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Indiana
1107 Ray Road
$291,500
● House - Off Market

1107 Ray Road

Cherryhll Twp/Clymer, PA 15765
bedrooms
3 Beds
bathrooms
3 Baths
$1,770
Est. Monthly
4.01%
Cap Rate

About This Property

Private Oasis minutes from Yellow Creek! This unique home features tons of windows and glass doors to enjoy the 1.9 acres with views for miles! Master bedroom with ensuite and walk-in closet. 3 full baths, large eat-in kitchen, with open concept massive living/great room. 2 loft additions, one with vaulted ceilings, beams, and skylights. Tons of windows. Hardwood floors on main level, two fireplaces (one gas, one wood). Multi-level decking to enjoy the views of the 6 fruit trees, fields and mountains. Both public and well water with Culligan system. Gas stove, fireplace and kitchenette run on propane. Make this retreat your home today!
Unit Size
-
Days on Market
-
Land Size
1.94 acres
Price per sqft
-
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (WPMLS #1632814)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Nov 21, 2023 In contract -
In contract
Nov 15, 2023 Listed by HOWARD HANNA KUZNESKI & LOCKARD R.E. - INDIANA $299,000
Listed by HOWARD HANNA KUZNESKI & LOCKARD R.E. - INDIANA

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1999
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 1
  • Basement Area: 2,868
  • Garage Type: 17
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 84,506
  • Total Building Area: 2,088
  • Gross Building Area: 2,088
  • Building Area: 2,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 2,088
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001940
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: AC= 1.94 1 HO

Neighborhood

  • School District Name: Penns Manor Area School District
  • School Tax School District: PENNS MANOR
  • Census Tract: 961300

Geography

  • Account Number: 00014026
  • District: 13
  • Parcel: 13-024-105.01
  • Municipality: CHERRYHILL TWP
  • Latitude: 40.5903
  • Longitude: -79.0319

    Address

  • Full Address: 1107 Ray Rd
  • Address - House Number: 1107
  • Address - Street Name: Ray
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Penn Run
  • Carrier Code: R021
  • 4-Digit Zip Code: 7535
  • Zip Code: 15765

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $259,074

    Appraisal Valuation

  • Standard Deviation: 0.1147
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 305,655
  • High Value: 340,742
  • Low Value: 270,569

    Market Valuation

  • Market Total Value: $173,700
  • Market Land Value: $24,500
  • Market Improvement Value: $149,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,700
  • Assessed Land Value: $24,500
  • Assessed Improvements Value: $149,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 15, 2024
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 342742
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Indiana

Stats & Trends

Median Asking:

$174,500

Sale Price/ft²

$127

Below Asking

0.02%

Average Days on Market

54

Average Home Size

879 ft²

Average Home Age

81.7 years

Currently For Sale

168 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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WPMLS

Listed by: Kristie Clark
HOWARD HANNA KUZNESKI & LOCKARD R.E. - INDIANA
Last Updated: 3 years ago
Data Source: WPMLS , MLS# 1632814
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1107 Ray Road built and last sold?
The property at 1107 Ray Road was built in 1970 and last sold on Jan 15, 2024 for $291,500.
How much is this home worth?
The estimated value of the home located at 1107 Ray Road is $0.
What are some comparable homes to 1107 Ray Road?
There are currently no comparable homes to 1107 Ray Road.
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