Sold
Last Sold Price
9 beds7 baths11,893 sqft
1260 Cherrytree Rd, Titusville, PA 16354
Single FamilyProperty Type
7 acresLot Size
1954Year Built
$25/sq ftPrice per sq ft
20 carsParking Spaces

Description

Converted school building with consistent rental history, this 7 unit apartment complex is situated on 7 acres in a rural location with private well and septic (Septic has had recent improvements), room to continue to develop the lot and potential expansion into apartments of the former gym area. Apartment finishes are similar for each apartment and furnished with a range, refrigerator, mircrowave, dishwasher and washer/dryer hookups in each unit with two, 2 BR/1 Bath units and five 1 BR/1Ba units....Converted school building with consistent rental history, this 7 unit apartment complex is situated on 7 acres in a rural location with private well and septic (Septic has had recent improvements), room to continue to develop the lot and potential expansion into apartments of the former gym area. Apartment finishes are similar for each apartment and furnished with a range, refrigerator, mircrowave, dishwasher and washer/dryer hookups in each unit with two, 2 BR/1 Bath units and five 1 BR/1Ba units. Separate 200 amp services to each apartment, electric baseboard heat source and all units wired for Armstrong cable, internet and landline. Average landlord expenses are $2000. per year for electric in common areas, $1,500. for garbage expenses, $2000. for mowing and snow removal, $600. accounting fee and $5160. annually for insurance. Property taxes are $7840. at face value.
  • Listed by: Gail Kriner 814.671.4047 gailkriner@yahoo.com Brokerage DRE #RB069241 • Kriner Real Estate LLC
Listing closed: 02/15/2022 12:00 AM • Source: Allegheny Valley Board of REALTORS, MLS#: 155969

Location

Listing Courtesy of Kriner Real Estate LLC

Sold By Kriner Real Estate LLC

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$2,204 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,550

Property Taxes

$653

HOA Dues

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Property Information for 1260 Cherrytree Road

Property Details
  • Taxes: $7,841 / year
  • MLS Type: Residential Income
  • Zoning: Rural Res
Building Information
  • Stories: 1
  • Year Built: 1954
  • Lot Size: 7.00 AC / 304,920 SF
Summary
Location and General Information
  • Directions: From VCCH take Rt. 417 to Rt. 8 N. Left on Buxton Rd and property is on the corner of Buxton and Cherrytree Rd.
  • Latitude: 41.572226
  • Longitude: -79.707584
Taxes and HOA
  • Tax Annual Amount: $7,840.90
  • Tax Assessed Value: 274830
  • Tax Map Number: 03,005B-031.-000
  • Tax Year: 2021
School Information
  • Elementary School District: Titusville
  • High School District: Titusville
  • Middle Or Junior School District: Titusville
Parking
  • Parking Features: Driveway
  • Parking Total: 20.0
Property
Lot Information
  • Lot Size Acres: 7.0
  • Lot Size Area: 7.0
  • Lot Size Square Feet: 304920.0
  • Lot Size Units: Square Feet
Property and Assessments
  • Building Area Total: 11893.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Year Built: 1954
Building Features
  • Construction Materials: Block, Brick, Vinyl Siding
  • Roof: Other
  • Stories: 1
Utilities
  • Electric: 200+ Amp Service
  • Number Of Separate Electric Meters: 8
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Cable Available
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater, Water Softener, Water Softener Owned, Refrigerator
  • Basement: Crawl Space
  • Total Bathrooms: 7
  • Total Bedrooms: 9
  • Cooling: None
  • Has Cooling: No
  • Heating: Electric
  • Has Heating: Yes
  • Flooring: Laminate
  • Total Rooms: 16
  • Water Heater: Electric
Multi Family
Multi Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,000
  • Insurance Expense: $5,160
  • Operating Expense: $19,100.00

Property History for 1260 Cherrytree Road

DateEvent & SourcePriceAppreciation
Feb 15, 2022

Sold

Allegheny Valley Board of REALTORS #155969

$300,000
Feb 10, 2022

Sold (Public Record)

Public Record #1483962942

$300,000
Nov 24, 2021

Listed (Active)

Allegheny Valley Board of REALTORS #155969

$350,000
DateEvent & SourcePrice
02/15/2022

Sold

Allegheny Valley Board of REALTORS #155969

$300,000
02/10/2022

Sold (Public Record)

Public Record #1483962942

$300,000
11/24/2021

Listed (Active)

Allegheny Valley Board of REALTORS #155969

$350,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1260 Cherrytree Road

Taxable ValueLand$32,880Additions$241,950Total$274,830
Tax Record2026$8,099 ($675 / month)
Home Facts
Lot Size304,920 SqFtStyleMulti-Family Res (5+ Units)CountyVENANGOAPN03,005B-031..-000

Schools near 1260 Cherrytree Road

This home is within Titusville Area School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Main Street El School
Public1 to 5

Titusville Middle School
Public6 to 8

Titusville Senior High School
Public9 to 12

Hydetown El School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Kriner Real Estate LLC

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