1362 Groveton St · Castle Shannon, PA 15234

$149,900

3 bd · 1.5 ba · 1,296 sqft · SingleFamily public records · 20 Days on market

Built 1950 0.32 ac lot $116/sqft · 31% below area Est $216k · 31% 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 +18.7/30.0
• ARV discount +15.0/15.0
• 1% rule +6.1/10.0
• DSCR +5.9/10.0
• Schools +4.7/10.0
• Livability +4.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Tucked away on a quiet dead-end street in Castle Shannon, this 4-bedroom, 1.5-bath home offers the perfect blend of peace, privacy, and everyday convenience. Step outside to enjoy a spacious yard with plenty of room for entertaining, gardening, pets, or simply relaxing, plus a storage shed for all your tools and outdoor equipment. Inside, you’ll find an inviting layout with comfortable living spaces and endless potential to make it your own. Whether you’re a first-time buyer, downsizing, or looking for a home with a quieter setting, this property delivers a rare opportunity to enjoy simple living in a great location. Schedule your tour today!

Key facts

• Spacious yard
• Great location
• Storage shed

Tags

• QUIET DEAD-END STREET
• SPACIOUS YARD
• STORAGE SHED
• COMFORTABLE LIVING SPACES
• GREAT LOCATION

Property features AI

Finance

• HOA & community: Public transportation nearby

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: 2 stories; Resale property
• Construction: Brick construction; Asphalt roof; Home warranty included
• Exterior features: Off-street parking; Lot approximately 0.32 acres

Interior

• Kitchen: Dishwasher; Stove; Refrigerator
• Flooring: Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Wall/window cooling units
• Interior features: Partial basement; Wood-burning fireplace
• Laundry & utility: Washer; Dryer; Some electric appliances

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 4.3% in Castle Shannon — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 94/100 on livability (#4 in PA, #9 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+.
• Keystone Oaks SD (suburban): math 45% / reading 65% proficiency, ranked #116 of 539 in PA (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Keystone Oaks Ms (math 30% / reading 58%, grade D, #202 of 512 statewide, top 40%, 382 students, 49% FRL); Keystone Oaks Hs (math 67% / reading 24%, grade D-, #183 of 437 statewide, top 43%, 570 students, 35% FRL).
• Market conditions: 33 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
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: 1.11% ✓
• Cap rate: 7.49%
• Cash-on-cash: 4.27%
• DSCR: 1.19
• GRM: 7.5

CMA / ARV

• ARV (median comp): $215,977
• List price: $149,900
• Delta: -30.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1362 Groveton St	0.00mi	4/1.5 (+1)	1,296 (0%)	0mo	$157,000	$121	95
1400 Hamilton Rd	0.33mi	3/2.5	1,320 (+2%)	3mo	$283,400	$215	75
1315 Martha St	0.57mi	3/1.5	1,325 (+2%)	1mo	$180,000	$136	69
3593 Middleboro Rd	0.51mi	3/1.5	1,331 (+3%)	4mo	$254,925	$192	69
3422 Lockridge Rd	0.35mi	3/1.5	1,163 (-10%)	1mo	$249,000	$214	66
921 Maple Ave	0.61mi	3/2.0	1,235 (-5%)	0mo	$250,000	$202	62
870 Middle Rd	0.75mi	3/1.5	1,318 (+2%)	3mo	$237,000	$180	60
4404 Mckee Dr	0.68mi	3/2.0	1,250 (-4%)	3mo	$260,000	$208	58
925 Lindenwood Dr	0.66mi	3/2.5	1,415 (+9%)	1mo	$331,733	$234	49
5354 Greenridge Dr	0.56mi	3/2.0	1,120 (-14%)	3mo	$260,000	$232	47
3704 Grant St	0.54mi	3/2.5	1,466 (+13%)	4mo	$225,000	$153	46
3391 Hiwood Dr	0.75mi	3/2.0	1,446 (+12%)	3mo	$260,000	$180	42

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: -9.5%
• Equity multiple: 0.65×
• Total profit: $-14,670
• Equity at exit: $22,351

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-107
• Equity at exit: $12,961

Cash invested: $41,972 (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 15234

• Home prices YoY: -29.8%
• Active inventory: 33
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,657 high
• Mortgage (P&I): −$786
• Tax from tax record: −$311 /mo · $3,733/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $149

Break-even live

Break-even rent $1,468

Max offer price $149,900

Occupancy floor 86%

Sensitivity live

Price	-10% $234	-5% $192	+0% $149	+5% $107	+10% $65
Rent	-10% $19	-5% $84	+0% $149	+5% $215	+10% $280
Rate	-1.0pp $225	-0.5pp $188	base $149	+0.5pp $111	+1.0pp $71

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1310 Martha St Pittsburgh, PA	3.0	1.0	1061	$1,050	$0.99	14d	1	0.56mi
930 Sleepy Hollow Rd Pittsburgh, PA	3.0	1.0	1020	$1,350	$1.32	45d	1	0.65mi
3131 May St Pittsburgh, PA	3.0	1.0	900	$1,375	$1.53	19d	1	0.66mi
100 White Hampton Ln Pittsburgh, PA	1.0–2.0	1.0–2.0	867	$1,720	$1.98	3d	19	0.73mi
957 Bockstoce Ave Pittsburgh, PA	2.0	1.0	900	$1,050	$1.17	45d	1	0.91mi
4723 Gardenville Rd Pittsburgh, PA	4.0	1.0	1576	$2,095	$1.33	9d	1	0.96mi
4102 Willow Ave Pittsburgh, PA	3.0	1.0	1091	$1,780	$1.63	9d	1	1.03mi
799-B Cooke Dr Pittsburgh, PA	2.0	1.0	988	$1,495	$1.51	19d	1	1.07mi
532 Charlotte Dr Pittsburgh, PA	3.0	1.0	1130	$1,750	$1.55	19d	1	1.16mi
1076 Thornwood Dr Pittsburgh, PA	4.0	2.0	1200	$2,200	$1.83	3d	1	1.22mi
633 Crystal Dr Pittsburgh, PA	4.0	2.0	1814	$3,000	$1.65	3d	1	1.26mi
405 Hoodridge Dr Pittsburgh, PA	2.0	2.0	1100	$1,150	$1.05	45d	1	1.36mi

Listing history 4 events

1. 2026-05-11
   historical Contingent 662-char remark
2. 2026-05-07
   listed $149,900 Active 662-char remark
3. 2010-06-02
   soldstatus $105,000
4. 1993-11-08
   soldstatus $80,000

ⓘ 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: $3,733 · $311/mo
• Projected year-2 tax: $3,733 · $311/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,885
• − Mortgage interest: −$8,397
• − Property taxes: −$3,733
• − Insurance: −$750
• − Repairs & maintenance: −$1,591
• − Management: −$1,591
• − Depreciation: −$4,361
• Taxable loss: −$537
• Est. tax savings @ 24.0%: +$129
• After-tax cash flow: $1,922/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: Keystone Oaks SD
• NCES district ID: 4212750
• Math proficiency: 45% ▼ -15.00%
• Reading proficiency: 65% ▼ -8.00%
• Median HH income: $54,066
• Composite: 47.24/100
• National rank: #2314
• State rank: #116 of 539 in PA

Livability — Castle Shannon

• Score: 94/100
• State rank: #4
• US rank: #9

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Castle Shannon, PA
• County: Allegheny County · 1,022,028 people
• City population: 14,330
• Metro: Pittsburgh, PA
• Population (ZIP): 14,014
• Household income: $78,366
• Rent vs Own: 29.5% rent · 70.5% own
• Severe rent burden: 338.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 5% Black 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 9% Slovak 1% Italian 1%
• Foreign-born: 6% · India, Canada, China
• Languages at home: 94% English-only · Other Indo-European 3% Arabic 1% Chinese 1%

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: ▼ -110.99%
• Current HPI: 261.6436
• Rent YoY: —
• Metro: Pittsburgh, PA
• 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

+96.2% since first listed

6 events — show timeline

• 2026-06-09 Sold (MLS) $157,000 West Penn MLS
• 2026-05-27 Pending — West Penn MLS
• 2026-05-11 Contingent — West Penn MLS
• 2026-05-07 Listed $149,900 West Penn MLS
• 2010-06-02 Sold (Public Records) $105,000 Public Records
• 1993-11-08 Sold (Public Records) $80,000 Public Records

Property tax history

+1.8%/yr

Latest (2026): $3,733 · +2.1% YoY. Source: county tax records.