NOT LISTED FOR SALE

254 W 9th St Unit 1-8 Erie, PA 16501

West Bayfront Neighborhood

Estimated Value: $373,003

9 Beds
8 Baths
7,132 Sq Ft
$52/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $251,000 $35 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,524/month

5 Days on Market

Highlights

  • 0.35 Acre Lot
  • 2 Car Detached Garage
  • Hot Water Heating System

About This Home

As of May 2020

(8) unit student housing close to Gannon and downtown. (1) 2-Bedroom, (3) Efficiencies, (4) 1-Bedroom units. All units partially furnished with beds, dressers, desks, couches, table & chairs. Each unit has a private full bath. Kitchens include refrigerators and stoves. Coin operated washers and dryers in the basement. Includes a 10 space parking area and a 2 car detached garage for additional income. Up to date City of Erie inspections.

Last Listed By

Bill Coyne

The Bowers Group LLC License #RS308040 Listed on: 02/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,771

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 98x155x0x0

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction

Interior Spaces

  • 7,132 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 16-030-015.0-219.00

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $2,482
  • Maintenance Expense $7,940
  • Water Sewer Expense $1,508

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,771

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: East on W.10th St to Myrtle north (1) block to east on 9th. Behind Cathedral Prep school between Sassafras and Myrtle
  • Lot Size Acres: 0.35
  • Road Surface Type: Paved
  • Professional Management Expense: 4434.0
  • Co List Office Phone: (814) 217-1900
  • MLS Status: Closed
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Living Area: 7132.0
  • Year Built Details: Estimate
  • Year Built: 1900
  • Tax Year: 2020
  • Special Features: VirtualTour
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 9
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 10.0

Utilities

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

Fee Information

  • Insurance Expense: 2482.0
  • Annual Water Sewer Expense: 1508.0

Schools

  • Junior High Dist: City-Erie

Lot Info

  • Parcel Number: 16-030-015.0-219.00
  • Lot Dimensions: 98x155x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: RLB
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Maintenance Expense: 7940.0
  • Resident Manager Expense: 4434.0

Tax Info

  • Tax Annual Amount: 4771.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
May 27, 2020
Sold by
Mckenrick Properties Llc
Bought by
Dtw Development Llc
Seller's Agent
Bill Coyne
The Bowers Group LLC
Buyer's Agent
Randy Rydzewski
Howard Hanna Erie Airport
List Price
$220,000
Sold Price
$251,000
Premium/Discount to List
$31,000
14.09%
Total Days on Market
5
Current Estimated Value
$373,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,003
Avg. Annual Appreciation
8.24%
Original Mortgage
$188,250
Outstanding Balance
$136,463
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$236,540

Purchase Details

Closed on
Sep 15, 2003
Sold by
Schwimmer Bertha O and Schwimmer Robert L
Bought by
Erie Business Center Inc

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
Dtw Development Llc $251,000 None Available
Erie Business Center Inc $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dtw Development Llc $188,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $251,000 +14.1% $35 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $220,000 -- $31 / 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 $5,235 $132,400 $22,800 $109,600
2024 $5,123 $132,400 $22,800 $109,600
2023 $4,977 $132,400 $22,800 $109,600
2022 $4,872 $132,400 $22,800 $109,600
2021 $4,804 $132,400 $22,800 $109,600
2020 $4,771 $132,400 $22,800 $109,600
2019 $4,521 $132,400 $22,800 $109,600
2018 $4,469 $132,400 $22,800 $109,600
2017 $4,460 $132,400 $22,800 $109,600
2016 $5,006 $132,400 $22,800 $109,600
2015 $4,973 $132,400 $22,800 $109,600
2014 $4,290 $132,400 $22,800 $109,600
Source: Public Records

Agents Affiliated with this Home

  • Bill Coyne

    Seller's Agent in 2020

    Bill Coyne

    The Bowers Group LLC

    (814) 434-3294

    5 in this area

    59 Total Sales

    Bill Coyne
    Section Image
  • Randy Rydzewski

    Buyer's Agent in 2020

    Randy Rydzewski

    Howard Hanna Erie Airport

    (814) 450-1559

    1 in this area

    13 Total Sales

    Randy Rydzewski
    Section Image
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 150119

Greater Erie Board of REALTORS®

APN: 16-030-015.0-219.00

Pennsylvania Erie County Erie 16501 West Bayfront

254 W 9th St Unit 1-8, Erie, PA

Homes for Sale in Erie, PA

This home is located at 254 W 9th St Unit 1-8, Erie, PA 16501 since 12 February 2020 and is currently estimated at $373,003, approximately $52 per square foot. This property was built in 1900. 254 W 9th St Unit 1-8 is a home located in Erie County with nearby schools including Pfeiffer-Burleigh Elementary School, East 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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