NOT LISTED FOR SALE

12749 Conneaut Lake Rd Conneaut Lake, PA 16316

Estimated Value: $344,693

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. 53% increase in value since last sale

Current estimated payment $2,004/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
$344,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,693
Avg. Annual Appreciation
7.34%
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:

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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

    103 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

This home is located at 12749 Conneaut Lake Rd, Conneaut Lake, PA 16316 since 23 January 2019 and is currently estimated at $344,693, approximately $64 per square foot. This property was built in 1960. 12749 Conneaut Lake Rd is a home located in Crawford County with nearby schools including Conneaut Lake-Sadsbury Elementary School, Conneaut Lake Middle School, and Conneaut Area Senior 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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