1020 CherryLake City, PA 16423

  • Hospitality properties
  • 18,702 SF
Off market
$33,663,260 Estimated

Property Details for 1020 Cherry

Year built
1979
Construction
FRAME
Lot size
3.36 AC
Property size (Sq ft)
18,702 SF
Zone code
RC
Property type
Hospitality properties
Property subtype
Hotels
APN
28-005-006.9-004.00
APU
28005006900400

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,821,498
    6.5%
    $3,527,536
    7%
    $3,275,570
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,111,055
    Geo Method
    $4,111,055
  • Alternative Use

    Use
    Valuation
    Residential
    $3,851,045
    Hospitality
    $3,527,536
    Educational
    $2,934,869
    Medical
    $3,035,804
    Retail
    $4,565,352
1020 Cherry, Lake City, Pennsylvania

Location Insight

City
Lake City
County
Erie
State
Pennsylvania
Latitude
42.0238
Longitude
-80.3483
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
$10,571
$100,800
$260,000
$360,800
-
$100,800
$260,000
$360,800

FAQs

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