38 Cedar Rdg · Hawley, PA 18428

$339,000

3 bd · 2.0 ba · 2,122 sqft · SingleFamily public records · 108 Days on market

Built 2005 1.01 ac lot $160/sqft · 9% below area Est $564k · 40% under $40/mo HOA · 2% of rent ↓ 15% since listing

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Why this score? — see what drove the D+ 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
• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.7/10.0

Listing remarks MLS

Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

Key facts

• Full acre
• Two full kitchens
• 1.01 acre lot

Tags

• KATAHDIN CEDAR LOG HOME
• TWO FULL KITCHENS
• ABUNDANCE OF CLOSET SPACE
• DETACHED TWO-CAR GARAGE
• FULL ACRE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $339k.

Deal economics

• At list price, monthly cash flow is $-406 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $267k (21.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (26.3% below list).
• Recommended offer: $250k (26.3% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 4.0% in Hawley — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 68/100 on livability (#898 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: schools C-, amenities F, commute F.
• Wallenpaupack Area SD (rural): math 39% / reading 59% proficiency, ranked #192 of 539 in PA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 371 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 213 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Pike County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago; this cycle's ask has dropped $41k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $222k; list at $339k implies a 53% gain — meaningful room to come down on a strong offer.

Recommended offer $250,000 (26.3% 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 108 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.74% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.13%
• DSCR: 0.77
• GRM: 11.3

CMA / ARV

• ARV (median comp): $564,434
• List price: $339,000
• Delta: -39.94%
• Verdict: UNDERPRICED
• Comps: 5 within 2.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2058 Route 590	0.45mi	3/2.0	2,340 (+10%)	8mo	$500,000	$214	56
173 Covered Bridge Dr	0.73mi	3/3.0	2,000 (-6%)	8mo	$255,000	$128	46
90 Rocky View Dr	0.65mi	4/1.5 (+1)	1,890 (-11%)	4mo	$340,000	$180	41
151 Garrity Rd	0.68mi	3/3.0	2,308 (+9%)	17mo	$360,000	$156	36
112 Rocky View Dr	0.61mi	3/2.5	2,323 (+10%)	22mo	$460,000	$198	35

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 2.67×
• Total profit: $158,832
• Equity at exit: $305,398

10-year hold

• IRR: 18.8%
• Equity multiple: 6.14×
• Total profit: $488,190
• Equity at exit: $658,602

Cash invested: $94,920 (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 18428

• Home prices YoY: 9.2%
• Active inventory: 371
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,778
• Tax from tax record: −$422 /mo · $5,064/yr
• Insurance: −$141
• HOA: −$40
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $-406

Break-even live

Break-even rent $3,014

Max offer price $267,281

Occupancy floor —

Sensitivity live

Price	-10% $-214	-5% $-310	+0% $-406	+5% $-502	+10% $-598
Rent	-10% $-603	-5% $-505	+0% $-406	+5% $-307	+10% $-208
Rate	-1.0pp $-235	-0.5pp $-320	base $-406	+0.5pp $-494	+1.0pp $-583

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: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8 Hutchinson Ct Hawley, PA	3.0	2.0	1400	$2,500	$1.79	5d	1	1.26mi

HOA detail

• Monthly dues: $40 · $480/yr

Listing history 27 events

1. 2026-06-17
   status $339,000 Pending 108 DOM
2. 2026-06-16
   days on market $339,000 Active 108 DOM
3. 2026-06-15
   days on market $339,000 Active 107 DOM
4. 2026-06-13
   days on market $339,000 Active 105 DOM
5. 2026-06-13
   days on market $339,000 Active 104 DOM
6. 2026-06-09
   days on market $339,000 Active 101 DOM
7. 2026-06-08
   days on market $339,000 Active 100 DOM
8. 2026-06-07
   days on market $339,000 Active 99 DOM
9. 2026-06-04
   days on market $339,000 Active 96 DOM
10. 2026-06-03
    days on market $339,000 Active 95 DOM
11. 2026-06-02
    days on market $339,000 Active 94 DOM
12. 2026-06-01
    days on market $339,000 Active 93 DOM
13. 2026-05-31
    days on market $339,000 Active 92 DOM
14. 2026-04-09
    price $339,000 1341-char remark

    Show marketing remark (1341 chars)

    Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

15. 2026-03-15
    price $355,000 1341-char remark

    Show marketing remark (1341 chars)

    Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

16. 2026-03-14
    status Active 1341-char remark

    Show marketing remark (1341 chars)

    Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

17. 2026-03-05
    status Pending 1341-char remark

    Show marketing remark (1341 chars)

    Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

18. 2026-02-17
    listed $380,000 Active 1341-char remark

    Show marketing remark (1341 chars)

    Welcome to 38 Cedar Ridge Road in Woodledge Village -- a stunning Katahdin cedar log home set on a full acre in beautiful Hawley, PA. From the moment you arrive, you'll appreciate the warmth and craftsmanship that only a true cedar log home can offer. This spacious residence features 6 bedrooms and 4 full bathrooms, making it ideal for large households or those seeking flexible living space. One of the standout features is the presence of two full kitchens, creating the perfect setup for multi-generational living, extended guests, or private in-law accommodations. The main kitchen is beautifully appointed with granite countertops, offering both style and durability for everyday living and entertaining. Throughout the home, you'll find an abundance of closet space -- something rarely seen in log homes -- along with generous room sizes and versatile layout options to fit your lifestyle needs. The detached two-car garage provides plenty of space for vehicles, storage, or hobby use. Situated on a full acre, the property offers privacy while still being part of the desirable Woodledge Village community. If you've been searching for character, space, and flexibility -- all wrapped in timeless cedar craftsmanship -- this Hawley property delivers. All information and measurements are approximate and not warranted or guaranteed.

19. 2020-04-17
    soldstatus $222,101
20. 2020-04-17
    soldstatus $222,101
21. 2020-04-17
    soldstatus
22. 2020-04-17
    soldstatus $222,101
23. 2019-10-28
    listed $189,900
24. 2019-08-13
    listed $189,900
25. 2019-08-13
    listed $189,900
26. 2019-08-13
    listed $189,900
27. 2016-08-16
    listed $399,000

ⓘ 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: $5,064 · $422/mo
• Projected year-2 tax: $5,210 · $434/mo
• Expected delta: +$146/yr (+$12/mo · 2.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$18,989
• − Property taxes: −$5,064
• − Insurance: −$1,695
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − HOA: −$480
• − Depreciation: −$9,862
• Taxable loss: −$10,890
• Est. tax savings @ 24.0%: +$2,614
• After-tax cash flow: $-2,258/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: Wallenpaupack Area SD
• NCES district ID: 4224750
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 59% ▼ -5.00%
• Median HH income: $51,027
• Composite: 41.97/100
• National rank: #3345
• State rank: #192 of 539 in PA

Livability — Hawley

• Score: 68/100
• State rank: #898
• US rank: #9570

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,446

Population outlook (Pike County) Hauer SSP2

• Today (2025): 53,548 people
• By 2030: 51,622 · -3.6%
• By 2040: 46,490 · -13.2%
• By 2050: 40,372 · -24.6%
• By 2075: 31,951 · -40.3%
• By 2100: 26,821 · -49.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 8% Two or more races 6% Black 1% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Romanian 5% Portuguese 3% Italian 2%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Pike

• 2024 margin: Strong R (+24.1) · D 37.6% · R 61.6%
• 2008→2024 swing: -19.8pp toward R · 2008: -4.2pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+19.0 2016: R+26.0 2012: R+11.0 2008: R+4.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 28.60%
• Current HPI: 340.8254
• 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

-15.0% since first listed

14 events — show timeline

• 2026-04-09 Price Changed $339,000 GSBR as distributed by MLS GRID
• 2026-03-15 Price Changed $355,000 GSBR as distributed by MLS GRID
• 2026-03-14 Relisted — GSBR as distributed by MLS GRID
• 2026-03-05 Pending — GSBR as distributed by MLS GRID
• 2026-02-17 Listed $380,000 GSBR as distributed by MLS GRID
• 2020-04-17 Sold (MLS) $222,101 PWMLS
• 2020-04-17 Sold (MLS) — PWMLS
• 2020-04-17 Sold (MLS) $222,101 PMAR
• 2020-04-17 Sold (MLS) $222,101 PWMLS
• 2019-10-28 Listed $189,900 PMAR
• 2019-08-13 Listed $189,900 PWMLS
• 2019-08-13 Listed $189,900 PWMLS
• 2019-08-13 Listed $189,900 PWMLS
• 2016-08-16 Listed $399,000 PMAR

Property tax history

+2.6%/yr

Latest (2026): $5,064 · +2.8% YoY. Source: county tax records.