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Scranton 18504 West Mountain
515 Parallel Drive
$68,000
● House - Off Market

515 Parallel Drive

Scranton, PA 18504
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,716 Ft²
$704
Est. Monthly
16.35%
Cap Rate

About This Property

Ready for your next challenge?  This handy person's special is filled with potential!  Gut it and make it your own! Zoned single family (R-8), the property has a bath and kitchen on each floor.  For any use other than single family, contact the City of Scranton zoning department.  Property has a well and septic, condition unknown.  There is a 20' X 22' garage with access to second floor storage, hobby room. OPEN HOUSE SUNDAY NOON TO 1:30  NO SHOWINGS PRIOR TO OPEN HOUSECash only.  Estate Sale.
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$70
Property Type
House
Property Taxes
$115
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: 2 years ago (GSBR #GSBSC252290)

Price History

Date / Event Date Event Price
Jul 7, 2025 Sold
Premium
Sold
Jun 2, 2025 In contract -
In contract
May 14, 2025 Listed by REALTY NETWORK GROUP $120,000
Listed by REALTY NETWORK GROUP

Property Highlights

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: 29,540
  • Lot Size Depth Feet: 2,210
  • Lot Size Frontage Feet: 960
  • 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: 0000000678
  • Standard Land Use Code: 1001
  • County Land Use Code: 007

Neighborhood

  • School District Name: Scranton School District
  • School Tax School District: SCRANTON CITY
  • Census Tract: 101800

Geography

  • District: 340
  • Parcel: 13304010023
  • Block: 320
  • Lot: C
  • Municipality: SCRANTON CITY
  • Latitude: 41.4309
  • Longitude: -75.7071

    Address

  • Full Address: 515 Parallel Dr
  • Address - House Number: 515
  • Address - Street Name: Parallel
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Scranton
  • Carrier Code: C076
  • 4-Digit Zip Code: 1021
  • Zip Code: 18504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $137,454

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 69,578
  • High Value: 80,829
  • Low Value: 58,326

    Market Valuation

  • Market Total Value: $5,000
  • Market Land Value: $300
  • Market Improvement Value: $4,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,000
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 1991
  • Current Sale Recording Date: Aug 01, 1991
  • Current 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 West Mountain

Stats & Trends

Median Asking:

$269,000

Sale Price/ft²

$140

Below Asking

0.03%

Average Days on Market

63

Average Home Size

1761 ft²

Average Home Age

25.5 years

Currently For Sale

2 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: Ann E Cappellini
REALTY NETWORK GROUP
Last Updated: 2 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 515 Parallel Drive built and last sold?
The property at 515 Parallel Drive was built in and last sold on Aug 1, 1991 for $0.
How much is this home worth?
The estimated value of the home located at 515 Parallel Drive is $135,613.
What are some comparable homes to 515 Parallel Drive?
There are currently no comparable homes to 515 Parallel Drive.
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