NOT LISTED FOR SALE

248 W 18th St Erie, PA 16502

Little Italy Neighborhood

Estimated Value: $146,000 - $232,000

13 Beds
-- Bath
8,363 Sq Ft
$21/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $135,000 $16 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,186/month

4 Days on Market

Highlights

  • 0.22 Acre Lot
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2020

Cash flowing 6 unit investment property! Two separate buildings. Good condition. Property includes parcel to the west as parking. NOI= $20,500, CR= 14.75%, and Cash Flow= $10,607. Can be bought with MLS #148574

Last Agent to Sell the Property

Joseph Herbert

Joe Herbert Realty License #AB067904 Listed on: 01/05/2020

Last Buyer's Agent

Christine Hoffman

Joe Herbert Realty License #RS347696

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,295

Year Built

  • Built in 1872

Lot Details

  • 9,601 Sq Ft Lot
  • Lot Dimensions are 60x160x0x0

Parking

  • 1 Car Detached Garage

Home Design

  • 8,363 Sq Ft Home
  • Quadruplex
  • Frame Construction

Bedrooms and Bathrooms

  • 13 Bedrooms

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 16-030-011.0-213.00

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $3,165
  • Water Sewer Expense $2,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,295

Year Built

Built in 1872

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: On north side of West 18th St between Mobile Ave and Myrtle St
  • Lot Size Acres: 0.2204
  • Road Surface Type: Paved
  • Co List Office Phone: (814) 217-1900
  • MLS Status: Closed
  • Architectural Style: Fourplex
  • Living Area: 8363.0
  • Year Built: 1872
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Total Bedrooms: 13
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

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

Fee Information

  • Insurance Expense: 1800.0
  • Annual Water Sewer Expense: 2160.0

Schools

  • Junior High Dist: City-Erie

Lot Info

  • Parcel Number: 16-030-011.0-213.00
  • Lot Dimensions: 60x160x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 6
  • Number Of Units Total: 6
  • Maintenance Expense: 3165.0

Tax Info

  • Tax Annual Amount: 2295.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2002
Sold by
Conti Kimberly Ann
Bought by
Power William J and Power Carolyn P
Current Estimated Value
$176,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7%
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
Power William J $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Power William J $48,000
Closed Power William J $50,000
Closed Power William J $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $135,000 -2.9% $16 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $139,000 -- $17 / 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 $2,625 $66,400 $19,200 $47,200
2024 $2,569 $66,400 $19,200 $47,200
2023 $2,496 $66,400 $19,200 $47,200
2022 $2,443 $66,400 $19,200 $47,200
2021 $2,409 $66,400 $19,200 $47,200
2020 $2,393 $66,400 $19,200 $47,200
2019 $2,268 $66,400 $19,200 $47,200
2018 $2,241 $66,400 $19,200 $47,200
2017 $2,237 $66,400 $19,200 $47,200
2016 $2,511 $66,400 $19,200 $47,200
2015 $2,494 $66,400 $19,200 $47,200
2014 $2,152 $66,400 $19,200 $47,200
Source: Public Records

Agents Affiliated with this Home

  • Joseph Herbert

    Seller's Agent in 2020

    Joseph Herbert

    Joe Herbert Realty

    (814) 602-6181

    4 in this area

    100 Total Sales

    Section Image
  • Christine Hoffman

    Buyer's Agent in 2020

    Christine Hoffman

    Joe Herbert Realty

    (814) 969-2498

    1 in this area

    21 Total Sales

    Section Image
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 148580

Greater Erie Board of REALTORS®

APN: 16-030-011.0-213.00

Pennsylvania Erie County Erie 16502 Little Italy

248 W 18th St, Erie, PA

This home is located at 248 W 18th St, Erie, PA 16502 since 05 January 2020 and is currently estimated at $176,667, approximately $21 per square foot. This property was built in 1872. 248 W 18th St is a home located in Erie County with nearby schools including Jefferson Elementary School, Woodrow Wilson 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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