4925 Millfair Rd Fairview, PA 16415

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4 beds · 2 baths · 1,872 sq ft · Lot Size: 20,399 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $184,430

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4925 Millfair Rd is in the 16415 neighborhood of Fairview, PA. It is located in Erie County and ZIP code 16415. This Multi-Family Home (2 - 4 units) was built in 1980 and is approximately 45 years old. The multi-family home (2 - 4 units) spans 1872 sq ft with 4 bedrooms and 2 bathrooms and sits on a 20399 sq ft lot. According to public records, it was last sold in 1998 for $96,300 and has a tax-assessed value of $120,000, which is $99 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 4925 Millfair Rd Fairview, PA 16415 with Property Intel by Whitepages.

4925 Millfair Rd

Fairview, PA 16415

Owner Info

Owners & Occupancy for 4925 Millfair Rd

This property is owned by John D Ricchiuti. Owner contact information includes 4 phone numbers and 1 email address.

Property Owners

OccupationProperty Maintenance Owner, Ricchiuti Services
Cell Phone(814) ***-****View Cell Phone
Residence********
Landline(814) 838-7267
Distance from Property**********
Email Address*************@aol.comView Email

Occupancy

Resident 1**************** age 59

Property Financials for 4925 Millfair Rd

4925 Millfair Rd, Fairview, PA has no known mortgage. The Erie county assessment for 2024 values it at $120,000, with annual taxes of $3,212.

Property Tax

Purchase DateJuly 30, 1998
Property Tax Amount$3,212 in 2024
Purchase Price$96,300
Assessed Value$120,000 on 2024

Investment Potential for 4925 Millfair Rd

The property has a current estimated value of $184,430, which is 11% below the zip median, based on public records. It last sold on July 30, 1998 for $96.3K. Projected long-term
is $28,800 annually ($2,400 per month) with a 94% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in 16415.

Long-Term

Gross Rental
$28,800 per year($2,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 16415 zip code
 
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Property Details for 4925 Millfair Rd

Property Details

Property Sq Ft

Living Area

1,872 sq ft

13% below market

Lot Size

20,399 sq ft

3% above market

Price Per Sq Ft

Living Area

$99 / sq ft

8% below market

Lot Size Area

$9 / sq ft

27% below market

Property condition, age, exterior, etc. for 4925 Millf…
Longitude: -80.187566 Latitude: 42.047113 Parcel Number (APN): 33-089-374.0-065.07…

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Discover more multi-family homes near 4925 Millfair Rd in Fairview, Pennsylvania. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 4925 Millfair Rd in Erie County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$184,430
$162,166
$22,263 (14%)
YoY Price Change
Year Built
1980
1910
70 years
Living Space
1,872 sq ft
2,240 sq ft
-368 (-16%)
$ Per Living Sq Ft
$99
$72
$26 (36%)
Lot Size
20,399 sq ft
5,000 sq ft
15399 (308%)
$ Per Lot Sq Ft
$9
$32
-$23 (-72%)

Net Operating Income
$17,708
$2,668 (15%)
Annual Revenue
$28,800
$25,200
$3,600 (14%)
$7,678
$746 (10%)
Net Operating Income
$17,708
$2,668 (15%)
Cap Rate
9.97%
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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