Financial
Distress signals
Property profile

502 7th St Erie, PA 16502

OFF-MARKET
Investment properties
Property ID
US73-0473567
5,950 SF 0.31 ac lot Built 1918
Last sale Jul 2023 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$172k
Assessed land$20k
Assessed improvement$151k
Effective rate3.80%

Value estimate

· Sep 2026
$295k
$266k – $325k
AI approach$320k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$41/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$24 – $56
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R2
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.6
Nail Salon9.2
Watch Repair Shop8.8

Location

502 7th St Erie, PA 16502-1333
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
516 10th, Erie, PA 16502-1352 $280,000 Dec 2025 6,864 SF
422 10th, Erie, PA 16502-1305 $350,000 Jan 2025 5,651 SF
502 4th W 8th, Erie, PA 16502 $300,000 Feb 2024 7,310 SF
709 Walnut, Erie, PA 16502-1300 $100,000 Jan 2024 5,191 SF
401 10th, Erie, PA 16502 $200,000 Oct 2023 4,758 SF
605 8th, Erie, PA 16502-1289 $400,000 Mar 2023 7,042 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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