Sold for $525,000

$525,000

1197 Bankson Rd, Oil City, PA 16301

3beds

2,488sqft

Single Family Residence

Built in 1998

8 Acres Lot

$545,500 Zestimate^®

$211/sqft

$2,223 Estimated rent

Home value

$545,500

Estimated sales range

Not available

$2,223/mo

Zestimate^® history

Owner options

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$2,223/mo

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$2,223/mo

Rent Zestimate^®

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$3,558/mo

Est. payment

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$3,558/mo

Est. payment

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What's special

Wood burning fireplaceWooded viewsFull dry basementUnique chimneysLarge jacuzzi tubSlate roofCustom cabinetry

Looking for a secluded architecturally designed custom built home with the best quality materials money can buy? You found it! This home was built in 1998. It is a 2-3 beds,2.5 bath home offering a large eat in kitchen with incredible custom cabinetry including a wood buring fireplace. A perfect sized formal dining room. The beautiful living room has cathedral wood ceilings, 2 curly cherry wood columns, a beautiful wood burning fireplace and a full wall of french doors revealing wooded views of the back property. Custom made hardwood floors not seen anywhere else. Each bedroom has an on suite full or 3/4bath. The master bath boasts large jacuzzi tub, shower and a warming drawer for towels. Professionally decorated! 1st floor laundry, the office is an optional 3rd bedroom. Full DRY basement. Exterior features cedar shake wood siding, slate roof, and 2 unique chimneys . Shared driveway to allow current seller access to adjoing property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Level: Main
Dimensions: 18x15

Bedroom 2

Level: Main
Dimensions: 15x13

Bonus room

Level: Main
Dimensions: 20x13

Dining room

Level: Main
Dimensions: 14x13

Entry foyer

Level: Main
Dimensions: 11x8

Kitchen

Level: Main
Dimensions: 21x13

Laundry

Level: Main
Dimensions: 10x8

Living room

Level: Main
Dimensions: 20x16

Heating

Forced Air, Propane

Cooling

Central Air

Appliances

Included: Some Gas Appliances, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Stove, Trash Compactor, Washer

Features

Central Vacuum, Jetted Tub, Kitchen Island, Window Treatments
Flooring: Hardwood, Carpet
Windows: Multi Pane, Screens, Window Treatments
Has basement: Yes
Number of fireplaces: 1

Interior area

Total structure area: 2,488
Total interior livable area: 2,488 sqft

Property

Parking

Total spaces: 10
Parking features: Garage Door Opener
Has garage: Yes

Features

Levels: One
Stories: 1
Pool features: None
Has spa: Yes

Lot

Size: 8 Acres
Dimensions: 8+- Acres

Details

Parcel number: 07005007B000

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Stone, Vinyl Siding
Roof: Slate

Condition

Resale
Year built: 1998

Utilities & green energy

Sewer: Septic Tank
Water: Spring

Community & HOA

Location

Region: Oil City

Financial & listing details

Price per square foot: $211/sqft
Tax assessed value: $250,750
Annual tax amount: $6,572
Date on market: 10/30/2024

Price history

Date	Event	Price
8/29/2025	Sold	$525,000-4.5%$211/sqft
Source: WPMLS #1678264 Report a problem
8/13/2025	Pending sale	$550,000+0.2%$221/sqft
Source: WPMLS #1678264 Report a problem
7/30/2025	Contingent	$549,000$221/sqft
Source: Allegheny Valley BOR #159290 Report a problem
7/18/2025	Price change	$549,000-4.5%$221/sqft
Source: Allegheny Valley BOR #159290 Report a problem
6/13/2025	Price change	$575,000+4.5%$231/sqft
Source: Allegheny Valley BOR #159290 Report a problem
10/17/2024	Price change	$550,000-4.3%$221/sqft
Source: Allegheny Valley BOR #159290 Report a problem
8/16/2024	Price change	$575,000-3.4%$231/sqft
Source: Allegheny Valley BOR #159290 Report a problem
6/5/2024	Listed for sale	$595,000+3.5%$239/sqft
Source: Allegheny Valley BOR #159290 Report a problem
1/30/2024	Listing removed	$575,000$231/sqft
Source: Allegheny Valley BOR #158694 Report a problem
12/29/2023	Listing removed	--
Source: Allegheny Valley BOR #158695 Report a problem
12/29/2023	Contingent	$575,000$231/sqft
Source: Allegheny Valley BOR #158694 Report a problem
12/13/2023	Listed for rent	$2,500$1/sqft
Source: Allegheny Valley BOR #158695 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,983 +1.8%	$250,750
2024	$6,858 +4.3%	$250,750
2023	$6,572 +61.7%	$250,750
2022	$4,065 -38.2%	$250,750
2021	$6,572 +2.9%	$250,750 +2.9%
2020	$6,389	$243,760
2018	$6,389	$243,760
2017	--	$243,760 -2.8%
2016	--	$250,750
2015	--	$250,750
2014	--	$250,750
2013	--	$250,750
2012	--	$250,750
2011	--	$250,750
2010	--	$250,750
2009	--	$250,750
2008	--	$250,750 +2.8%
2007	--	$243,840 -2.8%
2006	--	$250,750
2005	--	$250,750
2004	--	$250,750 +5.4%
2003	--	$237,870 +6.3%
2002	--	$223,680
2000	--	$223,680