5620 Lake Rd
Erie, PA 16511
11 bd 6,948 sqft Built 1973 Lot 100,798 sqft multi_family
Most recent sale
$120,000
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 13, 2022 | Listed | $850,000 | MLS #1564738 |
| Jul 13, 2022 | Listed | $850,000 | MLS #164470 |
| Jun 28, 2022 | Sold | $120,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $214,000 | $237,500 | $451,500 | $13,070 |
| 2024 | $214,000 | $237,500 | $451,500 | $12,188 |
| 2023 | $214,000 | $237,500 | $451,500 | $11,574 |
| 2022 | $214,000 | $237,500 | $451,500 | $11,263 |
| 2021 | $214,000 | $237,500 | $451,500 | $11,037 |
| 2020 | $214,000 | $237,500 | $451,500 | $10,667 |
| 2019 | $214,000 | $237,500 | $451,500 | $10,450 |
| 2018 | $214,000 | $237,500 | $451,500 | $10,089 |
| 2017 | $214,000 | $237,500 | $451,500 | $9,990 |
| 2016 | $214,000 | $237,500 | $451,500 | $9,660 |
| 2015 | $214,000 | $237,500 | $451,500 | $9,394 |
| 2014 | $214,000 | $237,500 | $451,500 | $9,123 |
| 2013 | $214,000 | $237,500 | $451,500 | $10,464 |
| 2012 | $177,100 | $246,750 | $423,850 | $10,236 |
| 2011 | $177,100 | $246,750 | $423,850 | $10,016 |
| 2010 | $177,100 | $246,750 | $423,850 | $9,770 |
| 2009 | $177,100 | $246,750 | $423,850 | $9,473 |
| 2008 | $177,100 | $246,750 | $423,850 | $9,156 |
Property facts
Year built
1973
Property type
multi_family
Stories
—
Beds
11
Baths
—
Living area
6,948 sqft
Lot size
100,798 sqft
ZIP code
16511
City
Erie
Street
Lake Rd
Coordinates
42.17616, -79.99013
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$720
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5620 Lake Rd last sell?
5620 Lake Rd most recently sold on Jun 28, 2022 for $120,000.
What is the current tax assessment for 5620 Lake Rd?
The most recent total assessment for 5620 Lake Rd (year 2026) is $451,500 with $13,070 in property tax.
How does 5620 Lake Rd's assessment compare to its last sale price?
The current assessment is 276.3% above the last sale price of $120,000.
When was 5620 Lake Rd built?
5620 Lake Rd was built in 1973.
How does 5620 Lake Rd compare to others on Lake Rd?
We track 8 other properties on Lake Rd. Browse the list under "Other properties on Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 5620 Lake Rd?
5620 Lake Rd is a 11 bed, 6,948 sqft, 100,798 sqft lot multi_family.
Is 5620 Lake Rd a flip candidate?
No — 5620 Lake Rd does not appear in our flips dataset.
Is 5620 Lake Rd a tax-appeal candidate?
Yes — 5620 Lake Rd appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.2%
Implied 1-yr
+16.7%
2026 Q3
$358.4K
2026 Q4
$370.2K
ZIP 16511 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Rd