Seller's Agent in 2019
Sherry Bauer
SBRE - Sherry Bauer Real Estate Services
(814) 790-8342
3 in this area
71 Total Sales
504 W 18th St Erie, PA 16502
Little Italy NeighborhoodEstimated Value: $816,249
6
Beds
--
Bath
8,458
Sq Ft
$97/Sq Ft
Est. Value
About This Home
As of June 20195 Unit NNN Master Lease Investment Opportunity With A 10% Cap Rate & 100% Occupancy! 2 Fully occupied, completely renovated mixed-use buildings on 3 parcels totaling 0.35 acres with private parking for 16 cars. 504 W. 18th Street - built in 2007: two 1-bedroom apartments & 2,844 SF first floor commercial suite. 506 W. 18th Street - completely renovated in 2007: one 4-bedroom/1.5 bath apartment & 1,773 SF first floor commercial suite. Add'l Tax ID's: 16-030-026.0-137.00, 16-030-026.0-135.00.
Last Agent to Sell the Property
SBRE - Sherry Bauer Real Estate Services License #RM422666 Listed on: 03/14/2018
Last Buyer's Agent
SBRE - Sherry Bauer Real Estate Services License #RM422666 Listed on: 03/14/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,658
Year Built
- Built in 2007
Lot Details
- 0.35
Parking
- 16 Parking Spaces
Home Design
- 8,458 Sq Ft Home
- Brick Exterior Construction
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- 6 Bedrooms
- 0.35 Acre Lot
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 16-030-026.0-138.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2018
Closed on
Jun 13, 2019
Sold by
504 West 18Th Street Llc
Bought by
Lyons Properties Llc
Seller's Agent
Sherry Bauer
SBRE - Sherry Bauer Real Estate Services
Buyer's Agent
Sherry Bauer
SBRE - Sherry Bauer Real Estate Services
List Price
$595,000
Sold Price
$520,000
Premium/Discount to List
-$75,000
-12.61%
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
$296,249
Avg. Annual Appreciation
7.42%
Original Mortgage
$416,000
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 2008
Sold by
Redevelopment Authority Of The City Of E
Bought by
504 W 18Th Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 31, 2002
Sold by
Smith Donald W and Smith Christine A
Bought by
Redevelopment Authority Of City Of Erie
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lyons Properties Llc | $520,000 | Settlement Engine | |
| 504 W 18Th Street Llc | $339,000 | None Available | |
| Redevelopment Authority Of City Of Erie | $12,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lyons Properties Llc | $350,000 | |
| Closed | Lyons Properties Llc | $416,000 | |
| Previous Owner | 504 W 18Th Street Llc | $300,000 | |
| Previous Owner | Redevelopment Authority Of The City Erie | $555,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2019 06/24/19 | Sold | $520,000 | -12.6% | $61 / Sq Ft |
| 04/01/2019 04/01/19 | Pending | -- | -- | -- |
| 03/14/2018 03/14/18 | For Sale | $595,000 | 0.0% | $70 / Sq Ft |
| 02/06/2017 02/06/17 | Rented | $575 | 0.0% | -- |
| 11/15/2016 11/15/16 | Under Contract | -- | -- | -- |
| 09/14/2016 09/14/16 | For Rent | $575 | -- | -- |
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 | $8,521 | $215,520 | $10,880 | $204,640 |
| 2024 | $8,339 | $215,520 | $10,880 | $204,640 |
| 2023 | $8,101 | $215,520 | $10,880 | $204,640 |
| 2022 | $7,931 | $215,520 | $10,880 | $204,640 |
| 2021 | $7,820 | $215,520 | $10,880 | $204,640 |
| 2020 | $7,766 | $215,520 | $10,880 | $204,640 |
| 2019 | $4,487 | $131,400 | $6,800 | $124,600 |
| 2018 | $4,436 | $131,400 | $6,800 | $124,600 |
| 2017 | $229 | $6,800 | $6,800 | $0 |
| 2016 | $257 | $6,800 | $6,800 | $0 |
| 2015 | $255 | $6,800 | $6,800 | $0 |
| 2014 | $220 | $6,800 | $6,800 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2017
Amanda Bogert
SBRE - Sherry Bauer Real Estate Services
(814) 790-8342
12 Total Sales
Map
Source: Greater Erie Board of REALTORS®
MLS Number: 120982
APN: 16-030-026.0-138.00
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