NOT LISTED FOR SALE

Estimated Value: $288,935 - $332,000

7 Beds
5 Baths
4,915 Sq Ft
$64/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $295,000 $60 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,049/month

34 Days on Market

Highlights

  • Victorian Architecture
  • Garage
  • Wood Siding
  • Porch

About This Home

As of July 2024

Welcome to 821 Olive Street, a delightful three-unit investment property in Scranton's historic Hill Section. This fully rented property blends timeless elegance with modern convenience, making it an attractive option for both tenants and investors.Ideally located near major hospitals and the University of Scranton, this property caters perfectly to students, professionals, and families. The neighborhood is renowned for its picturesque streets and welcoming community, adding to the property's appeal. Additionally, the inclusion of a garage offers valuable storage or parking options.Imagine owning a piece of history while enjoying reliable rental income. This charming property is more than just an investment; it's a place where stories unfold and memories are created. Don't miss your chance to be part of the Hill Section's vibrant community.

Last Listed By

Corey Christian

ERA One Source Realty, Peckville License #RS348877 Listed on: 05/24/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 70x130
  • No Common Walls

Home Design

  • Triplex
  • Victorian Architecture
  • Converted Dwelling
  • Stone Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,915 Sq Ft Home
  • 3-Story Property
  • Range
  • Laundry in unit
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, telephone, electricity
  • The owner pays for gas, water, taxes, sewer, snow removal, repairs, pest control, hot water, grounds care
  • Assessor Parcel Number 15721010022
  • $23,000 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Maintenance Expense $485
  • Water Sewer Expense $7,110

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Directions: On olive street left side going up
  • Unit Levels: Tri-Level
  • Lot Size Acres: 0.21
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1905
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Not In Development
  • ResoPoolFeatures: None
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s), Secured Garage/Parking, Fire Alarm
  • Income And Expenses Maintenance Expense: 485
  • Above Grade Finished Sq Ft: 4915
  • Architectural Style: Victorian, Converted
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Reso Structure Type: Multi Family, Triplex
  • AuctionYN: No
  • SchoolTaxAmount: 3288.70
  • EnhancedAcccessible: No
  • WaterExpense: 7109.77
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Has Basement: Unfinished
  • Number Of Buildings: 1
  • Spa Features: None
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace Features: None

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Waterfront: No
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Exterior Features: None
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • RoadFrontageLength: 70.00

Garage/Parking

  • Parking Features: Garage, On Street, Off Street

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: RT008
  • Current Use: Residential
  • Lot Dimensions: 70X130
  • Additional Parcels: No
  • Parcel #: 15721010022
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Cable TV, Telephone, Electricity
  • Owner Pays: Gas, Water, Taxes, Sewer, Snow Removal, Repairs, Pest Control, Hot Water, Grounds Care
  • Rent Control: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8567.23
  • Tax Book Number: 202101864
  • Tax Other Annual Assessment Amount: 23000

Multi Family

  • Number Of Units Total: 3
  • Income Includes: ["Rent Only"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Jul 23, 2024
Sold by
Kennedy John and Kennedy Jessica
Bought by
Dzo & Rpo Llc
Seller's Agent
Corey Christian
ERA One Source Realty, Peckville
Buyer's Agent
Kate Daye
Revolve Real Estate
List Price
$330,000
Sold Price
$295,000
Premium/Discount to List
-$35,000
-10.61%
Total Days on Market
34
Views
178
Current Estimated Value
$312,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,984
Avg. Annual Appreciation
8.10%
Original Mortgage
$236,000
Outstanding Balance
$234,380
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$78,604

Purchase Details

Listed on
Oct 16, 2020
Closed on
Dec 18, 2020
Sold by
Errard John F
Bought by
Kennedy John and Kennedy Jessica
Seller's Agent
Nell Donnelly-O'Boyle
Dwell Real Estate
Buyer's Agent
Corey Christian
ERA One Source Realty, Peckville
List Price
$269,900
Sold Price
$261,375
Premium/Discount to List
-$8,525
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%
Original Mortgage
$196,031
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2009
Sold by
Weissberger Stephen and Weissberger Esther
Bought by
Erhard John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
5.43%
Mortgage Type
Commercial

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
Dzo & Rpo Llc $295,000 None Listed On Document
Kennedy John $261,375 Mountain Abstract
Erhard John F $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dzo & Rpo Llc $236,000
Previous Owner Kennedy John $196,031
Previous Owner Erhard John F $198,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $295,000 -1.7% $60 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/20/2024 06/20/24 Price Changed $300,000 -9.1% $61 / Sq Ft
05/24/2024 05/24/24 For Sale $330,000 +26.3% $67 / Sq Ft
01/19/2021 01/19/21 Sold $261,375 -3.2% $53 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $269,900 -- $55 / 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 $9,432 $23,000 $14,000 $9,000
2024 $8,755 $23,000 $14,000 $9,000
2023 $8,755 $23,000 $14,000 $9,000
2022 $8,567 $23,000 $14,000 $9,000
2021 $8,567 $23,000 $14,000 $9,000
2020 $8,444 $23,000 $14,000 $9,000
2019 $7,986 $23,000 $14,000 $9,000
2018 $7,986 $23,000 $14,000 $9,000
2017 $7,878 $23,000 $14,000 $9,000
2016 $3,710 $23,000 $14,000 $9,000
2015 $6,279 $23,000 $14,000 $9,000
2014 -- $23,000 $14,000 $9,000
Source: Public Records

Agents Affiliated with this Home

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Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC2688

Greater Scranton Board of REALTORS®

APN: 15721010022