Check Availability
Oil City 16301
502 W 1ST Street
$69,900
↓ $10K (12.5%)
House - For Sale

502 W 1ST Street

Oil City, PA 16301
bedrooms
5 Beds
bathrooms
2 Baths
square feet
3186 Sqft
$2,533
Estimated Monthly
$2,000
HOA / Fees
4.67%
Cap Rate

About This Property

Restore this 5 bedroom single home in the heart of Oil City back to its beauty. This home is very generous with living space on all 3 floors. There are 4 bedrooms on 2nd floor and 1 bedroom on 3rd. This home also features 2 full baths 1 car enclosed garage with deck on the rear of property. Close to schools, entertainment business and transportation. Call showing time to schedule appt. @ 814-878-0001. "This is a Fannie Mae HomePath property"

The manager has listed the unit size as 3186 square feet.
Unit Size
3,186Ft²
Days on Market
49 days
Land Size
0.14 acres
Price per sqft
$22
Property Type
House
Property Taxes
$189
HOA Dues
$2,000
Year Built
1900
Listed By
John Easter
Pennington Lines Real Estate
Last updated: 13 days ago (GEBRPA #174330)

Price History

Date / Event Date Event Price
Apr 24, 2024 Price Decreased $69,900
↓ $10K (12.5%)
Price Decreased
Mar 19, 2024 Listed by Pennington Lines Real Estate $79,900
Listed by Pennington Lines Real Estate
Nov 8, 2023 Sold to Rimer $1,828
Sold to Rimer

Property Highlights

Fireplace
Interior Details

Interior Information

Deck

Fireplace Information

Fireplace

Basement Information

Basement

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1939
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Basement Area: 0
  • Garage Square Area: 652
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 3,186
  • Building Area: 3,186
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,186
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.14

Ownership

  • Current Owner : FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Current Owner 2: RIMER
  • Previous Owner : SHERIFF OF VENANGO COUNTY
  • Owner Before Previous Owner: SHERIFF OF VENANGO
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 16010095
  • District: 16
  • Parcel: 16,010.-095..-000
  • Municipality: OIL CITY
  • Latitude: 41.427
  • Longitude: -79.7183

    Address

  • Full Address: 502 W 1st St
  • Address - House Number: 502
  • Street Direction: W
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: PA
  • City Name: Oil City
  • Carrier Code: C011
  • 4-Digit Zip Code: 2918
  • Zip Code: 16301

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,263

    Appraisal Valuation

  • Standard Deviation: 0.4705
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 5
  • Final Value: 189,237
  • High Value: 278,282
  • Low Value: 100,191

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,800
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Apr 01, 2013
  • First Open Lien Mortgage Loan Amount: $66,800
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2028

    Market Valuation

  • Market Total Value: $65,530
  • Market Land Value: $7,200
  • Market Improvement Value: $58,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,530
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $58,330

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 08, 2023
  • Current Sale Transaction ID: 11916710724
  • Current Sale Price: $1,828
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 4308
  • Previous Sale Recording Date: Oct 11, 2023
  • Previous Sale Contract Date: Oct 11, 2023
  • Previous Sale Amount: $1,849
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
3 Baths
-
$70,000 Feb 27, 2023
$70,000 Oct 4, 2023
$129/mo
House
3 Beds
2 Baths
-
$85,000 Feb 26, 2024
-
$138/mo

About Oil City


Similar Homes for Sale


Nearby Rentals



Frequently Asked Questions

When was property at 502 West 1st Street built and last sold?
The property at 502 West 1st Street was built in 1900 and last sold on Nov 8, 2023 for $1,828.
How much is this home worth?
The estimated value of the home located at 502 West 1st Street is $80,699.
What are some comparable homes to 502 West 1st Street?
Homes that are comparable to 502 West 1st Street include a house property at 34 Pearl Avenue, 316 West 3rd Street, which are both great to check out.

Quantcast