NOT LISTED FOR SALE

Estimated Value: $259,363 - $486,000

-- Bed
6 Baths
6,223 Sq Ft
$56/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $220,000 $35 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,672/month

47 Days on Market

Highlights

  • 0.29 Acre Lot
  • Deck
  • Porch

About This Home

As of December 2022

Rare investment opportunity large 5+ units. Just one block from Geisinger Medical College, University, Commonwealth Health Hospital and across the street from the JCC. This 5+ unit property with its architectural beauty has so much potential close everything. It used to occupy med students prior to the fire.There was a fire on 3rd floor unit damaged mainly the 3rd floor one unit. Property needs repairs. Condemned by city. One - 3 bedroom unit, Two - 2 bedroom units, One - Deluxe 1 bedroom unit One - Beautiful office suite. Can add more living space downstairs if renovated. These apartments have hardwood floors, modern kitchens and bathrooms. There's even a large common area gathering room with laundry, Off street parking lot area in the rear 5+ cars.Tax Assessor - Property is Multi Unit Classed 1-4 Units., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1308.00, SqFt Fin - Main: 2531.00, SqFt Fin - 2nd: 2074.00

Last Agent to Sell the Property

Thomas Meyer

Berkshire Hathaway Home Services Preferred Properties License #RS346125 Listed on: 09/19/2022

Berkshire Hathaway Home Services Preferred Properties

Last Buyer's Agent

KATHY CASARIN

Berkshire Hathaway Home Services Preferred Properties License #RS302364

Berkshire Hathaway Home Services Preferred Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 80 x 160

Home Design

  • Converted Dwelling
  • Wood Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Gas Dryer Hookup

Parking

  • 56 Parking Spaces
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 14677020005
  • $21,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Directions: From Scranton Expressway take Mulberry St to Jefferson Ave. Turn left on Jefferson and follow 2 blocks down. House will be on right hand side. Right before the hospital.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.29
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1903
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Gas Dryer Hookup
  • ResoLotFeatures: Other, See Remarks
  • Road Frontage Type: City Street
  • Above Grade Finished Sq Ft: 5913
  • Architectural Style: Converted
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 3002.73
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dishwasher
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No
  • Below Grade Sq Ft: 310

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Stucco
  • Patio And Porch Features: Deck, Porch
  • RoadFrontageLength: 80.00

Garage/Parking

  • Parking Features: Off Street, Unpaved, See Remarks, Other
  • Total Parking Spaces: 56

Utilities

  • Cooling: Ductless
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 80 x 160
  • Additional Parcels: No
  • Parcel #: 14677020005
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8845.91
  • Tax Book Number: 201712795
  • Tax Other Annual Assessment Amount: 21000

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Dec 3, 2022
Sold by
Laxman Investments Llc
Bought by
Supreme General Realty Llc
Seller's Agent
Thomas Meyer
Berkshire Hathaway Home Services Preferred Properties
Buyer's Agent
KATHY CASARIN
Berkshire Hathaway Home Services Preferred Properties
List Price
$275,000
Sold Price
$220,000
Premium/Discount to List
-$55,000
-20%
Views
5
Current Estimated Value
$340,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,884
Avg. Annual Appreciation
17.42%

Purchase Details

Listed on
Oct 4, 2021
Closed on
Nov 29, 2021
Sold by
Simrell Daniel and Simrell Christine
Bought by
Laxman Investments Llc
Seller's Agent
Nell Donnelly-O'Boyle
Dwell Real Estate
Buyer's Agent
Thomas Meyer
Berkshire Hathaway Home Services Preferred Properties
List Price
$399,900
Sold Price
$365,000
Premium/Discount to List
-$34,900
-8.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-39.12%

Purchase Details

Closed on
Jun 7, 2017
Sold by
Simrell Daniel and Geroulo Elaine C
Bought by
Simrell Daniel

Purchase Details

Closed on
Jun 17, 2010
Sold by
Simrell Daniel
Bought by
Simrell Daniel and Geroulo Elaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.03%
Mortgage Type
Commercial
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
Supreme General Realty Llc $220,000 --
Laxman Investments Llc $365,000 Blue Star Settlement Svcs
Simrell Daniel -- None Available
Simrell Daniel -- None Available
Simrell Daniel $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simrell Daniel $280,000
Previous Owner Simrell Daniel $25,000
Previous Owner Simrell Daniel $390,000
Previous Owner Simrell Daniel $75,000
Previous Owner Simrell Daniel $400,000
Previous Owner Simrell Daniel $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $220,000 -20.0% $35 / Sq Ft
11/05/2022 11/05/22 Pending -- -- --
09/19/2022 09/19/22 For Sale $275,000 -24.7% $44 / Sq Ft
12/01/2021 12/01/21 Sold $365,000 -8.7% $59 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $399,900 -- $64 / 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 $9,677 $21,000 $18,200 $2,800
2024 $9,038 $21,000 $18,200 $2,800
2023 $9,038 $21,000 $18,200 $2,800
2022 $8,846 $21,000 $18,200 $2,800
2021 $8,846 $21,000 $18,200 $2,800
2020 $8,733 $21,000 $18,200 $2,800
2019 $8,277 $21,000 $18,200 $2,800
2018 $8,277 $21,000 $18,200 $2,800
2017 $8,178 $21,000 $18,200 $2,800
2016 $4,373 $21,000 $18,200 $2,800
2015 $6,338 $21,000 $18,200 $2,800
2014 -- $21,000 $18,200 $2,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB224217

Greater Scranton Board of REALTORS®

APN: 14677020005