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50 Gates Hollow

50 Gates Hollow, Bradford, PA 16701
Property in Bradford
Sold Nov 02, 2012
$125,000
$118,750 by Northwest Savings Bank
Mortgage Due Nov 05, 2042
50 Gates Hollow has been categorized by the local assessors in Bradford, PA as a residential type of property. The building on the property was first built in 1929 and is 95 years old. In addition, 50 Gates Hollow has 1,404 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 204,732 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 50 Gates Hollow sold most recently in Oct 31, 2012 for a total of $125,000. If you work out the math, that's approximately a cost of $89.03 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,476 in taxes each year. 50 Gates Hollow was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $62,890. If we break it down further, the land itself was valued at $14,560. Improvements to the property, however, were assessed at a total of $48,330. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Bedroom Count: 0
  • Building Quality: C+
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 204,732
  • Total Building Area: 1,404
  • Gross Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,404
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 4.7
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: OLD CONTROL:0739-1072

Ownership

  • Current Owner : BENNETT PHILIP A
  • Previous Owner : VERBOCY MICHAEL S
  • Previous Owner 2: VERBOCY KATHLEEN A
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Bradford Area School District
  • School Tax School District: BRADFORD AREA
  • Census Tract: 420100

Geography

  • District: 2
  • Parcel: 17-039. -204.00.
  • Municipality: BRADFORD TOWNSHIP
  • Latitude: 41.9575
  • Longitude: -78.6725

    Address

  • Full Address: 50 Gates Holw
  • Address - House Number: 50
  • Address - Street Name: Gates
  • Address - Suffix Type: Holw
  • State: PA
  • City Name: Bradford
  • Carrier Code: C015
  • 4-Digit Zip Code: 2825
  • Zip Code: 16701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,476

    Appraisal Valuation

  • Standard Deviation: 0.1108
  • Valuation Date: May 24, 2023
  • Confidence Score: 77
  • Final Value: 137,818
  • High Value: 153,089
  • Low Value: 122,546

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $118,750
  • First Open Lien Mortgage Lender: NORTHWEST SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2012
  • First Open Lien Mortgage Loan Amount: $118,750
  • 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: Nov 05, 2042

    Market Valuation

  • Market Total Value: $62,890
  • Market Land Value: $14,560
  • Market Improvement Value: $48,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,890
  • Assessed Land Value: $14,560
  • Assessed Improvements Value: $48,330

    Sales

  • Current Sale Contract Date: Oct 31, 2012
  • Current Sale Recording Date: Nov 02, 2012
  • Current Sale Transaction ID: 1734253934
  • Current Sale Price: $125,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20120530

    Last Sale Mortgage

  • First Mortgage Lender: NORTHWEST SAVINGS BANK
  • First Mortgage Transaction Date: Nov 02, 2012
  • First Mortgage Loan Amount: $118,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 05, 2042

About McKean



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Frequently Asked Questions

What neighborhood is 50 Gates Hollow located in?
The 50 Gates Hollow is a located in the neighborhood of Bradford in McKean, Bradford.
What is the average sales price for listings in 50 Gates Hollow?
The average sales price for units in 50 Gates Hollow is $0 currently.

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