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114 East 7th Street

114 East 7th Street, Oil City, PA 16301
Property in Oil City
Sold Nov 16, 2011
$61,000
$59,453 by First National Bank Of Pennsyl
Mortgage Due Dec 01, 2041
Sold Jun 30, 2005
$48,500
$46,075 by Northwest Savings Bank
Mortgage Due Jul 01, 2035
114 East 7th Street in Oil City, PA was first built in 1920 and is 104 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 114 East 7th Street has 867 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 350 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 4,792 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 114 East 7th Street was last sold in Nov 16, 2011 for $61,000. According to our calculations, that's $70.36 per sqft. Prior to that sales transaction, the property was sold for $48,500 in Jun 29, 2005. Current property owners are expected to pay $1,492 in taxes per year. The property on 114 East 7th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $43,200. To break that down further, the land itself was valued at $5,780. While improvements to the property were assessed at a total of $37,420. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1920
  • Effective Year Built: 1970
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C+
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 350
  • Total Building Area: 867
  • Building Area: 867
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 867
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GORMAN RICHARD
  • Previous Owner : PORTER MELISSA L
  • Previous Owner 2: CYPHERT RYAN
  • Owner Before Previous Owner: MEADE BETSY L
  • Owner Before Previous Owner 2: WARNER JOHN G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oil City Area School District
  • School Tax School District: OIL CITY AREA
  • Census Tract: 200900

Geography

  • Assessors Map Reference: MAP 16026136
  • District: 16
  • Parcel: 16,026.-136..-000
  • Municipality: OIL CITY
  • Latitude: 41.4222
  • Longitude: -79.7075

    Address

  • Full Address: 114 E 7th St
  • Address - House Number: 114
  • Street Direction: E
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: PA
  • City Name: Oil City
  • Carrier Code: C001
  • 4-Digit Zip Code: 2523
  • Zip Code: 16301

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,492

    Appraisal Valuation

  • Standard Deviation: 0.1094
  • Valuation Date: May 31, 2023
  • Confidence Score: 78
  • Final Value: 57,779
  • High Value: 64,100
  • Low Value: 51,457

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $59,453
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK OF PENNSYL
  • First Open Lien Mortgage Recording Date: Nov 16, 2011
  • First Open Lien Mortgage Loan Amount: $59,453
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2041

    Market Valuation

  • Market Total Value: $43,200
  • Market Land Value: $5,780
  • Market Improvement Value: $37,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,200
  • Assessed Land Value: $5,780
  • Assessed Improvements Value: $37,420

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 16, 2011
  • Current Sale Recording Date: Nov 16, 2011
  • Current Sale Transaction ID: 1099594044
  • Current Sale Price: $61,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2011-005903
  • Previous Sale Recording Date: Jun 30, 2005
  • Previous Sale Contract Date: Jun 29, 2005
  • Previous Sale Amount: $48,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF PENNSYL
  • First Mortgage Transaction Date: Nov 11, 2011
  • First Mortgage Loan Amount: $59,453
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: NORTHWEST SAVINGS BANK
  • Previous Mortgage Transaction Date: Jun 30, 2005
  • Previous Mortgage Loan Amount: $46,075
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About Oil City



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Frequently Asked Questions

What neighborhood is 114 East 7th Street located in?
The 114 East 7th Street is a located in the neighborhood of Oil City in Oil City, Oil City.
What is the average sales price for listings in 114 East 7th Street?
The average sales price for units in 114 East 7th Street is $0 currently.

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