117 Pearl Ave · Harmar, PA 15024

$154,900

2 bd · 1.0 ba · 969 sqft · SingleFamily public records · 35 Days on market

Built 1930 3,136 sqft lot $160/sqft · 14% below area Est $181k · 14% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.1/30.0
• ARV discount +14.0/15.0
• DSCR +5.3/10.0
• 1% rule +4.2/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

Key facts

• Quartz countertops
• Ample closet space
• Farmhouse sink

Tags

• BUNGALOW STYLE HOME
• UPDATED CABINETRY
• QUARTZ COUNTERTOPS
• FARMHOUSE SINK
• STAINLESS STEEL APPLIANCES
• AMPLE CLOSET SPACE

Property features AI

Exterior

• Parking: Off-street parking for 4 vehicles
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property; Asphalt roof
• Construction: Asphalt roof
• Exterior features: 25x125 lot dimensions

Interior

• Kitchen: Kitchen (main level) 17x10; Dishwasher; Microwave; Refrigerator; Stove; Some gas appliances
• Bedrooms: Bedroom (main level): one bedroom listed as 14x10
• Flooring: Carpet; Ceramic tile; Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Window treatments; Unfinished basement
• Laundry & utility: Laundry room (lower level) 15x14; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $109 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (7.8% below list).
• Recommended offer: $143k (7.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Allegheny Valley SD (suburban): math 29% / reading 53% proficiency, ranked #341 of 539 in PA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 31 active listings in the ZIP; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $132k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 8→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,796 (7.8% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 7.14%
• Cash-on-cash: 3.01%
• DSCR: 1.13
• GRM: 9.0

CMA / ARV

• ARV (median comp): $180,860
• List price: $154,900
• Delta: -14.35%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
107 Orr Ave	0.23mi	3/1.5 (+1)	884 (-9%)	12mo	$145,000	$164	58
118 Clyde Ave	0.44mi	2/2.0	1,100 (+14%)	8mo	$163,000	$148	46
1007 Spruce St	0.53mi	2/2.0	1,032 (+6%)	22mo	$180,000	$174	42
116 Pillow Ave	0.65mi	2/2.0	1,110 (+15%)	24mo	$229,000	$206	22

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-18,181
• Equity at exit: $23,096

10-year hold

• IRR: -2.4%
• Equity multiple: 0.84×
• Total profit: $-6,949
• Equity at exit: $13,393

Cash invested: $43,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 15024

• Home prices YoY: -9.2%
• Active inventory: 31
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,428 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$142 /mo · $1,709/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $109

Break-even live

Break-even rent $1,290

Max offer price $154,900

Occupancy floor 87%

Sensitivity live

Price	-10% $196	-5% $153	+0% $109	+5% $65	+10% $21
Rent	-10% $-4	-5% $52	+0% $109	+5% $165	+10% $222
Rate	-1.0pp $187	-0.5pp $148	base $109	+0.5pp $69	+1.0pp $28

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $154,900 Active 35 DOM
2. 2026-06-17
   days on market $154,900 Active 34 DOM
3. 2026-06-16
   days on market $154,900 Active 33 DOM
4. 2026-06-15
   days on market $154,900 Active 32 DOM
5. 2026-06-13
   days on market $154,900 Active 30 DOM
6. 2026-06-09
   days on market $154,900 Active 26 DOM
7. 2026-06-08
   days on market $154,900 Active 25 DOM
8. 2026-06-07
   days on market $154,900 Active 24 DOM
9. 2026-06-03
   days on market $154,900 Active 20 DOM
10. 2026-06-02
    days on market $154,900 Active 19 DOM
11. 2026-06-01
    days on market $154,900 Active 18 DOM
12. 2026-05-31
    days on market $154,900 Active 17 DOM
13. 2026-05-14
    listed $159,900 Active 1061-char remark
14. 2024-01-02
    soldstatus $132,500
15. 2023-12-29
    soldstatus $132,500 Closed 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

16. 2023-11-07
    status Pending 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

17. 2023-10-27
    price $129,900 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

18. 2023-10-07
    price $139,900 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

19. 2023-09-01
    status Active 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

20. 2023-08-21
    historical Contingent 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

21. 2023-08-17
    listed $149,900 Active 1035-char remark

    Show marketing remark (1035 chars)

    Welcome to this classic Bungalow home, characterized by the efficient use of space, you will find this home inviting & cozy. The vibe of this updated home feels like new construction! Covered front porch leads to a living room bright with natural light boasting polished hardwood floors as well as crown moldings on the recently painted walls in a contemporary color palate. Large enough to fit a small dining table at the corner windows. Move to the Eat in Kitchen where you will be amazed by the amount of cabinet & storage space. White cabinetry with white Quartz Counters, updated stainless steel appliances including a Farm Sink, Gas Stove, Microwave, Dishwasher & Refrigerator make this kitchen a true Wow factor! The primary bedroom offers good closet space & leads to the captive 2nd bedroom ideal for a nursery or home office space. Full bath is form & function with a tub/shower combo. Fenced on both sides, the front yard feels private & can park 2 cars off street. Tiny with a big punch!

22. 2020-09-08
    soldstatus $48,000 Closed

    Show marketing remark (505 chars)

    This is the perfect starter home or fit for someone looking to downsize! The large, level and fenced in yard welcomes you to the covered front porch. The spacious living room and eat in kitchen are perfect areas for entertaining. You'll appreciate the generously sized bedrooms and closet space. One bedroom is held captive by the other and if not used for a bedroom would make the perfect office, play room or bonus space of your choice! Conveniently located just minutes to the PA Turnpike and Route 28!

23. 2020-08-03
    historical Contingent

    Show marketing remark (505 chars)

    This is the perfect starter home or fit for someone looking to downsize! The large, level and fenced in yard welcomes you to the covered front porch. The spacious living room and eat in kitchen are perfect areas for entertaining. You'll appreciate the generously sized bedrooms and closet space. One bedroom is held captive by the other and if not used for a bedroom would make the perfect office, play room or bonus space of your choice! Conveniently located just minutes to the PA Turnpike and Route 28!

24. 2020-07-30
    listed $51,900 Active

    Show marketing remark (505 chars)

    This is the perfect starter home or fit for someone looking to downsize! The large, level and fenced in yard welcomes you to the covered front porch. The spacious living room and eat in kitchen are perfect areas for entertaining. You'll appreciate the generously sized bedrooms and closet space. One bedroom is held captive by the other and if not used for a bedroom would make the perfect office, play room or bonus space of your choice! Conveniently located just minutes to the PA Turnpike and Route 28!

25. 2016-10-05
    historical Expired
26. 2016-08-14
    price $42,000
27. 2016-06-20
    price $43,900
28. 2016-04-02
    listed $44,900 Active
29. 2016-02-06
    historical Expired
30. 2015-11-30
    price $44,900
31. 2015-10-06
    price $48,500
32. 2015-08-06
    listed $49,800 Active
33. 2003-04-16
    soldstatus $35,000
34. 2003-02-13
    listed $36,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $1,709 · $142/mo
• Projected year-2 tax: $2,078 · $173/mo
• Expected delta: +$369/yr (+$31/mo · 21.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 8 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,136
• − Mortgage interest: −$8,677
• − Property taxes: −$1,709
• − Insurance: −$774
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$4,506
• Taxable loss: −$1,273
• Est. tax savings @ 24.0%: +$305
• After-tax cash flow: $1,611/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Allegheny Valley SD
• NCES district ID: 4202190
• Math proficiency: 29% ▼ -15.00%
• Reading proficiency: 53% ▼ -13.00%
• Median HH income: $48,049
• Composite: 35.04/100
• National rank: #5037
• State rank: #341 of 539 in PA

Livability — Harmar

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 9,192

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Asian 3% Two or more races 3% Black 2%
• Common ancestry: Romanian 11% Italian 2% Lithuanian 2%
• Foreign-born: 5% · China, Canada
• Languages at home: 94% English-only · Chinese 2% Other Indo-European 2%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.38%
• Current HPI: 248.9181
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+330.3% since first listed

23 events — show timeline

• 2026-05-29 Price Changed $154,900 West Penn MLS
• 2026-05-14 Listed $159,900 West Penn MLS
• 2024-01-02 Sold (Public Records) $132,500 Public Records
• 2023-12-29 Sold (MLS) $132,500 West Penn MLS
• 2023-11-07 Pending — West Penn MLS
• 2023-10-27 Price Changed $129,900 West Penn MLS
• 2023-10-07 Price Changed $139,900 West Penn MLS
• 2023-09-01 Relisted — West Penn MLS
• 2023-08-21 Contingent — West Penn MLS
• 2023-08-17 Listed $149,900 West Penn MLS
• 2020-09-08 Sold (MLS) $48,000 West Penn MLS
• 2020-08-03 Contingent — West Penn MLS
• 2020-07-30 Listed $51,900 West Penn MLS
• 2016-10-05 Delisted — West Penn MLS
• 2016-08-14 Price Changed $42,000 West Penn MLS
• 2016-06-20 Price Changed $43,900 West Penn MLS
• 2016-04-02 Listed $44,900 West Penn MLS
• 2016-02-06 Delisted — West Penn MLS
• 2015-11-30 Price Changed $44,900 West Penn MLS
• 2015-10-06 Price Changed $48,500 West Penn MLS
• 2015-08-06 Listed $49,800 West Penn MLS
• 2003-04-16 Sold (MLS) $35,000 West Penn MLS
• 2003-02-13 Listed $36,000 West Penn MLS

Property tax history

+3.8%/yr

Latest (2026): $1,709 · +1.8% YoY. Source: county tax records.