NOT LISTED FOR SALE

1572 Faye Rd Unit 1574 Akron, OH 44306

Ellet Neighborhood

Estimated Value: $237,000 - $277,363

2 Beds
2 Baths
1,920 Sq Ft
$136/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $179,000 $93 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,726/month

3 Days on Market

Highlights

  • 0.45 Acre Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • 4 Car Attached Garage

About This Home

As of March 2021

Congratulations you have just found your next investment opportunity! This large duplex boasts a newer roof, siding, water tanks, 2 car garages with openers per unit, some wood & vinyl flooring, spacious eat in kitchen with abundance of cabinets, soring wooden cathedral ceilings with skylights & sliding glass doors leading out to great decks. Both units have laundry/utility rooms in lower level & storage sheds located in large private back yard.
Unit #72 has newer central air, 1 full bath on main & one full bath on lower level next to the rec room.
Unit #74 has a fully applianced kitchen & updated bath. Additional closet space in lower level of this unit would allow the large bonus room to be used as an additional bedroom.
Long term tenant history with both tenants expressing interest in remaining. Seller currently pays water, sewer & trash approximately $175.00 monthly.
Current monthly rents are $705.00 & $735.00

Last Agent to Sell the Property

Chris Hanlon

RE/MAX Edge Realty License #406972 Listed on: 02/10/2021

RE/MAX Edge Realty

Last Buyer's Agent

Larry Triola

Howard Hanna License #293778

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,507

Year Built

  • Built in 1988

Lot Details

  • 0.45 Acre Lot
  • Street terminates at a dead end

Parking

  • 4 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Buildings
  • 2 Units
  • Richland Gardens Community

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 6852153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,507

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 117.76
  • Estimated Price per Sq Ft: 117.76
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1520
  • Year Built: 1988
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1988

Interior Features

  • Appliances Equipment: Dishwasher, Wall Oven, Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Finished
  • Sq Ft Approx Above Grade Finished: 1520.00
  • Sq Ft Approx Below Grade Finished: 400.00
  • Sq Ft Approx Total Finished: 1920.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Attached
  • Garage Num Of Cars: 4

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Richland Gardens

Schools

  • School District: Akron CSD
  • School District: Akron CSD

Lot Info

  • Lot Description: Dead End Street
  • Lot Size Units: Acres
  • Acres: 0.4500
  • Parcel Number: 6852153

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 2
  • Number of Units: 2

Tax Info

  • Tax: 3507

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Gamble Justin T
Bought by
Constantine Tave and Slama Hattie
Current Estimated Value
$260,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,300
Outstanding Balance
$240,677
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$18,125

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 4, 2021
Sold by
Leifheit Rodney W and Leifheit Joyce J
Bought by
Gamble Justin T
Seller's Agent
Chris Hanlon
RE/MAX Edge Realty
Buyer's Agent
Larry Triola
Howard Hanna
List Price
$174,900
Sold Price
$179,000
Premium/Discount to List
$4,100
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%

Purchase Details

Closed on
Feb 28, 2019
Sold by
Leifheit Rodney W and Leifheit Joyce J
Bought by
Leifheit Rodney W and Leifheit Joyce J

Purchase Details

Closed on
Oct 17, 2008
Sold by
Funk Mary B and Funk John E
Bought by
Funk Mary B and Leifheit Joyce J

Purchase Details

Closed on
Sep 3, 1997
Sold by
Rosser Marline
Bought by
Funk Mary B and Funk John
Source: Public Records

Range of Values:

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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
Constantine Tave $254,000 None Listed On Document
Gamble Justin T $179,000 None Available
Leifheit Rodney W -- None Available
Funk Mary B $58,672 First Security Title Corpora
Funk Mary B $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Constantine Tave $241,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $179,000 +2.3% $93 / Sq Ft
02/13/2021 02/13/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $174,900 -- $91 / 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 $4,156 $77,242 $9,902 $67,340
2024 $4,156 $77,242 $9,902 $67,340
2023 $4,156 $77,242 $9,902 $67,340
2022 $3,604 $52,458 $6,692 $45,766
2021 $3,560 $51,755 $6,692 $45,063
2020 $3,507 $51,750 $6,690 $45,060
2019 $3,396 $45,480 $5,720 $39,760
2018 $3,351 $45,480 $5,720 $39,760
2017 $3,405 $45,480 $5,720 $39,760
2016 $3,408 $45,480 $5,720 $39,760
2015 $3,405 $45,480 $5,720 $39,760
2014 $3,378 $45,480 $5,720 $39,760
2013 $3,455 $47,550 $5,720 $41,830
Source: Public Records

Agents Affiliated with this Home

  • Chris Hanlon

    Seller's Agent in 2021

    Chris Hanlon

    RE/MAX

    (330) 495-2950

    2 in this area

    84 Total Sales

    Chris Hanlon
    Section Image
  • Larry Triola

    Buyer's Agent in 2021

    Larry Triola

    Howard Hanna

    (330) 472-4155

    3 in this area

    148 Total Sales

    Larry Triola
    Section Image
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Map

Source: MLS Now

MLS Number: 4255067

MLS Now

APN: 68-52153

Ohio Summit County Akron 44306 Ellet

1572 Faye Rd Unit 1574, Akron, OH

This home is located at 1572 Faye Rd Unit 1574, Akron, OH 44306 since 10 February 2021 and is currently estimated at $260,341, approximately $135 per square foot. This property was built in 1988. 1572 Faye Rd Unit 1574 is a home located in Summit County with nearby schools including Ellet High School, Summit Academy Akron Elementary School, and Eagle Elementary.

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.

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