NOT LISTED FOR SALE

509 Monroe Ave Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $743,593 - $1,210,000

Studio
-- Bath
6,300 Sq Ft
$148/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $490,000 $78 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,694/month

19 Days on Market

Highlights

  • The property is located in a historic district
  • Porch
  • Home Security System
  • Deck
  • Interior Lot
  • Forced Air Heating System

About This Home

As of February 2020

Gorgeous Historic 6 Unit located 1 city block to the University of Scranton and 3 City block from The Medical College, 4 Units in the front building and 2 units in carriage house plus heated garage. All rented, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 2100.00, SqFt Fin - Main: 2100.00, SqFt Fin - 2nd: 2100.00

Last Agent to Sell the Property

Christian Saunders

Christian Saunders Real Estate License #RM424906 Listed on: 11/16/2019

Last Buyer's Agent

Debra Keller

Christian Saunders Real Estate License #RS289673

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,420

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 65x160
  • Interior Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Wood Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,300 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Porch

Location

  • The property is located in a historic district

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15721010030
  • $25,000 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Water Sewer Expense $6,000
  • Gross Income $88,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,420

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Directions: Mulberry St then left to Madison to Olive, right on Monroe
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.23
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1900
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • ResoLotFeatures: Interior Lot, Historic District
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s), Security System
  • Above Grade Finished Sq Ft: 6300
  • Architectural Style: Multiple Buildings
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 3327.35
  • EnhancedAcccessible: No
  • WaterExpense: 6000.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: Full
  • Number Of Buildings: 2
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Brick, Wood Siding
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 65.00

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: None, On Street
  • Total Parking Spaces: 1

Utilities

  • Cooling: None
  • Heating: Forced Air, Steam, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 65X160
  • Additional Parcels: No
  • Parcel #: 15721010030
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8419.68
  • Tax Book Number: 2018-09243
  • Tax Other Annual Assessment Amount: 25000

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 88860

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2019
Closed on
Feb 14, 2020
Sold by
Cmarq Llc
Bought by
Gjk Group Llc
Seller's Agent
Christian Saunders
Christian Saunders Real Estate
Buyer's Agent
Debra Keller
Christian Saunders Real Estate
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%
Current Estimated Value
$931,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,864
Avg. Annual Appreciation
11.51%
Original Mortgage
$400,000
Outstanding Balance
$315,509
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$616,355

Purchase Details

Closed on
Jun 14, 2018
Sold by
Spqr Holdings Llc
Bought by
Cmarq Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.5%
Mortgage Type
Commercial
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
Gjk Group Llc $490,000 Keystone Abst Serv Inc
Cmarq Llc $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gjk Group Llc $400,000
Previous Owner Cmarq Llc $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $490,000 -2.0% $78 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/16/2019 11/16/19 For Sale $499,900 -- $79 / 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 $9,846 $25,000 $13,150 $11,850
2024 $9,118 $25,000 $13,150 $11,850
2023 $9,118 $25,000 $13,150 $11,850
2022 $8,922 $25,000 $13,150 $11,850
2021 $8,922 $25,000 $13,150 $11,850
2020 $8,787 $25,000 $13,150 $11,850
2019 $8,304 $25,000 $13,150 $11,850
2018 $8,304 $25,000 $13,150 $11,850
2017 $8,187 $25,000 $13,150 $11,850
2016 $3,657 $25,000 $13,150 $11,850
2015 $6,469 $25,000 $13,150 $11,850
2014 -- $25,000 $13,150 $11,850
Source: Public Records

Agents Affiliated with this Home

  • Christian Saunders

    Seller's Agent in 2020

    Christian Saunders

    Christian Saunders Real Estate

    (570) 947-3292

    14 in this area

    106 Total Sales

    Christian Saunders
    Section Image

  • D

    Buyer's Agent in 2020

    Debra Keller

    Christian Saunders Real Estate

    (570) 470-2116

    1 in this area

    13 Total Sales

    Debra Keller
    Section Image
See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB195458

Greater Scranton Board of REALTORS®

APN: 15721010030

Pennsylvania Lackawanna County Scranton 18510 Hill Section

509 Monroe Ave, 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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