$88,000
SOLD SEP 29, 2023

42 W 4th St Oil City, PA 16301

6 Beds
3 Baths
2,616 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$34 Per Sq Ft

26% Below List Price

357 Days on Market

About This Home

As of September 2023

Want to live in a home where your tenant pays for most of your monthly mortgage? Schedule a tour today for this tenant ready duplex on Oil City's Southside! Both units are approximately 1300 square feet. The left, vacant, side has 3 bedrooms and 1.75 baths, many new windows, new doors, new laminate floors, updated bathrooms, a fresh coat of interior and exterior paint and an updated kitchen with appliances. Ready for you or your new tenant to move right in! The right side has an existing long term tenant and is a 3 bed 1 bath. Both have good sized rooms with lots of natural light throughout. There is large attic space on both sides that are separate and can be used for lots of storage. The attics on both sides could be converted into additional living space. Both basements are large and have walk-outs, which could be perfect for additional efficiency units! Both furnaces and water heaters are in good shape and there are separate meters for electric and gas.

Last Agent to Sell the Property

Dave McCullough

1st Rate Realty, LLC Brokerage Phone: 8144322900 License #RS362014 Listed on: 10/06/2022

Last Buyer's Agent

Kristopher Johnson

Oil Region Realty LLC License #RS354069

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 16,020.-148..-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,502

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Exclusions: Appliances in occupied unit go with the tenant.
  • Directions: From VCCH, Head southeast on Elk St toward S Park St, Turn left at the 3rd cross street onto US-62 N/Allegheny Blvd, Turn right onto Petroleum St, Turn right onto W 4th St, On Right.
  • Building Stories: 3
  • Year Built: 1900
  • Attribution Contact: 8144322900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater, Unit 1 Stove, Unit 1 Refrigerator
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Total Bedrooms: 6

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Roof: Composition

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 3049.2
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 1590
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Tax Info

  • Tax Annual Amount: 1502
  • Tax Map Number: 16,020.-148..-000
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Aug 31, 2023
Sold by
Steiger Robert and Steiger Jennifer
Bought by
Ryhal Rental Properties Llc
Seller's Agent
Dave McCullough
1st Rate Realty, LLC
Buyer's Agent
Kristopher Johnson
Oil Region Realty LLC
List Price
$119,000
Sold Price
$88,000
Premium/Discount to List
-$31,000
-26.05%
Views
432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.60%
Original Mortgage
$88,000
Outstanding Balance
$86,526
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$7,157

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jul 15, 2022
Sold by
Dee-Rental Properties Llc
Bought by
Steiger Robert and Steiger Jennifer
Seller's Agent
Richard Beith
Beith Associates
Buyer's Agent
Dave McCullough
1st Rate Realty, LLC
List Price
$49,000
Sold Price
$40,000
Premium/Discount to List
-$9,000
-18.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.86%

Purchase Details

Closed on
Nov 15, 2010
Sold by
Gilmore Jean and Deemer James
Bought by
Dee Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $88,000 None Listed On Document
Deed $40,000 Surety Settlement Services
Warranty Deed $30,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $88,000 New Conventional
Previous Owner $10,000 Future Advance Clause Open End Mortgage
Previous Owner $24,000 Future Advance Clause Open End Mortgage
Previous Owner $24,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $80,000 -11.1% --
04/15/2025 04/15/25 Price Changed $90,000 -10.0% --
04/04/2025 04/04/25 Price Changed $100,000 -4.8% --
01/09/2025 01/09/25 For Sale $105,000 +19.3% --
09/29/2023 09/29/23 Sold $88,000 -11.9% $34 / Sq Ft
07/10/2023 07/10/23 Price Changed $99,900 -2.8% $38 / Sq Ft
06/05/2023 06/05/23 Price Changed $102,800 -4.7% $39 / Sq Ft
05/18/2023 05/18/23 Price Changed $107,900 +8.0% $41 / Sq Ft
02/13/2023 02/13/23 Price Changed $99,900 -3.8% $38 / Sq Ft
02/02/2023 02/02/23 Price Changed $103,900 -4.6% $40 / Sq Ft
01/26/2023 01/26/23 Price Changed $108,900 -8.5% $42 / Sq Ft
10/06/2022 10/06/22 For Sale $119,000 +197.5% $45 / Sq Ft
07/15/2022 07/15/22 Sold $40,000 -18.4% $15 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $49,000 -- $19 / 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 $1,620 $43,490 $2,680 $40,810
2024 $1,502 $43,490 $2,680 $40,810
2023 $1,502 $43,490 $2,680 $40,810
2022 $1,502 $43,490 $2,680 $40,810
2021 $1,502 $43,490 $2,680 $40,810
2020 $1,502 $43,490 $2,680 $40,810
2019 $1,502 $43,490 $2,680 $40,810
2018 $1,502 $43,490 $2,680 $40,810
2017 -- $43,490 $2,680 $40,810
2016 $1,502 $43,490 $2,680 $40,810
2015 -- $43,490 $2,680 $40,810
2014 -- $43,490 $2,680 $40,810
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jason Rockwell

    ERA JOHNSON REAL ESTATE INC.

    (814) 758-3716

    62 Total Sales

    Jason Rockwell
    Section Image
  • Dave McCullough

    Seller's Agent in 2023

    Dave McCullough

    1st Rate Realty, LLC

    (814) 657-2209

    173 Total Sales

    Dave McCullough
    Section Image
  • Kristopher Johnson

    Buyer's Agent in 2023

    Kristopher Johnson

    Oil Region Realty LLC

    (814) 229-8769

    49 Total Sales

    Kristopher Johnson
    Section Image
  • Richard Beith

    Seller's Agent in 2022

    Richard Beith

    Beith Associates

    (814) 671-1266

    76 Total Sales

    Richard Beith
    Section Image
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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 157131

APN: 16-020-148-000

Pennsylvania Venango County Oil City 16301

42 W 4th St, Oil City, PA

This home is located at 42 W 4th St, Oil City, PA 16301 and is currently priced at $88,000, approximately $33 per square foot. This property was built in 1900. 42 W 4th St is a home located in Venango County with nearby schools including Oil City Senior High School, St. Stephen Elementary School, and Venango Region Catholic School.

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