NOT LISTED FOR SALE
6 Beds
4 Baths
2,744 Sq Ft
5,401 Sq Ft Lot

Sale Details

Date Sold: May 14, 2021

Last sale price $148,000 $54 Per Sq Ft

8 Days on Market

About This Home

As of May 2021

2 two bdrm units and 2 one bdrm units. The current owner’s family has owned these units for 33+ years. They need some upgrading but are extremely solid overall. 4 separate gas meters, 3 separate electric meters.

Owner paid Utilities: water and sewer, trash (see averages below).
Resident paid utilities: electric, gas, cable / internet. (1 bdrm. Units share an electric meter see below).

Rental Income – As of March 2021:


Unit 1: 2 bdrm. $625 (market rent is $675-$695).
Unit 2: 2 bdrm. $525 (market rent $575-$650).
Unit 3: Efficiency. $325 (market rent is $375-$400).
Unit 4: 1 bdrm. $500.00 (market rent $550-$595).
$1,975 Total current rent 4 units (market value rents could be $2,175-$2,340).
**several current residents are family members of owner, rents could be higher.

Expenses:
$ 145.66 Average monthly expense of last 3 city of Akron Water / Sewer bills for all 4 units (owner paid).
$ 3,401.00 4-unit annual taxes paid through mortgage in 2020 (2019 tax year).
$ 787.00 Annual Insurance paid.
$ 60.00 Average monthly electric for units 3 and 4 (owner paid).

These units are a great opportunity for an investor looking to add to their portfolio. If current owner does not get a reasonable price, he will keep them long term.

Last Agent to Sell the Property

Greg Lehrer

Carriage Group Realty License #2006007059 Listed on: 03/25/2021

Last Buyer's Agent

Tim Damiano

Real of Ohio License #2007000234

Real of Ohio
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,401

Year Built

  • Built in 1931

Lot Details

  • 5,401 Sq Ft Lot
  • West Facing Home
  • Unpaved Streets

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • V A Spade Allotment 03 Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 6845729

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,401

Year Built

Built in 1931

Lot Details

5,401 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: West
  • Price Per Square Foot: 64.52
  • Estimated Price per Sq Ft: 64.52
  • Year Built Exception: Not Verifiable
  • Num Of Stories: 2.00
  • Total Sq Ft: 2294
  • Year Built: 1931
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1931

Interior Features

  • Appliances Equipment: Range, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Full
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2294.00
  • Sq Ft Approx Below Grade Finished: 450.00
  • Sq Ft Approx Total Finished: 2744.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Fireplace, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: V A Spade Allotment 03

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1240
  • Parcel Number: 6845729

Rental Info

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

Multi Family

  • Unit Count: 3
  • Num Of Buildings: 1
  • Number of Units: 4

Tax Info

  • Tax: 3401

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

Closed on
Jul 30, 2024
Sold by
Bought by

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 13, 2021
Sold by
Bought by
Seller's Agent
Greg Lehrer
Carriage Group Realty
Buyer's Agent
Tim Damiano
Real of Ohio
List Price
$149,700
Sold Price
$148,000
Premium/Discount to List
-$1,700
-1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.21%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
$148,000 American
$85,000 Wigley Title Agency 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
Previous Owner $111,000
Previous Owner $25,950
Previous Owner $91,000
Previous Owner $17,000
Previous Owner $68,000
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
05/14/2021 05/14/21 Sold $148,000 -1.1% $54 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $149,700 -- $55 / 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
2026 $4,036 $51,702 $5,670 $46,032
2024 $3,121 $34,475 $5,670 $28,805
2023 $3,121 $34,475 $5,670 $28,805
2022 $3,128 $34,475 $5,670 $28,805
2021 $3,132 $34,475 $5,670 $28,805
2020 $3,094 $34,480 $5,670 $28,810
2019 $3,401 $34,650 $3,590 $31,060
2018 $3,383 $34,650 $3,590 $31,060
2017 $3,332 $34,650 $3,590 $31,060
2016 $3,304 $34,840 $3,780 $31,060
2015 $3,332 $34,840 $3,780 $31,060
2014 $3,291 $34,840 $3,780 $31,060
2013 $2,139 $21,270 $3,210 $18,060
Source: Public Records

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Map

Source: MLS Now

MLS Number: 4265190

MLS Now

APN: 68-45729

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