211 Home St · Mercer, PA 16137

$132,000

3 bd · 2.0 ba · 1,728 sqft · SingleFamily · 14 Days on market

Built 1900 0.37 ac lot $76/sqft · 21% below area Est $168k · 21% under

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Why this score? — see what drove the C 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 +19.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +4.5/10.0
• Schools +4.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

Key facts

• Detached garages
• Brand-new kitchen
• Oversized backyard

Tags

• OVERSIZED BACKYARD
• DETACHED GARAGES
• BRAND-NEW KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $137 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (4.8% below list).
• Recommended offer: $126k (4.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#810 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: employment C-, health & safety C-, amenities F.
• Mercer Area SD (town): math 42% / reading 63% proficiency, ranked #148 of 539 in PA (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 49 active listings in the ZIP; 62 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $913 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Mercer County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y ago; this cycle's ask has dropped $58k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $132k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,607 (4.8% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.95% ✗
• Cap rate: 7.54%
• Cash-on-cash: 4.44%
• DSCR: 1.20
• GRM: 8.8

CMA / ARV

• ARV (median comp): $167,615
• List price: $132,000
• Delta: -1.56%
• Verdict: FAIR
• Comps: 6 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
441 N Pitt St	0.59mi	3/2.0	1,500 (-13%)	2mo	$165,000	$110	49

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

Projected returns pro-forma

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

5-year hold

• IRR: -9.4%
• Equity multiple: 0.66×
• Total profit: $-12,690
• Equity at exit: $19,682

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $108
• Equity at exit: $11,413

Cash invested: $36,960 (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 16137

• Home prices YoY: -30.6%
• Active inventory: 49
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,256 medium
• Mortgage (P&I): −$692
• Tax from tax record: −$108 /mo · $1,299/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $137

Break-even live

Break-even rent $1,083

Max offer price $132,000

Occupancy floor 84%

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $132,000 Active 14 DOM
2. 2026-06-18
   days on market $132,000 Active 13 DOM
3. 2026-06-17
   price $132,000 Active 12 DOM
4. 2026-06-17
   days on market $145,000 Active 12 DOM
5. 2026-06-16
   days on market $145,000 Active 11 DOM
6. 2026-06-15
   days on market $145,000 Active 10 DOM
7. 2026-06-14
   days on market $145,000 Active 8 DOM
8. 2026-06-13
   days on market $145,000 Active 7 DOM
9. 2026-06-10
   days on market $145,000 Active 5 DOM
10. 2026-06-09
    days on market $145,000 Active 4 DOM
11. 2026-06-08
    days on market $145,000 Active 3 DOM
12. 2026-06-07
    remarks 699-char remark
13. 2026-06-07
    pricedays on marketlisting id $145,000 Active 2 DOM
14. 2026-06-02
    days on market $165,000 Active 226 DOM
15. 2026-06-01
    days on market $165,000 Active 225 DOM
16. 2026-05-31
    days on market $165,000 Active 224 DOM
17. 2026-05-30
    days on market $165,000 Active 223 DOM
18. 2026-04-02
    price $165,000 844-char remark

    Show marketing remark (844 chars)

    Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

19. 2026-01-11
    price $169,900 844-char remark

    Show marketing remark (844 chars)

    Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

20. 2025-12-19
    price $179,900 844-char remark

    Show marketing remark (844 chars)

    Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

21. 2025-11-24
    price $184,000 844-char remark

    Show marketing remark (844 chars)

    Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

22. 2025-10-19
    listed $190,000 Active 844-char remark

    Show marketing remark (844 chars)

    Step into this charming 3-bedroom home filled with character. Conveniently located within walking distance to Mercer Courthouse Square, this property combines classic charm with modern comfort. The kitchen has been completely renovated and features stunning Diamond soft-close cabinetry and plenty of counter space for meal prep and entertaining. A full bath is conveniently located on the first floor, while the second floor offers three spacious bedrooms freshly painted—one with an adjoining room and another with a large walk-in closet that could also serve as a perfect home office. Outside, enjoy a large, level lot ideal for outdoor gatherings, plus a rare combination of both a 2-car and an additional 1-car detached garage for ample storage and parking. This timeless home is move-in ready and brimming with warmth and character!

23. 2005-06-30
    soldstatus $75,000 142-char remark

    Show marketing remark (142 chars)

    Corner lot with large yard. Feels like country living but in town. 6x11 mud room that could be laundry room. Large kitchen- dining room combo.

24. 2005-03-29
    listed $78,500 142-char remark

    Show marketing remark (142 chars)

    Corner lot with large yard. Feels like country living but in town. 6x11 mud room that could be laundry room. Large kitchen- dining room combo.

ⓘ 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: $1,299 · $108/mo
• Projected year-2 tax: $1,692 · $141/mo
• Expected delta: +$393/yr (+$33/mo · 30.3%)

ⓘ 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 3/10 Moderate 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,073
• − Mortgage interest: −$7,394
• − Property taxes: −$1,299
• − Insurance: −$660
• − Repairs & maintenance: −$1,206
• − Management: −$1,206
• − Depreciation: −$3,840
• Taxable loss: −$532
• Est. tax savings @ 24.0%: +$128
• After-tax cash flow: $1,770/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: Mercer Area SD
• NCES district ID: 4215120
• Math proficiency: 42% ▼ -12.00%
• Reading proficiency: 63% ▼ -6.00%
• Median HH income: $49,082
• Composite: 44.68/100
• National rank: #2763
• State rank: #148 of 539 in PA

Livability — Mercer

• Score: 69/100
• State rank: #810
• US rank: #8243

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mercer, PA
• City population: 12,327
• Population (ZIP): 12,327

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 108,341 people
• By 2030: 104,269 · -3.8%
• By 2040: 94,624 · -12.7%
• By 2050: 84,891 · -21.6%
• By 2075: 65,094 · -39.9%
• By 2100: 47,657 · -56.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 4% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Polish 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · German/W. Germanic 3% Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Mercer

• 2024 margin: Solid R (+30.2) · D 34.5% · R 64.7%
• 2008→2024 swing: -29.9pp toward R · 2008: -0.3pp · 2024: -30.2pp
• All cycles: 2024: R+30.2 2020: R+26.0 2016: R+25.0 2012: R+2.5 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.73%
• Current HPI: 155.9585
• 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

+110.2% since first listed

7 events — show timeline

• 2026-04-02 Price Changed $165,000 West Penn MLS
• 2026-01-11 Price Changed $169,900 West Penn MLS
• 2025-12-19 Price Changed $179,900 West Penn MLS
• 2025-11-24 Price Changed $184,000 West Penn MLS
• 2025-10-19 Listed $190,000 West Penn MLS
• 2005-06-30 Sold (MLS) $75,000 West Penn MLS
• 2005-03-29 Listed $78,500 West Penn MLS

Property tax history

+0.8%/yr

Latest (2025): $1,299 · +5.6% YoY. Source: county tax records.