1 month on rocket

Sale Pending

616 Wayne St, Erie City, PA, 16503

$10,000

Home List Price

$119*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,392 SqFt
$7/SqFt
House
Schools Nearby

Location

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616 Wayne St, Erie$10,000

Buyer Closing Credits

$119*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1917
BasementYes
MLS #1646564
Lot Size0.06 Acres
StatusSale Pending
(Pending)

About 616 Wayne St

Savvy Investors! Incredible Investment Opportunity! Fire Damage! Huge project! Are you on the hunt for your next lucrative investment venture? Look no further! We're thrilled to present to you an exceptional opportunity that promises substantial returns for savvy investors like yourself. Introducing a charming 3 bedroom, 1.5 bathroom single-family residence that's brimming with potential. This property boasts all the elements necessary to become a cash flow machine in your investment portfolio. This property does need a full rehab, with three bedrooms and one and a half baths, there's ample space to accommodate occupants comfortably. While this property may require some tender loving care and renovation work, it presents an incredible opportunity to add value and maximize your ROI. Whether it's modernizing the interior, enhancing curb appeal, or upgrading amenities, the possibilities for improvement are endless.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1917
  • Stories: 2
  • Living Area: 1,392 SqFt

Listing Office:

  • Office Name: Sell Your Home Services
  • Office Phone: (888) 219-3009
  • Listing Agent: Daniel Demers

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Other

Directions Information:

  • Directions: From E Bayfront Pkwy, turn left onto E 7th St. The first corner on the right is Wayne St. The property is the second house on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,000
  • Price Per SqFt: $7/SqFt
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Housing Market Comparison

See how this home compares to others in Erie, PA.

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Erie, PA

City

Med. List Price

$130K

Med. Price/SqFt

$160

Avg. Days On Market

951

616 Wayne St vs Erie

32 DAYS ON ROCKET

-919 Days

$10,000

-$120K Less

$7/SqFt

-$154 Less

KEY TAKEAWAY

This property is $120K less than the Median List Price and $154/SqFt less than other homes in Erie, PA.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Name: WESTPENN
  • MLS Number: #1646564

Listing Office:

  • Office Name: Sell Your Home Services
  • Office Phone: (888) 219-3009
  • Listing Agent: Daniel Demers

IDX The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright © 2024 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$117

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$96

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3371146
5
/10

  • Pfeiffer-Burleigh School

  • 235 E 11th St

  • 0.81 miles

  • Public District Grades KG-8

school-card-donut-3371147
3
/10

  • Mckinley Elementary School

  • 933 E 22nd St

  • 1.11 miles

  • Public District Grades PK-5

school-card-donut-3371148
2
/10

  • Edison Elementary School

  • 1921 E Lake Rd

  • 1.44 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,000. Residents of Erie, PA typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 616 Wayne St

What is the listing price of this property?

The listing price of 616 Wayne St property is $10,000.

What type of property is this?

The property 616 Wayne St is a house located in Erie City, Pennsylvania, 16503.

Is this property for sale now?

Sale Pending: 616 Wayne St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

How many bedrooms and bathrooms does this property have?

The property at 616 Wayne St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 616 Wayne St is 1,392 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 616 Wayne St is 1917.

Rocket Homes›Pennsylvania›Erie County›Erie›16503›616 Wayne St

This home is located at 616 Wayne St in Erie City, PA and zip code 16503. This 1,392 square foot home, which was built in 1917, sits on a 0.06 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $10,000.

Between February 2024 and March 2024, Erie, PA real estate market has seen increase in the number of listings by 10%. In March 2024, listings were on the market for 951 days. During the same period, the median list price in this real estate market was $130,000.

From Rocket Homes Real Estate and based on county public records data.

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