NOT LISTED FOR SALE

548-550 Colfax Ave Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $283,000 - $438,008

-- Bed
-- Bath
2,748 Sq Ft
$138/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $192,000 $70 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,626/month

22 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • Heating System Uses Steam
  • Attic Fan

About This Home

As of December 2020

Investors will see a great opportunity with this beautiful stucco Scranton Triplex conveniently located to many city highlights. Live in the spacious left side portion of the property and keep the two long term tenants renting both units on the right side. Currently long term tenants in two one bedroom apartments. This lovely corner lot in a very nice Scranton neighborhood is a stones throw from Nay Aug Park. Also, this property is in walking distance to the Universities, hospital, bus stops, churches, and just a short distance to all the night life in downtown Scranton and Dunmore. Left side has been freshly painted in several rooms, hardwood floors, huge insulated attic for storage as well as a basement with tons of storage space as well. Easy to convert a large portion of the basement to living space. The left unit boasts 4 spacious bedrooms, and 1.5 baths. The first floor apartment on the right side, has character with a pretty sitting area in front, bedroom with french doors, kitchen, living room and bath. The second floor one bedroom apartment has a large living room, kitchen, and bath. All utilities are separate. Landlord currently pays: heat, sewer, and taxes. Tenants pay Electric, garbage, and water. ) Trash is $300 per unit per year. At this time, the left vacant unit's potential rent is not calculated in the information. provided. Net income could be substantially higher. A great opportunity to reside in a pretty part of the ''Electric City.'', Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1458.00, SqFt Fin - 2nd: 1290.00

Last Agent to Sell the Property

Marcy Curra

CLASSIC PROPERTIES License #AB069601 Listed on: 09/14/2020

Last Buyer's Agent

Nell Donnelly-O'Boyle

Dwell Real Estate License #RM423994

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x80
  • Corner Lot
  • Level Lot
  • Land Lease

Parking

  • On-Street Parking

Home Design

  • Wood Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,748 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Attic Fan
  • Range

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15710040032
  • $18,000 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Water Sewer Expense $1,000
  • Gross Income $14,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: Mulberry Street left on Harrison. Right on Olive to Colfax Ave. House on corner. Sign in yard.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.09
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Corner Lot, Level
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 2748
  • Architectural Style: Complex
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2477.16
  • EnhancedAcccessible: No
  • WaterExpense: 1000.00
  • SewerExpense: 580.98
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Stucco
  • RoadFrontageLength: 50.00

Garage/Parking

  • Parking Features: None, On Street

Utilities

  • Cooling: Attic Fan, Ceiling Fan(s)
  • Heating: Natural Gas, Steam
  • Water Source: Public

Schools

  • Junior High Dist: Scranton

Lot Info

  • Current Use: Residential
  • Land Lease: Yes
  • Lot Dimensions: 50X80
  • Additional Parcels: No
  • Parcel #: 15710040032
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5888.92
  • Tax Book Number: 0398/0181
  • Tax Other Annual Assessment Amount: 18000

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 14040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Solsman Alicia
Bought by
Kubicek Tyler
Current Estimated Value
$380,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,081
Outstanding Balance
$366,951
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$32,229

Purchase Details

Listed on
Sep 14, 2020
Closed on
Dec 7, 2020
Sold by
Sandone Mary C and Schmoyer Rickie
Bought by
Solsman Alicia
Seller's Agent
Marcy Curra
CLASSIC PROPERTIES
Buyer's Agent
Nell Donnelly-O'Boyle
Dwell Real Estate
List Price
$215,000
Sold Price
$192,000
Premium/Discount to List
-$23,000
-10.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$75,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2001
Bought by
Sandone Mary C and Sandone Joseph T
Source: Public Records

Range of Values:

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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
Kubicek Tyler $382,000 None Listed On Document
Solsman Alicia $192,000 Bcm Abstract Llc
Sandone Mary C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kubicek Tyler $375,081
Previous Owner Solsman Alicia Ann $100,000
Previous Owner Solsman Alicia $75,000
Previous Owner Sandone Mary Christine $15,000
Previous Owner Sandone Mary C $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $192,000 -10.7% $70 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $215,000 -- $78 / 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 $6,633 $18,000 $7,150 $10,850
2024 $6,118 $18,000 $7,150 $10,850
2023 $6,118 $18,000 $7,150 $10,850
2022 $5,986 $18,000 $7,150 $10,850
2021 $5,986 $18,000 $7,150 $10,850
2020 $5,889 $18,000 $7,150 $10,850
2019 $5,557 $18,000 $7,150 $10,850
2018 $5,557 $18,000 $7,150 $10,850
2017 $5,473 $18,000 $7,150 $10,850
2016 $0 $18,000 $7,150 $10,850
2015 $3,931 $18,000 $7,150 $10,850
2014 -- $18,000 $7,150 $10,850
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Marcy Curra

    CLASSIC PROPERTIES

    (570) 575-3786

    2 in this area

    123 Total Sales

    Section Image
  • Nell Donnelly-O'Boyle

    Buyer's Agent in 2020

    Nell Donnelly-O'Boyle

    Dwell Real Estate

    (570) 871-0780

    40 in this area

    135 Total Sales

    Section Image

  • M

    Buyer Co-Listing Agent in 2020

    Mari Noel Araya

    Dwell Real Estate - Dunmore Branch Office

    (954) 706-9446

    14 in this area

    44 Total Sales

    Section Image
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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB203786

Greater Scranton Board of REALTORS®

APN: 15710040032

Pennsylvania Lackawanna County Scranton 18510 Hill Section

548-550 Colfax Ave, Scranton, PA

This home is located at 548-550 Colfax Ave, Scranton, PA 18510 since 14 September 2020 and is currently estimated at $380,502, approximately $138 per square foot. This property was built in 1930. 548-550 Colfax Ave is a home located in Lackawanna County with nearby schools including William Prescott 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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