NOT LISTED FOR SALE

589 Front St Hanover Township, PA 18706

Estimated Value: $233,000 - $270,000

-- Bed
-- Bath
4,170 Sq Ft
$60/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $140,800 $34 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,558/month

8 Days on Market

Highlights

  • Paneling
  • Concrete Flooring
  • Radiator

About This Home

As of March 2021

15% CAP RATE, This is a money maker. I wouldn't wait. Your NET before Debt is $19295. The 4 bedroom units have Gas Steam Heat. The 2 bedroom unit has electric heat. each unit has separate utilities. . Or you could live in one and let the rents pay your costs. THIS PROPERTY IS CLOSE TO THE INDUSTRIAL PARKS JOBS. The 3rd floor may be made into 1 or 2 more apartments.

Last Agent to Sell the Property

David Sudimak

TradeMark Realty Group License #RS169703L Listed on: 02/21/2021

TradeMark Realty Group

Last Buyer's Agent

Alan Kline

RPA Real Estate License #RS351008

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,982

Lot Details

  • Lot Dimensions are 40 x 131
  • Property is in good condition

Parking

  • 3 Off-Street Spaces

Home Design

  • Triplex
  • Fire Rated Drywall
  • Composition Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 4,170 Sq Ft Home
  • Paneling
  • Concrete Flooring

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas

Community Details

Overview

  • 3 Units

Building Details

  • Trash Expense $1,500
  • Water Sewer Expense $1,072
  • Real Estate Tax Expense $2,982
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,982

Lot Details

0

Listing Details

  • 3RdPartyREOOwner: Not Applicable
  • Foreclosedbank Ownedreo: No
  • Directions: From Nanticoke take Middle road (going toward Sugar Notch) Right onto S. Main St. then Right onto Front St., investment property on Right. Property in Warrior Run
  • Est County Tax: 542.30
  • Estimated School Tax: 1851.15
  • EstTotalTax: 2982.40
  • Number of Ranges: 3
  • Number of Refrigerators: 3
  • Age: 51 - 75 Yrs
  • Expenses Annual Sewer Exp: 1072.00
  • Listing Member Name: David Sudimak
  • Tax Municipality: Hanover Twp
  • NumberSpacesOffStreet: 3.00
  • Prop. Type: B
  • PROPTYPE: Multi-Family
  • InteriorFinish: Drywall, Paneling
  • Building Style: 3 or More Units
  • Estimated Total Sq Ft: 4170.00
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Concrete Floor

Exterior Features

  • Property Condition: Good
  • Exterior: Aluminum
  • Roof: Comp Shingle

Utilities

  • Hvac Type: Wall Units
  • Heat Fuel Type: Electric, Gas
  • Heat Type: Hot Water Radiator
  • Sewer: Public
  • Hot Water: Public

Condo/Co-op/Association

  • Number of Units: 3

Schools

  • School District: Hanover

Lot Info

  • Lot Size: 40 x 131
  • Zoning: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
Mar 26, 2021
Sold by
Storz Robert and Storz Melissa
Bought by
30 30 Assets Llc
Seller's Agent
David Sudimak
TradeMark Realty Group
Buyer's Agent
Alan Kline
RPA Real Estate
List Price
$142,900
Sold Price
$140,800
Premium/Discount to List
-$2,100
-1.47%
Current Estimated Value
$249,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,533
Avg. Annual Appreciation
12.78%
Original Mortgage
$105,450
Outstanding Balance
$95,055
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$154,278
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
30 30 Assets Llc $145,000 Tiger Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 30 30 Assets Llc $105,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $140,800 -1.5% $34 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $142,900 -- $34 / 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 $3,020 $98,600 $16,700 $81,900
2024 $3,020 $98,600 $16,700 $81,900
2023 $3,020 $98,600 $16,700 $81,900
2022 $3,002 $98,600 $16,700 $81,900
2021 $3,002 $98,600 $16,700 $81,900
2020 $3,002 $98,600 $16,700 $81,900
2019 $2,924 $98,600 $16,700 $81,900
2018 $2,865 $98,600 $16,700 $81,900
2017 $2,865 $98,600 $16,700 $81,900
2016 -- $98,600 $16,700 $81,900
2015 -- $98,600 $16,700 $81,900
2014 -- $98,600 $16,700 $81,900
Source: Public Records

Agents Affiliated with this Home

  • David Sudimak

    Seller's Agent in 2021

    David Sudimak

    TradeMark Realty Group

    (570) 406-1488

    2 in this area

    36 Total Sales

    David Sudimak
    Section Image
  • Alan Kline

    Buyer's Agent in 2021

    Alan Kline

    RPA Real Estate

    (570) 592-7961

    33 in this area

    229 Total Sales

    Alan Kline
    Section Image
See All Agents

Map

Source: Luzerne County Association of REALTORS®

MLS Number: 21-649

APN: 25-J8S2-003-005-000

Pennsylvania Luzerne County Hanover Township

589 Front St, Hanover Township, PA

Not Listed for Sale

MultiFamily

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