See Home Value
$78,669*
House - Off Market

518 E 5TH Street

Erie, PA 16507
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1040 Sqft
$60,000 - $70,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold May 20, 2020
$66,000
$64,000 by Erie Fcu
Mortgage Due Jun 01, 2050
Sold Mar 28, 2017
$2,500

About This Property

Easy living new construction ranch home in a very handy downtown location. You'll find a charming front porch & a deep yard with storage shed. The floor plan is wide open & offers a first floor laundry. LERTA tax abatement means reduced property taxes for 10 years. Actual tax bills for the current year are $54.05 (2020 City & County; 2019/20 for school). Treat yourself!

The manager has listed the unit size as 1040 square feet.
Unit Size
1,040Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$67
Property Type
House
Property Taxes
$181
HOA Dues
$167
Year Built
2017

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
May 20, 2020 Sold to Carlos Ramos, Sanchez Juana... $66,000
Sold to Carlos Ramos, Sanchez Juana...
Mar 31, 2020 In contract -
In contract
Mar 10, 2020 Listed $69,900
Listed
Mar 28, 2017 Sold to Eric Area Habitat For Human... $2,500
Sold to Eric Area Habitat For Human...

Property Highlights

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,360
  • Lot Size Depth Feet: 1,590
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,040
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DENNY ADDITION TO THE CITY OF ERIE
  • Land Acres: 0.146
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 518 E 5 ST 40 X 159

Ownership

  • Current Owner : RAMOS CARLOS
  • Current Owner 2: CRUZ SANCHEZ JUANA
  • Previous Owner : GREATER ERIE AREA HABITAT FOR HUMANITY I
  • Owner Before Previous Owner: THE BAYFRONT EAST SIDE TASKFORCE INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Erie City School District
  • School Tax School District: ESD
  • Census Tract: 000400

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MAP 10
  • District: 14
  • Parcel: 14-010-017.0-230.00
  • Municipality: CITY OF ERIE
  • Latitude: 42.1349
  • Longitude: -80.0744

    Address

  • Full Address: 518 E 5th St
  • Address - House Number: 518
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: PA
  • City Name: Erie
  • Carrier Code: C017
  • 4-Digit Zip Code: 1712
  • Zip Code: 16507

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $881

    Appraisal Valuation

  • Standard Deviation: 0.2643
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 62
  • Final Value: 103,743
  • High Value: 131,165
  • Low Value: 76,321

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $64,000
  • First Open Lien Mortgage Lender: ERIE FCU
  • First Open Lien Mortgage Recording Date: May 20, 2020
  • First Open Lien Mortgage Loan Amount: $64,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2050

    Market Valuation

  • Market Total Value: $60,200
  • Market Land Value: $7,700
  • Market Improvement Value: $52,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,450
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $15,750

    Sales

  • Current Sale Contract Date: May 18, 2020
  • Current Sale Recording Date: May 20, 2020
  • Current Sale Transaction ID: 11764474162
  • Current Sale Price: $66,000
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 2020-008868
  • Previous Sale Recording Date: Mar 28, 2017
  • Previous Sale Contract Date: Mar 28, 2017
  • Previous Sale Amount: $2,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ERIE FCU
  • First Mortgage Transaction Date: May 20, 2020
  • First Mortgage Loan Amount: $64,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,364 ft²
$44/ft²
$60,000 May 22, 2023
-
$2,084/mo
Multifamily
3 Beds
-
1,784 ft²
$34/ft²
$59,900 Apr 17, 2023
-
$1,102/mo

About East Erie


Similar Homes for Sale

Unit for sale at 324 Wallace Street, Erie, PA 16507

$59,900

  • 3 Beds
  • 1,784 ft²
324 Wallace Street, Erie, PA 16507 Listing by Rose Nouri
Unit for sale at 758 East 8th Street, Erie, PA 16503

$60,000

  • 4 Beds
  • 2 Baths
  • 1,364 ft²
758 East 8th Street, Erie, PA 16503 Listing by David Lucas

Nearby Rentals

Unit for rent at

$950 /mo

  • Loft
Listing by Lovely large house near Gannon
Unit for rent at

$975 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
Listing by Manager
Unit for rent at

$975 /mo

  • 2 Beds
  • 2 Baths
Listing by Lovell Place


Frequently Asked Questions

When was property at 518 East 5th Street built and last sold?
The property at 518 East 5th Street was built in 2017 and last sold on May 18, 2020 for $66,000.
How much is this home worth?
The estimated value of the home located at 518 East 5th Street is $71,259.
What are some comparable homes to 518 East 5th Street?
There are currently no comparable homes to 518 East 5th Street.

Quantcast