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Wayne 18436
8 Big Spring Lane
$45,000
● House - Off Market

8 Big Spring Lane

Lake Ariel, PA 18436
bedrooms
2 Beds
bathrooms
0 Bath
$147,839
RealtyHop Estimate
196.27%
Since Jun 1, 2000
National-US
Primary Model

About This Property

Cobbs Lake Preserve cottage Neat as a pin. Situated on 1/2ac lot surrounded by green area and located in a preserve consisting of 540 acres of unspoiled lake and forest lands. Fishing and hunting for member/owners only!! All this at a price you can afford.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1979

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #GSB002247)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Sep 25, 2020 Sold
Premium
Sold
Aug 9, 2020 In contract -
In contract
Aug 2, 2020 Listed by Davis R Chant $229,000
Listed by Davis R Chant
Nov 8, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBBS LAKE PRESERVCE INC
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • Legal Description 1: LOT 3

Neighborhood

  • School District Name: Western Wayne School District
  • School Tax School District: W WAYNE SD
  • Census Tract: 961002

Geography

  • Assessors Map Reference: M-0047/0093
  • Account Number: 052484
  • Parcel: 12-0-0048-0003
  • Lot: 3
  • Municipality: LAKE
  • Latitude: 41.4763
  • Longitude: -75.3307

    Address

  • Full Address: 8 Big Spring Ln
  • Address - House Number: 8
  • Address - Street Name: Big Spring
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Lake Ariel
  • Zip Code: 18436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $354,637

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 61
  • Final Value: 212,584
  • High Value: 253,697
  • Low Value: 171,470

    Market Valuation

  • Market Total Value: $162,800
  • Market Land Value: $33,300
  • Market Improvement Value: $129,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,800
  • Assessed Land Value: $33,300
  • Assessed Improvements Value: $129,500

    Sales

  • Current Sale Contract Date: Sep 22, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202000006372
  • Previous Sale Recording Date: Nov 08, 2007
  • Previous Sale Contract Date: Oct 16, 2007
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 71
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

2269 ft²

Average Home Age

46.1 years

Currently For Sale

77 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: Linda Coccodrilli
Davis R Chant
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 8 Big Spring Lane built and last sold?
The property at 8 Big Spring Lane was built in 1979 and last sold on Sep 22, 2020 for $215,000.
How much is this home worth?
The estimated value of the home located at 8 Big Spring Lane is $234,275.
What are some comparable homes to 8 Big Spring Lane?
There are currently no comparable homes to 8 Big Spring Lane.
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