612 Pine Ave · Cheswick, PA 15024

$159,000

3 bd · 1.0 ba · 875 sqft · SingleFamily public records · 54 Days on market

Built 1951 6,351 sqft lot $182/sqft · 19% below area Est $198k · 19% under

---

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 +19.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3-bedroom, 1-bath home in Cheswick, owned and maintained by the same family for over 30 years. The home offers a functional layout with three bedrooms, providing flexibility for living space, a home office, or guest use. A covered front porch adds usable outdoor space and a great place to relax. Inside, the home is comfortable as-is, with the opportunity for light updates over time to add value and personalize the space. This property presents a solid option for buyers entering the market, those looking to simplify their space, or anyone interested in the convenience of main-level living. Convenient location with access to shopping, amenities, and major routes.

Key facts

• Covered front porch
• Functional layout
• Convenient location

Tags

• COVERED FRONT PORCH
• FUNCTIONAL LAYOUT
• MAIN-LEVEL LIVING
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $186 ($2k/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 $156k (1.7% below list).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#176 in PA, #1,469 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F.
• 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 54 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 31y 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 $52k; list at $159k implies a 209% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 7.70%
• Cash-on-cash: 5.01%
• DSCR: 1.22
• GRM: 8.5

CMA / ARV

• ARV (median comp): $197,506
• List price: $159,000
• Delta: -19.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
808 Thompson Run Rd	0.44mi	2/1.0 (-1)	920 (+5%)	9mo	$137,000	$149	58
107 Orr Ave	0.63mi	3/1.5	884 (+1%)	12mo	$145,000	$164	56
812 Orchard St	0.37mi	2/2.0 (-1)	823 (-6%)	20mo	$161,000	$196	47

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: -8.5%
• Equity multiple: 0.69×
• Total profit: $-13,934
• Equity at exit: $23,707

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $3,079
• Equity at exit: $13,747

Cash invested: $44,520 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,562 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$148 /mo · $1,781/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $186

Break-even live

Break-even rent $1,327

Max offer price $159,000

Occupancy floor 83%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-07
   status $159,000 Pending 54 DOM
2. 2026-06-03
   days on market $159,000 Contingent 54 DOM
3. 2026-06-02
   days on market $159,000 Contingent 53 DOM
4. 2026-06-01
   days on market $159,000 Contingent 52 DOM
5. 2026-05-31
   days on market $159,000 Contingent 51 DOM
6. 2026-05-15
   historical Contingent 685-char remark

   Show marketing remark (685 chars)

   Welcome to this 3-bedroom, 1-bath home in Cheswick, owned and maintained by the same family for over 30 years. The home offers a functional layout with three bedrooms, providing flexibility for living space, a home office, or guest use. A covered front porch adds usable outdoor space and a great place to relax. Inside, the home is comfortable as-is, with the opportunity for light updates over time to add value and personalize the space. This property presents a solid option for buyers entering the market, those looking to simplify their space, or anyone interested in the convenience of main-level living. Convenient location with access to shopping, amenities, and major routes.

7. 2026-04-10
   listed $159,000 Active 685-char remark

   Show marketing remark (685 chars)

   Welcome to this 3-bedroom, 1-bath home in Cheswick, owned and maintained by the same family for over 30 years. The home offers a functional layout with three bedrooms, providing flexibility for living space, a home office, or guest use. A covered front porch adds usable outdoor space and a great place to relax. Inside, the home is comfortable as-is, with the opportunity for light updates over time to add value and personalize the space. This property presents a solid option for buyers entering the market, those looking to simplify their space, or anyone interested in the convenience of main-level living. Convenient location with access to shopping, amenities, and major routes.

8. 1995-10-20
   soldstatus $51,500 76-char remark

   Show marketing remark (76 chars)

   PERFECT STARTER MOVE IN CONDITION REAL DOLL HOUSE ALL NEGOTIONS THRU L/AGENT

9. 1995-08-15
   soldstatus $51,500
10. 1995-05-15
    listed $53,900 76-char remark

    Show marketing remark (76 chars)

    PERFECT STARTER MOVE IN CONDITION REAL DOLL HOUSE ALL NEGOTIONS THRU L/AGENT

11. 1982-06-07
    soldstatus $31,000

ⓘ 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: $1,781 · $148/mo
• Projected year-2 tax: $2,147 · $179/mo
• Expected delta: +$366/yr (+$30/mo · 20.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 18 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: $18,749
• − Mortgage interest: −$8,906
• − Property taxes: −$1,781
• − Insurance: −$795
• − Repairs & maintenance: −$1,500
• − Management: −$1,500
• − Depreciation: −$4,625
• Taxable loss: −$358
• Est. tax savings @ 24.0%: +$86
• After-tax cash flow: $2,316/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 — Cheswick

• Score: 81/100
• State rank: #176
• US rank: #1469

Category grades

Amenities F Commute B+ Cost of living A+ Crime A+ Employment B Housing A+ Health & safety C User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cheswick, PA
• 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

+412.9% since first listed

6 events — show timeline

• 2026-05-15 Contingent — West Penn MLS
• 2026-04-10 Listed $159,000 West Penn MLS
• 1995-10-20 Sold (MLS) $51,500 West Penn MLS
• 1995-08-15 Sold (Public Records) $51,500 Public Records
• 1995-05-15 Listed $53,900 West Penn MLS
• 1982-06-07 Sold (Public Records) $31,000 Public Records

Property tax history

+0.3%/yr

Latest (2026): $1,781 · +0.9% YoY. Source: county tax records.