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Lackawanna 18411
2306 Milwaukee Road
$395,000
● House - Off Market

2306 Milwaukee Road

Clarks Summit, PA 18411
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,414 Ft²
$2,308
Est. Monthly
5.87%
Cap Rate

About This Property

All brick 4 bedroom ranch set on a level 2 acre lot with a pond. Other amenities include central air, a 2 car garage, a covered patio, 1st floor laundry, hardwood floors, panoramic views & more!Freshly painted and new stainless steel refrigerator & dishwasher., Baths: 1 Bath Lev L,Modern,2+ Bath Lev 1, Beds: 2+ Bed 1st,1 Bed LL, SqFt Fin - Main: 1960.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Dining Area: Y, Modern Kitchen: Y, SqFt Fin - 2nd: 0.00, Additional Info: 4th bedroom is in the lower level along with one of the bathrooms.
Unit Size
2,414 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$172
Property Type
House
Property Taxes
$270
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 #GSB234716)

Price History

Date / Event Date Event Price
May 2, 2024 Sold
Premium
Sold
Feb 29, 2024 In contract -
In contract
Feb 19, 2024 Relisted $415,000
Relisted
Nov 12, 2023 In contract -
In contract
Nov 8, 2023 Price Decreased $409,000
↓ $20K (4.7%)
Price Decreased
Show More

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: 87,120
  • 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: 0000002000
  • 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: 13102010001
  • Block: 110
  • Lot: 160
  • Municipality: NEWTON TOWNSHIP
  • Latitude: 41.445
  • Longitude: -75.7823

    Address

  • Full Address: 2306 Milwaukee Rd
  • Address - House Number: 2306
  • Address - Street Name: Milwaukee
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Clarks Summit
  • Carrier Code: R003
  • 4-Digit Zip Code: 9578
  • Zip Code: 18411

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $323,624

    Appraisal Valuation

  • Standard Deviation: 0.1658
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 405,978
  • High Value: 473,295
  • Low Value: 338,662

    Market Valuation

  • Market Total Value: $16,100
  • Market Land Value: $1,100
  • Market Improvement Value: $15,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,100
  • Assessed Land Value: $1,100
  • Assessed Improvements Value: $15,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2008
  • Current Sale Recording Date: Aug 05, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 200819646
  • Previous Sale Recording Date: Dec 23, 1998
  • Previous Sale Contract Date: Dec 23, 1998
  • Previous Sale Document Type: 55
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

2319 ft²

Average Home Age

76.2 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: 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 2306 Milwaukee Road built and last sold?
The property at 2306 Milwaukee Road was built in and last sold on Jul 25, 2008 for $45,000.
How much is this home worth?
The estimated value of the home located at 2306 Milwaukee Road is $0.
What are some comparable homes to 2306 Milwaukee Road?
There are currently no comparable homes to 2306 Milwaukee Road.
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