Sold
Last Sold Price
11 beds22 baths6,948 sqft
5620 E Lake Rd, Erie, PA 16511
Multi FamilyProperty Type
2.31 acresLot Size
1973Year Built
$94/sq ftPrice per sq ft

Description

(7) Unit Lake front investment. Storage area 20' x 40' / Pole barn 24' x 32'. Units 7 & 8 have garages & central air. Units 7 & 8 have garages & central air (3) Units built in 1945, (2) in 1987, (2) in 1973. FAG in Units #2,3,4,7,8 and HW in Unit 5 & 6. Gas well on property not in use. Zoning ~ Lakefront. Exclusion: tools in storage area & pole barn. Road maintenance shared with adjacent owner.(7) Unit Lake front investment. Storage area 20' x 40' / Pole barn 24' x 32'. Units 7 & 8 have garages & central air. Units 7 & 8 have garages & central air (3) Units built in 1945, (2) in 1987, (2) in 1973. FAG in Units #2,3,4,7,8 and HW in Unit 5 & 6. Gas well on property not in use. Zoning ~ Lakefront. Exclusion: tools in storage area & pole barn. Road maintenance shared with adjacent owner.
  • Listed by: Chuck Weber 814.450.5199 cweber@crweberrealtors.com • C.R. Weber REALTORS
Listing closed: 10/18/2023 12:00 AM • Source: Greater Erie Board of REALTORS, MLS#: 170676

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Listing Courtesy of C.R. Weber REALTORS

Sold By C.R. Weber REALTORS

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$4,461 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,470

Property Taxes

$991

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Property Information for 5620 East Lake Road

Property Details
  • Taxes: $11,895 / year
  • MLS Type: Residential Income / Multi Family
  • County: Erie County
  • Architectural Style: See Remarks
  • Zoning Description: See Remarks
Building Information
  • Residences: 8
  • Year Built: 1973
  • Lot Size: 2.31 AC / 100,797 SF
Summary
Location and General Information
  • Directions: East on E. Lake Rd. to E of Cambridge Rd., turn N on private drive for Hidden Cove Cottages & follow to the end of lane. (6.2 Miles East of State St.)
  • Latitude: 42.175879
  • Longitude: -79.990623
  • MLS Area Major: 15 - Harborcrk/Wesleyvill/Law Pk
  • Township: Harborcreek Township
Taxes and HOA
  • Parcel Number: 27-003-008.0-054.00
  • Tax Annual Amount: $11,895.00
  • Tax Assessed Value: $451,500
  • Tax Year: 2023
School Information
  • Elementary School District: Harborcreek
  • High School District: Harborcreek
  • Middle or Junior School District: Harborcreek
Parking
  • Parking Features: See Remarks
Property
Lot Information
  • Lot Features: Mineral Rights
  • Lot Size Acres: 2.314
  • Lot Size Area: 2.314
  • Lot Size Dimensions: 0x0x0x00
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 6948.0
  • Living Area: 6948.0
  • Living Area Source: Measured
  • Property Condition: Good Condition
  • Year Built: 1973
  • Year Built Details: Estimate
Building Features
  • Construction Materials: Frame
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Total Bedrooms: 11
  • Cooling: See Remarks
  • Heating: Gas, Multi Fuel
  • Has Heating: Yes
Exterior Features
  • Roof: Composition
Multi Family
Multi Family Information
  • Number of Units In Community: 8
  • Total Number of Units: 8
Income & Expenses
  • Gross Income: $73,800.00
  • Insurance Expense: $1,200.00
  • Net Operating Income: $49,115.00
  • Other Expense: $264.00
  • Water Sewer Expense: $5,577.00
Unit Information
Unit 1
  • Actual Rent: $1,100.00
  • Actual Rent Range: 1100
  • Area: 1947.0
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 2
  • Actual Rent: $1,100.00
  • Actual Rent Range: 1100
  • Area: 1947.0
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 3
  • Actual Rent: $900.00
  • Actual Rent Range: 900
  • Area: 1746.0
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 4
  • Actual Rent: $900.00
  • Actual Rent Range: 900
  • Area: 1746.0
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 5
  • Actual Rent: $650.00
  • Actual Rent Range: 650
  • Area: 508.0
  • Total Bathrooms: 10
  • Total Bedrooms: 1
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 6
  • Actual Rent: $750.00
  • Actual Rent Range: 750
  • Area: 456.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 7
  • Actual Rent: $750.00
  • Actual Rent Range: 750
  • Area: 432.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Occupied
Unit 8
  • Actual Rent Range: 0
  • Description: Range/Oven,Refrigerator
  • Occupant Type: Vacant
Rental
Rent Information
  • Security Deposit: $30,000.00

Property History for 5620 East Lake Road

DateEvent & SourcePriceAppreciation
Oct 18, 2023

Sold

Greater Erie Board of REALTORS #170676

$650,000—
Oct 17, 2023

Sold (Public Record)

Public Record #1521444097

$650,000—
Sep 21, 2023

Pending

Greater Erie Board of REALTORS #170676

—
DateEvent & SourcePrice
10/18/2023

Sold

Greater Erie Board of REALTORS #170676

$650,000
10/17/2023

Sold (Public Record)

Public Record #1521444097

$650,000
09/21/2023

Pending

Greater Erie Board of REALTORS #170676

—

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

Public Records for 5620 East Lake Road

Taxable ValueLand$237,500Additions$214,000Total$451,500
Tax Record2026$13,071 ($1,089 / month)
Home Facts
Total Finished SqFt3,894 SqFtAbove Grade Finished SqFt3,894 SqFtUnfinished Basement SqFt1,280 SqFtStories3Lot Size82,764 SqFtStyleDuplexYear Built1973Year Renovated1973ZoningR3CountyERIEAPN27-003-008.0-054.00

Schools near 5620 East Lake Road

This home is within Harbor Creek School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Klein El School
PublicK to 6

Harbor Creek Junior High School
Public7 to 8

Harbor Creek Senior High School
Public9 to 12

Rolling Ridge El School
PublicK to 6

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 C.R. Weber REALTORS

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