NOT LISTED FOR SALE

124 E 7th St Oil City, PA 16301

Estimated Value: $68,000 - $80,000

3 Beds
1 Bath
1,144 Sq Ft
$63/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $50,000 $44 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $494/month

104 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Garage
  • Gravity Heating System
  • Porch

About This Home

As of August 2021

Well maintained American 4-square home on Oil City's South Side. Covered front and rear porches, single car garage with opener and a carport as well. Hardwood floors in majority of main floor and lovely woodwork in dining room. Updated kitchen and bath. Paint to your own color scheme and a little TLC will make this a great starter.

Last Agent to Sell the Property

Christina Hart

1st Rate Realty, LLC License #RS0300659 Listed on: 04/01/2021

Last Buyer's Agent

Non-member Non-member

Non-Member

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 3,049

Parking

  • 1 Car Garage
  • Carport
  • Driveway
  • Open Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,144 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Gravity Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • 3,049 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 16-26-130

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Directions: From VCCH follow Elk St to Route 8 North, right onto Petroleum St, left onto West 1st St, right onto Central Ave, left onto East Seventh, property on left at corner of Englewood.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1900
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Walk-Out Access, Full
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Hardwood

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Other Structures: Garage
  • Patio And Porch Features: Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car, Carport, Driveway
  • Total Parking Spaces: 1

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gravity
  • Heating Yn: Yes
  • Electric: Fuses
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning: Residential
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 50

Tax Info

  • Tax Annual Amount: 1310.76
  • Tax Map Number: 16-26-130
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Aug 10, 2021
Sold by
Shultz Christopher J and Shultz Michelle R
Bought by
Lentz Darvin D and Fornal Clemencia
Seller's Agent
Christina Hart
1st Rate Realty, LLC
Buyer's Agent
Non-member Non-member
Non-Member
List Price
$62,000
Sold Price
$50,000
Premium/Discount to List
-$12,000
-19.35%
Current Estimated Value
$68,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,648
Avg. Annual Appreciation
9.77%
Original Mortgage
$45,000
Outstanding Balance
$41,095
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$31,367

Purchase Details

Closed on
Jan 3, 2005
Sold by
Eisenman Joseph H and Eisenman Samara G
Bought by
Shultz Christopher J and Shultz Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
5.75%
Mortgage Type
New Conventional
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
Lentz Darvin D $50,000 First American Title Ins Co
Shultz Christopher J $56,800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lentz Darvin D $15,000
Open Lentz Darvin D $45,000
Previous Owner Shultz Christopher J $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $50,000 -19.4% $44 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
04/03/2021 04/03/21 For Sale $62,000 -- $54 / Sq Ft
Source: Allegheny Valley 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 $1,414 $37,960 $3,720 $34,240
2024 $1,311 $37,960 $3,720 $34,240
2023 $1,311 $37,960 $3,720 $34,240
2022 $1,311 $37,960 $3,720 $34,240
2021 $1,311 $37,960 $3,720 $34,240
2020 $1,311 $37,960 $3,720 $34,240
2019 $1,292 $37,420 $3,720 $33,700
2018 $1,292 $37,420 $3,720 $33,700
2017 -- $37,420 $3,720 $33,700
2016 $1,292 $37,420 $3,720 $33,700
2015 -- $37,420 $3,720 $33,700
2014 -- $37,420 $3,720 $33,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christina Hart

    1st Rate Realty, LLC

    (814) 673-8255

    127 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Non-member Non-member

    Non-Member

See All Agents

Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 154978

APN: 16-026-130-000

Pennsylvania Venango County Oil City 16301

124 E 7th St, Oil City, PA

This home is located at 124 E 7th St, Oil City, PA 16301 since 01 April 2021 and is currently estimated at $72,462, approximately $63 per square foot. This property was built in 1900. 124 E 7th St is a home located in Venango County with nearby schools including Oil City Senior High School, St. Stephen Elementary School, and Venango Region Catholic School.

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