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Monroe 18466
626 Forest Drive
$278,000
● House - Off Market

626 Forest Drive

Tobyhanna, PA 18466
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$3,178
Est. Monthly
$1,591
HOA / Fees
-1.05%
Cap Rate

About This Property

This is the one you've been waiting for! Situated on a corner lot in a private gated section of A Pocono Country Place awaits your ideal vacation, second home or primary residence! This 8 room, 3 bedroom, 2 bath beauty offers 5 mini splits for comfort, wood burning fire place, supplemental propane heat, dining room, bonus room and loft! All aspects of the home have been tastefully appointed for your immediate ownership and enjoyment. Fortunate for the Pocono Investment Buyer, Coolbaugh Township and APCP HOA currently allows short term rentals. *Buyers and BAs encouraged to perform their due diligence to ensure rentals are permitted.*  There is an abundance of outdoor area to create the perfect outdoor entertainment spaces too!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$189
Property Type
House
Property Taxes
$163
HOA Dues
$1,591
Year Built
1990

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 (GSBR #GSBSC4787)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Dec 12, 2024 In contract -
In contract
Sep 12, 2024 Listed by ERA One Source Realty $289,900
Listed by ERA One Source Realty
Apr 26, 2023 Sold
Premium
Sold
Mar 22, 2023 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 13
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 9
  • 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: 11,326
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 1
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A POCONO COUNTRY PLACE
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: LOT 19 SEC B

Neighborhood

  • School District Name: Pocono Mountain School District
  • School Tax School District: 03
  • Census Tract: 300317

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: MAP NO: 6358-20
  • Account Number: 03635820917337
  • District: 03
  • Parcel: 03.3B.2.55
  • Block: 91
  • Lot: 19
  • Municipality: COOLBAUGH
  • Latitude: 41.1885
  • Longitude: -75.3526

    Address

  • Full Address: 626 Forest Dr
  • Address - House Number: 626
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Tobyhanna
  • Carrier Code: R006
  • 4-Digit Zip Code: 3109
  • Zip Code: 18466

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $46,934

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 59
  • Final Value: 153,167
  • High Value: 183,835
  • Low Value: 122,498

    Market Valuation

  • Market Total Value: $64,050
  • Market Land Value: $17,580
  • Market Improvement Value: $46,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,050
  • Assessed Land Value: $17,580
  • Assessed Improvements Value: $46,470

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 25, 2023
  • Current Sale Recording Date: Apr 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9743
  • Previous Sale Recording Date: Apr 11, 2017
  • Previous Sale Contract Date: Apr 10, 2017
  • Previous Sale Amount: $69,269
  • Previous Sale Document Type: 68
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 Monroe

Stats & Trends

Median Asking:

$349,250

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2226 ft²

Average Home Age

42.4 years

Currently For Sale

345 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 3528 Summit Drive, Tobyhanna, PA, 18466

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,056 ft²
3528 Summit Drive, Tobyhanna, PA, 18466 Listing by Laura Sandoval

Rentals Near You

Click here to view more rentals in the neighborhood.
GSBR

Listed by: Kelly J. Oltmann
ERA One Source Realty
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 626 Forest Drive built and last sold?
The property at 626 Forest Drive was built in 1990 and last sold on Apr 25, 2023 for $230,000.
How much is this home worth?
The estimated value of the home located at 626 Forest Drive is $288,978.
What are some comparable homes to 626 Forest Drive?
There are currently no comparable homes to 626 Forest Drive.
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