Seller's Agent in 2024
Christine Ives Polizzi
EXP Realty LLC
(570) 561-7189
18 in this area
188 Total Sales
401 Smith St Dunmore, PA 18512
Estimated Value: $256,000 - $412,000
8
Beds
4
Baths
3,800
Sq Ft
$92/Sq Ft
Est. Value
About This Home
As of July 2024HIGHEST AND BEST BY 5/29 12 NOON.Clean and Spacious DUNMORE 4 UNIT- INSIDE IS BEAUTIFUL!*Great Investment opportunity! Mo. to Mo. Tenants. Separate Electric. 10.8% cap rate when fully occupied.Nestled in a prime location in Dunmore! Don't let the outside fool you! This four-unit is a hidden gem that is a golden opportunity! Two beautifully remodeled apartments and the two others in great condition. Ensuring both value and quality, this property promises steady returns and potential for growth. Currently two of the four units are rented on a month-to-month lease. Separate electric meters for each unit and a whopping 10.8% cap rate when fully rented. Ideal for investors or owner-occupiers looking to collect rent, seize this lucrative opportunity before it slips away!
Last Agent to Sell the Property
EXP Realty LLC License #RS360064 Listed on: 05/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,351
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 37x103x37x109
- Corner Lot
Home Design
- Quadruplex
- Asphalt Roof
- Stucco
Interior Spaces
- 3,800 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Parking Pad
- On-Street Parking
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Exclusions: All tenant owned appliances.
- Tenant pays for electricity
- The owner pays for gas, water, taxes
- Assessor Parcel Number 14616060066
- $14,000 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- Insurance Expense $1,200
- Water Sewer Expense $4,700
- Gross Income $51,060
- Net Operating Income $37,710
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2024
Closed on
Jul 8, 2024
Sold by
Errico Vitino
Bought by
Brekman Ariel
Seller's Agent
Christine Ives Polizzi
EXP Realty LLC
Buyer's Agent
Faye Morris
EXP Realty LLC
List Price
$349,000
Sold Price
$365,000
Premium/Discount to List
$16,000
4.58%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,030
Avg. Annual Appreciation
-1.76%
Original Mortgage
$346,750
Outstanding Balance
$344,106
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$13,262
Purchase Details
Closed on
Apr 27, 2022
Sold by
Lambo Realty Llc
Bought by
Errico Vito
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 14, 2018
Sold by
Leonard A Verrastro Est
Bought by
Lambo Realty Llc
Purchase Details
Closed on
Jul 21, 1995
Bought by
Verrastro Leonard A and Verrastro Angelina G
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brekman Ariel | $365,000 | Golden Dome Abstract | |
| Errico Vito | $265,000 | Brazil John J | |
| Lambo Realty Llc | $73,000 | None Available | |
| Verrastro Leonard A | $55,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brekman Ariel | $346,750 | |
| Previous Owner | Errico Vito | $198,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2024 07/19/24 | Sold | $365,000 | +4.6% | $96 / Sq Ft |
| 05/29/2024 05/29/24 | Pending | -- | -- | -- |
| 05/22/2024 05/22/24 | For Sale | $349,000 | -- | $92 / Sq Ft |
Source: Greater Scranton Board of REALTORS®
Tax History Compared to Growth
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 | $4,178 | $14,000 | $650 | $13,350 |
| 2024 | $3,572 | $14,000 | $650 | $13,350 |
| 2023 | $3,572 | $14,000 | $650 | $13,350 |
| 2022 | $3,351 | $14,000 | $650 | $13,350 |
| 2021 | $3,284 | $14,000 | $650 | $13,350 |
| 2020 | $3,284 | $14,000 | $650 | $13,350 |
| 2019 | $3,141 | $14,000 | $650 | $13,350 |
| 2018 | $3,089 | $14,000 | $650 | $13,350 |
| 2017 | $3,000 | $14,000 | $650 | $13,350 |
| 2016 | $1,580 | $14,000 | $650 | $13,350 |
| 2015 | -- | $14,000 | $650 | $13,350 |
| 2014 | -- | $14,000 | $650 | $13,350 |
Source: Public Records
Agents Affiliated with this Home
-
Christine Ives Polizzi
-
Faye Morris
Seller Co-Listing Agent in 2024
Faye Morris
EXP Realty LLC
(570) 468-5270
2 in this area
6 Total Sales
Map
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC2659
APN: 14616060066
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.
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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