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1039 East 5th Street

1039 East 5th Street, Erie, PA 16507
Sold Nov 17, 2020
$25,000
$23,750 by Equity Resources Inc
Mortgage Due Dec 01, 2050
1039 East 5th Street has been categorized by the local assessors in Erie, PA as a residential type of property. The building on the property was first built in 1917 and is 107 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1039 East 5th Street has 1,296 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 270 ft. The area measurement of the land has been determined as 3,254 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

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 detached garage for those who require parking. The garage measured 198 sqft. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 1039 East 5th Street was last sold in Nov 16, 2020 for $25,000. According to our calculations, that's $19.29 per sqft. Current property owners are expected to pay $1,357 in taxes per year. The property on 1039 East 5th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,100. To break that down further, the land itself was valued at $8,000. While improvements to the property were assessed at a total of $28,100. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

  • Year Built: 1917
  • Effective Year Built: 1917
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Building Style: Traditional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 198
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,254
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,296
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1039 E 5 ST 27 X 120.5

Ownership

  • Current Owner : SMITH DAVID V
  • Current Owner 2: SMITH MONIQUE A
  • Previous Owner : JOVANOVICH MILAN
  • Previous Owner 2: ESTATE OF MIKO JOVANOVICH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Erie City School District
  • School Tax School District: ESD
  • Census Tract: 000500

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MAP 10
  • District: 14
  • Parcel: 14-010-036.0-107.00
  • Municipality: CITY OF ERIE
  • Latitude: 42.1391
  • Longitude: -80.0622

    Address

  • Full Address: 1039 E 5th St
  • Address - House Number: 1039
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: PA
  • City Name: Erie
  • Carrier Code: C019
  • 4-Digit Zip Code: 1864
  • Zip Code: 16507

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,357

    Appraisal Valuation

  • Standard Deviation: 0.2617
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 62
  • Final Value: 52,874
  • High Value: 66,713
  • Low Value: 39,036

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $23,750
  • First Open Lien Mortgage Lender: EQUITY RESOURCES INC
  • First Open Lien Mortgage Recording Date: Nov 17, 2020
  • First Open Lien Mortgage Loan Amount: $23,750
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $36,100
  • Market Land Value: $8,000
  • Market Improvement Value: $28,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,100
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $28,100

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Transaction ID: 11805449615
  • Current Sale Price: $25,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020-024726

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY RESOURCES INC
  • First Mortgage Transaction Date: Nov 17, 2020
  • First Mortgage Loan Amount: $23,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

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Frequently Asked Questions

What neighborhood is 1039 East 5th Street located in?
The 1039 East 5th Street is a located in the neighborhood of East Side Bay Lights in East Erie, Erie.
What is the average sales price for listings in 1039 East 5th Street?
The average sales price for units in 1039 East 5th Street is $0 currently.

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