1000 Clay Avenue, Scranton, PA 18510 (MLS# 23-5279)

1000 Clay Avenue, Scranton, PA 18510

$680,000

Property Type: Residential Income Bedrooms: 8 Baths: 6 Lot Size (sq. ft.): 20,909 Status: Closed

Current Price: $680,000 List Date: 12/07/2023 Last Modified: 9/11/2024

Description

Luxurious Vancian-Inspired Mansion with Five Units. You've always wanted a Mansion, now you can have one! Welcome to 1000 Clay Avenue, an Italian Renaissance Revival turn-of-the-century mansion transformed into five luxurious residential units. Breathtaking views of the picturesque Scranton cityscape and the surrounding mountains. This Vancian-inspired property seamlessly blends historic charm with modern elegance. Elaborately carved limestone porch reminiscent of a Venetian palazzo. More than just a home, the Joseph Cassese House is a unique opportunity to own a piece of architectural and cultural heritage. Its historical significance and meticulously preserved features make it a truly rare find. Listed on the National Register of Historic Places (NRHP reference No. 97001258) and designed by renowned architect Lewis Hancock Jr.. This remarkable home exudes grandeur and sophistication., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1693.00, SqFt Fin - Main: 2099.00, SqFt Fin - 2nd: 1810.00

More Information MLS# 23-5279

Contract Information

Current Price: $680,000 Sold Price: $680,000 Status: Closed Listing Contract Date: 2023-12-07 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: Joseph Gallagher

Location Tax and Legal

Street Number: 1000 Street Name: Clay Street Suffix: Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 5 Bedrooms Total: 8 Bathrooms Total: 6 Bathrooms Full: 7 Above Grade Finished Area: 5602 Below Grade Finished Area: 520 Living Area: 6122 Enhanced Accessible: No Year Built: 1920 Year Built Source: Owner New Construction YN: No Garage Spaces: 2 Lot Size Acres: 0.48 Lot Size Dimensions: 160X130 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No List Price/SqFt: 114.33 Sold Price/SqFt: 111.07

Remarks and Miscellaneous

Public Remarks: Luxurious Vancian-Inspired Mansion with Five Units. You've always wanted a Mansion, now you can have one! Welcome to 1000 Clay Avenue, an Italian Renaissance Revival turn-of-the-century mansion transformed into five luxurious residential units. Breathtaking views of the picturesque Scranton cityscape and the surrounding mountains. This Vancian-inspired property seamlessly blends historic charm with modern elegance. Elaborately carved limestone porch reminiscent of a Venetian palazzo. More than just a home, the Joseph Cassese House is a unique opportunity to own a piece of architectural and cultural heritage. Its historical significance and meticulously preserved features make it a truly rare find. Listed on the National Register of Historic Places (NRHP reference No. 97001258) and designed by renowned architect Lewis Hancock Jr.. This remarkable home exudes grandeur and sophistication., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1693.00, SqFt Fin - Main: 2099.00, SqFt Fin - 2nd: 1810.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2024-02-07T19:26:56Z Major Change Type: Status Change Status Change Timestamp: 2024-02-07 Purchase Contract Date: 2023-12-13 Close Date: 2024-02-07 Close Price: 680000 Concessions: No Buyer Financing: Cash

Income and Expenses

Annual Total Expense: 25164 Cap Rate: 6.28 Electric Expense: 960 Gross Income: 69120 Gross Scheduled Income: 69120 Heat Expense: 6600 Insurance Expense: 2700 Manager Expense: 10404 Net Operating Income: 43956 Sewer Expense: 1800 Water Expense: 1800

Unit 1

Unit #: 1 Actual Rent: 2200 SqFt Total: 2099 Baths Total: 2 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Projected Rent

Unit 2

Unit #: 2 Actual Rent: 950 SqFt Total: 741 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 3 Actual Rent: 1215 SqFt Total: 1069 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2024-02-29

Unit 4

Unit #: 4 Actual Rent: 625 SqFt Total: 520 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 5 Actual Rent: 770 SqFt Total: 846 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit Details

1 Bedroom: 3 2 Bedroom: 1 3 Bedroom: 1

Road Frontage Type

Road Frontage Length: 160

Property Features

Appliances: Dishwasher; Range; Refrigerator Community Features: None Construction Materials: Brick Cooling: None Heating: Natural Gas; Radiant; Steam Laundry Features: None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot Parking Features: Asphalt; On Street Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Tile Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Showing Service Water Source: Public

Listing Office: Christian Saunders Real Estate

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.