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538 Colbert Avenue

538 Colbert Avenue, Oil City, PA 16301
Property in Oil City
Sold Sep 03, 2021
$42,000
$33,600 by First United National Bank
Mortgage Due Sep 03, 2036
Sold May 15, 2017
$24,000
538 Colbert Avenue has been categorized by the local assessors in Oil City, PA as a residential type of property. The linear feet between the front and back of the lot is 1,240 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,405 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. Finally, the property is currently sourcing its water from none system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 538 Colbert Avenue was last sold in Sep 2, 2021 for $42,000. Prior to that sales transaction, the property was sold for $24,000 in May 11, 2017. Current property owners are expected to pay $557 in taxes per year. The property on 538 Colbert Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,120. To break that down further, the land itself was valued at $1,000. While improvements to the property were assessed at a total of $15,120. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 600
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 0.17
  • Standard Land Use Code: Misc Residential improvement

Ownership

  • Current Owner : LOCKHART JOSEPH S
  • Previous Owner : CARBAUGH JAY D
  • Previous Owner 2: CARBAUGH LINDA J
  • Owner Before Previous Owner: WAGNER JOHN H
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Oil City Area School District
  • School Tax School District: OIL CITY AREA
  • Census Tract: 201100

Geography

  • Assessors Map Reference: MAP 16096241
  • District: 16
  • Parcel: 16,096.-241..-000
  • Municipality: OIL CITY
  • Latitude: 41.4209
  • Longitude: -79.6936

    Address

  • Full Address: 538 Colbert Ave
  • Address - House Number: 538
  • Address - Street Name: Colbert
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Oil City
  • Zip Code: 16301

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $557

    Appraisal Valuation

  • Standard Deviation: 0.1094
  • Valuation Date: May 31, 2023
  • Confidence Score: 78
  • Final Value: 26,580
  • High Value: 29,487
  • Low Value: 23,672

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $33,600
  • First Open Lien Mortgage Lender: FIRST UNITED NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $33,600
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 03, 2036

    Market Valuation

  • Market Total Value: $16,120
  • Market Land Value: $1,000
  • Market Improvement Value: $15,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,120
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $15,120

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Transaction ID: 11855148524
  • Current Sale Price: $42,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021-004742
  • Previous Sale Recording Date: May 15, 2017
  • Previous Sale Contract Date: May 11, 2017
  • Previous Sale Amount: $24,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED NATIONAL BANK
  • First Mortgage Transaction Date: Sep 03, 2021
  • First Mortgage Loan Amount: $33,600
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Sep 03, 2036

    Financing

  • First Mortgage Financing Type: Variable

About Oil City



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Frequently Asked Questions

What neighborhood is 538 Colbert Avenue located in?
The 538 Colbert Avenue is a located in the neighborhood of Oil City in Oil City, Oil City.
What is the average sales price for listings in 538 Colbert Avenue?
The average sales price for units in 538 Colbert Avenue is $0 currently.

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