NOT LISTED FOR SALE

506 Harrison Ave Unit 508 Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $201,000 - $276,000

6 Beds
2.5 Baths
1,206 Sq Ft
$201/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $193,000 $160 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,655/month

126 Days on Market

About This Home

As of February 2024

Discover this fantastic 2-unit property that presents a lucrative investment opportunity for savvy buyers. Both units boast spacious layouts with a wealth of potential.Unit 508- Generous 3 bedrooms and 1 & 1/2 baths provide ample space for comfortable living.The third floor offers 3 additional rooms, just waiting for your personal touch to unlock their full potential.Unit 506- This unit is a canvas for creative updating and customization. Equipped with 3 bedrooms and 1 full bath, it offers comfortable and convenient living.The third floor also provides expansive space with 3 extra rooms, offering endless possibilities for future use.This property is Section 8 approved, making it an attractive option for tenants seeking quality housing.Both units are currently occupied, providing immediate rental income to the investor. With a little vision and TLC, you can transform this property into a cash-flow powerhouse. Whether you're an experienced investor or looking to start your investment portfolio, this property offers a wealth of opportunities. Set up your Showing today!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 375.00, SqFt Fin - Main: 421.00, SqFt Fin - 2nd: 410.00

Last Agent to Sell the Property

Chris Morton

Valor Realty License #RM424930 Listed on: 09/18/2023

Last Buyer's Agent

Felipe Rosero Salazar

Christian Saunders Real Estate License #RS364807

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,156

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 40x82
  • Land Lease

Parking

  • 2 Parking Spaces

Home Design

  • Fiberglass Roof
  • Wood Siding

Interior Spaces

  • 1,206 Sq Ft Home
  • 3-Story Property
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $28,500

Listing and Financial Details

  • Assessor Parcel Number 15710020047
  • $13,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,156

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: From 81 North, take exit 184 River St. turn left, right at light at Meadow Ave, left at light onto Moosic, right on Harrison, home on right.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.07
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Subdivision Name: Other
  • Year Built: 1920
  • Reso Property Sub Type: Multi Family
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 1206
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 1922.03
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Fiberglass
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Wood Siding
  • RoadFrontageLength: 40.00

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 2

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R1
  • Land Lease: Yes
  • Lot Dimensions: 40X82
  • Additional Parcels: No
  • Parcel #: 15710020047
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4155.87
  • Tax Book Number: 0360/0849
  • Tax Other Annual Assessment Amount: 13000

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Feb 16, 2024
Sold by
Levy Homes Llc
Bought by
Henriquez Lilian and Henriquez Johan M
Seller's Agent
Chris Morton
Valor Realty
Buyer's Agent
Felipe Rosero Salazar
Christian Saunders Real Estate
List Price
$245,000
Sold Price
$193,000
Premium/Discount to List
-$52,000
-21.22%
Views
46
Current Estimated Value
$241,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,903
Avg. Annual Appreciation
13.78%
Original Mortgage
$144,750
Outstanding Balance
$142,216
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$99,687

Purchase Details

Listed on
Aug 9, 2020
Closed on
Oct 13, 2020
Sold by
Duddy Charlene
Bought by
Levy Homes Llc
Seller's Agent
Colleen Turant
J.J. Mantione Appraisal and Realty Group,Inc
Buyer's Agent
Nonmember Scranton
Non-Member Wilkes-Barre
List Price
$129,900
Sold Price
$122,000
Premium/Discount to List
-$7,900
-6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$135,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2000
Bought by
Duddy Charlene
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
Henriquez Lilian $193,000 Red Maple Abstract
Levy Homes Llc $122,000 Keystone Abstract Svcs Inc
Duddy Charlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henriquez Lilian $144,750
Previous Owner Levy Homes Llc $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2024 02/26/24 Sold $193,000 -21.2% $160 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
09/18/2023 09/18/23 For Sale $245,000 +100.8% $203 / Sq Ft
10/14/2020 10/14/20 Sold $122,000 -6.1% $51 / Sq Ft View Prior Sale
09/11/2020 09/11/20 Pending -- -- --
08/09/2020 08/09/20 For Sale $129,900 -- $54 / 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 $4,523 $13,000 $3,800 $9,200
2024 $4,156 $13,000 $3,800 $9,200
2023 $4,156 $13,000 $3,800 $9,200
2022 $4,065 $13,000 $3,800 $9,200
2021 $4,065 $13,000 $3,800 $9,200
2020 $3,995 $13,000 $3,800 $9,200
2019 $3,765 $13,000 $3,800 $9,200
2018 $3,765 $13,000 $3,800 $9,200
2017 $3,704 $13,000 $3,800 $9,200
2016 $0 $13,000 $3,800 $9,200
2015 $2,841 $13,000 $3,800 $9,200
2014 -- $13,000 $3,800 $9,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Chris Morton

    Valor Realty

    Section Image
  • Felipe Rosero Salazar

    Buyer's Agent in 2024

    Felipe Rosero Salazar

    Christian Saunders Real Estate

    (570) 914-8799

    6 in this area

    55 Total Sales

    Felipe Rosero Salazar
    Section Image

  • C

    Seller's Agent in 2020

    Colleen Turant

    J.J. Mantione Appraisal and Realty Group,Inc

    (570) 237-0415

    48 Total Sales

    Colleen Turant
    Section Image

  • M

    Buyer's Agent in 2020

    MLS Office Scranton

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB234153

Greater Scranton Board of REALTORS®

APN: 15710020047

Pennsylvania Lackawanna County Scranton 18510 Hill Section

506 Harrison Ave Unit 508, Scranton, PA

Not Listed for Sale

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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