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Lackawanna 18411
1643 Falls Road
$380,000
● House - Off Market

1643 Falls Road

Clarks Summit, PA 18411
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,848 Ft²
$449,593
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Lots of square footage and room to roam in this sprawling ranch.  2016 Addition has 2 separate entrances with 1-2 bedrooms and oversized living room/fireplace and bath, Handicap accessible.  2 car built in and 2 car detached garage. 2.5 acres with lots of road frontage. Main area has corner fireplace, unheated sunroom 25x18 with loft for game room. Hardwood floors under carpet.  Central air addition & ductless in original house, Baths: 2+ Bath Lev 1,Modern, Beds: 2+ Bed 1st, SqFt Fin - Main: 2598.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Formal Dining Room: Y, SqFt Fin - 2nd: 0.00, Additional Info: Heated sun room & unheated sunroom.  Sprawling ranch on 2.5 acres in Abington SD
Unit Size
2,848 Ft²
Days on Market
-
Land Size
2.50 acres
Price per sqft
$137
Property Type
House
Property Taxes
$295
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 #GSB212027)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
May 23, 2021 Listed by Keller Williams Real Estate-Clarks Summit $389,000
Listed by Keller Williams Real Estate-Clarks Summit

Property Highlights

Air Conditioning
Fireplace
Garage

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: 43,500
  • Lot Size Depth Feet: 4,350
  • Lot Size Frontage Feet: 1,000
  • 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: 0000000998
  • 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: 10902020007
  • Block: 14
  • Lot: 7
  • Municipality: NEWTON TOWNSHIP
  • Latitude: 41.4747
  • Longitude: -75.7738

    Address

  • Full Address: 1643 Falls Rd
  • Address - House Number: 1643
  • 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: $361,818

    Appraisal Valuation

  • Standard Deviation: 0.2364
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 374,597
  • High Value: 463,186
  • Low Value: 286,007

    Market Valuation

  • Market Total Value: $18,000
  • Market Land Value: $1,400
  • Market Improvement Value: $16,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $1,400
  • Assessed Improvements Value: $16,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202115996
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

2321 ft²

Average Home Age

76.3 years

Currently For Sale

492 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: Sherrie L Miller
Keller Williams Real Estate-Clarks Summit
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 1643 Falls Road built and last sold?
The property at 1643 Falls Road was built in and last sold on Jun 10, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 1643 Falls Road is $392,394.
What are some comparable homes to 1643 Falls Road?
There are currently no comparable homes to 1643 Falls Road.
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