NOT LISTED FOR SALE

503 Arthur Ave Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $262,000 - $455,000

Studio
-- Bath
4,208 Sq Ft
$80/Sq Ft Est. Value

Last Sold August 29, 2016

Last sale price $185,000 $44 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,366/month

524 Days on Market

About This Home

As of August 2016

Great property with many options, live in the first floor and collect rent for the second floor or just use this home for a great investment. Wonderful rents $1200 + utilities each floor. Open floor plan and a fireplace in each unit., Modern Kitchen: Y, Old Kitchen: Y, Tax Information: Available, Kitchen: Modern,Old, Baths: SemiMod,Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2104.00, SqFt Fin - 2nd: 2104.00

Last Agent to Sell the Property

MARGARET TORBIK

Lewith & Freeman Kingston License #RS199985L Listed on: 02/10/2015

Last Buyer's Agent

Paul Marcks

Wayne Evans Realty License #AB068535

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x120

Home Design

  • Duplex
  • Wood Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,208 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Gas Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Parking

  • 24 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

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

Community Details

  • 2 Units
  • Gross Income $28,000

Listing and Financial Details

  • Assessor Parcel Number 15710040059
  • $19,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Directions: Mulberry Street to top of hill, left on Arthur.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.13
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1945
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Gas Dryer Hookup, None
  • Road Surface Type: Paved
  • Reso Association Amenities: Trash
  • Above Grade Finished Sq Ft: 4208
  • Architectural Style: Duplex Up & Down
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2287.51
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 73.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

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

Garage/Parking

  • Parking Features: Asphalt, Paved, Off Street, Driveway
  • Total Parking Spaces: 24

Utilities

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

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 50X120
  • Additional Parcels: No
  • Parcel #: 15710040059
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5655.86
  • Tax Book Number: 2008-17067
  • Tax Other Annual Assessment Amount: 19000

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2015
Closed on
Aug 24, 2016
Sold by
Lee Jeffrey Y
Bought by
Blankenship Leanna and Cavanagh Kathleen
Seller's Agent
MARGARET TORBIK
Lewith & Freeman Kingston
Buyer's Agent
Paul Marcks
Wayne Evans Realty
List Price
$255,000
Sold Price
$185,000
Premium/Discount to List
-$70,000
-27.45%
Current Estimated Value
$337,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,683
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Jun 24, 2008
Sold by
Cicerini Gary
Bought by
Lee Jeffrey Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.13%
Mortgage Type
Commercial
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
Blankenship Leanna $185,000 Attorney
Lee Jeffrey Y $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Jeffrey Y $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $185,000 +1441.7% $44 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
07/28/2015 07/28/15 Rented $12,000 -95.3% --
07/28/2015 07/28/15 Under Contract -- -- --
02/10/2015 02/10/15 For Sale $255,000 0.0% $61 / Sq Ft
02/10/2015 02/10/15 For Rent $1,200 -91.7% --
10/31/2014 10/31/14 Rented $14,400 +1007.7% --
10/30/2014 10/30/14 Under Contract -- -- --
07/06/2014 07/06/14 For Rent $1,300 -91.0% --
03/05/2014 03/05/14 Rented $14,400 +1100.0% --
03/05/2014 03/05/14 Under Contract -- -- --
01/10/2014 01/10/14 For Rent $1,200 -- --
Source: Greater Scranton Board 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 $7,081 $19,000 $7,950 $11,050
2024 $6,536 $19,000 $7,950 $11,050
2023 $6,536 $19,000 $7,950 $11,050
2022 $6,394 $19,000 $7,950 $11,050
2021 $6,394 $19,000 $7,950 $11,050
2020 $6,292 $19,000 $7,950 $11,050
2019 $5,939 $19,000 $7,950 $11,050
2018 $5,939 $19,000 $7,950 $11,050
2017 $5,850 $19,000 $7,950 $11,050
2016 $2,407 $19,000 $7,950 $11,050
2015 $4,565 $19,000 $7,950 $11,050
2014 -- $19,000 $7,950 $11,050
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    MARGARET TORBIK

    Lewith & Freeman Kingston

  • P

    Buyer's Agent in 2016

    Paul Marcks

    Wayne Evans Realty

    (570) 241-1687

    5 in this area

    104 Total Sales

    Paul Marcks
    Section Image
  • Melissa LeStrange

    Buyer's Agent in 2015

    Melissa LeStrange

    REALTY NETWORK GROUP

    (570) 650-6742

    2 in this area

    40 Total Sales

    Melissa LeStrange
    Section Image

  • P

    Buyer's Agent in 2014

    Pam Shotto

    Touchstone Realty by Pam Shotto

    (570) 842-1111

    3 in this area

    67 Total Sales

    Pam Shotto
    Section Image

  • P

    Buyer's Agent in 2014

    PAMELA SHOTTO

    VALLEY ASSOCIATES REALTY

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB15552

Greater Scranton Board of REALTORS®

APN: 15710040059

Pennsylvania Lackawanna County Scranton 18510 Hill Section

503 Arthur Ave, Scranton, PA

Not Listed for Sale

MultiFamily

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® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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