Google street view image for 1040 E Lake Rd, Erie, PA 16507

Off market sep 1994 for $47K

$119,160

Est. refi paymentEst. refi $322/mo

•

2 ba

•

2,352

sq ft

1040 E Lake Rd, Erie, PA 16507

About this home

1040 E Lake Rd is a 2,352 square foot multi-family home on a 5,018 square foot lot with 5 bedrooms and 2 bathrooms. - it last sold on September 07, 1994 for $47,500. Based on Redfin's Erie data, we estimate the home's value is $119,160.

Multi-familyProperty Type

1908Year Built

5,018 sq ftLot Size

$51Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$119,160

$72K since sold in September 1994$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.9% higher than the average sale price ($113K) of 6 comparable homes.

SOLD SEP 24, 2026
$58,000
A
4 beds2 baths2,482 sq ft
721 E 9th St, Erie, PA 16503
SOLD JUN 30, 2026
$150,000
B
4 beds2 baths2,336 sq ft
615 E 13th St, Erie, PA 16503
SOLD SEP 14, 2026
$63,500
C
5 beds2 baths1,844 sq ft
1146 Buffalo Rd, Erie, PA 16503
SOLD MAY 19, 2026
$110,000
D
5 beds2 baths2,016 sq ft
1423-25 Atkins St, Erie, PA 16503
SOLD AUG 31, 2026
$142,000
E
4 beds2 baths2,024 sq ft
308 Hess Ave, Erie, PA 16507
SOLD APR 30, 2026
$151,500
F
4 beds2 baths2,310 sq ft
315 Parade St, Erie, PA 16507

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 16507, PA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

94.4%

+3.0% MoM

Median sale price

$125K

$15K MoM

Avg. days on market

10d

1 days MoM

Recently sold homes

0 MoM

New listings for sale

312 Reed St, Erie, PA 16507
$150,000
4 beds1 bath1,320 sq ft
312 Reed St, Erie, PA 16507
$150,000
4 beds1 bath1,320 sq ft
1020 E 3rd St, Erie, PA 16507
$134,900
4 beds1 bath1,440 sq ft
312 Poplar St, Erie, PA 16507
$134,900
5 beds2 baths1,500 sq ft
222 Poplar St, Erie, PA 16507
See all

Provided by Redfin

Sale history for 1040 E Lake Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,276 (+3.4%)

$9,000 + $46,700

$55,700

2025

$2,202 (+2.2%)

$9,000 + $46,700

$55,700

2024

$2,155 (+2.9%)

$9,000 + $46,700

$55,700

2023

$2,094 (+2.1%)

$9,000 + $46,700

$55,700

2022

$2,050 (+1.4%)

$9,000 + $46,700

$55,700

2021

$2,021 (+0.7%)

$9,000 + $46,700

$55,700

2020

$2,007 (+5.5%)

$9,000 + $46,700

$55,700

2019

$1,902 (+1.2%)

$9,000 + $46,700

$55,700

2018

$1,880 (+0.2%)

$9,000 + $46,700

$55,700

2017

$1,876 (+1.5%)

$9,000 + $46,700

$55,700

2015

$1,849

$9,000 + $46,700

$55,700

Tax history for 1040 E Lake Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,276 (+3.4%)

$9,000 + $46,700

$55,700

2025

$2,202 (+2.2%)

$9,000 + $46,700

$55,700

2024

$2,155 (+2.9%)

$9,000 + $46,700

$55,700

2023

$2,094 (+2.1%)

$9,000 + $46,700

$55,700

2022

$2,050 (+1.4%)

$9,000 + $46,700

$55,700

2021

$2,021 (+0.7%)

$9,000 + $46,700

$55,700

2020

$2,007 (+5.5%)

$9,000 + $46,700

$55,700

2019

$1,902 (+1.2%)

$9,000 + $46,700

$55,700

2018

$1,880 (+0.2%)

$9,000 + $46,700

$55,700

2017

$1,876 (+1.5%)

$9,000 + $46,700

$55,700

2015

$1,849

$9,000 + $46,700

$55,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-2

Medium Density Residential Districts

Medium Density Residential Districts are for one to four-family residential developments of low to moderate density.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Fire house
Police station
Neighborhood center
Death related/funeral home

Property details

Interior

Basement Information
Basement Type: Full

Bathroom Information
# of Full Baths: 2

Heating & Cooling
Air Conditioning Type: Central
Heating Fuel Type: Gas
Heating Type: Forced Air

Room Information
# of Rooms: 9

Exterior

Exterior Information
Building Style Type: Old
Exterior Wall: Aluminum/Vinyl

Property Information
Subdivision Name: NAVY FARM
Living Sq. Ft: 2,352
Building Sq. Ft: 2,352
# of Stories: 2
Legal Description: 1040 42 E LAKE RD 40 X 125.5

Parking & Garage Information
Parking Type: Detached Frame/Concrete Block
Garage/Parking Sq. Ft: 360
Garage / Carport Type: Detached Frame/Concrete Block

Lot Information
# of Buildings: 1
Land Sq. Ft: 5,018
Legal Lot Number: 12900
Legal Block Number: 360
Acres: 0.1152
Depth Footage: 125.5
Front Footage: 40
Zoning Code: AD1
County Use Description: TWO FAMILY

Utility Information
Sewer Type: Public
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2026
Tax District County: ERIE CITY WARD 1

Public facts

Beds: 5
Baths: 2.0
Sq. Ft.: 2,352
Stories: 2.0
Lot Size: 5,018 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1908
Year Renovated: —
County: Erie County
APN: 14010036012900

Home facts updated by county records on Oct 8, 2026

Around this home

Schools

Edison Elementary School

Public PreK-5 • Assigned • 1.1mi

3/10

East Middle School

Public 6-8 • Assigned • 0.1mi

3/10

Erie High School

Public 9-12 • Assigned • 2.7mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° expected this year, 18 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Erie, PA • 16507

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$114,000 – $138,000

Sell confidently with a local market expert in Erie. 3 minutes to get started.

Nearby similar homes

$49,950

4 beds2 baths2,052 sq ft

460 E 11th St, Erie, PA 16503

$39,900

5 beds3 baths2,268 sq ft

1826 Chestnut St, Erie, PA 16502

$1,299,900

12 beds14 baths6,343 sq ft

3082 W 12th St, Erie, PA 16505

$120,000

6 beds3 baths2,592 sq ft

415 E 3rd St, Erie, PA 16507

$254,900

6 beds4 baths3,800 sq ft

658-60 E 7th St, Erie, PA 16501

$375,000

4 beds4 baths1,778 sq ft

1638 Brookside Dr, Erie, PA 16505

New listings for sale in 16507

$150,000

4 beds1 bath1,320 sq ft

312 Reed St, Erie, PA 16507

$150,000

4 beds1 bath1,320 sq ft

1020 E 3rd St, Erie, PA 16507

$134,900

4 beds1 bath1,440 sq ft

312 Poplar St, Erie, PA 16507

$134,900

5 beds2 baths1,500 sq ft

222 Poplar St, Erie, PA 16507

Home values near 1040 E Lake Rd

Data from public records.

Address	Redfin Estimate
1050 East Lake Rd, Erie, PA 3 Beds \| 1 Baths \| 1928 Sq. Ft.	$75,924
1016 East Lake Rd, Erie, PA 3 Beds \| 3 Baths \| 1582 Sq. Ft.	$89,764

Address	Redfin Estimate
1106 East Lake Rd, Erie, PA 4 Beds \| - Baths \| 1702 Sq. Ft.	$93,547
1108 East Lake Rd, Erie, PA 4 Beds \| 2 Baths \| 1702 Sq. Ft.	$89,990

Address	Redfin Estimate
1036 East Lake Rd, Erie, PA 6 Beds \| 2 Baths \| 2240 Sq. Ft.	$98,619
1018 East Lake Rd, Erie, PA 5 Beds \| 2 Baths \| 2320 Sq. Ft.	$129,923

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

16509 homes for sale
16501 homes for sale
16502 homes for sale
16503 homes for sale
16505 homes for sale

Houses for rent in Erie	Agents near me	Bethlehem, PA homes for sale	Erie Housing Market
Houses for sale near me	Philadelphia, PA homes for sale	Allentown, PA homes for sale
Land for sale near me	Pittsburgh, PA homes for sale	Media, PA homes for sale
Open Houses near me	West Chester, PA homes for sale	Erie Property Records
Condos for sale near me	Lancaster, PA homes for sale	PA New Listings

Edinboro homes for sale
Fairview homes for sale
North East homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 16507, PA

Sale history for 1040 E Lake Rd

Tax history for 1040 E Lake Rd

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 16507

Home values near 1040 E Lake Rd

More real estate resources