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Cheswick 15024
608 Locust Drive
$187,500
● House - Off Market

608 Locust Drive

Cheswick, PA 15024
bedrooms
3 Beds
bathrooms
1 Bath
$1,180
Est. Monthly
8.56%
Cap Rate

About This Property

Ranch home offering the perfect blend of comfort, convenience, and  peace with a cul-de-sac location. With recent updates, including new carpet in all three bedrooms and pergo vinyl flooring in the living room, new roof, new electrical panel, this home is move-in ready. The basement level can be used for storage, or is ready to be updated to a finished game-room. The large covered patio is ideal for outdoor entertaining, and the integral garage provides plenty of storage space. Don't miss this opportunity to make this your new home! Location is perfect for those who commute using Rt. 28, or the PA Turnpike!
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1950

Payment Calculator

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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 (WPMLS #1674773)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Premium
Sold
Oct 15, 2024 In contract -
In contract
Oct 4, 2024 Listed by BERKSHIRE HATHAWAY THE PREFERRED REALTY $189,000
Listed by BERKSHIRE HATHAWAY THE PREFERRED REALTY
Apr 8, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,619
  • Lot Size Frontage Feet: 840
  • Total Building Area: 1,080
  • Gross Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL VIEW PLAN
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 10
  • State Land Use Code: R
  • Legal Description 1: HILL VIEW PLAN OF LOTS LOT 4 = 40.56 X 17.33 X 25.86 X 75.00 X 80.00 62.04 1 STY FRA & BRK FRONT HSE & INT GAR 608

Neighborhood

  • School District Name: Allegheny Valley School District
  • School Tax School District: ALLEGHENY VLY
  • Census Tract: 418000

Geography

  • Assessors Map Reference: 0530-D
  • District: 815
  • Parcel: 0530-D-00111-0000-00
  • Block: 530D
  • Lot: 111
  • Municipality: CHESWICK
  • Latitude: 40.5478
  • Longitude: -79.8013

    Address

  • Full Address: 608 Locust Dr
  • Address - House Number: 608
  • Address - Street Name: Locust
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Cheswick
  • Carrier Code: C001
  • 4-Digit Zip Code: 1443
  • Zip Code: 15024

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,296
  • Tax Rate Code Area: ALLEGHENY

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 238,725
  • High Value: 335,409
  • Low Value: 142,040

    Market Valuation

  • Market Total Value: $95,900
  • Market Land Value: $35,100
  • Market Improvement Value: $60,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $95,900
  • Assessed Land Value: $35,100
  • Assessed Improvements Value: $60,800

    Sales

  • Current Sale Contract Date: Apr 07, 2020
  • Current Sale Recording Date: Apr 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 202009103
  • Previous Sale Recording Date: Jul 09, 1959
  • Previous Sale Contract Date: Jul 09, 1959
  • Previous Sale Document Type: 55

    Financing

  • First Mortgage Financing Type: FIX
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 Cheswick

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$208

Below Asking

0.03%

Average Days on Market

61

Average Home Size

1283 ft²

Average Home Age

76.2 years

Currently For Sale

5 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 1053 Butler Road, Springdale, PA, 15144

$1,625 /mo

  • 2 Beds
  • 2 Baths
  • 1,500 ft²
1053 Butler Road, Springdale, PA, 15144 Listing by Patti Garrigan

Rentals Near You

Click here to view more rentals in the neighborhood.
WPMLS

Listed by: Stephanie Robinson
BERKSHIRE HATHAWAY THE PREFERRED REALTY
Last Updated: 2 years ago
Data Source: WPMLS , MLS# 1674773
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 608 Locust Drive built and last sold?
The property at 608 Locust Drive was built in 1950 and last sold on Apr 7, 2020 for $120,000.
How much is this home worth?
The estimated value of the home located at 608 Locust Drive is $190,890.
What are some comparable homes to 608 Locust Drive?
There are currently no comparable homes to 608 Locust Drive.
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