NOT LISTED FOR SALE

404 Railroad Ave Unit L4 Scranton, PA 18505

Hyde Park Neighborhood

Estimated Value: $294,000 - $309,282

15 Beds
6 Baths
4,954 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $290,000 $59 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,021/month

43 Days on Market

About This Home

As of March 2024

Looking for an investment opportunity in Scranton? How about two buildings?Now is your chance to scoop up these multi-family properties! Building 1 (404 Railroad Ave) offers two units, one of which has 2 bedrooms/1 bath and the other has 1 bedroom/1 bath. Building 2 (509-511 Luzerne St) boasts one unit with 7 bedrooms and 2 bathrooms, and another unit that offers 5 bedrooms and 2 bathrooms.

Last Agent to Sell the Property

William Chupko

Keller Williams Real Estate-Clarks Summit License #RS336156 Listed on: 12/12/2023

Keller Williams Real Estate-Clarks Summit

Last Buyer's Agent

William Chupko

Keller Williams Real Estate-Clarks Summit License #RS336156 Listed on: 12/12/2023

Keller Williams Real Estate-Clarks Summit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,024

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x45x108x100

Home Design

  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 4,954 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15648010020
  • $14,000 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $2,400
  • Insurance Expense $1,600
  • Water Sewer Expense $4,200
  • Gross Income $55,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,024

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: From S Washington Ave turn left onto E Elm St. Turn right onto 4th Ave and make a slight left onto Railroad Ave. Turn left onto Luzerne St and the destination will be on the left.
  • Lot Size Acres: 0.2
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 4954
  • Architectural Style: See Remarks, Multiple Buildings
  • New Construction: No
  • Reso Other Structures: See Remarks
  • Reso Structure Type: Multi Family
  • AuctionYN: No
  • SchoolTaxAmount: 2069.88
  • EnhancedAcccessible: No
  • WaterExpense: 4200.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 15
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding, Wood Siding

Utilities

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

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R-2
  • Current Use: Multi-Family
  • Lot Dimensions: 60X45X108X100
  • Parcel #: 15648010020

Tax Info

  • Tax Year: 2023
  • New Taxes Expense: 5024
  • Tax Annual Amount: 4024
  • Tax Book Number: 2021/13913
  • Tax Other Annual Assessment Amount: 14000

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 2400
  • Annual Gross Income: 55500
  • Insurance Expense: 1600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Feb 21, 2024
Sold by
616 Investments Llc
Bought by
Mosquera John F
Seller's Agent
William Chupko
Keller Williams Real Estate-Clarks Summit
Buyer's Agent
William Chupko
Keller Williams Real Estate-Clarks Summit
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%
Views
85
Current Estimated Value
$301,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,877
Avg. Annual Appreciation
-0.58%
Original Mortgage
$275,500
Outstanding Balance
$272,273
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$15,327

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jun 17, 2021
Sold by
Shree Yamunaji Llc
Bought by
616 Investments Llc
Seller's Agent
Stephen Franco
Berkshire Hathaway Home Services Preferred Properties
Buyer's Agent
Steve Franco
Gorilla Real Estate LLC
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.24%
Original Mortgage
$1,416,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 2016
Sold by
Uppala Anjaneyulu
Bought by
Shree Yamunaji Llc

Purchase Details

Closed on
May 21, 2015
Sold by
Cook Thomas J
Bought by
Uppala Anjaneyulu

Purchase Details

Closed on
Apr 8, 2013
Sold by
Cook Thomas J and Cook Anaisis
Bought by
Cook Thomas J

Purchase Details

Closed on
Jun 28, 2010
Sold by
Scialpi Vincent E and Scialpi Beth Ann
Bought by
Cook Thomas J and Cook Anaisis
Source: Public Records

Range of Values:

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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
Mosquera John F $290,000 None Listed On Document
616 Investments Llc $308,000 None Available
Shree Yamunaji Llc $60,000 None Available
Uppala Anjaneyulu $80,000 None Available
Cook Thomas J -- None Available
Cook Thomas J $39,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosquera John F $275,500
Previous Owner 616 Investments Llc $1,416,000
Previous Owner Shree Yamunaji Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2024 03/04/24 Sold $290,000 -6.5% $59 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
12/12/2023 12/12/23 For Sale $310,000 +55.0% $63 / Sq Ft
07/22/2021 07/22/21 Sold $200,000 0.0% $67 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $200,000 -- $67 / 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 $4,410 $14,000 $1,750 $12,250
2024 $4,024 $14,000 $1,750 $12,250
2023 $4,024 $14,000 $1,750 $12,250
2022 $3,935 $14,000 $1,750 $12,250
2021 $3,935 $14,000 $1,750 $12,250
2020 $3,860 $14,000 $1,750 $12,250
2019 $3,629 $14,000 $1,750 $12,250
2018 $3,629 $14,000 $1,750 $12,250
2017 $3,563 $14,000 $1,750 $12,250
2016 $1,026 $14,000 $1,750 $12,250
2015 -- $14,000 $1,750 $12,250
2014 -- $14,000 $1,750 $12,250
Source: Public Records

Agents Affiliated with this Home

  • William Chupko

    Seller's Agent in 2024

    William Chupko

    Keller Williams Real Estate-Clarks Summit

    (570) 862-2230

    26 in this area

    175 Total Sales

    Section Image

  • S

    Seller's Agent in 2021

    Stephen Franco

    Berkshire Hathaway Home Services Preferred Properties

  • S

    Buyer's Agent in 2021

    Steve Franco

    Gorilla Real Estate LLC

    (570) 798-7051

    10 in this area

    65 Total Sales

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC268

Greater Scranton Board of REALTORS®

APN: 15648010020

Pennsylvania Lackawanna County Scranton 18504 Hyde Park

404 Railroad Ave Unit L4, Scranton, PA

This home is located at 404 Railroad Ave Unit L4, Scranton, PA 18505 since 12 December 2023 and is currently estimated at $303,094, approximately $61 per square foot. This property was built in 1930. 404 Railroad Ave Unit L4 is a home located in Lackawanna County with nearby schools including Frances Willard School, West Scranton Intrmd School, and Scranton High 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.

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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