NOT LISTED FOR SALE

117 Gilbert Ave Niles, OH 44446

Estimated Value: $109,405 - $145,000

3 Beds
2 Baths
1,722 Sq Ft
$74/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $85,000 $49 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $769/month

114 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • West Facing Home

About This Home

As of December 2020

Great Turn-Key Investment Opportunity! This well maintained and updated duplex is fully rented. First floor has 2 bedrooms and one bath and rents for $575. The second floor has 1 bedroom, 1 bath and rents for $550. Monthly budgeted expenses (including utilities, taxes, and insurance) are approx $315. Owner pays all utilities except cable. Updates include newer roof, windows, blown-in insulation, siding, A/C, and gutter guards. The basement has been waterproofed with a life time warranty. Both tenants have access to the basement for additional storage. There is a covered shared porch on the first floor and additional covered porch for the first floor tenant in the rear. Make it your home and have the second apartment pay for the mortgage, or just enjoy the passive income on this investment opportunity.

Last Agent to Sell the Property

Christine McCann

Berkshire Hathaway HomeServices Stouffer Realty License #2011000658 Listed on: 07/17/2020

Berkshire Hathaway HomeServices Stouffer Realty

Last Buyer's Agent

Andrea Partridge

Deleted Agent License #305572

Deleted Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $986

Year Built

  • Built in 1907

Lot Details

  • 8,799 Sq Ft Lot
  • West Facing Home

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,722 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable/electric link
  • The owner pays for electric, gas, trash collection, water
  • Assessor Parcel Number 25-256700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$986

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: West
  • Price Per Square Foot: 49.36
  • Estimated Price per Sq Ft: 49.36
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1722
  • Year Built: 1907
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1907

Interior Features

  • Appliances Equipment: Wall Oven, Range, Refrigerator, Smoke Detector, Sump Pump
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full, Unfinished
  • Sq Ft Approx Above Grade Finished: 1722.00
  • Sq Ft Approx Total Finished: 1722.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached, Electric
  • Garage Num Of Cars: 2

Utilities

  • Cooling Type: Central Air
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Fee Information

  • Op Expenses: 311.00

Schools

  • School District: Niles CSD
  • School District: Niles CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2020
  • Parcel Number: 25-256700

Rental Info

  • Owner Pays: Electric, Gas, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link

Multi Family

  • Unit Count: 2
  • Gross Income: 1125.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 986

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Dec 22, 2020
Sold by
Oleksiuk Ralph E and Oleksiuk Phyllis
Bought by
Gibbs Stuart A
Seller's Agent
Christine McCann
Berkshire Hathaway HomeServices Stouffer Realty
Buyer's Agent
Andrea Partridge
Deleted Agent
List Price
$95,000
Sold Price
$85,000
Premium/Discount to List
-$10,000
-10.53%
Current Estimated Value
$127,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,601
Avg. Annual Appreciation
8.41%
Original Mortgage
$72,250
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1990
Bought by
Ralph E Oleksiuk
Source: Public Records

Range of Values:

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Average Value
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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
Gibbs Stuart A $85,000 None Available
Ralph E Oleksiuk -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbs Stuart A $72,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $85,000 0.0% $49 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
09/21/2020 09/21/20 Price Changed $85,000 -10.5% $49 / Sq Ft
08/08/2020 08/08/20 For Sale $95,000 0.0% $55 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $95,000 -- $55 / 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
2024 $1,109 $26,220 $3,400 $22,820
2023 $1,109 $26,220 $3,400 $22,820
2022 $957 $19,330 $3,400 $15,930
2021 $1,005 $19,330 $3,400 $15,930
2020 $1,015 $19,330 $3,400 $15,930
2019 $986 $17,890 $3,400 $14,490
2018 $983 $17,890 $3,400 $14,490
2017 $978 $17,890 $3,400 $14,490
2016 $966 $17,540 $3,400 $14,140
2015 $955 $17,540 $3,400 $14,140
2014 $958 $17,540 $3,400 $14,140
2013 $1,008 $19,470 $3,400 $16,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4206463

MLS Now

APN: 25-256700