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Lackawanna 18411
2029 LAUREL HILL Road
$255,000
● Land - Off Market

2029 LAUREL HILL Road

Clarks Summit, PA 18411
bedrooms
Studio
bathrooms
0 Bath
$629,907
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

Great farm land in a prime area in Newton Township. Lots of possibilities and potential. Existing barn and silo sit on one side of the road on 51 acres. Home sits on 1 acre across the street. Both home and barn are being sold as is. There are no gas leases on property., Tax Information: Available, Additional Info: Property is 4 separate parcels on one deed with one 22 acre lot, one 21 acre lot, one 7 1/3 acre lot, and one 1 acre lot
Unit Size
-
Days on Market
-
Land Size
52.87 acres
Price per sqft
-
Property Type
Land
Property Taxes
$307
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 #GSB125020)

Price History

Date / Event Date Event Price
Jan 19, 2016 Sold
Premium
Sold
Oct 1, 2015 Listed by O BOYLE REAL ESTATE LLC $139,900
Listed by O BOYLE REAL ESTATE LLC
Feb 26, 2013 Sold
Premium
Sold
Nov 1, 2012 Listed by O BOYLE REAL ESTATE LLC $300,000
Listed by O BOYLE REAL ESTATE LLC

Property Highlights

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: 43,560
  • 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: 0000001000
  • 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: 1210301000401
  • Municipality: NEWTON TOWNSHIP
  • Latitude: 41.4506
  • Longitude: -75.7533

    Address

  • Full Address: 2029 Laurel Hill Rd
  • Address - House Number: 2029
  • Address - Street Name: Laurel Hill
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Clarks Summit
  • Carrier Code: R003
  • 4-Digit Zip Code: 9541
  • Zip Code: 18411

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $180,909

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 194,728
  • High Value: 226,216
  • Low Value: 163,239

    Market Valuation

  • Market Total Value: $9,000
  • Market Land Value: $2,000
  • Market Improvement Value: $7,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,000
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $7,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2015
  • Current Sale Recording Date: Jan 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201600751
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

2330 ft²

Average Home Age

75.8 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: TINA TRAVER
O BOYLE REAL ESTATE LLC
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 2029 Laurel Hill Road built and last sold?
The property at 2029 Laurel Hill Road was built in and last sold on Dec 23, 2015 for $138,000.
How much is this home worth?
The estimated value of the home located at 2029 Laurel Hill Road is $0.
What are some comparable homes to 2029 Laurel Hill Road?
There are currently no comparable homes to 2029 Laurel Hill Road.
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