NOT LISTED FOR SALE

1049 E Archwood Ave Akron, OH 44306

East Akron Neighborhood

Estimated Value: $54,000 - $91,342

4 Beds
2 Baths
1,613 Sq Ft
$45/Sq Ft Est. Value

Last Sold December 23, 2014

Last sale price $15,000 $9 Per Sq Ft

Est. 381% increase in value since last sale

Current estimated payment $445/month

244 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of December 2014

Part of 3 Property (4 rental Unit) Investment Portfolio owner will sell all for 35,000
132 Cole Single 5br/1bath 846 Single Sherman 3br/1bath 1049 E Archwood Duplex 2br/1bath per unit

2 unit building, 1st floor unit gas forced air heated one bedroom. 2nd floor unit has 2 bedrooms and electric baseboard heating. Hardwood floors and moldings in both Units.Tenants pay all their own utilities.

Tenant Occupied at $700/month
Cap Rate of 15% Includes Management Fee, Taxes, Insurance, Vacancy and 20% Maintenance Contingencies

Last Agent to Sell the Property

Michelle Fenn

RE/MAX Above & Beyond License #2013000092 Listed on: 04/03/2014

RE/MAX Above & Beyond

Last Buyer's Agent

Michelle Fenn

RE/MAX Above & Beyond License #2013000092 Listed on: 04/03/2014

RE/MAX Above & Beyond

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,434 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,613 Sq Ft Home
  • 2-Story Property
  • City Views
  • Unfinished Basement

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • 2 Units
  • View Park Community

Listing and Financial Details

  • Tenant pays for pays all
  • Assessor Parcel Number 6740977

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 9.30
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1613
  • Year Built: 1929
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Appliances Equipment: Wall Oven, Range, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Room Count: 1
  • Basement Detail: Unfinished
  • Living Area Sq Ft: 1613
  • Estimated Total Living Area: 1613
  • Estimated Sq Ft: 1613

Exterior Features

  • View: City View
  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Heating Fuel: Electric, Gas
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: View Park

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Area Sq Ft: 0.1477
  • Lot Size Units: Acres
  • Acres: 0.1477
  • Parcel Number: 6740977

Rental Info

  • Tenant Pays: Pays All

Multi Family

  • Unit Count: 2
  • Gross Income: 9000.00
  • Net Income: 5648.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 1452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Brown Mcchung Akron Llc
Bought by
Xe Properties Llc
Current Estimated Value
$72,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$32,098
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$39,988

Purchase Details

Closed on
Oct 11, 2016
Sold by
Txs Property Services Llc
Bought by
Brown Mcclung Steven

Purchase Details

Closed on
May 8, 2001
Sold by
Borowski Michael D
Bought by
Quad Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.03%

Purchase Details

Closed on
Apr 26, 2001
Sold by
Borowski Michael D
Bought by
Borowski Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.03%

Purchase Details

Closed on
Mar 29, 2001
Sold by
Quad Investment Properties Llc
Bought by
Borowski Michael D and Borowski Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.03%

Purchase Details

Closed on
Mar 1, 2001
Sold by
Strickland Linda L
Bought by
Quad Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Xe Properties Llc $35,000 None Available
Brown Mcclung Steven $45,000 None Available
Quad Investment Properties Llc -- Minnesota Title Agency Inc
Borowski Steven M $25,000 Minnesota Title Agency Inc
Borowski Michael D -- --
Quad Investment Properties Llc $44,500 Minnesota Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xe Properties Llc $35,000
Previous Owner Borowski Steven M $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2014 12/23/14 Sold $15,000 -60.4% $9 / Sq Ft
12/03/2014 12/03/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $37,900 -- $23 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,207 $20,021 $5,513 $14,508
2024 $1,293 $20,021 $5,513 $14,508
2023 $3,207 $20,021 $5,513 $14,508
2022 $1,131 $11,774 $3,241 $8,533
2021 $928 $11,774 $3,241 $8,533
2020 $873 $11,770 $3,240 $8,530
2019 $1,015 $12,650 $3,840 $8,810
2018 $1,003 $12,650 $3,840 $8,810
2017 $1,035 $12,650 $3,840 $8,810
2016 $1,036 $12,890 $3,840 $9,050
2015 $1,035 $12,890 $3,840 $9,050
2014 $1,028 $12,890 $3,840 $9,050
2013 $2,085 $12,920 $3,840 $9,080
Source: Public Records

Agents Affiliated with this Home

  • Michelle Fenn

    Seller's Agent in 2014

    Michelle Fenn

    RE/MAX

    (216) 333-5145

    45 Total Sales

    Michelle Fenn
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Map

Source: MLS Now

MLS Number: 3605451

MLS Now

APN: 67-40977

Ohio Summit County Akron 44306 East Akron

1049 E Archwood Ave, Akron, OH

Not Listed for Sale

MultiFamily

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