NOT LISTED FOR SALE

5 Davis Ln Mercer, PA 16137

Estimated Value: $144,544 - $233,000

-- Bed
3 Baths
-- Sq Ft
1.06 Acres

Last Sold November 25, 2020

Last sale price $140,000

Est. 39% increase in value since last sale

Current estimated payment $1,228/month

20 Days on Market

About This Home

As of November 2020

Rental income can help you build net worth. This triplex is completely updated with new paint. flooring and modern appliances. Located close to main street with shared laundry facility for tenants. Apartments currently set up as one bedroom but the house was originally a five bedroom home. Was renting for 450/month prior to updates. Owner is maintaining vacancy in hopes of a quick sale without having to burden the new owner with leases.

Last Agent to Sell the Property

John Lamb

KELLER WILLIAMS REALTY License #rs335839 Listed on: 08/26/2020

KELLER WILLIAMS REALTY

Last Buyer's Agent

Midge Johnson

ERA JOHNSON REAL ESTATE INC. License #RS348543

ERA JOHNSON REAL ESTATE INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,807

Lot Details

  • 1.06

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Composition Roof

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 1-617565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,807

Lot Details

0

Listing Details

  • Area Description Sort: Coolspring Twp
  • Total Assessed Value: 19300
  • Construction: Brick
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Map Num Block Num Lot Num Info: 1-617565
  • Property Type: Multi-Unit
  • Ratio Close Price By List Price: 0.93333
  • Ratio Close Price By Original Li: 0.80000
  • Type Of Property: Triplex
  • Years Old: 1944
  • Tour Url Branded: https://www.propertypanorama.com/instaview-tour/wpn/1464136
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes

Exterior Features

  • Insulation: Yes
  • Roof: Composition

Garage/Parking

  • Parking Description: Off-Street Parking

Utilities

  • Utilities Available: Electricity, Gas, Sewer

Schools

  • School District: Mercer Area

Lot Info

  • Acres: 1.0600
  • Lot Size: 1.06
  • Zoning: r003

Multi Family

  • Gross Annual Income: 18000
  • Unit Count: 1

Tax Info

  • Taxes: 1807

MLS Schools

  • School District: Mercer Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 22, 2020
Sold by
Luong Tam and Ngo Be Thi
Bought by
Mcphilomy David P
Seller's Agent
John Lamb
KELLER WILLIAMS REALTY
Buyer's Agent
Midge Johnson
ERA JOHNSON REAL ESTATE INC.
List Price
$175,000
Sold Price
$140,000
Premium/Discount to List
-$35,000
-20%
Current Estimated Value
$195,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,136
Avg. Annual Appreciation
6.03%
Original Mortgage
$137,464
Outstanding Balance
$123,711
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$61,184

Purchase Details

Closed on
Dec 4, 2018
Sold by
Fnma
Bought by
Luong Tan

Purchase Details

Closed on
Jul 27, 2018
Sold by
Fnma
Bought by
Mills Robert B and Mills Amy B

Purchase Details

Closed on
Jun 22, 2010
Sold by
Jack W Thomas and Jack Kathleen J
Bought by
Mills Robert B and Mills Amy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2007
Sold by
Mccandless Charlene
Bought by
Jack W Thomas and Jack Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mcphilomy David P $140,000 None Available
Luong Tan $42,765 --
Mills Robert B -- --
Mills Robert B $110,000 None Available
Jack W Thomas $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcphilomy David P $137,464
Previous Owner Mills Robert B $82,500
Previous Owner Jack W Thomas $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $140,000 -6.7% --
09/15/2020 09/15/20 Pending -- -- --
09/08/2020 09/08/20 Price Changed $150,000 -14.3% --
08/26/2020 08/26/20 For Sale $175,000 -- --
Source: West Penn Multi-List

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 $1,984 $20,850 $2,050 $18,800
2024 $1,984 $20,850 $2,050 $18,800
2023 $1,836 $19,300 $2,050 $17,250
2022 $1,807 $19,300 $2,050 $17,250
2021 $1,807 $19,300 $2,050 $17,250
2020 $1,807 $19,300 $2,050 $17,250
2019 $1,779 $19,300 $2,050 $17,250
2018 $1,779 $19,300 $2,050 $17,250
2017 $1,788 $19,300 $2,050 $17,250
2016 -- $19,300 $2,050 $17,250
2015 -- $19,300 $2,050 $17,250
2014 -- $19,300 $2,050 $17,250
Source: Public Records

Agents Affiliated with this Home

  • John Lamb

    Seller's Agent in 2020

    John Lamb

    KELLER WILLIAMS REALTY

    (724) 730-5380

    1 in this area

    16 Total Sales

    John Lamb
    Section Image

  • M

    Buyer's Agent in 2020

    Midge Johnson

    ERA JOHNSON REAL ESTATE INC.

    (724) 301-7001

    4 in this area

    13 Total Sales

    Midge Johnson
    Section Image
See All Agents

Map

Source: West Penn Multi-List

MLS Number: 1464136

West Penn Multi-List

APN: 01-150-152

Pennsylvania Mercer County Mercer 16137

5 Davis Ln, Mercer, PA

This home is located at 5 Davis Ln, Mercer, PA 16137 since 26 August 2020 and is currently estimated at $195,136. 5 Davis Ln is a home located in Mercer County with nearby schools including Mercer Area Elementary School, Mercer Area Middle School, and Calvary Christian Academy.

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.

West Penn Multi-List 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.

Nearby Homes