NOT LISTED FOR SALE

840 E 40th St Erie, PA 16504

Mercyhurst Neighborhood

Estimated Value: $162,000 - $221,000

2 Beds
1 Bath
1,800 Sq Ft
$107/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2019

Last sale price $85,000 $47 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $1,318 / mo

98 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Ceramic Tile Flooring
  • Raised Ranch Architecture
  • Shed
  • Forced Air Heating and Cooling System

About This Home

As of April 2019

Plenty of value in this move-in ready home just a short walk to Mercyhurst University. Located on a dead end street, this raised ranch has great potential for student rental or affordable single family home. Bright open kitchen and some new carpeting and paint. All appliances including and washer and dryer will stay. Huge yard with nice storage shed. Potential for another bedroom in the lower level.

Last Agent to Sell the Property

Corey Barbato

KW Flagship Realty License #AB068966 Listed on: 10/26/2018

Last Buyer's Agent

Debbie Leasure

Howard Hanna Erie Southwest License #RS310602

Howard Hanna Erie Southwest

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 5,275 Sq Ft Lot
  • Lot Dimensions are 95x98x98x125

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1 Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 18-053-077.0-100.00

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

5,275 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Directions: 840 East 40th St
  • Lot Size Acres: 0.1211
  • Road Surface Type: Paved
  • Co List Office Phone: (814) 833-9801
  • MLS Status: Closed
  • Architectural Style: Raised Ranch
  • Living Area: 1800.0
  • Year Built: 1962
  • Tax Year: 2018
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Trash Compactor, Dryer, Washer
  • Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Home Warranty: No
  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Deck, Storage
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck

Utilities

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

Schools

  • Junior High Dist: City-Erie

Lot Info

  • Parcel Number: 18-053-077.0-100.00
  • Lot Dimensions: 95x98x98x125
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3082.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2018
Closed on
Apr 2, 2019
Sold by
Melaragno Linda J
Bought by
Titus Tyler and Prabhu Shraddha A
Seller's Agent
Corey Barbato
KW Flagship Realty
Buyer's Agent
Debbie Leasure
Howard Hanna Erie Southwest
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Current Estimated Value
$193,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,202
Avg. Annual Appreciation
12.35%
Original Mortgage
$4,000
Outstanding Balance
$3,517
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$189,685

Purchase Details

Closed on
Oct 15, 2018
Sold by
Waterstone Homes Llc
Bought by
Melaragno Linda J

Purchase Details

Listed on
Apr 15, 2013
Closed on
Jun 3, 2013
Sold by
Estate Of Lillian J Malanowski
Bought by
Waterstone Homes Llc
Seller's Agent
Nanci Lorei
Marsha Marsh RES Peach
Buyer's Agent
Nanci Lorei
Marsha Marsh RES Peach
List Price
$99,900
Sold Price
$63,000
Premium/Discount to List
-$36,900
-36.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$85,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Titus Tyler $85,000 None Available
Titus Tyler $4,000 None Available
Melaragno Linda J -- None Available
Waterstone Homes Llc $63,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Titus Tyler $4,000
Open Titus Tyler $83,460
Previous Owner Waterstone Homes Llc $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2019 04/02/19 Sold $85,000 -14.9% $47 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
10/26/2018 10/26/18 For Sale $99,900 +58.6% $56 / Sq Ft
07/03/2013 07/03/13 Sold $63,000 -36.9% $35 / Sq Ft View Prior Sale
06/24/2013 06/24/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $99,900 -- $56 / Sq Ft
Source: Greater Erie Board of REALTORS®

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 $3,600 $91,060 $17,800 $73,260
2024 $3,523 $91,060 $17,800 $73,260
2023 $3,423 $91,060 $17,800 $73,260
2022 $3,351 $91,060 $17,800 $73,260
2021 $3,304 $91,060 $17,800 $73,260
2020 $3,281 $91,060 $17,800 $73,260
2019 $3,110 $91,060 $17,800 $73,260
2018 $3,074 $91,060 $17,800 $73,260
2017 $3,067 $91,060 $17,800 $73,260
2016 $3,443 $91,060 $17,800 $73,260
2015 $3,421 $91,060 $17,800 $73,260
2014 $2,951 $91,060 $17,800 $73,260
Source: Public Records

Agents Affiliated with this Home

  • Corey Barbato

    Seller's Agent in 2019

    Corey Barbato

    KW Flagship Realty

    (814) 490-6701

    4 in this area

    68 Total Sales

    Corey Barbato
    Section Image

  • D

    Buyer's Agent in 2019

    Debbie Leasure

    Howard Hanna Erie Southwest

    Section Image
  • Nanci Lorei

    Seller's Agent in 2013

    Nanci Lorei

    Marsha Marsh RES Peach

    (814) 881-0580

    5 in this area

    124 Total Sales

    Nanci Lorei
    Section Image
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 134593

Greater Erie Board of REALTORS®

APN: 18-053-077.0-100.00

Pennsylvania Erie County Erie 16504 Mercyhurst

840 E 40th St, Erie, PA

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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