206 Gay St, Oil City, PA, 16301
About This Home
Historic Oil City, PA offering at 206 Gay St. Corner lot 2-bedroom, 1-bath home, last remodeling done in the ‘80s but brand new roof 2025 and some new windows as well. There's work to be done but lots of potential for this home located in a quiet area on the Northside of town: first floor living room, dining room and kitchen with an enclosed porch entryway. The kitchen opens out to the fenced private yard, providing a secluded area for gardening, relaxation, or a pet to stretch its legs. The second floor includes 2 bedrooms, 1 bathroom, and a laundry area, ideal for a family starter. Bring your design plans and tweak this house into your dream family home or investment.Heat is natural gas which is also available for cooking. Property is being sold "as is".
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Composition
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Residential
Interior
Appliances
- Appliances included: None
- Laundry features: W/D Hook Up
Basement
- Has basement: Yes
- Basement: Crawl Space,Partial
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Wood
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 803
- Total interior livable area: 803 sqft
Property
Details
- Parcel number: 16046153000
- Zoning: Residential
Features
- Levels: Two
- Stories: 2
- Exterior features: Storage
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: 63 x 74
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $197 | $2,364 |
| Home Insurance * | $61 | $732 |
| Property Taxes | $39 | $468 |
| Electricity | $224 | $2,692 |
| Total | $521 | $6,252 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Price change | $34,000 |
| 2026-03-05 | Price change | $37,000 |
| 2025-10-15 | Price change | $44,000 |
| 2025-08-26 | Listed for sale | $49,000 |
| 2024-08-08 | Sold | $13,100 |
| 2024-06-10 | Listed for sale | $12,900 |
| 2024-05-08 | Sold | $2,324 |
| 2009-04-03 | Sold | $28,000 |
| 2005-06-20 | Sold | $7,400 |
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