NOT LISTED FOR SALE

317 S River St Wilkes Barre, PA 18702

Estimated Value: $260,000 - $363,000

-- Bed
-- Bath
3,500 Sq Ft
$93/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $235,000 $67 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,029/month

208 Days on Market

Highlights

  • Home Security System
  • Level Lot
  • Wood Siding

About This Home

As of May 2021

CASH FLOW!! GREAT INVESTMENT!! This huge duplex that includes 2 kitchens, 2 bathrooms, 8 bedrooms, and on site laundry is right down the street from Wilkes University! Currently it is fully rented out to university students who have already signed full year leases up into next June. Not only did the owner make some important renovations, but this investment property can be renovated into a 10 bedroom house. Being in close proximately to the university it includes off street parking and security systems that insures the safety of the renters and home owner. DO NOT MISS OUT!!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 800.00, SqFt Fin - Main: 1500.00, SqFt Fin - 2nd: 1200.00

Last Agent to Sell the Property

Corey Christian

ERA One Source Realty, Peckville License #RS348877 Listed on: 09/07/2020

Last Buyer's Agent

NON MEMBER

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1870

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Level Lot
  • Land Lease

Home Design

  • Duplex
  • Wood Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Gas Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 73H9SE4008027

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $900
  • Gross Income $39,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,226

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Directions: COMING FROM S WILKES-BARRE BLVD TURN RIGHT TO E SOUTH ST. THEN TURN LEFT ONTO S RIVER ST. HOME IS HALF MILE ON THE RIGHT.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.16
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1870
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Gas Dryer Hookup
  • ResoLotFeatures: Level
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s), Security System
  • Above Grade Finished Sq Ft: 3500
  • Architectural Style: Duplex Up & Down
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • EnhancedAcccessible: No
  • WaterExpense: 900.00
  • SewerExpense: 900.00
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

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

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Wood Siding
  • RoadFrontageLength: 50.00

Garage/Parking

  • Parking Features: Concrete, Paved, On Street, Off Street, Driveway

Utilities

  • Cooling: None
  • Heating: Natural Gas, Oil
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Wilkes-Barre Area

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 50X140
  • Additional Parcels: No
  • Parcel #: 73H9SE4008027
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4226
  • Tax Book Number: 3019/052052

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39360

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2020
Closed on
May 7, 2021
Sold by
Marlow Craig and Marlow Lauren
Bought by
Galaxy Rentals Llc
Seller's Agent
Corey Christian
ERA One Source Realty, Peckville
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$239,900
Sold Price
$235,000
Premium/Discount to List
-$4,900
-2.04%
Current Estimated Value
$323,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,784
Avg. Annual Appreciation
7.36%
Original Mortgage
$176,250
Outstanding Balance
$132,934
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$190,850

Purchase Details

Closed on
Mar 14, 2019
Sold by
Overholt Ronald W
Bought by
Marlow Craig and Marlow Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Galaxy Rentals Llc $235,000 Fox Ridge Abstract
Marlow Craig $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galaxy Rentals Llc $176,250
Previous Owner Marlow Craig $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $235,000 -2.0% $67 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
09/07/2020 09/07/20 For Sale $239,900 -- $69 / 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 $24,369 $146,700 $23,700 $123,000
2024 $24,369 $146,700 $23,700 $123,000
2023 $24,369 $146,700 $23,700 $123,000
2022 $24,342 $146,700 $23,700 $123,000
2021 $24,342 $146,700 $23,700 $123,000
2020 $24,342 $146,700 $23,700 $123,000
2019 $24,256 $146,700 $23,700 $123,000
2018 $24,169 $146,700 $23,700 $123,000
2017 $24,082 $146,700 $23,700 $123,000
2016 -- $146,700 $23,700 $123,000
2015 $802 $146,700 $23,700 $123,000
2014 $802 $146,700 $23,700 $123,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB203658

Greater Scranton Board of REALTORS®

APN: 73-H9SE4-008-027-000