NOT LISTED FOR SALE

423 E Elm St Scranton, PA 18505

South Side Neighborhood

Estimated Value: $254,000 - $282,000

-- Bed
-- Bath
3,127 Sq Ft
$84/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $255,000 $82 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,732/month

24 Days on Market

Highlights

  • Deck
  • Heating System Uses Steam
  • Space Heater
  • Porch
  • Laundry Facilities

About This Home

As of January 2024

This well maintained 5 unit is the perfect investment opportunity . One unit is vacant recently freshened and ready to rent. The four other units have good long term tenants. Potential yearly net of over $30,000 with market rate rents., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1301.00, SqFt Fin - 2nd: 1301.00

Last Agent to Sell the Property

John Patchoski

Lewith & Freeman RE, Inc. License #RS332958 Listed on: 11/08/2023

Last Buyer's Agent

Beth Gravener

Revolve Real Estate License #RS350093

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,844

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 70x90

Parking

  • On-Street Parking

Home Design

  • Wood Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range
  • Gas Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15619040047
  • $3,550 per year additional tax assessments

Community Details

Building Details

  • Water Sewer Expense $6,000
  • Gross Income $38,100

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,844

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: From I81 take exit 185 toward expressway. Take exit toward Steamtown. Follow to Cedar Ave. Turn left on River St then right onto Pittston Ave. Turn Rtight on E Elm St. Property on the right.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.15
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1940
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area, Gas Dryer Hookup
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Trash
  • Above Grade Finished Sq Ft: 2602
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 1774.18
  • EnhancedAcccessible: No
  • WaterExpense: 6000.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No
  • Below Grade Sq Ft: 525

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 70.00

Garage/Parking

  • Parking Features: None, On Street

Utilities

  • Cooling: None
  • Heating: Natural Gas, Steam, Space Heater
  • Water Source: Public

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 70X90
  • Additional Parcels: No
  • Parcel #: 15619040047
  • Zoning Description: Commercial

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3844.34
  • Tax Book Number: 200442720
  • Tax Other Annual Assessment Amount: 3550

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 38100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Jan 11, 2024
Sold by
Zaleski George
Bought by
Rugel Dream Properties Llc
Seller's Agent
John Patchoski
Lewith & Freeman RE, Inc.
Buyer's Agent
Beth Gravener
Revolve Real Estate
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%
Views
59
Current Estimated Value
$261,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,904
Avg. Annual Appreciation
1.43%

Purchase Details

Closed on
Nov 19, 2004
Bought by
Zaleski George
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
Rugel Dream Properties Llc $255,000 None Listed On Document
Zaleski George $105,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2024 01/11/24 Sold $255,000 -8.6% $82 / Sq Ft
12/02/2023 12/02/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $279,000 -- $89 / 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 $4,183 $12,000 $3,550 $8,450
2024 $3,844 $12,000 $3,550 $8,450
2023 $3,844 $12,000 $3,550 $8,450
2022 $3,760 $12,000 $3,550 $8,450
2021 $3,760 $12,000 $3,550 $8,450
2020 $3,696 $12,000 $3,550 $8,450
2019 $3,483 $12,000 $3,550 $8,450
2018 $3,483 $12,000 $3,550 $8,450
2017 $3,427 $12,000 $3,550 $8,450
2016 $1,253 $12,000 $3,550 $8,450
2015 $2,630 $12,000 $3,550 $8,450
2014 -- $12,000 $3,550 $8,450
Source: Public Records

Agents Affiliated with this Home

  • John Patchoski

    Seller's Agent in 2024

    John Patchoski

    Lewith & Freeman RE, Inc.

    (570) 575-3278

    9 in this area

    47 Total Sales

    John Patchoski
    Section Image

  • B

    Buyer's Agent in 2024

    Beth Gravener

    Revolve Real Estate

    (570) 800-6861

    9 in this area

    52 Total Sales

    Beth Gravener
    Section Image
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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB234902

Greater Scranton Board of REALTORS®

APN: 15619040047

Pennsylvania Lackawanna County Scranton 18505 South Side

423 E Elm St, Scranton, PA

Not Listed for Sale

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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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