NOT LISTED FOR SALE

1243 W 6th St Erie, PA 16507

West Bayfront Neighborhood

Estimated Value: $101,000 - $130,513

2 Beds
1 Bath
784 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 13, 2016

Last sale price $470,000 $599 Per Sq Ft

Current estimated payment $837/month

112 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 4-minute walk to Scott Park

About This Home

As of December 2016

Unique Rare Opportunity To Own A Large Residential Investment Portfolio Of 12 Single Family Rental Units. 100% Occupied With A Steady Income Stream. Located In A Central Location Close To Downtown Erie And Bayfront Highway. Offered In 2 Different Size Packages. Ml# 51627 Includes 28 Units Priced At $1,683,000.00. Ml# 52879 Includes 16 Units Priced At $983,000.00. Please Refer To Attached Tax Map And Exhibits For Addresses & Locations.

Last Agent to Sell the Property

Nicholas Colao

Baldwin Brothers, Inc License #RS328301 Listed on: 08/09/2016

Last Buyer's Agent

Joseph Herbert

Joe Herbert Realty License #AB067904

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,685

Year Built

  • Built in 1947

Lot Details

  • 5,009

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 17-041-001.0-306.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,685

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: West On 8Th, Liberty To Cranberry. North On Cranberry To 6Th Street. West On 6Th Street To 1243.
  • Co List Office Phone: (814) 454-4541
  • MLS Status: Closed
  • Architectural Style: One Story
  • Unit Levels: One
  • Year Built: 1947
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Stories: 1
  • ResoLivingAreaSource: Plans

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: 17-041-001.0-306.00
  • Lot Dimensions: 0x0x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Talarico Joseph Gerardo
Bought by
Wolfgang Merle C
Current Estimated Value
$112,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,940
Outstanding Balance
$98,599
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$6,835

Purchase Details

Listed on
Aug 9, 2016
Closed on
Dec 13, 2016
Sold by
Baldwin Gardens Inc
Bought by
Talarico Joseph Gerardo
Seller's Agent
Nicholas Colao
Baldwin Brothers, Inc
Buyer's Agent
Joseph Herbert
Joe Herbert Realty
List Price
$745,000
Sold Price
$470,000
Premium/Discount to List
-$275,000
-36.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.77%
Original Mortgage
$515,000
Interest Rate
2.78%
Mortgage Type
Commercial
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
Wolfgang Merle C $102,000 None Listed On Document
Wolfgang Merle C $102,000 None Listed On Document
Talarico Joseph Gerardo $70,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfgang Merle C $98,940
Closed Wolfgang Merle C $98,940
Previous Owner Talarico Joseph Gerardo $515,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2016 12/13/16 Sold $470,000 -36.9% $599 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $745,000 -- $950 / Sq Ft
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 $2,685 $67,910 $8,500 $59,410
2024 $2,628 $67,910 $8,500 $59,410
2023 $2,553 $67,910 $8,500 $59,410
2022 $2,499 $67,910 $8,500 $59,410
2021 $2,464 $67,910 $8,500 $59,410
2020 $2,447 $67,910 $8,500 $59,410
2019 $2,319 $67,910 $8,500 $59,410
2018 $2,292 $67,910 $8,500 $59,410
2017 $2,287 $67,910 $8,500 $59,410
2016 $2,568 $67,910 $8,500 $59,410
2015 $2,551 $67,910 $8,500 $59,410
2014 $2,201 $67,910 $8,500 $59,410
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nicholas Colao

    Baldwin Brothers, Inc

  • Joseph Herbert

    Buyer's Agent in 2016

    Joseph Herbert

    Joe Herbert Realty

    (814) 602-6181

    5 in this area

    98 Total Sales

    Joseph Herbert
    Section Image
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 52878

Greater Erie Board of REALTORS®

APN: 17-041-001.0-306.00

Pennsylvania Erie County Erie 16502 West Bayfront

1243 W 6th St, Erie, PA

This home is located at 1243 W 6th St, Erie, PA 16507 since 09 August 2016 and is currently estimated at $112,628, approximately $143 per square foot. This property was built in 1947. 1243 W 6th St is a home located in Erie County with nearby schools including Harding Elementary School, Strong Vincent Middle School, and Erie High 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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