Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    688 Elk Mountain Terrace Tafton, PA 18464

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Tafton, PA

    Lot size:
    0.58 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    264
    Last Refresh:
    Apr 27 at 6:06 am

    Property Features for 688 Elk Mountain Terrace

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    043.04-03-71
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    359

    Utilities

    Sewer type
    Septic Needed, Perc Test Required

    We can help!

    Listing Contact
    Lindsey A Bamford

    Listing agent Lindsey A Bamford License #RS365180

    Listing office Iron Valley R E Innovate 1307 Purdytown Turnpike, Lakeville, PA

    Listing date Aug 7, 2025

    MLS# PW-252535 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot in Tanglwood North

    This vacant lot is located in the Tanglwood North community in Tafton, Pennsylvania. Situated in the Pocono Mountains, the wooded parcel offers privacy and convenience. The spacious 0.58-acre cul-de-sac lot presents an opportunity to create a year-round residence, vacation getaway, or investment property. The property is located in a well-maintained neighborhood with a welcoming atmosphere.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Electrical Service Cosmetic Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tafton
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.1093
    Latitude
    41.3693

    Nearby Similar for Sale

    • $674,900
      6,088 SF

      Versatile Commercial Property Near US-84

      Commercial property with two heated buildings suitable for various business uses.
      424 Rt 390, Tafton, PA 18464
      View Details
    • $5,900

      Residential Land Near Lake

      Half-acre residential lot near Hawley and the lake.
      Mount Snow Circle lot: 733, Tafton, PA 18464
      View Details
    • $12,500

      Residential Land in Tafton, PA

      Building lot in Tanglwood North Community with lake access.
      Alta Lane lot: 846, Tafton, PA 18464
      View Details
    • $12,000

      Residential Land Near Lake Wallenpaupack

      Half-acre residential lot with lake rights near Lake Wallenpaupack.
      Lot 897 Pico Lane, Tafton, PA 18464
      View Details
    • $79,000

      Land with Lake Access

      1.1 acres of land with lake access and rights.
      Route 390, Tafton, PA 18464
      View Details
    • $29,500

      Wooded Lot Near Lake Wallenpaupack

      Wooded building lot with lake access near Lake Wallenpaupack.
      Sunny Side Road lot: 219, Tafton, PA 18464
      View Details
    • $125,000

      Lake Wallenpaupack Building Lot

      0.44-acre wooded lot in a desirable lake community.
      Birch Lane & Spruce Road, Tafton, PA 18464
      View Details
    • $100,000

      Residential Lot Near Lake Wallenpaupack

      Building lot in White Sand Springs near Lake Wallenpaupack.
      Ripplewood Drive lot: 42, Tafton, PA 18464
      View Details
    • $24,900

      Land Near Lake Wallenpaupack

      Double lot near Lake Wallenpaupack with lake rights and beach access.
      763/764 Mount Snow Circle, Tafton, PA 18464
      View Details
    • $90,000

      Two Lots in Tafton, PA

      Combined lots ideal for builders or investors in Tafton, PA.
      129 Boundary Road, Tafton, PA 18464
      View Details
    • $20,000

      Tafton Land in Tanglwood North

      1.2-acre lot with lake rights in private Poconos community.
      Hidden Valley Drive, Tafton, PA 18464
      View Details
    • $39,000

      Residential Land Near Lake Wallenpaupack

      Residential land parcel with lake access and boat slip.
      236 Echo Hill Road, Tafton, PA 18464
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Tafton, PA, ideal for building a home.
    Where is this residential land & home lot located?
    The property is located at 688 Elk Mountain Terrace Tafton, PA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant lot in the desirable Tanglwood North community.; Located in the Pocono Mountains.; Peaceful, wooded parcel offering privacy.
    (570) 352-6889
    We can help!
    Listing Contact
    Lindsey A Bamford
    Real Estate License ID: RS365180
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!