NOT LISTED FOR SALE

701 Prospect Ave Scranton, PA 18505

South Side Neighborhood

Estimated Value: $152,000 - $269,000

8 Beds
3 Baths
2,400 Sq Ft
$87/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $185,000 $77 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,505/month

3 Days on Market

About This Home

As of February 2024

GROUP SHOWING CANCELLEDOFFERING $10,000 SELLERS ASSIST! Calling all Investors! Explore this profitable three-unit property in South Side Scranton. All units are presently rented, ensuring immediate income generation. Rental rates are currently below market value, and tenants are on month-to-month leases. With potential for increased rental values, this investment promises a solid return. The property features a newer hot water heater from 2021 and a newer furnace. Each unit has separate electric. Convenient location, close to downtown, the University of Scranton, and hospitals. Priced competitively for a quick sale. Being sold AS-IS.

Last Agent to Sell the Property

Alyssa Mackiw

EXP Realty LLC License #RS366528 Listed on: 01/08/2024

EXP Realty LLC

Last Buyer's Agent

beth gravener

Revolve Real Estate License #RS350093

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,749

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x80

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Gross Income $24,600

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Assessor Parcel Number 15620020034
  • $11,600 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,749

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: From Mulberry St, turn right onto Jefferson Ave, turn left onto US-11 S. Turn left onto Alder St, turn right onto Prospect Ave. The destination is on the left.
  • Lot Size Acres: 0.09
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • Above Grade Finished Sq Ft: 2400
  • New Construction: No
  • AuctionYN: No
  • SchoolTaxAmount: 1715.04
  • EnhancedAcccessible: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Tenants personal property

Utilities

  • Heating: Natural Gas

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R2
  • Current Use: Investment, Multi-Family
  • Lot Dimensions: 50X80
  • Parcel #: 15620020034

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3748.63
  • Tax Book Number: 1570/0216
  • Tax Other Annual Assessment Amount: 11600

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 24600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Jan 26, 2024
Sold by
Florida Real Estate & Investments Llc
Bought by
Rsl Homes Llc
Seller's Agent
Alyssa Mackiw
EXP Realty LLC
Buyer's Agent
beth gravener
Revolve Real Estate
List Price
$185,000
Sold Price
$185,000
Views
89
Current Estimated Value
$208,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,436
Avg. Annual Appreciation
10.76%

Purchase Details

Listed on
Mar 12, 2019
Closed on
Oct 15, 2020
Sold by
Plaskin Mikhail and Plaskin Lyudmila
Bought by
Florida Real Estate & Investments Llc
Seller's Agent
Robert Redgil
ERA One Source Realty
Buyer's Agent
Robert Redgil
ERA One Source Realty
List Price
$120,000
Sold Price
$85,000
Premium/Discount to List
-$35,000
-29.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.58%

Purchase Details

Closed on
Dec 9, 1996
Bought by
Plaksin Mikhail and Plaksin Lyudmila
Source: Public Records

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Range of Values:

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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
Rsl Homes Llc $185,000 Golden Dome Abstract
Florida Real Estate & Investments Llc $85,000 Secure Abstract Group Llc
Plaksin Mikhail $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plaksin Mikhail $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $185,000 0.0% $77 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $185,000 +117.6% $77 / Sq Ft
10/16/2020 10/16/20 Sold $85,000 -29.2% $35 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
03/12/2019 03/12/19 For Sale $120,000 -- $49 / 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 $4,077 $11,600 $3,600 $8,000
2024 $3,749 $11,600 $3,600 $8,000
2023 $3,749 $11,600 $3,600 $8,000
2022 $3,667 $11,600 $3,600 $8,000
2021 $3,667 $11,600 $3,600 $8,000
2020 $3,605 $11,600 $3,600 $8,000
2019 $3,398 $11,600 $3,600 $8,000
2018 $3,398 $11,600 $3,600 $8,000
2017 $3,343 $11,600 $3,600 $8,000
2016 $1,242 $11,600 $3,600 $8,000
2015 $2,571 $11,600 $3,600 $8,000
2014 -- $11,600 $3,600 $8,000
Source: Public Records

Agents Affiliated with this Home

  • Alyssa Mackiw

    Seller's Agent in 2024

    Alyssa Mackiw

    EXP Realty LLC

    (570) 861-9100

    4 in this area

    32 Total Sales

    Alyssa Mackiw
    Section Image

  • b

    Buyer's Agent in 2024

    beth gravener

    Revolve Real Estate

    7 in this area

    48 Total Sales

    beth gravener
    Section Image

  • R

    Seller's Agent in 2020

    Robert Redgil

    ERA One Source Realty

    (570) 587-9999

    5 in this area

    20 Total Sales

    Robert Redgil
    Section Image
See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC563

Greater Scranton Board of REALTORS®

APN: 15620020034

Pennsylvania Lackawanna County Scranton 18505 South Side

701 Prospect Ave, Scranton, PA

This home is located at 701 Prospect Ave, Scranton, PA 18505 since 08 January 2024 and is currently estimated at $208,436, approximately $86 per square foot. This property was built in 1930. 701 Prospect Ave is a home located in Lackawanna County with nearby schools including McNichols Plaza Elementary School, South Scranton Intermediate, 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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