NOT LISTED FOR SALE

7178 Summit Farm Rd Cresco, PA 18326

Estimated Value: $546,000 - $1,335,000

5 Beds
2 Baths
2,728 Sq Ft
$288/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $1,002,500 $367 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $4,547/month

162 Days on Market

Highlights

  • Second Garage
  • View of Trees or Woods
  • Dual Staircase
  • Pocono Mountain East High School Rated 9+
  • 212.6 Acre Lot
  • Barn or Farm Building

About This Home

As of May 2023

This property has been in the original family for more than 6 generations, OGM rights all convey along with a substantial amount of marketable timber. The property is very rustic with lots of old stained interior woodwork. Interior pictures to come as the current owners are currently cleaning out the house. This is a very private setting with numerous rustic outbuildings along with the original homestead still on the property. This property has a lot of charm and character, along with endless possibilities. The 212 acres offers very good hunting and many other recreational possibilities along with lots of privacy . Bring your horses, atvs, mountain bikes or just enjoy the pure beauty of this all natural untouched property.

Last Agent to Sell the Property

Frank Kovalchick

Sportsman Trophy Properties Real Estate, LLC License #308906 Listed on: 11/01/2022

Last Buyer's Agent

Gregory Weidenbaum

Redstone Run Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,124

Year Built

  • Built in 1897

Lot Details

  • 212.6 Acre Lot
  • Dirt Road
  • Cul-De-Sac
  • North Facing Home
  • Stone Retaining Walls
  • No Through Street
  • Mountainous Lot
  • Wooded Lot
  • Backs to Trees or Woods
  • Front Yard
  • Property is in average condition
  • Property is zoned T1

Parking

  • 2 Car Direct Access Garage
  • Second Garage
  • Side Facing Garage
  • Circular Driveway

Property Views

  • Pond
  • Woods
  • Pasture
  • Mountain

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Slate Roof
  • Asbestos Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,728 Sq Ft Home
  • Property has 3 Levels
  • Dual Staircase
  • Double Hung Windows
  • Bay Window
  • Casement Windows
  • Insulated Doors
  • Six Panel Doors
  • Family Room Off Kitchen
  • Wood Flooring
  • Electric Dryer
  • Attic

Kitchen

  • Eat-In Country Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Connecting Stairway
  • Dirt Floor
  • Laundry in Basement

Home Security

  • Storm Doors
  • Flood Lights

Outdoor Features

  • Pond
  • Patio
  • Shed
  • Outbuilding
  • Playground
  • Porch

Schools

  • Swiftwater Elementary Center

Farming

  • Barn or Farm Building
  • Spring House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Well
  • Oil Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 4
  • Clean and Green
  • Assessor Parcel Number 01-638700-80-2438

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,124

Year Built

Built in 1897

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1897
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: This property has been in the original family for more than 6 generations, OGM rights all convey along with a substantial amount of marketable timber. The property is very rustic with lots of old stained interior woodwork. Interior pictures to come as the current owners are currently cleaning out the house. This is a very private setting with numerous rustic outbuildings along with the original homestead still on the property. This property has a lot of charm and character, along with endless possibilities. The 212 acres offers very good hunting and many other recreational possibilities along with lots of privacy . Bring your horses, atvs, mountain bikes or just enjoy the pure beauty of this all natural untouched property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer - Electric, Oven/Range - Electric, Dishwasher
  • Flooring Type: Hardwood
  • Interior Amenities: Additional Stairway, Attic, Breakfast Area, Double/Dual Staircase, Family Room Off Kitchen, Kitchen - Country, Kitchen - Eat-In, Kitchen - Island, Pantry, Wood Floors
  • Window Features: Bay/Bow, Double Hung, Casement
  • Door Features: Storm, Insulated, Six Panel
  • Foundation Details: Stone
  • Levels Count: 3
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Unfinished, Dirt Floor, Connecting Stairway
  • Laundry Type: Basement
  • Total Sq Ft: 2728
  • Living Area Sq Ft: 2728
  • Price Per Sq Ft: 439.88
  • Above Grade Finished Sq Ft: 2728
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7178

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Barn/Farm Building, Shed, Shed Shop, 2nd Garage, Spring House
  • Construction Materials: Vinyl Siding
  • Exterior Features: Flood Lights, Outbuilding(s), Play Area, Stone Retaining Walls
  • Road Surface Type: Black Top, Gravel, Dirt
  • Roof: Asbestos Shingle, Slate
  • Spa: No
  • View: Pond, Mountain, Pasture, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Circular Driveway, Asphalt Driveway, Private
  • Garage Features: Inside Access, Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: POCONO MOUNTAIN
  • Elementary School: SWIFTWATER ELEMENTARY CENTER
  • Elementary School Source: 3rd Party
  • School District Key: 300200397026
  • School District Source: 3rd Party
  • Elementary School: SWIFTWATER ELEMENTARY CENTER

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 233980.00
  • Land Assessed Value: 239000.00
  • Land Use Code: 540
  • Lot Features: Backs To Trees, Mountainous, No Thru Street, Not In Development, Pond, Trees/Wooded, Front Yard, Cul-De-Sac
  • Lot Size Acres: 212.60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9260856.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: T1

Green Features

  • Clean Green Assessed: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19909449
  • Assessor Parcel Number: 01-638700-80-2438
  • Tax Lot: 4
  • Tax Total Finished Sq Ft: 2728
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/11/2023

MLS Schools

  • School District Name: POCONO MOUNTAIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2024
Sold by
Lansdowne Lynn Marie and Lansdowne David Spencer
Bought by
Salter John Lucas and Salter Ashley Lansdowne
Current Estimated Value
$784,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$396,627
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving
Estimated Equity
$454,426

Purchase Details

Listed on
Nov 1, 2022
Closed on
May 15, 2023
Sold by
Deetz Richard E
Bought by
Lansdowne David S and Lansdowne Lynn M
Seller's Agent
Frank Kovalchick
Sportsman Trophy Properties Real Estate, LLC
Buyer's Agent
Gregory Weidenbaum
Redstone Run Realty, LLC
List Price
$4,500,000
Sold Price
$1,002,500
Premium/Discount to List
-$3,497,500
-77.72%
Views
186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.47%

Purchase Details

Closed on
Apr 24, 1989
Bought by
Price K Edward
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
Salter John Lucas $500,000 Capstone Settlement
Lansdowne David S $1,002,500 None Listed On Document
Price K Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salter John Lucas $400,000
Closed Salter John Lucas $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2023 05/11/23 Sold $1,002,500 -16.5% $367 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/07/2023 03/07/23 Price Changed $1,200,000 -67.6% $440 / Sq Ft
02/02/2023 02/02/23 Price Changed $3,700,000 -17.8% $1,356 / Sq Ft
11/01/2022 11/01/22 For Sale $4,500,000 -- $1,650 / Sq Ft
Source: Bright MLS

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 $2,124 $472,980 $239,000 $233,980
2024 $1,765 $472,980 $239,000 $233,980
2023 $7,029 $472,980 $239,000 $233,980
2022 $6,910 $472,980 $239,000 $233,980
2021 $12,168 $268,590 $34,610 $233,980
2020 $6,456 $268,590 $34,610 $233,980
2019 $4,542 $25,690 $4,360 $21,330
2018 $3,476 $19,660 $4,360 $15,300
2017 $3,601 $19,660 $4,360 $15,300
2016 $836 $20,140 $4,840 $15,300
2015 -- $20,340 $5,030 $15,310
2014 -- $20,600 $5,290 $15,310
Source: Public Records

Agents Affiliated with this Home

  • Frank Kovalchick

    Seller's Agent in 2023

    Frank Kovalchick

    Sportsman Trophy Properties Real Estate, LLC

    (484) 894-2231

    1 in this area

    1 Total Sale

    Frank Kovalchick
    Section Image

  • G

    Buyer's Agent in 2023

    Gregory Weidenbaum

    Redstone Run Realty, LLC

    (570) 517-4650

    3 in this area

    119 Total Sales

    Gregory Weidenbaum
    Section Image
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Map

Source: Bright MLS

MLS Number: PAMR2001436

Bright MLS

APN: 01.33.1.35

Pennsylvania Monroe County Cresco 18326

7178 Summit Farm Rd, Cresco, PA

This home is located at 7178 Summit Farm Rd, Cresco, PA 18326 since 01 November 2022 and is currently estimated at $784,433, approximately $287 per square foot. This property was built in 1897. 7178 Summit Farm Rd is a home located in Monroe County with nearby schools including Swiftwater Interm School, Swiftwater Elementary Center, and Pocono Mountain East Junior High School.

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