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1523 40th St

Erie, PA 16509

4 bd 2 ba 1,075 sqft Built 1951 Lot 6,098 sqft single_family
Most recent sale
$140,000
Jun 30, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 30, 2022 Sold $140,000 MLS #163237
May 13, 2022 Listed $129,900 MLS #163237
Apr 17, 2017 Sold $67,500 MLS #54000
Feb 22, 2017 Price changed $69,900 MLS #54000
Jan 13, 2017 Price changed $72,500 MLS #54000
Dec 6, 2016 Price changed $74,900 MLS #54000
Oct 11, 2016 Listed $79,900 MLS #54000
Mar 23, 1989 Sold $49,900 Public Record
Sep 15, 1978 Sold $32,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $54,800 $27,300 $82,100 $3,355
2024 $54,800 $27,300 $82,100 $3,176
2023 $54,800 $27,300 $82,100 $3,085
2022 $54,800 $27,300 $82,100 $3,021
2021 $54,800 $27,300 $82,100 $2,979
2020 $54,800 $27,300 $82,100 $2,958
2019 $54,800 $27,300 $82,100 $2,804
2018 $54,800 $27,300 $82,100 $2,771
2017 $54,800 $27,300 $82,100 $2,765
2016 $54,800 $27,300 $82,100 $2,745
2015 $54,800 $27,300 $82,100 $2,726
2014 $54,800 $27,300 $82,100 $2,660
2013 $54,800 $27,300 $82,100 $2,836
2012 $40,250 $23,300 $63,550 $2,015
2011 $40,250 $23,300 $63,550 $1,857
2010 $40,250 $23,300 $63,550 $2,197
2009 $40,250 $23,300 $63,550 $2,159
2008 $40,250 $23,300 $63,550 $2,142

Property facts

Year built
1951
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,075 sqft
Lot size
6,098 sqft
ZIP code
16509
City
Erie
Street
40th St
Coordinates
42.08854, -80.09723

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,613
Gross rental yield
13.83%
Implied cap rate
8.99%
Trend-extrapolated value

Frequently asked questions

When did 1523 40th St last sell?
1523 40th St most recently sold on Jun 30, 2022 for $140,000.
What is the current tax assessment for 1523 40th St?
The most recent total assessment for 1523 40th St (year 2026) is $82,100 with $3,355 in property tax.
How does 1523 40th St's assessment compare to its last sale price?
The current assessment is 41.4% below the last sale price of $140,000.
When was 1523 40th St built?
1523 40th St was built in 1951.
How does 1523 40th St compare to others on 40th St?
We track 8 other properties on 40th St. Browse the list under "Other properties on 40th St" to compare beds, baths, and sale history.
What are the property facts for 1523 40th St?
1523 40th St is a 4 bed, 2 bath, 1,075 sqft, 6,098 sqft lot single_family.
Is 1523 40th St a flip candidate?
No — 1523 40th St does not appear in our flips dataset.
Is 1523 40th St a tax-appeal candidate?
No — 1523 40th St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-10.4%
Implied 1-yr
-41.6%
2026 Q3
$163K
2026 Q4
$163K
ZIP 16509 — Median Price History + Forecast

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