NOT LISTED FOR SALE

2 Rich St Oil City, PA 16301

Estimated Value: $125,000 - $157,000

3 Beds
1.5 Baths
1,524 Sq Ft
$91/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $128,000 $84 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $989/month

47 Days on Market

Highlights

  • Main Floor Bedroom
  • 1 Car Attached Garage
  • Central Air
  • Porch
  • Shed
  • Hot Water Heating System

About This Home

As of August 2023

Welcome to this very well maintained three bedroom home with first-floor living capabilities in an excellent neighborhood. This impressive residence offers a master bedroom along with one full and one half bath on the first floor, with two additional bedrooms upstairs. Enjoy the large, fenced in rear yard and back patio (wired for hot tub) for entertaining. The finished basement with gas fireplace is a perfect bonus space. Attached garage, modern kitchen and bathrooms, newer windows, central A/C and maintenance free vinyl siding are just some of the many features that this home has to offer. Take a look today before this one is gone!

Last Agent to Sell the Property

Matthew Bloom

Wilson Real Estate Brokerage Phone: 8146765556 License #RS326017 Listed on: 06/20/2023

Last Buyer's Agent

Brian Wice

Shawgo Real Estate LLC License #RS356231

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,775

Year Built

  • Built in 1952

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 117 x 215

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,524 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Laminate Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Partially Finished Basement

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

Outdoor Features

  • Shed
  • Porch

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Steam
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16,026.-040..-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,775

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.58
  • Lot Size: 117 X 215
  • Directions: From Venango County Courthouse, follow US-62 North to Oil City, turn right onto the Petroleum Street Bridge, turn left onto West 1st St, turn right onto Central Ave, turn right onto Rich St, property will be on the right hand side
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1952
  • Attribution Contact: 8146765556
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Range, Refrigerator, Other
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Main Level Bedroom

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car, Attached, Driveway
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Steam
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 25264.8
  • Zoning: Unknown

Tax Info

  • Tax Annual Amount: 1775.19
  • Tax Map Number: 16,026.-040..-000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2023
Closed on
Aug 9, 2023
Sold by
Graeff Kelli
Bought by
Hefferman Gordon and Hefferman Laurel
Seller's Agent
Matthew Bloom
Wilson Real Estate
Buyer's Agent
Brian Wice
Shawgo Real Estate LLC
List Price
$125,000
Sold Price
$128,000
Premium/Discount to List
$3,000
2.4%
Views
40
Current Estimated Value
$139,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,357
Avg. Annual Appreciation
4.32%
Original Mortgage
$123,000
Outstanding Balance
$120,407
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$18,950

Purchase Details

Closed on
Sep 7, 2018
Sold by
Mcmahon Micahel P and Mcmahon Margaret J
Bought by
Mcmahon Maggie and Graff Kelli
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
Hefferman Gordon $128,000 None Listed On Document
Mcmahon Maggie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hefferman Gordon $123,000
Previous Owner Mcmahon Maggie $90,000
Previous Owner Mcmahon Michael P $37,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $128,000 +2.4% $84 / Sq Ft
06/21/2023 06/21/23 For Sale $125,000 -- $82 / 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 $2,708 $72,700 $8,000 $64,700
2024 $2,510 $72,700 $8,000 $64,700
2023 $1,775 $51,410 $8,000 $43,410
2022 $1,775 $51,410 $8,000 $43,410
2021 $1,775 $51,410 $8,000 $43,410
2020 $1,775 $51,410 $8,000 $43,410
2019 $1,775 $51,410 $8,000 $43,410
2018 $1,775 $51,410 $8,000 $43,410
2017 -- $51,410 $8,000 $43,410
2016 $1,775 $51,410 $8,000 $43,410
2015 -- $51,410 $8,000 $43,410
2014 -- $51,410 $8,000 $43,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 158002

APN: 16-026-040-000