NOT LISTED FOR SALE

541 Madison Ave Unit 543 Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $271,094 - $493,000

-- Bed
-- Bath
3,039 Sq Ft
$115/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $200,000 $66 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,220/month

126 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Level Lot
  • Porch
  • Ceiling Fan

About This Home

As of April 2021

Student housing! Available June 2025

Student housing in the heart of Scranton. Just a 5 minute walk from University of Scranton, Lackawanna College, and Geisinger Medical School. Two units side by side with six bedrooms each! Use all six or keep the extra as a bonus room. Large common area, private rear deck, lush side yard, and bedrooms spaced over two floors with fresh paint make 541/543 Madison a great space for entertaining and studying! Newly renovated with brand new laundry room.

A rare vacancy for this large home!

Unit 1- Already rented!

Unit 2-
Lease: June 2025-June 2026
Basics: 6 bedrooms, 2 bathrooms, dining room and a full kitchen
Cost: $2400/month

MspTheAnnexLLC@ gmail. com

Last Agent to Sell the Property

Jim Nasser

NASSER REAL ESTATE, INC. License #AB065869 Listed on: 09/28/2020

Last Buyer's Agent

Tom Pavlowski

Iron Valley Real Estate Greater Scranton License #RS349976

Iron Valley Real Estate Greater Scranton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,973

Year Built

  • Built in 1930

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 40x80
  • Level Lot

Home Design

  • Wood Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,039 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 14677010015
  • $11,000 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $1,680
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,973

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: Up Mulberry St to left on Madison Ave, continue to property on left.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.05
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Level
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 3039
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 1513.82
  • EnhancedAcccessible: No
  • WaterExpense: 1680.00
  • SewerExpense: 1590.00
  • 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
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 40.00

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 40X80
  • Additional Parcels: No
  • Parcel #: 14677010015
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3973.02
  • Tax Book Number: 2004-35200
  • Tax Other Annual Assessment Amount: 11000

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Apr 14, 2021
Sold by
541 Madison Associates Llc
Bought by
Vanpelt Lindsay
Seller's Agent
Jim Nasser
NASSER REAL ESTATE, INC.
Buyer's Agent
Tom Pavlowski
Iron Valley Real Estate Greater Scranton
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$349,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,024
Avg. Annual Appreciation
15.62%
Original Mortgage
$150,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2004
Bought by
Five Hundred Forty 1 Madison
Source: Public Records

Range of Values:

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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
Vanpelt Lindsay $200,000 None Available
Five Hundred Forty 1 Madison $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanpelt Lindsay $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2024 11/29/24 Off Market $2,400 -- --
11/13/2024 11/13/24 Price Changed $2,400 -4.0% $2 / Sq Ft
11/04/2024 11/04/24 For Rent $2,500 0.0% --
04/15/2021 04/15/21 Sold $200,000 -11.1% $66 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
09/28/2020 09/28/20 For Sale $225,000 -- $74 / 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 $4,443 $11,000 $6,350 $4,650
2024 $4,121 $11,000 $6,350 $4,650
2023 $4,121 $11,000 $6,350 $4,650
2022 $4,032 $11,000 $6,350 $4,650
2021 $4,032 $11,000 $6,350 $4,650
2020 $3,973 $11,000 $6,350 $4,650
2019 $3,756 $11,000 $6,350 $4,650
2018 $3,756 $11,000 $6,350 $4,650
2017 $3,705 $11,000 $6,350 $4,650
2016 $0 $11,000 $6,350 $4,650
2015 $2,944 $11,000 $6,350 $4,650
2014 -- $11,000 $6,350 $4,650
Source: Public Records

Agents Affiliated with this Home

  • Jim Nasser

    Seller's Agent in 2021

    Jim Nasser

    NASSER REAL ESTATE, INC.

    (570) 466-0355

    12 in this area

    287 Total Sales

    Jim Nasser
    Section Image
  • Tom Pavlowski

    Buyer's Agent in 2021

    Tom Pavlowski

    Iron Valley Real Estate Greater Scranton

    (570) 241-6697

    3 in this area

    17 Total Sales

    Tom Pavlowski
    Section Image

  • T

    Buyer's Agent in 2021

    Thomas Pavlowski

    EXP Realty LLC

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB204084

Greater Scranton Board of REALTORS®

APN: 14677010015

Pennsylvania Lackawanna County Scranton 18510 Hill Section

541 Madison Ave Unit 543, Scranton, PA

This home is located at 541 Madison Ave Unit 543, Scranton, PA 18510 since 28 September 2020 and is currently estimated at $349,024, approximately $114 per square foot. This property was built in 1930. 541 Madison Ave Unit 543 is a home located in Lackawanna County with nearby schools including John Adams Elementary School, Northeast Scranton Intermediate School, and Scranton High School.

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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