Seller's Agent in 2022
Sherry Bauer
SBRE - Sherry Bauer Real Estate Services
(814) 790-8342
9 in this area
73 Total Sales
463 W 8th St Erie, PA 16502
West Bayfront NeighborhoodEstimated Value: $283,467
6
Beds
8
Baths
7,538
Sq Ft
$38/Sq Ft
Est. Value
About This Home
As of October 20227,538±SF 9-unit investment property. 3,769±SF 1st floor available for owner occupancy. Zoned C-1 with many potential uses: fitness center, office, restaurant, etc. 2nd floor: 6 residential units with $46,980 projected annual income & upside potential - estimated $55,800 at market rate. 5 units leased. 1 furnished Airbnb. 6th unit prepped for renovation. Separately metered gas & electric. ±10 car parking lot. 0.15± acre corner lot near Gannon University. Multiple upgrades roof, windows -see list.
Last Agent to Sell the Property
SBRE - Sherry Bauer Real Estate Services License #RM422666 Listed on: 05/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,281
Year Built
- Built in 1916
Lot Details
- 6,909 Sq Ft Lot
- Lot Dimensions are 78x88x0x0
Parking
- 10 Parking Spaces
Home Design
- Brick Exterior Construction
- Masonry
Interior Spaces
- 7,538 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 16-030-025.0-220.00
Community Details
Overview
- 9 Units
Building Details
- Insurance Expense $3,600
- Water Sewer Expense $1,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2022
Closed on
Oct 12, 2022
Sold by
Wolfe Michael C and Wolfe Kathryn A
Bought by
Pineapple Real Estate Llc
Seller's Agent
Sherry Bauer
SBRE - Sherry Bauer Real Estate Services
Buyer's Agent
Joseph Herbert
Joe Herbert Realty
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,533
Avg. Annual Appreciation
-11.18%
Original Mortgage
$177,750
Outstanding Balance
$171,294
Interest Rate
5.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$108,122
Purchase Details
Closed on
Oct 16, 2019
Sold by
Opperman Michael L and Opperman Carmen S
Bought by
Wolfe Michael C and Raezer Kathryn A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pineapple Real Estate Llc | $395,000 | -- | |
| Wolfe Michael C | $180,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pineapple Real Estate Llc | $177,750 | |
| Previous Owner | Wolfe Michael C | $77,062 | |
| Previous Owner | Opperman Carmen S | $133,000 | |
| Closed | Pineapple Real Estate Llc | $177,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2022 10/21/22 | Sold | $395,000 | 0.0% | $52 / Sq Ft |
| 07/24/2022 07/24/22 | Pending | -- | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $395,000 | -- | $52 / Sq Ft |
Source: Greater Erie Board of REALTORS®
Tax History Compared to Growth
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 | $9,855 | $249,245 | $17,300 | $231,945 |
| 2024 | $9,644 | $249,245 | $17,300 | $231,945 |
| 2023 | $5,394 | $143,500 | $17,300 | $126,200 |
| 2022 | $5,281 | $143,500 | $17,300 | $126,200 |
| 2021 | $5,207 | $143,500 | $17,300 | $126,200 |
| 2020 | $5,171 | $143,500 | $17,300 | $126,200 |
| 2019 | $4,901 | $143,500 | $17,300 | $126,200 |
| 2018 | $4,844 | $143,500 | $17,300 | $126,200 |
| 2017 | $4,834 | $143,500 | $17,300 | $126,200 |
| 2016 | $5,426 | $143,500 | $17,300 | $126,200 |
| 2015 | $5,390 | $143,500 | $17,300 | $126,200 |
| 2014 | $4,650 | $143,500 | $17,300 | $126,200 |
Source: Public Records
Agents Affiliated with this Home
-
Sherry Bauer
-
Joseph Herbert
Buyer's Agent in 2022
Joseph Herbert
Joe Herbert Realty
(814) 602-6181
5 in this area
98 Total Sales
Map
Source: Greater Erie Board of REALTORS®
MLS Number: 163233
APN: 16-030-025.0-220.00
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