$6,271,225
RENTED MAR 19, 2025
1 Bed
1 Bath
550 Sq Ft
$11,402 Price per Sq Ft

About This Home

As of March 2025

Located in the heart of downtown Erie and ready for immediate occupancy! Situated in Erie's Central Business District which includes Gannon University, UPMC Hamot Hospital, Erie Insurance, and Erie County Courthouse to name a few. Modern Tool Square offers close proximity to a variety of "locally owned" businesses providing shopping, entertainment, restaurants and more! Come view this beautiful historical building with units of all different styles and sizes. Pets are welcome but subject to owner approval! Additional off-street parking is offered at an additional monthly fee.

Last Agent to Rent the Property

Melissa Ellis

Glowacki Management Company Brokerage Phone: (814) 452-3681 License #RS312964 Listed on: 12/27/2024

Last Renter's Agent

Melissa Ellis

Glowacki Management Company Brokerage Phone: (814) 452-3681 License #RS312964 Listed on: 12/27/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1895

Lot Details

  • Zoning described as C-RES

Interior Spaces

  • 550 Sq Ft Home
  • Laminate Flooring
  • Unfinished Basement

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 14-010-003.0-100.65

Home Details

Home Type

Single Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • Directions: Starting at 12th Street and State Street head North on State Street to 10 East 4th Street.
  • Attribution Contact: (814) 452-3681
  • Co List Office Phone: (814) 452-3681
  • MLS Status: Closed
  • Architectural Style: See Remarks
  • Living Area: 550.0
  • Year Built: 1895
  • Tax Year: 2024
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
  • Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Laminate

Exterior Features

  • Home Warranty: No
  • Construction Type: Mixed

Utilities

  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: City-Erie

Lot Info

  • Parcel Number: 14-010-003.0-100.65
  • Lot Dimensions: 0x0x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 112526.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2024
Sold by
Modern Tool Realty Llc
Bought by
Modern Tool Square Llc
Current Estimated Value
$6,271,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,100,000
Outstanding Balance
$4,062,155
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2019
Sold by
Modern Tool Realty
Bought by
Modern Tool Realty Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Modern Tool Square Llc $6,240,000 None Listed On Document
Modern Tool Realty Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modern Tool Square Llc $300,000
Open Modern Tool Square Llc $4,100,000
Closed Modern Tool Square Llc $750,000
Previous Owner Modern Tool Realey Llc $3,500,000
Previous Owner Modern Tool Realty $320,000
Previous Owner Modern Tool Realty $3,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Under Contract -- -- --
03/07/2025 03/07/25 Rented $925 0.0% --
12/27/2024 12/27/24 For Rent $925 -- --
Source: Greater Erie Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $137,256 $3,471,440 $0 $3,471,440
2024 $110,120 $2,846,000 $0 $2,846,000
2023 $106,974 $2,846,000 $0 $2,846,000
2022 $104,730 $2,846,000 $0 $2,846,000
2021 $103,261 $2,846,000 $0 $2,846,000
2020 $102,550 $2,846,000 $0 $2,846,000
2019 $97,191 $2,846,000 $0 $2,846,000
2018 $96,071 $2,846,000 $0 $2,846,000
2017 $95,863 $2,846,000 $0 $2,846,000
2016 $107,617 $2,846,000 $0 $2,846,000
2015 $106,905 $2,846,000 $0 $2,846,000
2014 $92,220 $2,846,000 $0 $2,846,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 181124

Greater Erie Board of REALTORS®

APN: 14-010-003.0-100.65