NOT LISTED FOR SALE

500 Rankine Ave Erie, PA 16511

Lawrence Park Neighborhood

Estimated Value: $299,000 - $362,192

3 Beds
2.5 Baths
2,688 Sq Ft
$123/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $325,000 $121 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,300/month

6 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Patio
  • 1 Fireplace
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2023

Unique! A Frank Lloyd Wright - inspired architect designed this house for a prominent site in what is now historic Lawrence Park. Two stories, 3 possibly 4 bedrooms, 2 1/2 baths in 2688 square feet. Distinctive architectural features, quality construction, consistent, and careful maintenance, and four season landscaping. An Erie gem!

Last Agent to Sell the Property

Toni Smith

RE/MAX Real Estate Group Erie Brokerage Phone: (814) 833-9801 License #RS308478 Listed on: 07/28/2023

RE/MAX Real Estate Group Erie

Co-Listed By

Dennis Smith

RE/MAX Real Estate Group Erie Brokerage Phone: (814) 833-9801 License #RS335481

Last Buyer's Agent

Ethan Sykes

Altair Real Estate Services License #RS357607

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,997

Year Built

  • Built in 1942

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 110x140x0x0

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Partial Basement

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 29-012-021.0-003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,997

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Directions: East Lake Road to South on Rankine between Iroquois and Nagle Roads.
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Co List Office Mls Id: REMX01
  • Co List Office Phone: (814) 833-9801
  • Attribution Contact: (814) 833-9801
  • Co List Office Phone: (814) 833-9801
  • MLS Status: Closed
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Living Area: 2688.0
  • Year Built: 1942
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Tile
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Home Warranty: No
  • Construction Type: Brick, Frame
  • Exterior Features: Paved Driveway, Porch, Patio
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Iroquois

Lot Info

  • Parcel Number: 29-012-021.0-003.00
  • Lot Dimensions: 110x140x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4997.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Sep 15, 2023
Sold by
Iobst Philip K and Iobst Marguerite R
Bought by
Seaver-Hall Philip and Seaver-Hall Ansleigh
Seller's Agent
Toni Smith
RE/MAX Real Estate Group Erie
Buyer's Agent
Ethan Sykes
Altair Real Estate Services
List Price
$295,000
Sold Price
$325,000
Premium/Discount to List
$30,000
10.17%
Views
262
Current Estimated Value
$330,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,048
Avg. Annual Appreciation
0.76%
Original Mortgage
$280,000
Outstanding Balance
$275,315
Interest Rate
6.9%
Mortgage Type
Construction
Estimated Equity
$54,520
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Seaver-Hall Philip $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seaver-Hall Philip $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $325,000 +10.2% $121 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $295,000 -- $110 / Sq Ft
Source: Greater Erie 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 $6,010 $149,910 $22,800 $127,110
2024 $5,785 $149,910 $22,800 $127,110
2023 $5,437 $149,910 $22,800 $127,110
2022 $5,163 $149,910 $22,800 $127,110
2021 $4,863 $149,910 $22,800 $127,110
2020 $4,694 $149,910 $22,800 $127,110
2019 $4,694 $149,910 $22,800 $127,110
2018 $4,487 $149,910 $22,800 $127,110
2017 $4,369 $149,910 $22,800 $127,110
2016 $4,466 $149,910 $22,800 $127,110
2015 $4,429 $149,910 $22,800 $127,110
2014 $1,853 $149,910 $22,800 $127,110
Source: Public Records

Agents Affiliated with this Home

  • Toni Smith

    Seller's Agent in 2023

    Toni Smith

    RE/MAX

    (814) 746-0400

    5 in this area

    262 Total Sales

    Toni Smith
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Dennis Smith

    RE/MAX

    (814) 392-5647

    5 in this area

    191 Total Sales

    Dennis Smith
    Section Image
  • Ethan Sykes

    Buyer's Agent in 2023

    Ethan Sykes

    Altair Real Estate Services

    (814) 722-4524

    1 in this area

    8 Total Sales

    Ethan Sykes
    Section Image
See All Agents

Map

Source: Greater Erie Board of REALTORS®

MLS Number: 170347

Greater Erie Board of REALTORS®

APN: 29-012-021.0-003.00

Pennsylvania Erie County Erie 16511 Lawrence Park

500 Rankine Ave, Erie, PA

This home is located at 500 Rankine Ave, Erie, PA 16511 since 28 July 2023 and is currently estimated at $330,048, approximately $122 per square foot. This property was built in 1942. 500 Rankine Ave is a home located in Erie County with nearby schools including Iroquois Elementary School, Iroquois Junior/Senior High School, and Mount Calvary Elementary School.

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.

Greater Erie Board of REALTORS® 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.

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