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Old Forge 18518
205 Drakes Lane
$83,000
● House - Off Market

205 Drakes Lane

Old Forge, PA 18518
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,504 Ft²
$151,773
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

This one will not last long.. conveniently located 4 bedroom home on a corner lot. Refinished hardwood floors, new kitchen with breakfast bar, 1st floor laundry, large front porch & enclosed rear porch. Roof, furnace, hot water heater & electric service are all less than 2 years., Baths: 1 Bath Lev 2,1 Half Lev 1, Beds: 2+ Bed 2nd, SqFt Fin - Main: 764.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Formal Dining Room: Y, Modern Kitchen: Y, SqFt Fin - 2nd: 740.00
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$60
Property Type
House
Property Taxes
$102
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 #GSB162368)

Price History

Date / Event Date Event Price
Apr 1, 2019 Sold
Premium
Sold
Oct 5, 2018 Listed by NASSER REAL ESTATE, INC. $109,000
Listed by NASSER REAL ESTATE, INC.
Sep 13, 2016 Sold
Premium
Sold
May 18, 2016 Listed by NASSER REAL ESTATE, INC. $89,900
Listed by NASSER REAL ESTATE, INC.

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: 8,500
  • Lot Size Depth Feet: 1,700
  • 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: PENNSYLVANIA COAL CO
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 007

Neighborhood

  • School District Name: Old Forge School District
  • School Tax School District: OLD FORGE
  • Census Tract: 112600

Geography

  • District: 290
  • Parcel: 18407010023
  • Block: 22
  • Lot: 1
  • Municipality: OLD FORGE BOROUGH
  • Latitude: 41.3626
  • Longitude: -75.7473

    Address

  • Full Address: 205 Drakes Ln
  • Address - House Number: 205
  • Address - Street Name: Drakes
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Old Forge
  • Carrier Code: C023
  • 4-Digit Zip Code: 1439
  • Zip Code: 18518

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,776

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 126,024
  • High Value: 146,402
  • Low Value: 105,645

    Market Valuation

  • Market Total Value: $6,000
  • Market Land Value: $2,000
  • Market Improvement Value: $4,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,000
  • Assessed Land Value: $2,000
  • Assessed Improvements Value: $4,000

    Sales

  • Current Sale Contract Date: Mar 29, 2019
  • Current Sale Recording Date: Apr 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201904268
  • Previous Sale Recording Date: Sep 13, 2016
  • Previous Sale Contract Date: Sep 12, 2016
  • Previous Sale Amount: $83,000
  • 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 Old Forge

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$128

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1781 ft²

Average Home Age

72.3 years

Currently For Sale

12 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

Unit for rent at 163 Bianca Way, Old Forge, PA, 18518

$2,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,194 ft²
163 Bianca Way, Old Forge, PA, 18518 Listing by Jessica Suchter

Rentals Near You

Click here to view more rentals in the neighborhood.
GSBR

Listed by: Jim Nasser
NASSER REAL ESTATE, INC.
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 205 Drakes Lane built and last sold?
The property at 205 Drakes Lane was built in and last sold on Mar 29, 2019 for $106,500.
How much is this home worth?
The estimated value of the home located at 205 Drakes Lane is $113,968.
What are some comparable homes to 205 Drakes Lane?
There are currently no comparable homes to 205 Drakes Lane.
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