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Montrose 18801
365 Lake Avenue
$505,328*
House - Off Market

365 Lake Avenue

Montrose, PA 18801
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4250 Sqft
$405,000 - $493,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jul 02, 2021
$460,000
$504,000 by Amerisave Mortgage Corporation
Mortgage Due Jul 01, 2052

About This Property

''A legend in its own time''Magnificent Turn of the Century Victorian on 1ac corner lot.It has historically been a part of the very fabric of the community since 1860 & continues to be so.Custom designed updates blend well with its dignified appearance.New pella windows,fire & security alarm,Hd/wd flrs,natural gas furnace,elec.service & wiring new & upgraded bathrooms. 3 floor elevator,gourmet kit.w/dbl dr.subzero refrig plus freezer, wine frig.,plus separate beverage frig.,6-burner cook top,2 wall ovens,warming oven & microwave,2 dishwashers,2 dbl stainless sinks,one on Island,corian counters & more.Tiered native stone patio w/firepit,grill,cozy seating area & hot tub hook-up.Brazilian cherry flrs in kit/great rm w/knotty pine cath ceiling & stone frpl w/gas insert. 3 spacious  bedrooms with baths plus Master suite with walk-in,his/her closets plus 2 separate office areas. 3Rd floor has heated large exercise room with 2 unfinished rooms for storage.Laid-up stone basement is insulated & carpeted with storage shelves & wine racks. The 2c Gar/Carriage house w/workshop & full 2nd flr.has elec/wtr & phone. Property is now receiving royalties. For the proper offer the OGM rights will convey.Walk to historic downtown

The manager has listed the unit size as 4250 square feet.
Unit Size
4,250Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$106
Property Type
House
Property Taxes
$7,059
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jul 2, 2021 Sold to Lofton Newton $460,000
Sold to Lofton Newton
May 25, 2021 In contract -
In contract
Sep 23, 2020 Relisted $449,000
Relisted
Sep 23, 2020 Price Increased $449,000
↑ $14K (3.2%)
Price Increased
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Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 45 LAKE AVE

Ownership

  • Current Owner : NEWTON LOFTON
  • Previous Owner : FITZGERALD MARY LEE
  • Previous Owner 2: MARTIN COMEY J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montrose Area School District
  • School Tax School District: MONTROSE AREA
  • Census Tract: 032600

Geography

  • Account Number: 18161
  • District: 30
  • Parcel: 124.14-1,014.00,000.
  • Municipality: MONTROSE BORO, 1ST
  • Latitude: 41.838
  • Longitude: -75.8726

    Address

  • Full Address: 365 Lake Ave
  • Address - House Number: 365
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Montrose
  • Carrier Code: C002
  • 4-Digit Zip Code: 1455
  • Zip Code: 18801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,876

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: May 24, 2023
  • Confidence Score: 68
  • Final Value: 462,305
  • High Value: 568,659
  • Low Value: 355,950

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $504,000
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Jun 17, 2022
  • First Open Lien Mortgage Loan Amount: $504,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $183,200
  • Market Land Value: $15,000
  • Market Improvement Value: $168,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,600
  • Assessed Land Value: $7,500
  • Assessed Improvements Value: $84,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Transaction ID: 11842422397
  • Current Sale Price: $460,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202105989

    Last Sale Mortgage

  • First Mortgage Lender: HOWARD HANNA MORTGAGE SERVICES
  • First Mortgage Transaction Date: Jul 02, 2021
  • First Mortgage Loan Amount: $368,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Montrose


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Frequently Asked Questions

When was property at 365 Lake Avenue built and last sold?
The property at 365 Lake Avenue was built in and last sold on Jul 1, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 365 Lake Avenue is $437,709.
What are some comparable homes to 365 Lake Avenue?
There are currently no comparable homes to 365 Lake Avenue.

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