NOT LISTED FOR SALE

520 Madison Ave Scranton, PA 18510

Hill Section Neighborhood
Studio
-- Bath
7,726 Sq Ft
0.37 Acres

Last Sold September 25, 2020

Last sale price $318,000 $41 Per Sq Ft

114 Days on Market

Highlights

  • 1 Car Detached Garage
  • Concrete Flooring
  • Property is in very good condition
  • Forced Air Heating and Cooling System
  • Community Deck or Porch

About This Home

As of September 2020

Located in a historic mansion in the Lower Hill Section, three blocks from medical school and universities, this one bedroom apartment will be available July 1, 2025, or sooner. Clean and spacious with high ceilings and architectural details, the apartment is furnished with newer appliances, cookware, utensils, furniture and bed frame. Optional laundry facilities are in basement. First and Last Month Rent and Security Deposit required, as are excellent rental and credit references. No smoking. No Pets.

Last Agent to Sell the Property

Carmen Winters

Lewith & Freeman, Kingston License #AB069354 Listed on: 02/03/2020

Last Buyer's Agent

Carmen Winters

Lewith & Freeman, Kingston License #AB069354 Listed on: 02/03/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • Property is in very good condition

Home Design

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

Interior Spaces

  • 7,726 Sq Ft Home
  • Concrete Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Detached Garage
  • 3 Off-Street Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units
  • Community Deck or Porch
  • Real Estate Tax Expense $11,927

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • 3RdPartyREOOwner: Not Applicable
  • Foreclosedbank Ownedreo: Yes
  • Directions: From Central Scranton Expressway, turn right onto Madison Ave. Property is on your right.
  • Est County Tax: 1837.44
  • Estimated School Tax: 4259.01
  • EstTotalTax: 11926.80
  • Age: 100 Plus Yrs
  • Hot Water Heater: Gas
  • Listing Member Name: Carmen Winters
  • Tax Municipality: Scranton City
  • NumberSpacesOffStreet: 3.00
  • Prop. Type: B
  • PROPTYPE: Multi-Family
  • Year Built: 1880
  • InteriorFinish: Drywall, Plaster
  • Building Style: 3 or More Units
  • Estimated Total Sq Ft: 7726.00
  • Unit1InfoElectricInRent: N
  • Unit1InfoHeatInRent: N
  • Unit1InfoHotWaterInRent: N
  • Unit1InfoSewerInRent: Y
  • Unit1InfoWaterInRent: N
  • Unit2InfoElectricInRent: N
  • Unit2InfoHeatInRent: N
  • Unit2InfoHotWaterInRent: N
  • Unit2InfoSewerInRent: Y
  • Unit2InfoWaterInRent: N
  • Unit3InfoElectricInRent: N
  • Unit3InfoHeatInRent: N
  • Unit3InfoHotWaterInRent: N
  • Unit3InfoSewerInRent: Y
  • Unit3InfoWaterInRent: N
  • Unit4InfoElectricInRent: N
  • Unit4InfoHeatInRent: N
  • Unit4InfoHotWaterInRent: N
  • Unit4InfoSewerInRent: Y
  • Unit4InfoWaterInRent: N
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Concrete Floor, Full Unfinished

Exterior Features

  • Property Condition: Very Good
  • Exterior: Stucco
  • Roof: Comp Shingle, Other - See Remarks

Garage/Parking

  • Spaces: 1
  • Garage Type: Detached
  • Parking: Off-Street

Utilities

  • Hvac Type: Central
  • Heat Fuel Type: Gas
  • Heat Type: Forced Air
  • Sewer: Public
  • Hot Water: Public

Association/Amenities

  • MFAmenities: Patio, Porch

Condo/Co-op/Association

  • Number of Units: 4

Schools

  • School District: Scranton

Lot Info

  • Zoning: Residential

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
Sep 25, 2020
Sold by
Landmark Community Bank
Bought by
Regan Frank M and Opsasnick Lynne J
Seller's Agent
Carmen Winters
Lewith & Freeman, Kingston
Buyer's Agent
Carmen Winters
Lewith & Freeman, Kingston
List Price
$379,000
Sold Price
$318,000
Premium/Discount to List
-$61,000
-16.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$186,784
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2019
Sold by
Madison & Vine Associates Llc
Bought by
Landmark Community Bank

Purchase Details

Closed on
Sep 14, 2005
Sold by
Moskovitz Myer and Nasser William K
Bought by
Madison & Vine Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
5.84%
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
Regan Frank M $318,000 None Available
Landmark Community Bank $885 None Available
Madison & Vine Associates Llc $410,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regan Frank M $210,000
Previous Owner Madison & Vine Associates Llc $705,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/25/2025 01/25/25 For Rent -- -- --
09/25/2020 09/25/20 Sold $318,000 -16.1% $41 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $379,000 -- $49 / Sq Ft
Source: Luzerne County Association 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 $13,226 $32,000 $20,000 $12,000
2024 $12,282 $32,000 $20,000 $12,000
2023 $12,282 $32,000 $20,000 $12,000
2022 $12,613 $32,000 $23,150 $8,850
2021 $12,613 $32,000 $23,150 $8,850
2020 $12,442 $32,000 $23,150 $8,850
2019 $11,779 $32,000 $23,150 $8,850
2018 $11,779 $32,000 $23,150 $8,850
2017 $11,628 $32,000 $23,150 $8,850
2016 $5,830 $32,000 $23,150 $8,850
2015 $9,369 $32,000 $23,150 $8,850
2014 -- $32,000 $23,150 $8,850
Source: Public Records

Agents Affiliated with this Home

  • Carmen Winters

    Seller's Agent in 2020

    Carmen Winters

    Lewith & Freeman, Kingston

    (570) 650-8673

    123 Total Sales

    Carmen Winters
    Section Image
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Map

Source: Luzerne County Association of REALTORS®

MLS Number: 20-523

APN: 15721010019

Pennsylvania Lackawanna County Scranton 18510 Hill Section

520 Madison Ave, Scranton, PA

Not Listed for Sale

MultiFamily

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