NOT LISTED FOR SALE

485 Bennett St Luzerne, PA 18709

Estimated Value: $248,589

Studio
-- Bath
5,280 Sq Ft
$47/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $170,000 $32 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,628/month

32 Days on Market

Highlights

  • Hot Water Heating System
  • Hot Water Baseboard Heater
  • 2-minute walk to Charles Street Park

About This Home

As of January 2021

Invest And Profit ! 5 Unit investment property with 3 residential apartments and 2 retail store fronts. Newer roof, 5 zone gas hot water heat and separate electric . High Traffic Location !

Last Agent to Sell the Property

Gerald Busch

Gerald L. Busch Real Estate, Inc. License #AB068419 Listed on: 10/04/2020

Last Buyer's Agent

John Shelley

Crossin Real Estate License #RS317082

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,413

Lot Details

  • Lot Dimensions are 50 x 86
  • Property is in good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Composition Shingle Roof
  • Stucco Exterior
  • Plaster

Interior Spaces

  • 5,280 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Hot Water Baseboard Heater
  • Hot Water Heating System

Community Details

Overview

  • 5 Units

Building Details

  • Fuel Expense $3,400
  • Water Sewer Expense $2,000
  • Real Estate Tax Expense $3,413
  • Gross Income $34,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,413

Lot Details

0

Listing Details

  • 3RdPartyREOOwner: Not Applicable
  • Foreclosedbank Ownedreo: No
  • Directions: Wyoming Ave Kingston to West Bennett Street proceed to Luzerne property will be on the right.
  • Est County Tax: 794.03
  • Estimated School Tax: 2225.22
  • EstTotalTax: 3413.32
  • Age: 76 - 100 Yrs
  • Expenses Annual Sewer Exp: 2000.00
  • Expenses Annual Water Exp: 3100.00
  • Listing Member Name: Gerald J. Busch, Jr.
  • Tax Municipality: Luzerne Boro
  • Prop. Type: B
  • PROPTYPE: Multi-Family
  • InteriorFinish: Drywall, Plaster
  • Building Style: 3 or More Units
  • Estimated Total Sq Ft: 5280.00
  • Unit1InfoElectricInRent: N
  • Unit1InfoHeatInRent: Y
  • Unit1InfoHotWaterInRent: Y
  • Unit1InfoSewerInRent: N
  • Unit1InfoWaterInRent: Y
  • Unit2InfoElectricInRent: N
  • Unit2InfoHeatInRent: Y
  • Unit2InfoHotWaterInRent: Y
  • Unit2InfoSewerInRent: Y
  • Unit2InfoWaterInRent: Y
  • Unit3InfoElectricInRent: N
  • Unit3InfoHeatInRent: Y
  • Unit3InfoHotWaterInRent: Y
  • Unit3InfoSewerInRent: Y
  • Unit3InfoWaterInRent: Y
  • Unit4InfoElectricInRent: N
  • Unit4InfoHeatInRent: Y
  • Unit4InfoHotWaterInRent: Y
  • Unit4InfoSewerInRent: N
  • Unit4InfoWaterInRent: Y
  • Unit5InfoElectricInRent: N
  • Unit5InfoHeatInRent: Y
  • Unit5InfoHotWaterInRent: Y
  • Unit5InfoSewerInRent: N
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full Unfinished
  • Limited Service: No

Exterior Features

  • Property Condition: Good
  • Exterior: Brick, Stucco
  • Roof: Comp Shingle

Utilities

  • Hvac Type: Wall Units
  • Heat Fuel Type: Gas
  • Heat Type: Hot Water Baseboard
  • Sewer: Public
  • Hot Water: Public

Condo/Co-op/Association

  • Number of Units: 5

Schools

  • School District: Wyoming Valley West

Lot Info

  • Lot Size: 50 x 86
  • Zoning: Other - See Remarks

Multi Family

  • Income And Expenses Annual Gas Exp: 3400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2020
Closed on
Jan 15, 2021
Sold by
Bel Worth Management Services Llc
Bought by
Nv Rentals Llc
Seller's Agent
Gerald Busch
Gerald L. Busch Real Estate, Inc.
Buyer's Agent
John Shelley
Crossin Real Estate
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Current Estimated Value
$248,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,589
Avg. Annual Appreciation
7.85%
Original Mortgage
$127,500
Outstanding Balance
$113,794
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$134,795

Purchase Details

Closed on
Feb 26, 2018
Sold by
Mgem Realty Llc
Bought by
Bel Worth Management Services Llc

Purchase Details

Closed on
Feb 27, 2015
Sold by
Falzone John S and Falzone Mary C
Bought by
Mgem Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 14, 1972
Bought by
Falzone John and Falzone Mary
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
Nv Rentals Llc $170,000 None Available
Bel Worth Management Services Llc $150,000 None Available
Mgem Realty Llc $158,000 None Available
Falzone John $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nv Rentals Llc $127,500
Previous Owner Mgem Realty Llc $126,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $170,000 -5.5% $32 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $179,900 -- $34 / Sq Ft
Source: Luzerne County Association of REALTORS®

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 $3,713 $128,700 $24,800 $103,900
2024 $3,703 $128,700 $24,800 $103,900
2023 $3,623 $128,700 $24,800 $103,900
2022 $3,529 $128,700 $24,800 $103,900
2021 $3,413 $128,700 $24,800 $103,900
2020 $3,413 $128,700 $24,800 $103,900
2019 $3,262 $128,700 $24,800 $103,900
2018 $3,108 $128,700 $24,800 $103,900
2017 $3,038 $128,700 $24,800 $103,900
2016 -- $128,700 $24,800 $103,900
2015 -- $128,700 $24,800 $103,900
2014 -- $128,700 $24,800 $103,900
Source: Public Records

Agents Affiliated with this Home

  • Gerald Busch

    Seller's Agent in 2021

    Gerald Busch

    Gerald L. Busch Real Estate, Inc.

    (570) 709-7798

    26 in this area

    112 Total Sales

    Gerald Busch
    Section Image

  • J

    Buyer's Agent in 2021

    John Shelley

    Crossin Real Estate

    (570) 288-0770

    1 in this area

    73 Total Sales

    John Shelley
    Section Image
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Map

Source: Luzerne County Association of REALTORS®

MLS Number: 20-4369

APN: 41-G9NE2-012-001-000

Pennsylvania Luzerne County Luzerne 18709

485 Bennett St, Luzerne, PA

Not Listed for Sale

MultiFamily

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