3743 Pitt St · Schellsburg, PA 15559

$185,000

4 bd · 1.0 ba · 2,658 sqft · SingleFamily public records · 44 Days on market

Built 1815 9,888 sqft lot $70/sqft · 38% below area Est $298k · 38% 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).

• ARV discount +15.0/15.0
• Cash flow +12.3/30.0
• Appreciation +8.0/10.0
• Schools +4.3/10.0
• DSCR +3.7/10.0
• 1% rule +3.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Own a piece of local history with this unique 1815 built home. Charm emanates from every corner of the home. Original leaded windows, beautiful center hall entry way. 5 fireplaces to warm your soul on winter nights. Located in the heart of Schellsburg, the home is one of the original buildings in town. 4 upstairs bedrooms, one of which is a ''backstairs'' bedroom, accessible from the eat-in kitchen. newer appliances come with the home. Wide plank wooden floors will glow radiantly with a little TLC. One bedroom has a porch looking out over the park like back yard. There are many antiques in the home, that can come with the house. (Some items are marked ''KEEP'' and are going with the Executrix of the estate. The home is definitely a diamond in the rough, but will polish up in to a very collectable gem, with the right owner with great aesthetic tastes, and a penchant for historical restoration.

Key facts

• Backstairs bedroom
• 5 fireplaces
• Eat-in kitchen

Tags

• 1815 BUILT HOME
• ORIGINAL LEADED WINDOWS
• CENTER HALL ENTRY WAY
• 5 FIREPLACES
• BACKSTAIRS BEDROOM
• EAT-IN KITCHEN

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-32 ($-390/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (15.7% below list).
• Recommended offer: $156k (15.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#1,154 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D+, amenities F, commute F.
• Chestnut Ridge SD (rural): math 41% / reading 60% proficiency, ranked #183 of 539 in PA (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 16 active listings in the ZIP; 54 units permitted in Bedford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $11k appreciation (6.0% local appreciation)).
• Bedford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.0% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 2 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 $83k; list at $185k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1815 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $155,886 (15.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1815 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 0.84% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.75%
• DSCR: 0.97
• GRM: 9.9

CMA / ARV

• ARV (median comp): $298,266
• List price: $185,000
• Delta: -37.97%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

5.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.6%
• Equity multiple: 1.98×
• Total profit: $50,904
• Equity at exit: $115,813

10-year hold

• IRR: 14.9%
• Equity multiple: 3.92×
• Total profit: $151,495
• Equity at exit: $209,603

Cash invested: $51,800 (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 15559

• Home prices YoY: 4.2%
• Active inventory: 16
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,559 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$217 /mo · $2,601/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $-32

Break-even live

Break-even rent $1,600

Max offer price $179,264

Occupancy floor 97%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $185,000 Active 44 DOM
2. 2026-06-17
   days on market $185,000 Active 43 DOM
3. 2026-06-16
   days on market $185,000 Active 42 DOM
4. 2026-06-15
   days on market $185,000 Active 41 DOM
5. 2026-06-13
   days on market $185,000 Active 39 DOM
6. 2026-06-12
   days on market $185,000 Active 38 DOM
7. 2026-06-09
   days on market $185,000 Active 35 DOM
8. 2026-06-08
   days on market $185,000 Active 34 DOM
9. 2026-06-08
   days on market $185,000 Active 33 DOM
10. 2026-06-07
    days on market $185,000 Active 32 DOM
11. 2026-06-04
    days on market $185,000 Active 29 DOM
12. 2026-06-02
    days on market $185,000 Active 28 DOM
13. 2026-06-01
    days on market $185,000 Active 27 DOM
14. 2026-05-31
    days on market $185,000 Active 26 DOM
15. 2026-05-04
    listed $185,000 Active 905-char remark

    Show marketing remark (905 chars)

    Own a piece of local history with this unique 1815 built home. Charm emanates from every corner of the home. Original leaded windows, beautiful center hall entry way. 5 fireplaces to warm your soul on winter nights. Located in the heart of Schellsburg, the home is one of the original buildings in town. 4 upstairs bedrooms, one of which is a ''backstairs'' bedroom, accessible from the eat-in kitchen. newer appliances come with the home. Wide plank wooden floors will glow radiantly with a little TLC. One bedroom has a porch looking out over the park like back yard. There are many antiques in the home, that can come with the house. (Some items are marked ''KEEP'' and are going with the Executrix of the estate. The home is definitely a diamond in the rough, but will polish up in to a very collectable gem, with the right owner with great aesthetic tastes, and a penchant for historical restoration.

16. 2004-10-01
    soldstatus $83,000
17. 2003-08-27
    listed $98,000
18. 1997-05-01
    soldstatus $45,000

ⓘ 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: $2,601 · $217/mo
• Projected year-2 tax: $2,762 · $230/mo
• Expected delta: +$161/yr (+$13/mo · 6.2%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,706
• − Mortgage interest: −$10,363
• − Property taxes: −$2,601
• − Insurance: −$925
• − Repairs & maintenance: −$1,497
• − Management: −$1,497
• − Depreciation: −$5,382
• Taxable loss: −$3,557
• Est. tax savings @ 24.0%: +$854
• After-tax cash flow: $464/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: Chestnut Ridge SD
• NCES district ID: 4205880
• Math proficiency: 41% ▼ -8.00%
• Reading proficiency: 60% ▼ -6.00%
• Median HH income: $44,762
• Composite: 42.63/100
• National rank: #3185
• State rank: #183 of 539 in PA

Livability — Schellsburg

• Score: 65/100
• State rank: #1154
• US rank: #13382

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schellsburg, PA
• Population (ZIP): 2,407

Population outlook (Bedford County) Hauer SSP2

• Today (2025): 45,395 people
• By 2030: 43,353 · -4.5%
• By 2040: 38,858 · -14.4%
• By 2050: 34,162 · -24.7%
• By 2075: 24,868 · -45.2%
• By 2100: 16,910 · -62.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 13% Iranian 2% Slovak 1%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 94% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Bedford

• 2024 margin: Solid R (+68.6) · D 15.4% · R 84.0%
• 2008→2024 swing: -23.8pp toward R · 2008: -44.8pp · 2024: -68.6pp
• All cycles: 2024: R+68.6 2020: R+67.7 2016: R+67.4 2012: R+54.9 2008: R+44.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.96%
• Current HPI: 147.0423
• 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

+311.1% since first listed

4 events — show timeline

• 2026-05-04 Listed $185,000 AHARMLS
• 2004-10-01 Sold (Public Records) $83,000 Public Records
• 2003-08-27 Listed $98,000 AHARMLS
• 1997-05-01 Sold (Public Records) $45,000 Public Records

Property tax history

+1.7%/yr

Latest (2026): $2,601 · +9.4% YoY. Source: county tax records.