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Lackawanna 18411
1631 Falls Road
$290,000
● House - Off Market

1631 Falls Road

Clarks Summit, PA 18411
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,508 Ft²
$314,840
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Baths: 1 Bath Lev 1,1 Bath Lev L, Beds: 2+ Bed 1st, SqFt Fin - Main: 992.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Modern Kitchen: Y, SqFt Fin - 2nd: 0.00, Additional Info: Peaceful Country view out the living room window. Along with 3 bedrooms 2 baths. and an AMAZING Kitchen, center Island with separate eating area.New deck off kitchen for outdoor entertaining. 2 New bathrooms, lower laundry area. 1 acre of land.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$198
Property Type
House
Property Taxes
$328
HOA Dues
-
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 #GSB2215)

Price History

Date / Event Date Event Price
Mar 2, 2022 Sold
Premium
Sold
Jan 3, 2022 Listed by CLASSIC PROPERTIES $299,000
Listed by CLASSIC PROPERTIES
Jul 22, 2021 Sold
Premium
Sold
Jun 19, 2021 Listed by CLASSIC PROPERTIES $139,900
Listed by CLASSIC PROPERTIES
Jan 30, 2020 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

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: 40,171
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,000
  • 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
  • Land Acres: 0000000922
  • Standard Land Use Code: 1001
  • County Land Use Code: 007

Neighborhood

  • School District Name: Abington Heights School District
  • School Tax School District: ABINGTON HGHTS
  • Census Tract: 112400

Geography

  • District: 270
  • Parcel: 1090202000608
  • Municipality: NEWTON TOWNSHIP
  • Latitude: 41.4765
  • Longitude: -75.7716

    Address

  • Full Address: 1631 Falls Rd
  • Address - House Number: 1631
  • Address - Street Name: Falls
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Clarks Summit
  • Carrier Code: R002
  • 4-Digit Zip Code: 9644
  • Zip Code: 18411

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $402,020
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 344,851
  • High Value: 400,614
  • Low Value: 289,087

    Market Valuation

  • Market Total Value: $20,000
  • Market Land Value: $2,000
  • Market Improvement Value: $18,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $18,000

    Sales

  • Current Sale Contract Date: Mar 02, 2022
  • Current Sale Recording Date: Mar 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4411
  • Previous Sale Recording Date: Jul 22, 2021
  • Previous Sale Contract Date: Jul 04, 2021
  • Previous Sale Amount: $130,000
  • 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:

$254,900

Sale Price/ft²

$140

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2326 ft²

Average Home Age

75.4 years

Currently For Sale

496 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: MICHELLE VALVANO
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 1631 Falls Road built and last sold?
The property at 1631 Falls Road was built in and last sold on Mar 2, 2022 for $290,000.
How much is this home worth?
The estimated value of the home located at 1631 Falls Road is $0.
What are some comparable homes to 1631 Falls Road?
There are currently no comparable homes to 1631 Falls Road.
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