NOT LISTED FOR SALE

1505 University Dr State College, PA 16801

Estimated Value: $105,000 - $442,000

-- Bed
2 Baths
2,030 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $260,000 $128 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,231/month

52 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Attached Garage
  • Easterly Parkway Elementary School Rated A
  • Porch
  • Living Room

About This Home

As of February 2020

Student Rental Permitted 2-story duplex in the State College Borough. Each unit delivers a living room, kitchen, 3 bedrooms, 1 full bath, 1 car garage and washer/dryer hookups. Both units are leased at $1,075/month through 7/31/2020. Tenants pay electric, water, sewer, refuse, lawn care & snow removal. This property is currently managed by Nittany Property Management. The owners/sellers are both PA Licensed REALTORS. Tenant occupied, 24 hour notice required. Located along the CATA Bus Route, close to shopping & restaurants. Approximately 2 miles from downtown & Penn State University. The sale of this property is part of a 1031 Tax Deferred Exchange.

Last Agent to Sell the Property

Ryan Lowe

RE/MAX Centre Realty License #AB066402 Listed on: 11/26/2019

RE/MAX Centre Realty

Co-Listed By

Linda Lowe

RE/MAX Centre Realty License #AB066403

Last Buyer's Agent

Derek Canova

Kissinger, Bigatel & Brower License #RS274776

Kissinger, Bigatel & Brower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,883

Year Built

  • Built in 1971

Lot Details

  • 0.39

Parking

  • Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • Porch
  • 0.39 Acre Lot

Community Details

  • No Home Owners Association
  • State College Boro Subdivision

Listing and Financial Details

  • Assessor Parcel Number 36-027-003-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,883

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Inclusions: 2 Refrigerators, 2 Ranges
  • New Construction: No
  • Federal Flood Zone: No
  • Year Built: 1971
  • Remarks Public: Student Rental Permitted 2-story duplex in the State College Borough. Each unit delivers a living room, kitchen, 3 bedrooms, 1 full bath, 1 car garage and washer/dryer hookups. Both units are leased at $1,075/month through 7/31/2020. Tenants pay electric, water, sewer, refuse, lawn care & snow removal. This property is currently managed by Nittany Property Management. The owners/sellers are both PA Licensed REALTORS. Tenant occupied, 24 hour notice required. Located along the CATA Bus Route, close to shopping & restaurants. Approximately 2 miles from downtown & Penn State University. The sale of this property is part of a 1031 Tax Deferred Exchange.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Living Room, Kitchen, Laundry, Full Bath, Additional Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Living Area Units: Square Feet
  • Total Sq Ft: 3030
  • Living Area Sq Ft: 2030
  • Price Per Sq Ft: 147.73
  • Above Grade Finished Sq Ft: 2030
  • Below Grade Sq Ft: 1000
  • Total Below Grade Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1505-1507

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: Yes
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Parking Features: Paved Driveway
  • Garage Features: Built In
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: STATE COLLEGE AREA
  • School District Key: 801909430994

Lot Info

  • Lot Size Acres: 0.39
  • Outdoor Living Structures: Porch(es)
  • Zoning: R
  • Zoning Description: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 25419308
  • Tax Annual Amount: 4883.00
  • Assessor Parcel Number: 36-027-003-000
  • Tax Year: 2019
  • Close Date: 02/14/2020

MLS Schools

  • School District Name: STATE COLLEGE AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2019
Closed on
Feb 5, 2020
Sold by
Weiss Kristie A and Weiss Richard A
Bought by
State College Community Land Trust Inc
Seller's Agent
Ryan Lowe
RE/MAX Centre Realty
Buyer's Agent
Derek Canova
Kissinger, Bigatel & Brower
List Price
$395,000
Sold Price
$260,000
Premium/Discount to List
-$135,000
-34.18%
Current Estimated Value
$329,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,612
Avg. Annual Appreciation
3.21%

Purchase Details

Closed on
May 29, 2007
Sold by
Dunkel Lee J and Dunkel Helen L
Bought by
Weiss Kristie A and Weiss Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2005
Sold by
Dunkel Lee J and Dunkel Helen L
Bought by
Dunkel Lee J and Dunkel Helen L
Source: Public Records

Range of Values:

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Average Value
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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
State College Community Land Trust Inc $260,000 Nittany Settlement Company
Weiss Kristie A $195,000 None Available
Dunkel Lee J $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breon Tiffany E $84,000
Closed Breon Tiffany E $9,394
Previous Owner Weiss Kristie A $153,895
Previous Owner Weiss Kristie A $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $260,000 -34.2% $128 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $395,000 -- $195 / Sq Ft
Source: Bright MLS

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 -- $0 $0 $0
2024 $5,119 $69,415 $20,000 $49,415
2023 $5,119 $69,415 $20,000 $49,415
2022 $5,011 $69,415 $20,000 $49,415
2021 $5,011 $69,415 $20,000 $49,415
2020 $5,011 $69,415 $20,000 $49,415
2019 $4,363 $69,415 $20,000 $49,415
2018 $4,747 $69,415 $20,000 $49,415
2017 $4,700 $69,415 $20,000 $49,415
2016 -- $69,415 $20,000 $49,415
2015 -- $69,415 $20,000 $49,415
2014 -- $69,415 $20,000 $49,415
Source: Public Records

Agents Affiliated with this Home

  • Ryan Lowe

    Seller's Agent in 2020

    Ryan Lowe

    RE/MAX

    (814) 231-8200

    711 Total Sales

    Section Image
  • Linda Lowe

    Seller Co-Listing Agent in 2020

    Linda Lowe

    RE/MAX

    (814) 280-1667

    558 Total Sales

    Section Image
  • Derek Canova

    Buyer's Agent in 2020

    Derek Canova

    Kissinger, Bigatel & Brower

    (814) 571-7849

    126 Total Sales

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Map

Source: Bright MLS

MLS Number: PACE2427364

Bright MLS

APN: 36-027-003-0000

Pennsylvania Centre County State College 16801

1505 University Dr, State College, PA

This home is located at 1505 University Dr, State College, PA 16801 since 26 November 2019 and is currently estimated at $321,158, approximately $158 per square foot. This property was built in 1971. 1505 University Dr is a home located in Centre County with nearby schools including Easterly Parkway Elementary School, Mount Nittany Middle School, and State College Area High School.

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