7691 Fairlane Dr Fairview, PA 16415

3 beds · 1 bath · 1,314 sq ft · Lot Size: 13,565 sq ft · Single Family Home
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7691 Fairlane Dr is in the 16415 neighborhood of Fairview, PA. It is located in Erie County and ZIP code 16415. This Single Family Home was built in 1961 and is approximately 64 years old. The single family home spans 1314 sq ft with 3 bedrooms and 1 bathroom and sits on a 13565 sq ft lot. According to public records, it was last sold in 2023 for $240,000. Analyze and compare real estate investment strategies for properties like this home at 7691 Fairlane Dr Fairview, PA 16415 with Property Intel by Whitepages.

Investment Potential for 7691 Fairlane Dr

The property has a current estimated value of $245,257, which is 4% below the zip median, based on public records. It last sold on November 20, 2023 for $240K. Projected long-term
is $24,000 annually ($2,000 per month) with a 94% occupancy rate.

Long-Term

Gross Rental
$24,000 per year($2,000 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 16415 zip code
 
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Owners & Occupancy for 7691 Fairlane Dr

This property is owned by Marcia C Hines. Owner contact information includes 7 phone numbers and 2 email addresses.

Property Owners

Cell Phone(814) ***-****
Residence************
Landline(814) 838-3024+ 5 more
Distance from Property**********
Email Address***************@hotmail.com

Property Ownership Information

Purchase DateNovember 20, 2023
Property Tax Amount$3,302 in 2024
Purchase Price$240,000

Occupancy

Resident 1************** age 34
Resident 2****************** age 86
Resident 3*********** age 38

Property Details for 7691 Fairlane Dr

Property Details

Property Sq Ft

Living Area

1,314 sq ft

Compare to 16415

Lot Size

13,565 sq ft

Compare to 16415

Price Per Sq Ft

Living Area

$187 / sq ft

Compare to 16415

Lot Size Area

$18 / sq ft

Compare to 16415
Property condition, age, exterior, etc. for 7691 Fairl…
Longitude: -80.254894 Latitude: 42.019265 Parcel Number (APN): 21-084-021.0-003.00…
Mortgage originated on through lender: Marquette Svgs Bk for$******View Mortgage Details
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Market Benchmarks

Compare data for 7691 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
$245,257
$243,601
$1,656 (1%)
$404,469
-$67,091 (-17%)
YoY Price Change
2.5%
0%
Year Built
1961
1957
4 years
Living Space
1,314 sq ft
1,451 sq ft
-137 (-9%)
$ Per Living Sq Ft
$187
$168
$19 (11%)
Lot Size
13,565 sq ft
8,712 sq ft
4853 (56%)
$ Per Lot Sq Ft
$18
$38
-$20 (-53%)

Net Operating Income
$16,161
-$464 (-3%)
Annual Revenue
$24,000
$24,600
-$600 (-2%)
$8,083
$220 (3%)
Net Operating Income
$16,161
-$464 (-3%)
Cap Rate
6.34%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians