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Wayne 18436
424 Old Gravity Road
$240,000
● House - Off Market

424 Old Gravity Road

Waymart, PA 18436
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$364,478
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Lovely country setting with bamboo tiger strand floors. Kitchen has granite counters with eating bar, stainless steel appliances included. Seperate diniing area. Porcelain tile, sculptured ceilings throughout. First floor laundry. Composite decks. Detached 30x32 garage with trusses give room for expansion of second floor. A beautiful home with great floor plan. 6 panel wood doors, oak moldings, Baths: 2+ Bath Lev 1,Modern, Beds: 2+ Bed 1st,Mstr 1st, SqFt Fin - Main: 1650.00, SqFt Fin - 3rd: 0.00, Tax Information: Available, Formal Dining Room: Y, Modern Kitchen: Y, SqFt Fin - 2nd: 0.00
Unit Size
1,650 Ft²
Days on Market
-
Land Size
5.46 acres
Price per sqft
$151
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1997

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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 #GSB194699)

Price History

Date / Event Date Event Price
Dec 10, 2019 Sold
Premium
Sold
Sep 28, 2019 Listed by Keller Williams Real Estate-Clarks Summit $249,000
Listed by Keller Williams Real Estate-Clarks Summit

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 7
  • Basement Area: 1,650
  • Garage Type: 4
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 237,838
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000005460
  • Standard Land Use Code: 9000
  • County Land Use Code: S27

Neighborhood

  • School District Name: Western Wayne School District
  • School Tax School District: W WAYNE SD
  • Census Tract: 960900

Geography

  • Assessors Map Reference: M-0083/0129
  • Account Number: 027748
  • Parcel: 24-0-0008-0004
  • Municipality: SOUTH CANAAN
  • Latitude: 41.4838
  • Longitude: -75.361

    Address

  • Full Address: 424 Old Gravity Rd
  • Address - House Number: 424
  • Address - Street Name: Old Gravity
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Lake Ariel
  • Carrier Code: R008
  • 4-Digit Zip Code: 4568
  • Zip Code: 18436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $593,495

    Market Valuation

  • Market Total Value: $258,600
  • Market Land Value: $74,600
  • Market Improvement Value: $184,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,600
  • Assessed Land Value: $74,600
  • Assessed Improvements Value: $184,000

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201900007966
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 Wayne

Stats & Trends

Median Asking:

$316,190

Sale Price/ft²

$183

Below Asking

0.04%

Average Days on Market

91

Average Home Size

2281 ft²

Average Home Age

45.2 years

Currently For Sale

75 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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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 424 Old Gravity Road built and last sold?
The property at 424 Old Gravity Road was built in 1997 and last sold on Oct 25, 2019 for $240,000.
How much is this home worth?
The estimated value of the home located at 424 Old Gravity Road is $0.
What are some comparable homes to 424 Old Gravity Road?
There are currently no comparable homes to 424 Old Gravity Road.
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