$129,000
SOLD SEP 20, 2024

5 Hone Ave Unit 7 Oil City, PA 16301

4 Beds
2 Baths
2,610 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

12% Below List Price

211 Days on Market

Highlights

  • Wood Flooring
  • Gravity Heating System
  • Gas Fireplace
  • Porch

About This Home

As of September 2024

CALLING ALL INVESTORS...BRICK DUPLEX!... This great rental property is currently leased to full occupancy, with good rental history, has been renovated and is ready for your portfolio! 24 hr notice and pre-approval required prior to showings give us a call!

Last Agent to Sell the Property

Kevin Ochalek

Howard Hanna - Rosewood Real Estate Brokerage Phone: 8146775895 License #RS288264 Listed on: 02/21/2024

Howard Hanna - Rosewood Real Estate

Last Buyer's Agent

Bob Richards

Richards & Richards Real Estate LLC License #RB068500

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,313

Year Built

  • Built in 1917

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 2,610 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • No Cooling
  • Gravity Heating System
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Porch
  • 5,663 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 16,042.-043..-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 2 Separate Water Meters
  • Electric Expense $9,999,999
  • Insurance Expense $340
  • Water Sewer Expense $9,999,999
  • Operating Expense $340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,313

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Building Stories: 2
  • Year Built: 1917
  • Attribution Contact: 8146775895
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater, Unit 1 Stove, Unit 2 Stove, Unit 1 Refrigerator, Unit 2 Refrigerator
  • Has Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate

Exterior Features

  • Construction Type: Frame, Brick, Metal Siding
  • Patio And Porch Features: Porch
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Gravity
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None

Fee Information

  • Annual Water Sewer Expense: 9999999

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 9999999
  • Insurance Expense: 340
  • Annual Operating Expense: 340
  • Total Actual Rent: 1340
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 2

Tax Info

  • Tax Annual Amount: 1313
  • Tax Map Number: 16,042.-043..-000
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Sep 20, 2024
Sold by
Redfield Joseph A and Redfield Melissa
Bought by
Chapman Ann M
Seller's Agent
Kevin Ochalek
Howard Hanna - Rosewood Real Estate
Buyer's Agent
Bob Richards
Richards & Richards Real Estate LLC
List Price
$147,000
Sold Price
$129,000
Premium/Discount to List
-$18,000
-12.24%
Views
106
Current Estimated Value
$124,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,055
Avg. Annual Appreciation
-12.41%
Original Mortgage
$126,663
Outstanding Balance
$125,724
Interest Rate
6.47%
Mortgage Type
FHA
Estimated Equity
-$11,069

Purchase Details

Closed on
Mar 16, 2020
Sold by
Bowler Richard L and Bowler Sherrie L
Bought by
Redfield Joseph A and Redfield Melissa

Purchase Details

Closed on
Dec 4, 2015
Sold by
Euchler Lawrence W and Euchler Darlene A
Bought by
Bowler Richard L and Bowler Sherrie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
3.77%
Mortgage Type
Construction
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 Type Sale Price Title Company
Deed $129,000 Surety Settlement Services
Deed $10,000 None Available
Deed $12,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,663 FHA
Previous Owner $11,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $129,000 -2.3% $49 / Sq Ft
07/22/2024 07/22/24 Price Changed $132,000 -1.5% $51 / Sq Ft
06/05/2024 06/05/24 Price Changed $134,000 -3.6% $51 / Sq Ft
03/25/2024 03/25/24 Price Changed $139,000 -5.4% $53 / Sq Ft
02/21/2024 02/21/24 For Sale $147,000 -- $56 / 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 $1,416 $38,010 $2,570 $35,440
2024 $1,312 $38,010 $2,570 $35,440
2023 $1,312 $38,010 $2,570 $35,440
2022 $1,312 $38,010 $2,570 $35,440
2021 $1,312 $38,010 $2,570 $35,440
2020 $1,312 $38,010 $2,570 $35,440
2019 $1,312 $38,010 $2,570 $35,440
2018 $1,312 $38,010 $2,570 $35,440
2017 -- $38,010 $2,570 $35,440
2016 $1,312 $38,010 $2,570 $35,440
2015 -- $38,010 $2,570 $35,440
2014 -- $38,010 $2,570 $35,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 158868

APN: 16-042-043-000