NOT LISTED FOR SALE

942 W 2nd St Erie, PA 16507

West Bayfront Neighborhood

Estimated Value: $280,000 - $398,696

10 Beds
-- Bath
5,376 Sq Ft
$64/Sq Ft Est. Value

Last Sold August 27, 2019

Last sale price $210,000 $39 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,442/month

74 Days on Market

Highlights

  • 0.24 Acre Lot
  • Forced Air Heating and Cooling System
  • 2-minute walk to Barbara Nitkiewicz Park

About This Home

As of August 2019

Located on Lake Erie's beautiful shores, The Lakehouse offers a tight-knit, pedestrian-friendly, pet-friendly community where restaurants, music, shopping and culture collide. Our prime location strikes the perfect balance of city convenience and quiet country life, just minutes from the cafes and restaurants of Lower State Street, and ease of being right on the lake and having access to Presque Isle State Park and just minutes to bike paths and boat docks.

Last Agent to Sell the Property

Maria Gartrell

Marsha Marsh RES West Ridge License #RS328467 Listed on: 05/01/2019

Last Buyer's Agent

Tama Samol

Howard Hanna Erie Airport License #RS320719

Howard Hanna Erie Airport

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1892

Lot Details

  • 10,367

Parking

  • 3 Parking Spaces

Home Design

  • 5,376 Sq Ft Home
  • Quadruplex
  • Vinyl Siding

Utilities

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

Additional Features

  • 10 Bedrooms
  • 10,367 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 17-040-038.0-112.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: W 2nd to house on north side of street.
  • Lot Size Acres: 0.238
  • Road Surface Type: Paved
  • Co List Office Phone: (814) 833-8840
  • MLS Status: Closed
  • Architectural Style: Fourplex
  • Living Area: 5376.0
  • Year Built: 1892
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Parcel Number: 17-040-038.0-112.00
  • Lot Dimensions: 0x0x0x0
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 6319.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2023
Sold by
Armatas Nathan G
Bought by
Presque Isle Property Investors Llc
Current Estimated Value
$342,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$282,530
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$91,367

Purchase Details

Listed on
May 1, 2019
Closed on
Aug 27, 2019
Sold by
Moraski John A
Bought by
Armatas Nathan G
Seller's Agent
Maria Gartrell
Marsha Marsh RES West Ridge
Buyer's Agent
Tama Samol
Howard Hanna Erie Airport
List Price
$239,900
Sold Price
$210,000
Premium/Discount to List
-$29,900
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%
Original Mortgage
$199,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2018
Sold by
Moraski John A and Estate Of Theresa Moraski
Bought by
Moraski John A
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
Presque Isle Property Investors Llc $360,000 None Listed On Document
Armatas Nathan G $210,000 None Available
Moraski John A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Presque Isle Property Investors Llc $288,000
Previous Owner Armatas Nathan G $199,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Price Changed $1,900 +31.9% $2 / Sq Ft
06/23/2022 06/23/22 Price Changed $1,440 +45.5% $1 / Sq Ft
06/07/2022 06/07/22 For Rent $990 0.0% --
05/20/2022 05/20/22 For Rent $990 0.0% --
08/27/2019 08/27/19 Sold $210,000 -8.3% $39 / Sq Ft
07/14/2019 07/14/19 Pending -- -- --
05/26/2019 05/26/19 Price Changed $229,000 -4.5% $43 / Sq Ft
05/01/2019 05/01/19 For Sale $239,900 -- $45 / 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 $6,919 $175,000 $62,200 $112,800
2024 $6,771 $175,000 $62,200 $112,800
2023 $6,578 $175,000 $62,200 $112,800
2022 $6,440 $175,000 $62,200 $112,800
2021 $6,350 $175,000 $62,200 $112,800
2020 $6,306 $175,000 $62,200 $112,800
2019 $5,976 $175,000 $62,200 $112,800
2018 $5,907 $175,000 $62,200 $112,800
2017 $5,895 $175,000 $62,200 $112,800
2016 $6,290 $175,000 $62,200 $112,800
2015 $6,247 $175,000 $62,200 $112,800
2014 $5,344 $175,000 $62,200 $112,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Maria Gartrell

    Marsha Marsh RES West Ridge

    (814) 460-6570

    1 in this area

    49 Total Sales

    Maria Gartrell
    Section Image

  • T

    Buyer's Agent in 2019

    Tama Samol

    Howard Hanna Erie Airport

    (814) 397-8423

    5 in this area

    98 Total Sales

    Tama Samol
    Section Image
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Map

Source: Greater Erie Board of REALTORS®

MLS Number: 139364

Greater Erie Board of REALTORS®

APN: 17-040-038.0-112.00

Pennsylvania Erie County Erie 16507 West Bayfront

942 W 2nd St, Erie, PA

This home is located at 942 W 2nd St, Erie, PA 16507 since 01 May 2019 and is currently estimated at $342,924, approximately $63 per square foot. This property was built in 1892. 942 W 2nd St is a home located in Erie County with nearby schools including Harding Elementary School, Strong Vincent Middle School, and Erie High 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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