NOT LISTED FOR SALE

5 Drake Dr Oil City, PA 16301

Estimated Value: $160,000 - $169,113

2 Beds
2 Baths
1,216 Sq Ft
$135/Sq Ft Est. Value

Last Sold May 24, 2012

Last sale price $92,500 $76 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,147/month

334 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Patio

About This Home

As of May 2012

Immaculate and well maintained 2-4 bedroom ranch home with newer kitchen, mostly newer windows throughout, tasteful decor and central air. Lower level offers an additional bedroom, family room and 3/4 bathroom. Laundry is part of the master bathroom. Living room and kitchen curtains are reserved by the seller.

Last Agent to Sell the Property

Liz Roth

Richards & Richards Real Estate LLC License #AB065581 Listed on: 05/25/2011

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 10,454 Sq Ft Lot
  • 16,025.052

Parking

  • 2 Car Detached Garage
  • Driveway
  • Open Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding
  • Masonite
  • Stone

Interior Spaces

  • 1,216 Sq Ft Home
  • 1-Story Property
  • Partially Finished Basement
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16,025.-052

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Directions: From Venango County Courthouse follow Rt 8 North to Oil City. Take a R at 1st intersection (Petroleum St.), go over the bridge and proceed to 2nd light. Take a R onto West First St. Go approx. 1 mile on West First St. to Mitchell Ave. Take a L onto Mitchell Ave to Drake Drive (first street after West Third). Turn left onto Drake Drive to house on the left hand side.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 1955
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Has Basement: Partial, Partially Finished
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Frame, Vinyl Siding, Masonite, Stone
  • Other Structures: None
  • Patio And Porch Features: Patio
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car, Detached, Driveway
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: W/D Hook Up
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Additional Parcels Description: 16,025.052
  • Additional Parcels: Yes
  • Zoning: R-1
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 78

Tax Info

  • Tax Annual Amount: 2710
  • Tax Map Number: 16,025.-052
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2011
Closed on
May 23, 2012
Sold by
Mcclure Sandra Zerbe
Bought by
Gorman Anthony Joseph and Gorman Beverly J
Seller's Agent
Liz Roth
Richards & Richards Real Estate LLC
List Price
$95,000
Sold Price
$92,500
Premium/Discount to List
-$2,500
-2.63%
Current Estimated Value
$164,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,528
Avg. Annual Appreciation
3.60%
Original Mortgage
$92,500
Outstanding Balance
$64,934
Interest Rate
3.88%
Mortgage Type
VA
Estimated Equity
$83,054

Purchase Details

Closed on
Jul 27, 2005
Sold by
Frank Lisa A
Bought by
Mcclure Sandra Zerbe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.67%
Mortgage Type
New Conventional
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
Gorman Anthony Joseph $92,500 None Available
Mcclure Sandra Zerbe $88,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorman Anthony Joseph $92,500
Previous Owner Mcclure Sandra Zerbe $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2012 05/24/12 Sold $92,500 -2.6% $76 / Sq Ft
04/24/2012 04/24/12 Pending -- -- --
05/25/2011 05/25/11 For Sale $95,000 -- $78 / 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 $3,135 $84,160 $19,550 $64,610
2024 $2,906 $84,160 $19,550 $64,610
2023 $2,906 $84,160 $19,550 $64,610
2022 $2,906 $84,160 $19,550 $64,610
2021 $2,906 $84,160 $19,550 $64,610
2020 $2,906 $84,160 $19,550 $64,610
2019 $2,906 $84,160 $19,550 $64,610
2018 $2,906 $84,160 $19,550 $64,610
2017 -- $84,160 $19,550 $64,610
2016 $2,906 $84,160 $19,550 $64,610
2015 -- $84,160 $19,550 $64,610
2014 -- $84,160 $19,550 $64,610
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Liz Roth

    Richards & Richards Real Estate LLC

    (814) 437-2326

    30 Total Sales

    Liz Roth
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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 141534

APN: 16-025-052-000

Pennsylvania Venango County Oil City 16301

5 Drake Dr, Oil City, PA

This home is located at 5 Drake Dr, Oil City, PA 16301 since 25 May 2011 and is currently estimated at $164,028, approximately $134 per square foot. This property was built in 1955. 5 Drake Dr 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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