NOT LISTED FOR SALE

12749 Conneaut Lake Rd Conneaut Lake, PA 16316

Estimated Value: $345,702

24 Beds
15 Baths
5,325 Sq Ft
$65/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $225,000 $42 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,999/month

185 Days on Market

Highlights

  • Cooling Available
  • Heat Pump System
  • 1-Story Property

About This Home

As of October 2019

Great location for an Investment Opportunity with many potentials for daily/weekly/seasonal/year round rental use! All furnishings/appliances included for motel rooms and efficiencies. A total of 15 units (9 motel rooms, 3 efficiencies, and 3 apartments (currently occupied)). Laundry facilities on property.

Last Agent to Sell the Property

Thomas Martinac

Howard Hanna BK Conneaut Lake License #RS330992 Listed on: 01/23/2019

Howard Hanna BK Conneaut Lake

Last Buyer's Agent

Gene Duffy

Howard Hanna BK Conneaut Lake License #AB047666L

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 165x440x170x440

Parking

  • 20 Parking Spaces

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 5,325 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 15 Bathrooms

Utilities

  • Cooling Available
  • Heat Pump System
  • Well

Community Details

  • 15 Units
  • Insurance Expense $6,000

Listing and Financial Details

  • Assessor Parcel Number 4404-043

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From Meadville 322 west to Conneaut Lake. Property on Left with signage - "Just Sleep Motel"
  • Road Surface Type: Paved
  • Co List Office Phone: (814) 382-5225
  • MLS Status: Closed
  • Architectural Style: One Story
  • Unit Levels: One
  • Living Area: 5325.0
  • Year Built: 1960
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Total Bedrooms: 24
  • Stories: 1

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 20.0

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Well

Fee Information

  • Insurance Expense: 6000.0

Schools

  • Junior High Dist: Conneaut

Lot Info

  • Parcel Number: 4404-043
  • Lot Dimensions: 165x440x170x440
  • ResoLotSizeUnits: Acres
  • Zoning Description: See Remarks
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 15
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6885.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2019
Closed on
Aug 20, 2019
Sold by
Thomas Walter M
Bought by
Urbanick Trevor R and Urbanick Lisa R
Seller's Agent
Thomas Martinac
Howard Hanna BK Conneaut Lake
Buyer's Agent
Gene Duffy
Howard Hanna BK Conneaut Lake
List Price
$299,900
Sold Price
$225,000
Premium/Discount to List
-$74,900
-24.97%
Current Estimated Value
$345,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,702
Avg. Annual Appreciation
7.16%
Original Mortgage
$203,550
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 16, 2005
Sold by
Kurt Roy C and Kurt Jane
Bought by
Thomas Walter M and Thomas Denise P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Urbanick Trevor R $225,000 First Choice Settlements
Thomas Walter M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Urbanick Trevor R $203,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2019 10/04/19 Sold $225,000 -25.0% $42 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $299,900 -- $56 / 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 $2,184 $81,359 $10,809 $70,550
2024 $6,379 $81,359 $10,809 $70,550
2023 $6,379 $81,359 $10,809 $70,550
2022 $6,379 $81,359 $10,809 $70,550
2021 $6,338 $81,359 $10,809 $70,550
2020 $6,338 $81,359 $10,809 $70,550
2019 $6,338 $81,359 $10,809 $70,550
2018 $6,033 $81,359 $10,809 $70,550
2017 $5,992 $81,359 $10,809 $70,550
2016 $1,859 $81,359 $10,809 $70,550
2015 $1,859 $81,359 $10,809 $70,550
2014 -- $81,359 $10,809 $70,550
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Thomas Martinac

    Howard Hanna BK Conneaut Lake

    (412) 841-7881

    100 Total Sales

    Thomas Martinac
    Section Image

  • G

    Buyer's Agent in 2019

    Gene Duffy

    Howard Hanna BK Conneaut Lake

See All Agents

Map

Source: Greater Erie Board of REALTORS®

MLS Number: 135573

Greater Erie Board of REALTORS®

APN: 44-0-031843

Pennsylvania Crawford County Conneaut Lake 16316

12749 Conneaut Lake Rd, Conneaut Lake, PA

Not Listed for Sale

MultiFamily

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