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    Property profile & analytics

    514 Cherry St, Unit 16 Erie, PA 16507-1138

    • Investment properties
    • 3,024 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Dec 29, 2023
    Location Intelligence
    Property ID
    US73-2099587
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 514 Cherry St

    Year built
    1908
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    3,024 SF
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17-040-020.0-101.00
    APU
    17040020010100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0991
    Latitude
    42.1251
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,274
    $29,000
    $128,645
    $157,645
    -
    $29,000
    $128,645
    $157,645

    Comparable in this City

    • Value Estimation
      $345,000
      5,672 SF

      227 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,672 SF
      227 6th St, Erie, PA 16507-1523
      View Details
    • Value Estimation
      $380,000
      15,918 SF

      130 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,918 SF
      130 4th St, Erie, PA 16507-1508
      View Details
    • Value Estimation
      $190,000
      3,780 SF

      802 4th E 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,780 SF
      802 4th E 6th St, Erie, PA 16507
      View Details
    • Value Estimation
      $210,000
      5,430 SF

      1001 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,430 SF
      1001 5th St, Erie, PA 16507-2605
      View Details
    • Value Estimation
      $425,000
      8,739 SF

      652 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,739 SF
      652 6th St, Erie, PA 16507-1173
      View Details
    • Value Estimation
      $290,000
      2,128 SF

      318 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,128 SF
      318 6th St, Erie, PA 16507-1268
      View Details

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    • Contact for pricing

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      0.15 Acres

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    Similar Nearby for Lease

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    514 Cherry St, Unit 16
    Erie, PA 16507-1138
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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