5309 Millfair Rd Fairview, PA 16415

5 beds · 2 baths · 2,816 sq ft · Lot Size: 21,231 sq ft · Multi-Family Home (2 - 4 units)
Est. Property Value: $212,248

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

5309 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 1920 and is approximately 105 years old. The multi-family home (2 - 4 units) spans 2816 sq ft with 5 bedrooms and 2 bathrooms and sits on a 21231 sq ft lot. According to public records, it was last sold in 2021 for $194,000 and has a tax-assessed value of $138,100, which is $75 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5309 Millfair Rd Fairview, PA 16415 with Property Intel by Whitepages.

5309 Millfair Rd

Fairview, PA 16415

Neighborhood

Owners & Occupancy for 5309 Millfair Rd

No contact information is available.

Occupancy

Resident 1*************** age 29
Resident 2**************** age 31

Property Financials for 5309 Millfair Rd

5309 Millfair Rd, Fairview, PA has a mortgage from Plaza Hm Mtg Inc (orig. March 09, 2021). The Erie county assessment for 2024 values it at $138,100, with annual taxes of $3,696.

Mortgage & Equity Information

Loan Amount$******
LenderPlaza Hm Mtg Inc
Origination DateMarch 09, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateMarch 08, 2021
Property Tax Amount$3,696 in 2024
Purchase Price$194,000
Assessed Value$138,100 on 2024

Investment Potential for 5309 Millfair Rd

The property has a current estimated value of $212,248, which is 2% above the zip median, based on public records. It last sold on March 08, 2021 for $194K. Projected long-term
is $25,800 annually ($2,150 per month) with a 94% occupancy rate.

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

Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 16415 zip code
 
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Property Details for 5309 Millfair Rd

Property Details

Property Sq Ft

Living Area

2,816 sq ft

31% above market

Lot Size

21,231 sq ft

7% above market

Price Per Sq Ft

Living Area

$75 / sq ft

30% below market

Lot Size Area

$10 / sq ft

19% below market

Property condition, age, exterior, etc. for 5309 Millf…
Longitude: -80.184471 Latitude: 42.042211 Parcel Number (APN): 33-132-571.0-044.09…

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Discover more multi-family homes near 5309 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 5309 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
$212,248
$162,166
$50,082 (31%)
YoY Price Change
Year Built
1920
1910
10 years
Living Space
2,816 sq ft
2,240 sq ft
576 (26%)
$ Per Living Sq Ft
$75
$72
$3 (4%)
Lot Size
21,231 sq ft
5,000 sq ft
16231 (325%)
$ Per Lot Sq Ft
$10
$32
-$22 (-69%)

Net Operating Income
$17,708
-$611 (-3%)
Annual Revenue
$25,800
$25,200
$600 (2%)
$7,678
$1,025 (13%)
Net Operating Income
$17,708
-$611 (-3%)
Cap Rate
9.97%
Home Value Comparison: Property vs. Local and Regional 5-Bed Multi-Family Home (2 - 4 units) Medians

Find More Housing Markets Near Fairview