NOT LISTED FOR SALE

506 Broadway St Scranton, PA 18505

Hyde Park Neighborhood

Estimated Value: $198,439

Studio
4 Baths
3,400 Sq Ft
$58/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $172,000 $51 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,320/month

2 Days on Market

About This Home

As of April 2023

Investment opportunity in great location! 4 Units + 3 bay garage. Garages are all currently rented at $150/mo with great tenants. 1st fl unit is commercial space and vacant. Not updated and needs some love. AS IS., Old Kitchen: Y, Tax Information: Available, Kitchen: Old, Baths: SemiMod, SqFt Fin - 3rd: 1000.00, SqFt Fin - Main: 1200.00, SqFt Fin - 2nd: 1200.00

Last Agent to Sell the Property

Aly Diaz

EXP Realty LLC License #RS356768 Listed on: 03/29/2023

EXP Realty LLC

Last Buyer's Agent

Thomas Meyer

Berkshire Hathaway Home Services Preferred Properties License #RS346125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,342

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 30x150

Parking

  • 6 Car Garage
  • On-Street Parking

Home Design

  • Wood Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,400 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1564101001204
  • $26,000 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $2,045
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,342

Year Built

Built in 1950

Lot Details

0

Parking

6

Listing Details

  • Directions: Main St to Luzerne St, Left on Railroad, Right on Broadway, Property on left.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.1
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1950
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Other, See Remarks
  • Road Frontage Type: Other
  • Above Grade Finished Sq Ft: 3400
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 1903.93
  • EnhancedAcccessible: No
  • WaterExpense: 2045.00
  • SewerExpense: 1420.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Vinyl Siding
  • RoadFrontageLength: 30.00

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Garage, See Remarks, Other, On Street

Utilities

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

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 30x150
  • Additional Parcels: No
  • Parcel #: 1564101001204
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3341.91
  • Tax Book Number: 2018/11289
  • Tax Other Annual Assessment Amount: 26000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 25200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2023
Closed on
Apr 20, 2023
Sold by
Suarez Miguel
Bought by
Paramo David
Seller's Agent
Aly Diaz
EXP Realty LLC
Buyer's Agent
Thomas Meyer
Berkshire Hathaway Home Services Preferred Properties
List Price
$170,000
Sold Price
$172,000
Premium/Discount to List
$2,000
1.18%
Current Estimated Value
$198,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,439
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Jan 3, 2017
Closed on
Jun 29, 2018
Sold by
Canovas Mary Colleen and Foley Kathryn M
Bought by
Suarez Miguel
Seller's Agent
MICHAEL TIGHE
CLASSIC PROPERTIES
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$148,000
Sold Price
$80,000
Premium/Discount to List
-$68,000
-45.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.33%

Purchase Details

Closed on
Aug 21, 2008
Sold by
Slack Gregory and Slack Joann
Bought by
Foley J Brian
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
Paramo David $172,000 None Listed On Document
Suarez Miguel $80,000 None Available
Foley J Brian $85,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2023 04/20/23 Sold $172,000 +1.2% $51 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $170,000 +112.5% $50 / Sq Ft
07/05/2018 07/05/18 Sold $80,000 -45.9% $23 / Sq Ft View Prior Sale
04/25/2018 04/25/18 Pending -- -- --
01/03/2017 01/03/17 For Sale $148,000 -- $42 / 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 $3,395 $10,200 $2,200 $8,000
2024 $3,110 $10,200 $2,200 $8,000
2023 $3,110 $10,200 $2,200 $8,000
2022 $3,042 $10,200 $2,200 $8,000
2021 $3,042 $10,200 $2,200 $8,000
2020 $2,987 $10,200 $2,200 $8,000
2019 $2,812 $10,200 $2,200 $8,000
2018 $2,812 $10,200 $2,200 $8,000
2017 $2,764 $10,200 $2,200 $8,000
2016 $916 $10,200 $2,200 $8,000
2015 $2,095 $10,200 $2,200 $8,000
2014 -- $10,200 $2,200 $8,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Aly Diaz

    EXP Realty LLC

    Section Image

  • T

    Buyer's Agent in 2023

    Thomas Meyer

    Berkshire Hathaway Home Services Preferred Properties

  • M

    Seller's Agent in 2018

    MICHAEL TIGHE

    CLASSIC PROPERTIES

  • N

    Buyer's Agent in 2018

    NON MEMBER

    NON MEMBER

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB231118

Greater Scranton Board of REALTORS®

APN: 1564101001201

Pennsylvania Lackawanna County Scranton 18505 Hyde Park

506 Broadway St, Scranton, PA

Not Listed for Sale

MultiFamily

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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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