NOT LISTED FOR SALE

7400 Schultz Rd Erie, PA 16509

Estimated Value: $301,036

0.31 Acre
$971,084 Price per Acre
13,504 Sq Ft Lot

Last Sold June 19, 2013

Last sale price $55,000 $23 Per Sq Ft

Est. 447% increase in value since last sale

Current estimated payment $1,945/month

176 Days on Market

About This Lot

As of June 2013

Nice Commercial Corner Near Route 97. Existing Building Should Be Razed. Caution There Is About 5 Feet Of Standing Water In Basement. Property Is Serviced By Well, Public Water At Street.

Last Agent to Sell the Property

Bill Bucceri

Coldwell Banker Select - Airport License #AB065910 Listed on: 11/15/2012

Coldwell Banker Select - Airport

Last Buyer's Agent

Bill Bucceri

Coldwell Banker Select - Airport License #AB065910 Listed on: 11/15/2012

Coldwell Banker Select - Airport

Property Details

Property Type

  • Land

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 140x156x0x0
  • Zoning described as B-1

Listing and Financial Details

  • Assessor Parcel Number 40-011-043.0-004.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Business
  • Directions: Corner Of Schultz And Bloomfield Parkway.
  • Current Use: Office
  • Lot Size Acres: 0.31
  • Co List Office Phone: (814) 833-3331
  • MLS Status: Closed
  • Tax Year: 2013
  • Property Sub Type Additional: Commercial
  • Special Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: See Remarks

Schools

  • Junior High Dist: Fort LeBoeuf

Lot Info

  • Parcel Number: 40-011-043.0-004.00
  • Lot Dimensions: 140x156x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: B-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2858.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2021
Sold by
Sturm James M and Sturm Julie
Bought by
Zhang Yicun
Current Estimated Value
$301,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$132,556
Interest Rate
2.1%
Mortgage Type
Commercial
Estimated Equity
$168,480

Purchase Details

Listed on
Nov 15, 2012
Closed on
Jun 18, 2013
Sold by
Rike Enterprises
Bought by
Sheehan Craig W
Seller's Agent
Bill Bucceri
Coldwell Banker Select - Airport
Buyer's Agent
Bill Bucceri
Coldwell Banker Select - Airport
List Price
$89,000
Sold Price
$55,000
Premium/Discount to List
-$34,000
-38.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
May 23, 2000
Sold by
Doctors Optical Laboratory Inc
Bought by
Rike Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.1%
Mortgage Type
Commercial
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
Zhang Yicun $230,000 None Available
Sheehan Craig W $55,000 None Available
Rike Enterprises $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Yicun $172,500
Previous Owner Rike Enterprises $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2013 06/19/13 Sold $55,000 -38.2% $23 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $89,000 -- $37 / 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 $4,250 $193,800 $80,800 $113,000
2024 $4,078 $193,800 $80,800 $113,000
2023 $3,855 $193,800 $80,800 $113,000
2022 $3,752 $193,800 $80,800 $113,000
2021 $3,663 $193,800 $80,800 $113,000
2020 $3,614 $193,800 $80,800 $113,000
2019 $3,614 $193,800 $80,800 $113,000
2018 $3,556 $193,800 $80,800 $113,000
2017 $3,485 $193,800 $80,800 $113,000
2016 $4,169 $193,800 $80,800 $113,000
2015 $4,120 $193,800 $80,800 $113,000
2014 $1,397 $80,000 $50,000 $30,000
Source: Public Records

Agents Affiliated with this Home

  • Bill Bucceri

    Seller's Agent in 2013

    Bill Bucceri

    Coldwell Banker Select - Airport

    (814) 882-6781

    1 in this area

    76 Total Sales

    Bill Bucceri
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 30479

Greater Erie Board of REALTORS®

APN: 40-011-043.0-004.00

Pennsylvania Erie County Erie 16509

7400 Schultz Rd, Erie, PA

This home is located at 7400 Schultz Rd, Erie, PA 16509 since 15 November 2012 and is currently estimated at $301,036, approximately $125 per square foot. 7400 Schultz Rd is a home located in Erie County with nearby schools including Fort Leboeuf Middle School, Fort Leboeuf Senior High School, and St. Luke 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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