NOT LISTED FOR SALE

508 Central Ave Oil City, PA 16301

Estimated Value: $53,000 - $81,000

3 Beds
1 Bath
1,496 Sq Ft
$45/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $12,500 $8 Per Sq Ft

Est. 436% increase in value since last sale

Current estimated payment $470/month

158 Days on Market

Highlights

  • 1 Car Detached Garage
  • Porch
  • Hot Water Heating System

About This Home

As of July 2016

Affordable 3 bedroom, 1 bath, two story home located close to town, one car detached garage. Property is being sold As Is and No Warranty!

Last Agent to Sell the Property

William Moon

GATES & BURNS REALTY, INC OC License #RM423628 Listed on: 01/20/2016

Last Buyer's Agent

Robin Moon

GATES & BURNS REALTY, INC OC License #RS318776

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 38' x 111'
  • 16,020.030000
  • Property is zoned R-2

Parking

  • 1 Car Detached Garage

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,496 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Hot Water Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16,020.-030-000

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Lot Size: 38' x 111'
  • Directions: From VCCH take Rt. 8 N to Oil City, turn Right onto Petroleum St, Left onto West First St, turn Right onto Central Ave. Home is located on the Right side of the street midway up the hill.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1900
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Car, Detached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: W/D Hook Up
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • 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: 4356
  • Additional Parcels Description: 16,020.030000
  • Additional Parcels: Yes
  • Zoning: R-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1200
  • Tax Map Number: 16,020.-030-000
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2016
Closed on
Jul 28, 2016
Sold by
First United National Bank
Bought by
Jennings Richard L and Jennings Renate M
Seller's Agent
William Moon
GATES & BURNS REALTY, INC OC
Buyer's Agent
Robin Moon
GATES & BURNS REALTY, INC OC
List Price
$19,900
Sold Price
$12,500
Premium/Discount to List
-$7,400
-37.19%
Current Estimated Value
$66,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,467
Avg. Annual Appreciation
20.08%

Purchase Details

Closed on
Jan 6, 2016
Sold by
Cowles Scott R
Bought by
First United National Bank
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
Jennings Richard L $12,500 None Available
First United National Bank $2,208 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cowles Scott R $31,000
Previous Owner Cowles Scott R $25,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $12,500 -37.2% $8 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $19,900 -- $13 / 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 $1,294 $34,740 $3,630 $31,110
2024 $1,200 $34,740 $3,630 $31,110
2023 $1,200 $34,740 $3,630 $31,110
2022 $1,200 $34,740 $3,630 $31,110
2021 $1,200 $34,740 $3,630 $31,110
2020 $1,200 $34,740 $3,630 $31,110
2019 $1,200 $34,740 $3,630 $31,110
2018 $1,200 $34,740 $3,630 $31,110
2017 -- $34,740 $3,630 $31,110
2016 $1,200 $34,740 $3,630 $31,110
2015 -- $34,740 $3,630 $31,110
2014 -- $34,740 $3,630 $31,110
Source: Public Records

Agents Affiliated with this Home

  • William Moon

    Seller's Agent in 2016

    William Moon

    GATES & BURNS REALTY, INC OC

    (814) 676-8541

    212 Total Sales

    William Moon
    Section Image

  • R

    Buyer's Agent in 2016

    Robin Moon

    GATES & BURNS REALTY, INC OC

    (814) 671-7168

    59 Total Sales

    Robin Moon
    Section Image
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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 147725

APN: 16-020-030-000

Pennsylvania Venango County Oil City 16301

508 Central Ave, Oil City, PA

This home is located at 508 Central Ave, Oil City, PA 16301 since 20 January 2016 and is currently estimated at $66,967, approximately $44 per square foot. This property was built in 1900. 508 Central Ave 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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