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Lackawanna 18446
1587 SR 107, Lake Sheridan
$580,000
● House - Off Market

1587 SR 107, Lake Sheridan

Nicholson, PA 18446
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,847 Ft²
$688,566
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

LAKEFRONT!  Enjoy beautiful lake views from the oversized deck, living rm and 1st floor Master Bedroom!  4 bedrooms, 3 baths, 5th BR or Office in LL.  Newer cherry kitchen w/granite counters.  Comfortable year round home.  26 x 14 screened porch. Walk out basement.  4 car garage!, Baths: 1 Bath Lev 2,2+ Bath Lev 1, Beds: 1 Bed 1st,2+ Bed 2nd, SqFt Fin - Main: 1326.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Formal Dining Room: Y, Dining Area: Y, Modern Kitchen: Y, SqFt Fin - 2nd: 1326.00, Additional Info: 2 story bedroom addition in 19902 parcels.  Dimensions approximate.  Also included is tax Map # 19.Total taxes are $4607.82
Unit Size
2,847 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$220
Property Type
House
Property Taxes
$323
HOA Dues
$35
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 (GSBR #GSB215145)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Nov 4, 2021 Listed by CLASSIC PROPERTIES $625,000
Listed by CLASSIC PROPERTIES
Sep 6, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARRY W SEAMANS EST
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 007

Neighborhood

  • School District Name: Lackawanna Trail School District
  • School Tax School District: LACKAWANNA TRL
  • Census Tract: 110201

Geography

  • District: 030
  • Parcel: 02814010019
  • Block: 150
  • Lot: 170
  • Municipality: BENTON TOWNSHIP
  • Latitude: 41.5991
  • Longitude: -75.7486

    Address

  • Full Address: 1587 Sr 107
  • Address - House Number: 1587
  • Address - Street Name: Sr 107
  • State: PA
  • City Name: Nicholson
  • Carrier Code: R002
  • 4-Digit Zip Code: 8301
  • Zip Code: 18446

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $406,404

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 280,085
  • High Value: 325,375
  • Low Value: 234,794

    Market Valuation

  • Market Total Value: $15,900
  • Market Land Value: $1,275
  • Market Improvement Value: $14,625

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,900
  • Assessed Land Value: $1,275
  • Assessed Improvements Value: $14,625

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202129802
  • Previous Sale Recording Date: Sep 06, 2006
  • Previous Sale Contract Date: Aug 31, 2006
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
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 Lackawanna

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2310 ft²

Average Home Age

76.3 years

Currently For Sale

499 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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GSBR

Listed by: Carol L Chisdak
CLASSIC PROPERTIES
Last Updated: 3 years ago
Data Source: GSBR , MLS#
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 1587 State Rte 107 built and last sold?
The property at 1587 State Rte 107 was built in and last sold on Dec 21, 2021 for $580,000.
How much is this home worth?
The estimated value of the home located at 1587 State Rte 107 is $0.
What are some comparable homes to 1587 State Rte 107?
There are currently no comparable homes to 1587 State Rte 107.
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