NOT LISTED FOR SALE

8518 E Lake Rd Erie, PA 16511

Estimated Value: $452,388 - $555,000

4 Beds
3 Baths
3,224 Sq Ft
$163/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $340,000 $105 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,298/month

37 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • 2 Car Detached Garage
  • Deck
  • 2 Fireplaces
  • Porch

About This Home

As of July 2018

Beautiful secluded Lake Front home on 1.57 stunning acres! You will love the amazing open floor plan, gleaming wood floors, custom kitchen with large island and lots of cupboard and counter space. The dining area has sliding doors out to a large deck. Large living room with stone fireplace. Two second floor Master Bedroom suites with decks overlooking the Lake! Large first floor bedroom could be a family room, office or den. You will love entertaining while watching beautiful sunsets!

Last Agent to Sell the Property

Gerri Newara

Howard Hanna Erie East License #RS218465L Listed on: 05/09/2018

Howard Hanna Erie East

Last Buyer's Agent

Jennifer Smicker

Howard Hanna Erie East License #RS333116

Howard Hanna Erie East

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,305

Year Built

  • Built in 1950

Lot Details

  • 1.57 Acre Lot
  • Lot Dimensions are 80x945x0x0
  • Lake Front
  • Zoning described as LF

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,224 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 27-030-026.0-020.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,305

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Directions: East Lake Road between Highmeyer and Shomont.
  • Lot Size Acres: 1.57
  • Co List Office Phone: (814) 899-3005
  • MLS Status: Closed
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Living Area: 3224.0
  • Year Built: 1950
  • Tax Year: 2017
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Refrigerator
  • Basement: Exterior Entry, Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Home Warranty: No
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Porch
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Detached, Garage, Garage Door Opener

Utilities

  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Public

Schools

  • Junior High Dist: Harborcrk

Lot Info

  • Parcel Number: 27-030-026.0-020.00
  • Lot Dimensions: 80x945x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: LF
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 23, 2018
Sold by
Soder Eric R and Soder Jenna L
Bought by
Destro Jacqueline Lee and Destro Anthony Robert
Seller's Agent
Gerri Newara
Howard Hanna Erie East
Buyer's Agent
Jennifer Smicker
Howard Hanna Erie East
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
Current Estimated Value
$525,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,347
Avg. Annual Appreciation
6.19%
Original Mortgage
$268,000
Outstanding Balance
$232,262
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$293,085

Purchase Details

Listed on
Sep 12, 2014
Closed on
Dec 10, 2014
Sold by
Central Penn Capital Management Llc
Bought by
Soder Eric R
Seller's Agent
Paul Kitchen
RE/MAX Real Estate Group East
Buyer's Agent
Mary Lou Edgett
Howard Hanna Erie Airport
List Price
$299,900
Sold Price
$254,900
Premium/Discount to List
-$45,000
-15.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$250,282
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 2014
Sold by
Hamilton Kay A and Burns Michael F
Bought by
Central Penn Capital Management Llc

Purchase Details

Closed on
Nov 27, 2009
Sold by
Hamilton Kay A
Bought by
Hamilton Kay A and Burns Michael F

Purchase Details

Closed on
Sep 11, 2009
Sold by
Townsend Neil A and Township Beverly F
Bought by
Hamilton Kay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2002
Sold by
Ducato Michael J and Ducato Karen L
Bought by
Townsend Neil A and Townsend Beverly F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Destro Jacqueline Lee $340,000 None Available
Soder Eric R $254,900 None Available
Central Penn Capital Management Llc $211,555 None Available
Hamilton Kay A $219,500 None Available
Hamilton Kay A $439,000 None Available
Townsend Neil A $292,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Destro Jacqueline Lee $268,000
Previous Owner Soder Eric R $250,282
Previous Owner Hamilton Kay A $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2018 07/31/18 Sold $340,000 -9.3% $105 / Sq Ft
06/15/2018 06/15/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $375,000 +47.1% $116 / Sq Ft
12/23/2014 12/23/14 Sold $254,900 -15.0% $79 / Sq Ft View Prior Sale
11/11/2014 11/11/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $299,900 -- $93 / 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 $6,578 $237,500 $150,000 $87,500
2024 $6,412 $237,500 $150,000 $87,500
2023 $6,089 $237,500 $150,000 $87,500
2022 $5,925 $237,500 $150,000 $87,500
2021 $5,806 $237,500 $150,000 $87,500
2020 $5,611 $237,500 $150,000 $87,500
2019 $5,497 $237,500 $150,000 $87,500
2018 $5,307 $237,500 $150,000 $87,500
2017 $5,255 $237,500 $150,000 $87,500
2016 $10,015 $237,500 $150,000 $87,500
2015 $9,956 $419,600 $206,100 $213,500
2014 $4,543 $419,600 $206,100 $213,500
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gerri Newara

    Howard Hanna Erie East

    Section Image

  • J

    Buyer's Agent in 2018

    Jennifer Smicker

    Howard Hanna Erie East

    (814) 397-0197

    6 Total Sales

    Jennifer Smicker
    Section Image
  • Paul Kitchen

    Seller's Agent in 2014

    Paul Kitchen

    RE/MAX

    (888) 898-3558

    208 Total Sales

    Paul Kitchen
    Section Image

  • M

    Buyer's Agent in 2014

    Mary Lou Edgett

    Howard Hanna Erie Airport

    Section Image
See All Agents

Map

Source: Greater Erie Board of REALTORS®

MLS Number: 126057

Greater Erie Board of REALTORS®

APN: 27-030-026.0-020.00

Pennsylvania Erie County Erie 16511

8518 E Lake Rd, 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.

Nearby Homes