Andrea Snyder
Russell Real Estate Services
(330) 739-8231
25 Total Sales
1 in Wadsworth
$305,000 Price
115 Rainbow St Wadsworth, OH 44281
Wadsworth Area
4
Beds
4
Baths
1,728
Sq Ft
4,430
Sq Ft Lot
Highlights
- City View
- Baseboard Heating
- 3-minute walk to Franklin Park
- Isham Memorial Elementary School Rated A-
- North Facing Home
About This Home
As of November 2016Excellent Opportunity: This four-unit is 100% occupied & ready for investor to take over! Rents are below market value! Rewired to 400 amp service in 2002; LEAD PAINT ABATEMENT DONE 2002; new windows 2002; kitchens & baths remodeled 2002; new doors 2002; new gas lines, hot water tanks, circuit panels in 2002, back stairs replaced in 2015.
Owner pays for: water/sewer/trash, electric/heat to basement, outside lights & outside outlets. Units have electric baseboard heat however gas is still available. Some units have tenant-owed window a/c units. Electric is paid by tenants. Historical building. Property is on Medina County bus line. Easy access to shopping. 24 Hour notice a MUST.
Gross income: $16,560. Net Profit $12,141 (does NOT include insurance, interest or depreciation).
Taxes: $1,807, Water/Sewer/Trash: $1,212, “House” electric: $800 (extremely dependent on winter weather) Other Operating Expenses: $600 (mainly repairs and maintenance to refurbish apartments when tenants change-repaint, clean carpet, replace blinds, etc.)
Last Agent to Sell the Property
Belinda Godin
Deleted Agent License #2013002408 Listed on: 09/05/2016
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,796
Year Built
- Built in 1900
Lot Details
- 4,430 Sq Ft Lot
- North Facing Home
- Unpaved Streets
Home Design
- Slate Roof
- Vinyl Construction Material
Interior Spaces
- 1,728 Sq Ft Home
- 2-Story Property
- City Views
- Fire and Smoke Detector
Kitchen
- Built-In Oven
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Unfinished Basement
- Partial Basement
- Crawl Space
Location
- City Lot
Utilities
- Window Unit Cooling System
- Baseboard Heating
Community Details
- 4 Units
Listing and Financial Details
- Tenant pays for electric
- The owner pays for electric
- Assessor Parcel Number 040-20C-10-020
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2016
Closed on
Nov 14, 2016
Sold by
J & Sk Properties Inc
Bought by
Seller's Agent
Belinda Godin
Deleted Agent
Buyer's Agent
Michele boyd
Berkshire Hathaway HomeServices Stouffer Realty
List Price
$93,000
Sold Price
$89,000
Premium/Discount to List
-$4,000
-4.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,850
Outstanding Balance
$45,385
Interest Rate
3.47%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 3, 2006
Sold by
Kreuscher James M and Kreuscher Sandra L
Bought by
J Sk Properties Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Wadsworth, OH
-
Andrea Snyder
-
Nicole Kresowaty
Nicole Kresowaty
EXP Realty, LLC
(234) 271-4123
150 Total Sales
63 in Wadsworth
$88K - $790K Price Range
-
Stephanie Beeson
Stephanie Beeson
Berkshire Hathaway HomeServices Stouffer Realty
(234) 271-4156
207 Total Sales
3 in Wadsworth
$195K - $297K Price Range
-
Tina White
Tina White
EXP Realty, LLC.
(234) 206-2854
144 Total Sales
1 in Wadsworth
$254,000 Price
-
Laura Rood
Laura Rood
Howard Hanna
(234) 278-1557
77 Total Sales
1 in Wadsworth
$318,000 Price
-
Quinn Johnston
Quinn Johnston
LoFaso Real Estate Services
(234) 278-1409
139 Total Sales
7 in Wadsworth
$130K - $700K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $89,000 | Title Direct Ltd | ||
| J Sk Properties Inc | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $57,850 | ||
| Previous Owner | Kreuscher James M | $83,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2016 11/14/16 | Sold | $89,000 | -4.3% | $52 / Sq Ft |
| 09/10/2016 09/10/16 | Pending | -- | -- | -- |
| 09/05/2016 09/05/16 | For Sale | $93,000 | -- | $54 / Sq Ft |
Source: MLS Now
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,174 | $39,480 | $7,210 | $32,270 |
| 2024 | $2,174 | $33,810 | $6,560 | $27,250 |
| 2023 | $2,052 | $33,810 | $6,560 | $27,250 |
| 2022 | $2,029 | $33,810 | $6,560 | $27,250 |
| 2021 | $2,076 | $29,750 | $6,250 | $23,500 |
| 2020 | $1,720 | $29,750 | $6,250 | $23,500 |
| 2019 | $1,706 | $29,750 | $6,250 | $23,500 |
| 2018 | $1,774 | $29,470 | $7,900 | $21,570 |
| 2017 | $1,774 | $29,470 | $7,900 | $21,570 |
| 2016 | $1,814 | $29,470 | $7,900 | $21,570 |
| 2015 | $1,796 | $28,070 | $7,530 | $20,540 |
| 2014 | $1,807 | $28,070 | $7,530 | $20,540 |
| 2013 | $1,800 | $28,070 | $7,530 | $20,540 |
Source: Public Records
Agents Affiliated with this Home
-
BG
Seller's Agent in 2016
Belinda Godin
Deleted Agent
-
Michele boyd
Buyer's Agent in 2016
Michele boyd
Berkshire Hathaway HomeServices Stouffer Realty
(330) 723-7218
5 Total Sales
Map
Source: MLS Now
MLS Number: 3842123
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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