NOT LISTED FOR SALE

749 Memorial Blvd Tobyhanna, PA 18466

Estimated Value: $499,246

3 Beds
3 Baths
3,600 Sq Ft
$139/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $400,000 $111 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,001/month

12 Days on Market

Highlights

  • 5.1 Acre Lot
  • Accessible Entrance
  • 1-Story Property
  • Brick or Stone Mason
  • Baseboard Heating

About This Home

As of December 2022

Amazing 3 unit commercial building currently housing 3 residential tenants with long term leases. You can keep as multi family, or run a business out of one or all of the units - Many potential uses for this property! Current net income sits at 25k, but room for growth with expansion or a land lease. Property has just over 5 acres of land on 611, and the property next door can be sold as well, which would provide just over 9 acres of commercial land for many uses on 611. Schedule your appointment today
#1 lease end 7/31/22 paying $1200
#2 lease M2M paying $1200
#3 lease M2M paying $1300

Lot next door - 2 parcels 3.44 acres and .59 acres; Auto body pays $1273, 1st floor duplex pays $1200, 2nd floor duplex pays $725 and single trailer pays $425; used to be a trailer park - C1 zoning

Last Agent to Sell the Property

Natasha Leap

D-N-A Property Management Co License #RM425404 Listed on: 10/21/2022

Last Buyer's Agent

Jacqueline Leonard

KW Commercial - Park Ave License #RS330934

KW Commercial - Park Ave

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5.1

Home Design

  • Brick or Stone Mason
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Utilities

  • No Cooling
  • Baseboard Heating
  • Separate Meters
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Accessible Entrance
  • 5.1 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 03.7.1.45

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $888
  • Other Expense $1,800
  • New Taxes Expense $11,329
  • Operating Expense $1,060
  • Gross Income $44,400
  • Net Operating Income $24,361

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Directions: From Mount Pocono take 611 North, Pass Hemlock Dr. Red roof, blue building on right side.
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Building Stories: 1
  • Year Built: 1941
  • PropertySubType: Multi Family
  • Lot Size Acres: 5.1
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 570-424-8131
  • MLS Status: Closed
  • Reso Accessibility Features: Accessible Entrance
  • ResoBuildingAreaSource: Public Records
  • Location Tax and Legal Parcel Number2: 03.7.1.45
  • Location Tax and Legal School Tax Amount2: 8188.52
  • Location Tax and Legal Tax Annual Amount2: 11146.46
  • Location Tax and Legal Zoning Description2: Commercial
  • General Property Information Stories2: 1
  • General Property Information Lot Size Acres: 5.1
  • Electric 200 Amp Service: Yes
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • Water Source:Well: Yes
  • General Property Information Basement YN: No
  • Security Features:Smoke Detector(s): Yes
  • Cooling None4: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Income And Expenses Operating Expense: 1060.0
  • Income And Expenses New Taxes Expense: 11329.0
  • Cooling Separate Meters: Yes
  • Income And Expenses Maintenance Expense: 888.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Water Heater
  • Basement YN: No

Exterior Features

  • Construction Type: Stone, Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Stone: Yes
  • Accessibility Features:Accessible Entrance: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Separate Meters, None
  • Electric: 200+ Amp Service
  • Heating: Baseboard, Electric
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Heating:Baseboard: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Sq Ft: 222156.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 03.7.1.45
  • Zoning Description: Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 11146.46
  • Tax Book Number: 2590/6301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Dec 2, 2022
Sold by
Foxhound Realty Llc
Bought by
Sofia Investments Llc
Seller's Agent
Natasha Leap
D-N-A Property Management Co
Buyer's Agent
Jacqueline Leonard
KW Commercial - Park Ave
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$499,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,246
Avg. Annual Appreciation
8.68%
Original Mortgage
$300,000
Outstanding Balance
$290,738
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
$210,460

Purchase Details

Closed on
Oct 7, 2021
Sold by
Psaroudakis Haralabos
Bought by
Foxhound Realty Llc

Purchase Details

Closed on
Feb 27, 2004
Bought by
Psaroudakis Haralabos
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
Sofia Investments Llc $400,000 Pocono Mountain Land Abstract
Foxhound Realty Llc $300,000 None Available
Psaroudakis Haralabos $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sofia Investments Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $400,000 -5.9% $111 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $425,000 0.0% $118 / Sq Ft
06/30/2019 06/30/19 Rented $950 0.0% --
06/28/2019 06/28/19 Under Contract -- -- --
06/14/2019 06/14/19 For Rent $950 +15.2% --
01/27/2014 01/27/14 Rented $825 -2.9% --
01/24/2014 01/24/14 Under Contract -- -- --
10/31/2013 10/31/13 For Rent $850 -- --
Source: Pocono Mountains 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 $4,094 $411,380 $109,130 $302,250
2024 $3,427 $411,380 $109,130 $302,250
2023 $10,975 $411,380 $109,130 $302,250
2022 $10,779 $411,380 $109,130 $302,250
2021 $10,592 $411,380 $109,130 $302,250
2020 $2,840 $404,250 $102,000 $302,250
2019 $7,451 $43,500 $6,470 $37,030
2018 $7,451 $43,500 $6,470 $37,030
2017 $7,538 $43,500 $6,470 $37,030
2016 $1,610 $43,500 $6,470 $37,030
2015 $6,146 $43,500 $6,470 $37,030
2014 $6,146 $55,540 $6,470 $49,070
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Natasha Leap

    D-N-A Property Management Co

    (570) 424-8131

    3 in this area

    26 Total Sales

    Natasha Leap
    Section Image

  • J

    Buyer's Agent in 2022

    Jacqueline Leonard

    KW Commercial - Park Ave

    Section Image

  • S

    Buyer's Agent in 2022

    Susan DiLeo

    Melchor Realty

    Section Image

  • P

    Buyer's Agent in 2022

    Phyllis Leone

    Keller Williams Real Estate - Stroudsburg

  • J

    Buyer's Agent in 2022

    Jacquelyn Leonard

    KW Commercial - Main St

  • Elzbieta Rosser

    Seller's Agent in 2019

    Elzbieta Rosser

    WEICHERT Realtors Acclaim - Tannersville

    (570) 517-9031

    127 in this area

    184 Total Sales

    Elzbieta Rosser
    Section Image
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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-101780

Pocono Mountains Association of REALTORS®

APN: 03.7.1.45

Pennsylvania Monroe County Tobyhanna 18466

749 Memorial Blvd, Tobyhanna, PA

This home is located at 749 Memorial Blvd, Tobyhanna, PA 18466 since 21 October 2022 and is currently estimated at $499,246, approximately $138 per square foot. This property was built in 1941. 749 Memorial Blvd is a home located in Monroe County with nearby schools including Clear Run Intermediate School, Pocono Mountain West Junior High School, and Pocono Mountain West 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.

Pocono Mountains Association of REALTORS® The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarilty the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Associations and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied.

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