Auction Details

SOLD! LANDMARK STONE MANOR OFFERS INCOME & EQUITY IN SCRANTON'S EAST MOUNTAIN SECTION

CLEVELAND AVENUE & SCRANTON-POCONO HWY, SCRANTON,  PA 18505
Auction Description

Magnificent Multi-family Manor
Landmark Home in the East Mountain Section of Scranton
 
Enjoy single-level living on the luxurious main floor plus income from two 2-BR apartments on the ground floor, or easily convertible to a single-family home. Your opportunity to own this captivating stone estate has arrived. Offered partially furnished.

* SELLS AT OR ABOVE $399,000 *
July 2021 appraisal: $549,000 market value

 
LIVE AUCTION
SATURDAY, SEPTEMBER 25

12 NOON



PREVIEW & REGISTRATION
SATURDAY, SEPTEMBER 25
11 AM - 12 NOON
 

1801 CLEVELAND AVENUE
SCRANTON-POCONO HWY (RT 307) & CLEVELAND AVENUE
SCRANTON, PA 18505

Click to Map
 
10% Buyer's Premium added to hammer price
Buyer's Premium due auction day by
winning bidder
Bidders must have Certified Bank Check
for $39,900 and
Gov't Photo ID to register
Any questions please let us know
 
Attention-getting from any angle, this stone exterior home features elegant formal rooms, casual spaces full of character, a light-filled sunroom, plus a separate entrance library/den or professional space. For effortless outdoor living, walk out from the remodeled open kitchen to the generous covered porch. Original 1930s front door welcomes guests from the sweeping stone entry stairs to the marble floor foyer. 

Home highlights:
- 3,526 sq ft on the main floor
- Multi-family, three separate 2-BR main and apartment homes/in-law suites
- Easily convertible to single, two-story, 6 BR home
- Move-in ready
- Single-level living
- 5.5 baths
- 6 bedrooms
- Offered partially furnished
- Five floor-to-ceiling fireplaces
- Hardwood floors
- High ceilings, some feature wooden planks or beams
- Abundant storage throughout
- Formal dining room adjacent to formal living room and foyer connected by graceful archways
- Deep window sills throughout
- Natural light
- Detailed woodwork, including chair rails and baseboards
- Separate-entrance professional or home office
- Double cedar closet on lower level
- Alarm system
- Highlights include granite countertops, hardwood floors, three gas fireplaces, abundant storage, landscaped corner lot, and oversized garage
- Utilities: Main home electric: $80 to $180; budget of $100/month
Apartment tenants pay their own electric
Main home gas: $311 to $441/month
Water: budget of $100/month
Private onsite septic
- Insurance: $991,000 of coverage for $132/month


Property highlights:
- Landmark house in East Mountain section of Scranton
- Short distance to Lake Scranton; scenic views on its peaceful 3.8-mile paved loop
- Perfect for entertaining indoors or out
- Generous covered patio with full dining areas and seating areas
- Outdoor living with ease; walkout from kitchen
- Low-maintenance landscaped corner lot
- Large park-like yard and mature trees
- Stone exterior, stones from the Watres Armory mansion
- Much of the exterior lighting was sourced from the Watres mansion and refinished by Baldwin Brass
- Roof most recent service and cleaning, 2021
- Oversized, 18' wide x 39' deep garage allows additional space for storage or workshop
- Pass-through paved driveway and space for RV or trailer parking
- Private septic and municipal water
- Furnace estimated age 2005-08; cleaned annually
- Central AC last serviced in August 2020


Ground-level APARTMENTS feature:
- Separate entrances, well apart from the main living area of the upper home
- Income and investment opportunity
- Current rate of $950/mo from rear apt; available front apt
- Front apartment, Vacant, 983 sq ft
- Rear apartment, Occupied, 937 sq ft
- Each with 2 bedrooms, 1 full bath
- Separate electric
- Views of the park-like grounds
- Large living rooms and bedrooms
- Each LR features a gas fireplace
- Spacious modern full baths and kitchens
- Wood-look laminate floor; new kitchen and bathroom floors in rear apt
- New kitchen tile backsplash and interior paint in front apt
- Washer/dryer in rear apt, hookups in front
- Multiple points of ingress/egress for safety and convenience


Parcel data:
- 15719020001 and 1571902000201
- Zoning: R1
- Land: .461 acres
- Elevation: 1300'
- Lat/Long: 41.39750, -75.63125
- Scranton School District: Prescott Elementary School, Northeast Intermediate School, Scranton High School
- TAX [15719020001] $7748.70 City & School + $1598.00 County

 

Announcements made auction day take precedence over any previous  written or stated information
 
ALL DATA IS DEEMED RELIABLE, BUT NOT GUARANTEED.

 
SEEK. WIN. CHERISH.

Proudly presented by Legacy Auction & Realty
Rich Coccodrilli, Jr., Lic. PA Auctioneer AU005571
570-656-3299

Terms & Conditions
With a minimum bid of just $399,000, this real estate will sell to the highest bidder.

- Our live auction at the premises begins at noon on Saturday, September 25, 2021. Registration begins at 11 AM.

- We strongly encourage bidders to arrange necessary financing ahead of auction day. Knowing the amount of a mortgage you are approved for determines how much you can pay for any property, no matter how you buy it.

- Real estate is offered and sells in as-is condition, where-is, with no representation or warranty, and with all faults and benefits. Data is deemed reliable but is NOT guaranteed accurate.

- Auction Day Registration: Bidders must present photo identification and a $39,900 bank cashier's check to register. Make check(s) payable to LEGACY AUCTION & REALTY. Balance of auction-day deposit, if any, is due by the winning bidder in the form of a personal or business check.

- Non-refundable buyer premium of ten percent (10%) of the winning bid will be added to the winning bid to equal the final sale price. This amount is due at the announcement of "SOLD!"

- The Winner! The successful purchaser will be required to deposit a bank cashier’s check for $39,900 and if necessary, increase the total deposit via personal or business check to 10% of the winning bid (hammer price). For example, a winning bid of $555,000 requires an additional auction-day payment of $15,600 ($39,900 + $15,600 = $55,500, equaling 10% of the winning bid).

- Closing within 30 days, or by/before October 25, 2021.

- For bidder FAQs, please see our web page Real Estate > For Buyers

- Seller guarantees clear title.

- This is not a foreclosure.

- Broker Participation: Legacy Auction & Realty offers a Broker/Salesperson commission paid at closing to any licensed real estate brokerage who properly submits a Client Registration form and whose client is the successful purchaser of the subject property. Real Estate Salesperson or Broker must register their prospect by 48 hours prior to the Auction and attend the open house and auction events with the client. Brokers acting as principals are excluded from broker participation. Please contact us for details.

- All announcements made day of sale take precedence over any previously stated or printed material or information.



 
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Stroudsburg, PA 18360

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Legacy Auction & Realty
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