Address
1032 LOOKOUT Drive, Erie, PA
Price
$ 525,000
Property Attributes
  • MLS#174142
  • TypeMulti-Family
  • CountyERIE
  • CityErie
  • AreaErie Northwest
  • Zip16507
  • StyleThreeStory
  • Year Built1995
  • Taxes$ 11276
  • Price$ 525,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3229
Data Source:
Greater Erie MLS (GEMLS)
Property Description

Welcome to your Lakeview oasis!  This two unit property has stunning views of Lake Erie Bayfront and is in walking distance to music concerts, docks, biking trails, and Frontier Park. The property was originally built as a one unit and can easily and inexpensively be converted back. Property has a total of 4 bedrooms, including a large primary suite, 3.5 baths, two kitchens, two living rooms, two garages, two laundry rooms, three decks/patio with great views of the bay. Both units have seperate furnaces, hot water tanks, and central A/C Units. Features of the property include gas fireplace, jacuzzi tub, hardwood and engineered flooring throughout, new appliances, vaulted ceilings, and skylights. Rent from current lower unit tenants cover the taxes and/or HOA fees.

Price History
3/8/2024 Listed $550,000
5/11/2024 5% - $525,000

General Features

Sewer PublicSewer
Heating ForcedAir,Gas
Cooling CentralAir
Possession CloseOfEscrow
Roof Composition
HOA 2123.0
Garage Spaces 2.0
Association Fee Includes AssociationManagement,MaintenanceGrounds,MaintenanceStructure,StreetLights,SnowRemoval
Architectural Style ThreeStory
Construction Materials Mixed
Year Built 1995
Security Deposit 10000.0
View Lake,Water
Township Erie
Levels ThreeOrMore
Property SubType MultiFamily
Tax Year 2023
Gross Income 14400.0
Assoc Fee Paid Per Quarterly
County Erie
Net Operating Income 14400.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Status Active
Directions West on W. Bayfront PKWY,Sout on Cranberry,East on 4th St.,North on Raspberry
ModificationTimestamp 2024-05-11T21:08:03.380-00:00
City Erie
View Y/N Yes
Senior Community Y/N No
High School District City-Erie
Zoning Description R-1
NumberOfUnitsTotal 2
MLS Area 2 - Erie Northwest
Lot Size Units Acres
Waterfront Y/N No
Carport Y/N No
Property Attached Y/N No
Year Built Details Actual
Land Lease Y/N No
Tax Annual Amount 11276.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 48
Standard Status Active
Middle/Junior School District City-Erie
Elementary School District City-Erie
Tax Assessed Value 300000
MobileHomeRemainsYN No
PostalCity Erie

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 4
Electric On Property Y/N No
LivingAreaSource Assessor

Exterior Features

Parking Features Attached
Lot Features Landscaped,Views
Water Source Public
Lot Size Area 0.0
Spa No
Building Area Total 3229.0
Lot Dimensions 0x0x0x0
Lot Size Acres 0.0
Road Surface Type Paved
Road Frontage Type PrivateRoad
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 16507

Price
AVG $200K
$530K
Taxes
AVG $4,059
$11,276
Visits
AVG 53
70
Data Provided by Inside Real Estate®
Year Built
AVG 1929
1995