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513 Melrose Ave, Clarks Summit, PA, 18411

4beds
2baths
3,000sqft
$299,000
$100price/sqft
$2,314/moest. monthly cost
$92,560/yrincome needed

About This Home

Amazing opportunity to own a home at an affordable price, have many ways to add value, and ALSO have income coming in! This large home offers a 3 bedroom home and a 1 bedroom apartment, with more space than appears from the outside - do NOT judge this book by its cover. The main home offers an oversized two car garage, a family room, a large living room, an eat-in kitchen, an office room, 1 and 1/2 bathrooms, laundry area upstairs, as well as a bonus walk-through space/living area upstairs. With updated LVP flooring and brand new carpet in the living room, stairs, and bedrooms, you can move right in, and make any updates as you go! There is also one level, one-bedroom apartment, which could be used as a small office, or as a traditional rental as it is currently being used.The large front yard is fenced in (see private remarks), and is amazing outdoor space surrounded by quiet neighbors. If you have been looking for the right home to make your move into the area, let this be one you check out!Sellers are owners and Real Estate Agents.

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

8/10
9/10

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Oven,Free-Standing Refrigerator

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Unfinished,Stone Floor

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Cooling

  • Cooling features: Ceiling Fan(s),Ductless

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,000
  • Common walls with other units/homes: 1 Common Wall

Interior Area

  • Total structure area: 3,000
  • Total interior livable area: 3,000 sqft

Property

Details

  • Parcel number: 0901801001300
  • Zoning: R1

Features

  • Stories: 2

Lot

  • Lot size: 7,405 sqft
  • Lot size dimensions: 36 x 125

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,511$18,132
Home Insurance *$126$1,512
Property Taxes $348$4,176
Electricity $329$3,949
Total$2,314$27,768
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,337/yr
40% on housing$69,420/yr
45% on housing$61,706/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.7%
11.7%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$100This listing

vs Other Active Listings

Avg $/sqft

ZIP 18411$187
Lackawanna County$127

vs Homes Sold Last Month

Median $/sqft

ZIP 18411$187
Lackawanna County$124

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$299,000
2023-12-07Listing removed--
2023-11-29Listed for rent$1,700
2023-06-22Sold$256,000
2023-05-18Pending sale$249,000
2023-05-18Listed for sale$249,000
2023-05-16Pending sale$249,000
2023-05-09Listed for sale$249,000
2021-08-10Sold$120,000
2014-07-26Listing removed$115,000
2014-04-15Price change$115,000
2013-09-28Listed for sale$139,000

For Sale by Agent

AgentJillian A Kemmerer
BrokerageLUXE Homes Real Estate LLC

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