Sold for $650,000

$650,000

5620 E Lake Rd, Erie, PA 16511

11beds

22baths

6,948sqft

Multi Family

Built in 1973

-- sqft lot

$747,800 Zestimate^®

$94/sqft

$971 Estimated rent

Home value

$747,800

$651,000 - $860,000

$971/mo

Zestimate^® history

Owner options

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$971/mo

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$971/mo

Rent Zestimate^®

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$4,363/mo

Est. payment

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$4,363/mo

Est. payment

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What's special

(7) Unit Lake front investment. Storage area 20' x 40' / Pole barn 24' x 32'. Units 7 & 8 have garages & central air. (3) Units built in 1945, (2) in 1987, (2) in 1973. FAG in Units #2,3,4,7,8 and HW in Unit 5 & 6. Gas well on property not in use. Zoning ~ Lakefront. Exclusion: tools in storage area & pole barn. Road maintenance shared with adjacent owner.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 22

Heating

Gas, Multi-Fuel

Cooling

See Remarks

Interior area

Total structure area: 6,948
Total interior livable area: 6,948 sqft

Property

Parking

Parking features: See Remarks

Lot

Size: 2.31 Acres
Features: Mineral Rights

Details

Parcel number: 27003008.0054.00
Zoning description: See Remarks

Construction

Type & style

Home type: MultiFamily
Architectural style: See Remarks
Property subtype: Multi Family

Materials

Frame
Roof: Composition

Condition

Good Condition
Year built: 1973

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Deposit fee: $30,000

Location

Region: Erie

Financial & listing details

Price per square foot: $94/sqft
Tax assessed value: $451,500
Annual tax amount: $11,895
Date on market: 8/17/2023
Cumulative days on market: 40 days
Listing terms: Owner May Carry
Road surface type: Paved

Price history

Date	Event	Price
10/18/2023	Sold	$650,000$94/sqft
Source: GEMLS #170676 Report a problem
9/26/2023	Pending sale	$650,000$94/sqft
Source: GEMLS #170676 Report a problem
8/17/2023	Listed for sale	$650,000-23.5%$94/sqft
Source: GEMLS #170676 Report a problem
10/18/2022	Listing removed	--
Source: GEMLS #164470 Report a problem
7/13/2022	Listed for sale	$850,000$122/sqft
Source: GEMLS #164470 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,862 +2.9%	$451,500
2024	$12,505 +8%	$451,500
2023	$11,575 +2.8%	$451,500
2022	$11,263	$451,500
2021	$11,263 +273.7%	$451,500
2020	$3,014 -71.2%	$451,500
2019	$10,451 -16.6%	$451,500
2018	$12,532 +5.9%	$451,500
2017	$11,837 +1%	$451,500
2016	$11,724 +139.8%	$451,500
2015	$4,888 -48%	$451,500
2014	$9,394 +322%	$451,500
2013	$2,226	$451,500 +442.6%
2002	--	$83,210
2000	--	$83,210