7624 Fairlane Dr Fairview, PA 16415

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6 beds · 2 baths · 2,424 sq ft · Lot Size: 21,127 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $263,120

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7624 Fairlane Dr 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 1968 and is approximately 57 years old. The multi-family home (2 - 4 units) spans 2424 sq ft with 6 bedrooms and 2 bathrooms and sits on a 21127 sq ft lot. According to public records, it was sold for $34,000 and has a tax-assessed value of $171,200, which is $109 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7624 Fairlane Dr Fairview, PA 16415 with Property Intel by Whitepages.

Owners & Occupancy for 7624 Fairlane Dr

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

Property Owners

Residence************
Landline(814) 474-3454
Distance from Property**********
Email Address********@yahoo.comView Email
Cell Phone(916) ***-****View Cell Phone
Residence************
Landline(814) 474-7428
Distance from Property**********
Email Address********@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1***********
Resident 2****************** age 41
Resident 3************ age 78
Resident 4**************** age 73

Property Financials for 7624 Fairlane Dr

7624 Fairlane Dr, Fairview, PA has a mortgage (orig. December 19, 2011). The Erie county assessment for 2024 values it at $171,200, with annual taxes of $4,685.

Mortgage & Equity Information

Loan Amount$*****
Origination DateDecember 19, 2011
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Property Tax Amount$4,685 in 2024
Purchase Price$34,000
Assessed Value$171,200 on 2024

Investment Potential for 7624 Fairlane Dr

The property has a current estimated value of $263,120, which is 27% above the zip median, based on public records. It last sold for $34,000. Projected long-term
is $30,000 annually ($2,500 per month) with a 94% occupancy rate.

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

Long-Term

Gross Rental
$30,000 per year($2,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 16415 zip code
 
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Property Details for 7624 Fairlane Dr

Property Details

Property Sq Ft

Living Area

2,424 sq ft

13% above market

Lot Size

21,127 sq ft

6% above market

Price Per Sq Ft

Living Area

$109 / sq ft

1% above market

Lot Size Area

$12 / sq ft

1% above market

Property condition, age, exterior, etc. for 7624 Fairl…
Longitude: -80.252909 Latitude: 42.020624 Parcel Number (APN): 21-084-023.0-033.00…

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Discover more multi-family homes near 7624 Fairlane Dr 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 7624 Fairlane Dr in Erie County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$263,120
$162,166
$100,953 (62%)
YoY Price Change
Year Built
1968
1910
58 years
Living Space
2,424 sq ft
2,240 sq ft
184 (8%)
$ Per Living Sq Ft
$109
$72
$36 (50%)
Lot Size
21,127 sq ft
5,000 sq ft
16127 (323%)
$ Per Lot Sq Ft
$12
$32
-$20 (-62%)

Net Operating Income
$17,708
$1,668 (9%)
Annual Revenue
$30,000
$25,200
$4,800 (19%)
$7,678
$2,946 (38%)
Net Operating Income
$17,708
$1,668 (9%)
Cap Rate
9.97%
Home Value Comparison: Property vs. Local and Regional 6-Bed Multi-Family Home (2 - 4 units) Medians

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