138 S Mercer St · Linesville, PA 16424

$130,000

3 bd · 2.0 ba · 1,120 sqft · SingleFamily · 39 Days on market

0.31 ac lot $116/sqft · at area comps Est $132k · at est.

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.4/30.0
• DSCR +9.6/10.0
• Appreciation +9.2/10.0
• ARV discount +8.2/15.0
• 1% rule +6.9/10.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Conveniently located 2 story home a block from main street in Linesville. Offering 3 bedrooms and 2 baths, this property has character and is just waiting for your personal touch to bring it back to life. Nice open layout. First floor laundry and attached garage. It has a beautiful backyard with plenty of space for entertaining or gardening. Plus a separate garage for storage or a workshop. Whether you are looking for your next renovation project or an investment opportunity, this property provides a solid home with good bones.

Key facts

• Separate garage
• First floor laundry
• 2 story home

Tags

• 2 STORY HOME
• OPEN LAYOUT
• FIRST FLOOR LAUNDRY
• BEAUTIFUL BACKYARD
• SEPARATE GARAGE

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: Attached 2-car garage; 2 total parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories
• Construction: Aluminum siding and frame construction; Asphalt roof; Basement (partial, unfinished); Built as a residential single family home
• Exterior features: Porch; Outbuilding; Cleared, irregular lot; Paved road access

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Electric oven and electric range; Refrigerator; Washer and dryer; Partial unfinished basement; 8 total rooms; Smoke detectors
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#836 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, health & safety D, amenities F.
• Conneaut SD (rural): math 38% / reading 57% proficiency, ranked #241 of 539 in PA (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 53 active listings in the ZIP; 83 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($899 loan paydown + $11k appreciation (8.5% local appreciation)).
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.5% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 9.81%
• Cash-on-cash: 12.56%
• DSCR: 1.56
• GRM: 7.0

CMA / ARV

• ARV (median comp): $132,018
• List price: $130,000
• Delta: -1.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
315 Wallace Ave	0.24mi	3/1.5	1,176 (+5%)	10mo	$149,500	$127	70
138 Jefferson St	0.18mi	3/2.0	1,244 (+11%)	5mo	$173,500	$139	69
103 S Church St	0.25mi	3/2.0	1,200 (+7%)	10mo	$220,000	$183	68
574 W Erie St	0.44mi	2/1.0 (-1)	1,100 (-2%)	10mo	$123,000	$112	60
377 E Erie St	0.57mi	2/1.0 (-1)	1,100 (-2%)	16mo	$55,000	$50	48
14552 Wallace Ave	0.66mi	2/1.5 (-1)	1,248 (+11%)	11mo	$180,000	$144	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.7%
• Equity multiple: 3.25×
• Total profit: $81,862
• Equity at exit: $103,081

10-year hold

• IRR: 27.1%
• Equity multiple: 7.04×
• Total profit: $219,742
• Equity at exit: $208,875

Cash invested: $36,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 16424

• Home prices YoY: 3.2%
• Active inventory: 53
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,544 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$103 /mo · $1,235/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $381

Break-even live

Break-even rent $1,062

Max offer price $130,000

Occupancy floor 70%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $130,000 Active 39 DOM
2. 2026-06-18
   days on market $130,000 Active 38 DOM
3. 2026-06-17
   days on market $130,000 Active 37 DOM
4. 2026-06-16
   days on market $130,000 Active 36 DOM
5. 2026-06-15
   days on market $130,000 Active 35 DOM
6. 2026-06-14
   days on market $130,000 Active 33 DOM
7. 2026-06-12
   days on market $130,000 Active 32 DOM
8. 2026-06-09
   days on market $130,000 Active 29 DOM
9. 2026-06-08
   days on market $130,000 Active 28 DOM
10. 2026-06-07
    days on market $130,000 Active 27 DOM
11. 2026-06-07
    days on market $130,000 Active 26 DOM
12. 2026-06-03
    days on market $130,000 Active 23 DOM
13. 2026-06-02
    days on market $130,000 Active 22 DOM
14. 2026-06-01
    days on market $130,000 Active 21 DOM
15. 2026-05-31
    days on market $130,000 Active 20 DOM
16. 2026-05-30
    days on market $130,000 Active 19 DOM
17. 2026-05-11
    listed $130,000 Active 533-char remark

    Show marketing remark (533 chars)

    Conveniently located 2 story home a block from main street in Linesville. Offering 3 bedrooms and 2 baths, this property has character and is just waiting for your personal touch to bring it back to life. Nice open layout. First floor laundry and attached garage. It has a beautiful backyard with plenty of space for entertaining or gardening. Plus a separate garage for storage or a workshop. Whether you are looking for your next renovation project or an investment opportunity, this property provides a solid home with good bones.

18. 2026-05-11
    listed $130,000 Active 533-char remark

    Show marketing remark (533 chars)

    Conveniently located 2 story home a block from main street in Linesville. Offering 3 bedrooms and 2 baths, this property has character and is just waiting for your personal touch to bring it back to life. Nice open layout. First floor laundry and attached garage. It has a beautiful backyard with plenty of space for entertaining or gardening. Plus a separate garage for storage or a workshop. Whether you are looking for your next renovation project or an investment opportunity, this property provides a solid home with good bones.

19. 2018-04-30
    historical
20. 2017-12-12
    listed $57,900
21. 2017-12-12
    listed $57,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $1,235 · $103/mo
• Projected year-2 tax: $1,644 · $137/mo
• Expected delta: +$410/yr (+$34/mo · 33.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,528
• − Mortgage interest: −$7,282
• − Property taxes: −$1,235
• − Insurance: −$650
• − Repairs & maintenance: −$1,482
• − Management: −$1,482
• − Depreciation: −$3,782
• Taxable income: $2,615
• Est. tax owed @ 24.0%: −$628
• After-tax cash flow: $3,944/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Conneaut SD
• NCES district ID: 4206590
• Math proficiency: 38% ▼ -7.00%
• Reading proficiency: 57% ▼ -7.00%
• Median HH income: $43,946
• Composite: 40.06/100
• National rank: #3813
• State rank: #241 of 539 in PA

Livability — Linesville

• Score: 69/100
• State rank: #836
• US rank: #8776

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment D+ Housing A+ Health & safety D User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Linesville, PA
• Population (ZIP): 4,328

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 81,399 people
• By 2030: 77,977 · -4.2%
• By 2040: 70,659 · -13.2%
• By 2050: 63,841 · -21.6%
• By 2075: 50,198 · -38.3%
• By 2100: 37,898 · -53.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · German/W. Germanic 3% Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+39.2) · D 30.0% · R 69.2%
• 2008→2024 swing: -28.8pp toward R · 2008: -10.4pp · 2024: -39.2pp
• All cycles: 2024: R+39.2 2020: R+37.2 2016: R+38.5 2012: R+19.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.48%
• Current HPI: 276.8388
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+124.5% since first listed

5 events — show timeline

• 2026-05-11 Listed $130,000 GEBOR
• 2026-05-11 Listed $130,000 GEBOR
• 2018-04-30 Delisted — West Penn MLS
• 2017-12-12 Listed $57,900 West Penn MLS
• 2017-12-12 Listed $57,900 GEBOR

Property tax history

+1.9%/yr

Latest (2025): $1,235 · +0.0% YoY. Source: county tax records.