000
Premium/Discount to List
$1,000
1.01%
Current Estimated Value
$173,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,832
Avg. Annual Appreciation
12.54%
Original Mortgage
$75,000
Outstanding Balance
$56,782
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$117,050

Purchase Details

Closed on
Oct 1, 2019
Sold by
Betti Michallene
Bought by
Betti Greg M

Purchase Details

Listed on
Aug 20, 2011
Closed on
Apr 5, 2013
Sold by
Stanton Michael and Stanton Catherine
Bought by
Betti Gregory M and Betti Michaellen
Seller's Agent
Christine Kovaleski
Henry E. Deecke Appraisals
Buyer's Agent
Christine Kovaleski
Henry E. Deecke Appraisals
List Price
$87,900
Sold Price
$68,500
Premium/Discount to List
-$19,400
-22.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$47,950
Interest Rate
3.52%
Mortgage Type
Commercial
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
Ainey Richard L $100,000 None Available
Betti Greg M -- None Available
Betti Gregory M $68,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ainey Richard L $75,000
Previous Owner Betti Gregory M $47,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2021 04/30/21 Sold $100,000 +1.0% $34 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $99,000 +44.5% $34 / Sq Ft
04/05/2013 04/05/13 Sold $68,500 -22.1% $29 / Sq Ft View Prior Sale
02/16/2013 02/16/13 Pending -- -- --
08/20/2011 08/20/11 For Sale $87,900 -- $37 / 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 $1,771 $7,500 $1,000 $6,500
2024 $1,575 $7,500 $1,000 $6,500
2023 $1,575 $7,500 $1,000 $6,500
2022 $1,564 $7,500 $1,000 $6,500
2021 $1,550 $7,500 $1,000 $6,500
2020 $1,550 $7,500 $1,000 $6,500
2019 $1,468 $7,500 $1,000 $6,500
2018 $1,435 $7,500 $1,000 $6,500
2017 $1,400 $7,500 $1,000 $6,500
2016 $431 $7,500 $1,000 $6,500
2015 -- $7,500 $1,000 $6,500
2014 -- $7,500 $1,000 $6,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Danielle Angeloni

    ERA One Source Realty, Peckville

    (570) 586-1111

    8 in this area

    237 Total Sales

    Danielle Angeloni
    Section Image
  • Bob Connors

    Buyer's Agent in 2021

    Bob Connors

    Christian Saunders Real Estate

    (570) 614-3624

    2 in this area

    117 Total Sales

    Bob Connors
    Section Image

  • C

    Seller's Agent in 2013

    Christine Kovaleski

    Henry E. Deecke Appraisals

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB21948

Greater Scranton Board of REALTORS®

APN: 03519050017

Pennsylvania Lackawanna County Simpson 18407

304 Morse Ave, Simpson, PA

Not Listed for Sale

MultiFamily

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.

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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