NOT LISTED FOR SALE

628 Madison Ave Scranton, PA 18510

Hill Section Neighborhood

Estimated Value: $574,000

-- Bed
-- Bath
3,900 Sq Ft
$147/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $502,000 $129 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,150/month

12 Days on Market

Highlights

  • 0.59 Acre Lot
  • Porch
  • Forced Air Heating and Cooling System
  • Deck
  • Living Room

About This Home

As of September 2022

Extremely well maintained and fully occupied four unit on two lots near the University of Scranton and the Commonwealth Medical College. This house was completely gutted a few years ago and transformed into four beautiful 2-bedroom apartments. Great income generator with even greater income potential. The property Tenants are all responsible graduate students!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1950.00, SqFt Fin - 2nd: 1950.00, Additional Info: Measurements are approximate and not guaranteed.Sale includes two 40x160 lots on separate deeds.Second Lot Pin # 14677030008Second Lot Deed Book # 2011002230

Last Agent to Sell the Property

Martin Fotta

Cobblestone Real Estate LLC License #RS337018 Listed on: 03/29/2022

Last Buyer's Agent

Kelly McDonald

Cobblestone Real Estate LLC License #RS358325

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,748

Year Built

  • Built in 1930

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 80x320
  • Additional Parcels
  • Land Lease

Home Design

  • Wood Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher

Parking

  • 4 Parking Spaces
  • Parking Pad
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $980
  • Assessor Parcel Number 14677030009
  • $14,500 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $1,350
  • Gross Income $47,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,748

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: Madison Avenue in the Hill Section. House is on the right side coming from Olive Street. Between Olive and Pine.
  • Unit Levels: One and One Half
  • Lot Size Acres: 0.59
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Rectangular Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Above Grade Finished Sq Ft: 3900
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2699.20
  • EnhancedAcccessible: No
  • WaterExpense: 1350.00
  • SewerExpense: 1350.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 980.00
  • GSB_UnitTypeSecurityDeposit: 980.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeSecurityDeposit: 980.00
  • GSB_UnitTypeSecurityDeposit: 980.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, 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: Vinyl Siding
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 80.00

Garage/Parking

  • Parking Features: Gravel, Off Street, Parking Pad
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air, Electric
  • Heating: Electric, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 80x320
  • Additional Parcels: Yes
  • Parcel #: 14677030009
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6748
  • Tax Book Number: 200931194
  • Tax Other Annual Assessment Amount: 14500

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
Sep 8, 2022
Sold by
Sawfin Llc
Bought by
Petel Ashwinkumar
Seller's Agent
Martin Fotta
Cobblestone Real Estate LLC
Buyer's Agent
Kelly McDonald
Cobblestone Real Estate LLC
Sold Price
$502,000
Current Estimated Value
$574,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,000
Avg. Annual Appreciation
4.12%
Original Mortgage
$376,500
Outstanding Balance
$359,615
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$214,385

Purchase Details

Closed on
Jan 4, 2011
Sold by
Sanaphol Sonexay and Sanaphol Chanham
Bought by
Sawfin Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Petel Ashwinkumar $502,000 --
Sawfin Llc $4,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petel Ashwinkumar $376,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2022 09/08/22 Sold $502,000 0.0% $129 / Sq Ft
07/09/2022 07/09/22 Off Market $502,000 -- --
04/10/2022 04/10/22 Pending -- -- --
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 $1,705 $3,500 $3,500 $0
2024 $1,596 $3,500 $3,500 $0
2023 $1,596 $3,500 $3,500 $0
2022 $1,562 $3,500 $3,500 $0
2021 $1,562 $3,500 $3,500 $0
2020 $1,544 $3,500 $3,500 $0
2019 $1,464 $3,500 $3,500 $0
2018 $1,464 $3,500 $3,500 $0
2017 $1,448 $3,500 $3,500 $0
2016 $0 $3,500 $3,500 $0
2015 $1,191 $3,500 $3,500 $0
2014 -- $3,500 $3,500 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Martin Fotta

    Cobblestone Real Estate LLC

  • K

    Buyer's Agent in 2022

    Kelly McDonald

    Cobblestone Real Estate LLC

    (570) 500-5254

    5 in this area

    38 Total Sales

    Kelly McDonald
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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB221181

Greater Scranton Board of REALTORS®

APN: 14677030008

Pennsylvania Lackawanna County Scranton 18510 Hill Section

628 Madison Ave, Scranton, PA

Not Listed for Sale

MultiFamily

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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