$390,502
SOLD OCT 15, 2024

11543 Old Lake Rd North East, PA 16428

7 Beds
-- Bath
3,570 Sq Ft
10,254 Sq Ft Lot

Recently Sold

$109 Per Sq Ft

6% Below List Price

5 Days on Market

About This Home

As of October 2024

Income generating multi-unit lakeside property with solid VRBO rental history! Privately tucked away in Woodmere on the Lake association, this upgraded home has a direct and open view of the lake and deeded lake access – ideal for a short-term vacation rental business. Three units include two bedrooms each, a full bath, kitchen and living area. Fourth lower level unit includes one bedroom, full bath, kitchen, living area and laundry room. Current bookings through 2025! Being sold fully furnished – buy and start collecting income immediately. Option to assume current VRBO business reviews. Currently produces $55,000 - $60,000 annually. Don’t miss this incredible cash flow opportunity.

Last Agent to Sell the Property

Libby Remache

Howard Hanna Erie East Brokerage Phone: (814) 899-3005 License #RS338708 Listed on: 09/13/2024

Howard Hanna Erie East

Last Buyer's Agent

Tama Samol

Howard Hanna Erie Airport License #RS320719

Howard Hanna Erie Airport

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,735

Year Built

  • Built in 1973

Lot Details

  • 10,254 Sq Ft Lot
  • Lake Front
  • Property fronts a private road

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Quadruplex
  • Vinyl Siding
  • Stone

Interior Spaces

  • 7 Bedrooms
  • 3,570 Sq Ft Home
  • Lake Views

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 37-009-014.0-015.00

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,735

Year Built

Built in 1973

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: Route 5 to north on Old Lake Road (Woodmere intersection). Take a left onto Pentz street. Right onto 3rd avenue.
  • Lot Size Acres: 0.2354
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • View Type:Pond View: Lake
  • Attribution Contact: (814) 899-3005
  • Co List Office Phone: (814) 899-3005
  • MLS Status: Closed
  • Architectural Style: Fourplex
  • Living Area: 3570.0
  • Year Built Details: Actual
  • Year Built: 1973
  • Tax Year: 2024
  • Special Features: None
  • Year Built: 1973

Interior Features

  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront Features: Lake
  • Construction Type: Stone, Vinyl Siding

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Annually

Fee Information

  • Insurance Expense: 1605.0

Schools

  • Junior High Dist: North East

Lot Info

  • Parcel Number: 37-009-014.0-015.00
  • Lot Dimensions: 119x124x0xIRR
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4735.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $390,502 -5.9% $109 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $415,000 +59.0% $116 / Sq Ft
09/23/2020 09/23/20 Sold $261,000 -19.7% $73 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $325,000 -- $91 / Sq Ft
Source: Greater Erie Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Libby Remache

    Seller's Agent in 2024

    Libby Remache

    Howard Hanna Erie East

    (814) 722-1110

    117 in this area

    272 Total Sales

    Libby Remache
    Section Image

  • T

    Buyer's Agent in 2024

    Tama Samol

    Howard Hanna Erie Airport

    (814) 397-8423

    4 in this area

    99 Total Sales

    Tama Samol
    Section Image
  • Laurie McCarthy

    Seller's Agent in 2020

    Laurie McCarthy

    Coldwell Banker Select - Peach

    (814) 450-2981

    3 in this area

    27 Total Sales

    Laurie McCarthy
    Section Image
See All Agents

Map

Source: Greater Erie Board of REALTORS®

MLS Number: 179940

Greater Erie Board of REALTORS®

APN: 37-009-014.0-015.00

Pennsylvania Erie County North East 16428

11543 Old Lake Rd, North East, PA

This home is located at 11543 Old Lake Rd, North East, PA 16428 and is currently priced at $390,502, approximately $109 per square foot. This property was built in 1973. 11543 Old Lake Rd is a home located in Erie County with nearby schools including Earle C. Davis Primary School, North East Intermediate Elementary School, and North East Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Erie Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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