NOT LISTED FOR SALE

8 Penn Way Oil City, PA 16301

Estimated Value: $207,000 - $233,000

4 Beds
3 Baths
2,283 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $210,000 $92 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,548/month

160 Days on Market

Highlights

  • Ranch Style House
  • Porch
  • Outdoor Storage
  • Skylights
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of February 2024

Don't skip past this ranch home! This one floor home has no lack of space. There are four bedrooms and not one, not two but THREE bathrooms! There is also a dedicated laundry room, living room, den, kitchen and dining room! This gives you plenty of space for entertaining or creating a relaxing get away space in your own home. The master suite features vaulted ceilings, walk in closet, and a full bathroom! . Not to mention the updates the owner has done just in the past year. There is new 200 amp electric service, new air conditioning, and a new furnace. There are two furnaces with the other one being recently serviced. There have also been repairs done to the ceilings. The property is within walking distance to Hasson Park with ball field, pool and hockey rink right around the corner. This home has it all, be sure to check it out!

Last Agent to Sell the Property

Dana Shawgo

Shawgo Real Estate LLC Brokerage Phone: 8144377653 License #RM424170 Listed on: 09/15/2023

Last Buyer's Agent

Dana Shawgo

Shawgo Real Estate LLC Brokerage Phone: 8144377653 License #RM424170 Listed on: 09/15/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,140

Year Built

  • Built in 1955

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 100x209

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,283 Sq Ft Home
  • Skylights
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 16,056.-003..-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,140

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Lot Size: 100x209
  • Directions: From VCCH, Head southeast on Elk St toward S Park St (0.2 mi), Follow US-62 N to Center St in Oil City (7.7 mi), Take Plummer St and Park Rd to Penn Way (1.8 mi)
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1955
  • Attribution Contact: 8144377653
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Dryer, Range, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Main Level Bedroom
  • Window Features: Skylight(s)

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Storage
  • Other Structures: Storage Shed
  • Patio And Porch Features: Porch
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car, Attached, Driveway
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: W/D Hook Up
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Schools

  • Junior High Dist: Oil City

Lot Info

  • Lot Size Sq Ft: 20908.8
  • Zoning: unknown

Tax Info

  • Tax Annual Amount: 4140
  • Tax Map Number: 16,056.-003..-000
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Feb 16, 2024
Sold by
Payne Mary Ann
Bought by
Verland Cla
Seller's Agent
Dana Shawgo
Shawgo Real Estate LLC
Buyer's Agent
Dana Shawgo
Shawgo Real Estate LLC
List Price
$219,000
Sold Price
$210,000
Premium/Discount to List
-$9,000
-4.11%
Views
293
Current Estimated Value
$223,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,462
Avg. Annual Appreciation
-1.97%

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 25, 2022
Sold by
Baker Douglas Paul and Baker Donna
Bought by
Payne Mary Ann
Seller's Agent
Brian Wice
Shawgo Real Estate LLC
Buyer's Agent
Brian Wice
Shawgo Real Estate LLC
List Price
$189,000
Sold Price
$185,000
Premium/Discount to List
-$4,000
-2.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%

Purchase Details

Listed on
Aug 2, 2021
Closed on
Nov 15, 2021
Sold by
Schwab Marjorie J
Bought by
Baker Douglas Paul and Curll Donna
Seller's Agent
Dana Shawgo
Shawgo Real Estate LLC
Buyer's Agent
Brian Wice
Shawgo Real Estate LLC
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$169,159
Interest Rate
3.09%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2018
Sold by
Schwab Eugene R and Schwab Marjorie J
Bought by
Schwab Marjorie J

Purchase Details

Closed on
Jul 24, 2012
Sold by
Hall William J and Hall Jane E
Bought by
Schwab Eugene R and Schwab Marjorie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 Buyer Sale Price Title Company
Verland Cla $210,000 None Listed On Document
Payne Mary Ann $185,000 --
Baker Douglas Paul $175,000 None Listed On Document
Schwab Marjorie J -- None Available
Schwab Eugene R $155,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Douglas Paul $169,159
Previous Owner Baker Douglas Paul $169,159
Previous Owner Schwab Eugene R $124,000
Previous Owner Hall Jane E $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $210,000 0.0% $92 / Sq Ft
11/14/2023 11/14/23 Price Changed $210,000 -4.1% $92 / Sq Ft
09/15/2023 09/15/23 For Sale $219,000 +18.4% $96 / Sq Ft
10/27/2022 10/27/22 Sold $185,000 -2.1% $81 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $189,000 +8.0% $83 / Sq Ft
11/17/2021 11/17/21 Sold $175,000 -7.8% $77 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $189,900 -- $83 / 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 $4,296 $115,320 $16,720 $98,600
2024 $3,982 $115,320 $16,720 $98,600
2023 $3,982 $115,320 $16,720 $98,600
2022 $3,982 $115,320 $16,720 $98,600
2021 $3,982 $115,320 $16,720 $98,600
2020 $3,982 $115,320 $16,720 $98,600
2019 $3,982 $115,320 $16,720 $98,600
2018 $3,982 $115,320 $16,720 $98,600
2017 -- $115,320 $16,720 $98,600
2016 $3,982 $115,320 $16,720 $98,600
2015 -- $115,320 $16,720 $98,600
2014 -- $115,320 $16,720 $98,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Allegheny Valley Board of REALTORS®

MLS Number: 158375

APN: 16-056-003-000