OFF MARKET

Off market aug 2025 for $525K

$488,213

•

2,488

sq ft

1197 Bankson Rd, Oil City, PA 16301

About this home

Looking for a secluded architecturally designed custom built home with the best quality materials money can buy? You found it! This home was built in 1998. It is a 2-3 beds, 2.5 bath home offering a large eat in kitchen with incredible custom cabinetry including a wood buring fireplace. A perfect sized formal dining room. The beautiful living room has cathedral wood ceilings, 2 curly cherry wood columns, a beautiful wood burning fireplace and a full wall of french doors revealing wooded views of the back property. Custom made hardwood floors not seen anywhere else. Each bedroom has an on suite full or 3/4bath. The master bath boasts large jacuzzi tub, shower and a warming drawer for towels. Professionally decorated! 1st floor laundry, the office is an optional 3rd bedroom. Full DRY basement. Exterior features cedar shake wood siding, slate roof, and 2 unique chimneys . Shared driveway to allow current seller access to adjoing property.

Single-familyProperty Type

1998Year Built

8 acresLot Size

$196Est. Price/Sq.Ft.

10 spacesParking

Listed by • 1ST RATE REALTY LLC

Bought with Bobbi Lazar • 1ST RATE REALTY LLC

Redfin checked: a few seconds ago

•Source:West Penn MLS #1678264

Redfin Estimate

$488,213

$37K since sold in August 2025$13K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 117.3% higher than the average sale price ($225K) of 6 comparable homes.

SOLD APR 15, 2026
$203,000
A
3 beds1.5 baths2,418 sq ft
1796 State Route 8, Oil City, PA 16301
SOLD SEP 25, 2026
$232,000
B
3 beds2 baths1,120 sq ft
5 Starlight Dr, Oil City, PA 16301
SOLD JUL 17, 2026
$180,000
C
3 beds2 baths1,516 sq ft
12 Kevin Cir, Oil City, PA 16301
SOLD AUG 27, 2026
$155,000
D
3 beds2 baths1,421 sq ft
155 Cherry Run, Rouseville, PA 16344
SOLD OCT 5, 2026
$288,000
E
4 beds3.5 baths3,078 sq ft
6 Oakwood Dr, Oil City, PA 16301
SOLD MAY 28, 2026
$289,900
F
3 beds2 baths1,518 sq ft
1024 Warren Rd, Franklin, PA 16323

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Earn from this home

Rent

$2,812/mo

Redfin rental estimate

List your home for rent

Market trends in 16301, PA

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

94.9%

+1.4% MoM

Median sale price

$107K

$15K MoM

Avg. days on market

70d

7 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 2 HRS AGO
$115,000
3 beds1 bath1,358 sq ft
271 Linden Ave, Oil City, PA 16301
$135,000
2 beds2 baths1,215 sq ft
120 E Sixth St, Oil City, PA 16301
$89,500
3 beds1 bath1,620 sq ft
13 Hiland Ave, Oil City, PA 16301
REALTY CO LLC
$539,000
4 beds3.5 baths— sq ft
2 Shady Oak Ln, Oil City, PA 16301
BERKSHIRE HATHAWAY THE PREFERRED REALTY
$89,900
3 beds1.5 baths1,037 sq ft
5 Oak Grove St, Oil City, PA 16301
See all

Provided by Redfin

Sale history for 1197 Bankson Rd

Date

Event

Price

West Penn MLS #1678264

Aug 29, 2025

Sold

$525,000

$211/sq ft

Aug 13, 2025

Pending

—

Oct 30, 2024

Listed

$550,000

$221/sq ft

AVBREALTORS #159290

Aug 29, 2025

Sold

$525,000

$211/sq ft

Jul 30, 2025

Contingent

—

Jul 18, 2025

Price Changed

$549,000

$221/sq ft

Jun 13, 2025

Price Changed

$575,000

$231/sq ft

Oct 17, 2024

Price Changed

$550,000

$221/sq ft

Aug 16, 2024

Price Changed

$575,000

$231/sq ft

Jun 5, 2024

Listed

$595,000

$239/sq ft

+60

Looking for a secluded architecturally designed custom built home with the best quality materials money can buy? You found it! Built in 1998, this 2-3 bedroom, 2.5 bath home offers a large eat in kitchen with incredible custom cabinetry including & a wood buring fireplace. A perfect sized formal dining room. The beautiful living room has cathedral wood ceilings, 2 curly cherry wood columns, a beautiful wood burning fireplace and a full wall of french doors revealing wooded views of the back property. Custom made hardwood floors not seen anywhere else. Each bedroom has an on suite full or 3/4bath. The master bath boasts large jacuzzi tub, shower and a warming drawer for towels. Professionally decorated! 1st floor laundry, the office is an optional 3rd bedroom. Full DRY basement. Exterior features cedar shake wood siding, slate roof, and 2 unique chimneys . The additional CARRIAGE HOUSE IS INCLUDED. Owner NEGOTIABLE! Call today for a private showing.

AVBREALTORS #158694

Dec 28, 2023

Contingent

—

Dec 13, 2023

Listed

$575,000

$231/sq ft

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Venango County

APN

07,005.-007B..-000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Dec 13, 2023.

Property details

Parking

Parking
Features: Garage Door Opener
# of Parking (Total): 10

Interior

Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 8
Has Basement

Room 1 Information
Laundry
Level: Main
Dimensions: 10x8

Room 2 Information
Bonus Room
Level: Main
Dimensions: 20x13

Room 3 Information
Bedroom 2
Level: Main
Dimensions: 15x13

Room 4 Information
Primary Bedroom
Level: Main
Dimensions: 18x15

Room 5 Information
Entry/Foyer
Level: Main
Dimensions: 11x8

Room 6 Information
Kitchen
Level: Main
Dimensions: 21x13

Room 7 Information
Dining Room
Level: Main
Dimensions: 14x13

Room 8 Information
Living Room
Level: Main
Dimensions: 20x16

Fireplace Information
Has Fireplace
# of Fireplaces: 1

Equipment
Appliances: Some Gas Appliances, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Stove, Trash Compactor, Washer

Interior Features
Window Features: Multi Pane, Screen(s), Window Treatments
Flooring: Hardwood, Carpet
Other Features: Central Vacuum, Jetted Tub, Kitchen Island, Window Treatments

Exterior

Building Information
Stories: 1
Roof Details: Slate
Construction Details: Stone, Vinyl Siding

Lot Information
Lot Size Area: 8
Lot Size Acres: 8
Lot Size Dimensions: 8+- Acres

Property Information
Resale

Financial

Assessments and Fees
Assessed Value: $250,750

Tax Information
Annual Tax Amount: $6,572

Utilities

Utility Information
Sewer: Septic Tank
Water Source: Spring

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Propane

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Venango County
APN: 07,005.-007B..-000

Home facts updated by county records on Dec 13, 2023

Around this home

Schools

Hasson Heights School

Public K-4 • Assigned • 3.8mi

6/10

Oil City Area Middle School

Public 5-8 • Assigned • 4.5mi

6/10

Oil City Senior High School

Public 9-12 • Assigned • 4.6mi

3/10

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

2/10 Heat Factor

7 days above 93° expected this year, 17 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, 2 days in 30 years

Provided by First Street

Historical weather

Oil City, PA • 16301

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 8.7 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$464,000 – $562,000

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

Nearby similar homes

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BERKSHIRE HATHAWAY THE PREFERRED REALTY

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New listings for sale in 16301

NEW 2 HRS AGO

$115,000

3 beds1 bath1,358 sq ft

271 Linden Ave, Oil City, PA 16301

Brick home • Wood floors • Gas fireplace

$135,000

2 beds2 baths1,215 sq ft

120 E Sixth St, Oil City, PA 16301

Front porch • Great deck • 4,791 sq ft lot

$89,500

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Full basement • Spacious attic • Off street parking

REALTY CO LLC

$539,000

4 beds3.5 baths— sq ft

2 Shady Oak Ln, Oil City, PA 16301

2 acre wooded lot • First floor office • Two story staircase

BERKSHIRE HATHAWAY THE PREFERRED REALTY

$89,900

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Newly renovated • New laminate floors • Fresh paint

Home values near 1197 Bankson Rd

Data from public records.

Address	Redfin Estimate
1290 Bankson Road, Oil City, PA 2 Beds \| 1 Baths \| 1752 Sq. Ft.	$162,089
984 State Route 227, Oil City, PA 2 Beds \| 1 Baths \| 896 Sq. Ft.	$104,044

Address	Redfin Estimate
1130 State Route 227, Oil City, PA 4 Beds \| 1 Baths \| 2472 Sq. Ft.	$161,505
1275 State Route 227, Oil City, PA 2 Beds \| 1 Baths \| 1344 Sq. Ft.	$97,333

Address	Redfin Estimate
1285 State Route 227, Oil City, PA 3 Beds \| 1 Baths \| 984 Sq. Ft.	$77,073
1290 State Route 227, Oil City, PA 3 Beds \| 1.5 Baths \| 1440 Sq. Ft.	$148,750

Property information provided by West Penn MLS when last listed in 2024. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 16301, PA

Sale history for 1197 Bankson Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 16301

Home values near 1197 Bankson Rd

More real estate resources