NOT LISTED FOR SALE

1640 Hobart Ave Unit 1642 Akron, OH 44306

Ellet Neighborhood

Estimated Value: $125,000 - $160,000

4 Beds
2 Baths
1,380 Sq Ft
$101/Sq Ft Est. Value

Last Sold November 29, 2022

Last sale price $125,500 $91 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $971/month

126 Days on Market

Highlights

  • Forced Air Heating System
  • North Facing Home
  • 1-Story Property

About This Home

As of November 2022

ATTENTION INVESTORS! Don’t miss the opportunity to own this desirable Akron duplex. Solid rental history with cap rate over 10%. Great for an OWNER-OCCUPIED property as well. Live in one unit, let the rent from the other unit help pay your mortgage. A great stepping stone for anyone looking to invest in real estate and take advantage of tax benefits that you wouldn’t have on a single-family home. Each unit has two bedrooms, full bath and full basement with laundry hook-ups. Updates include new windows (both units), new hot water tanks (both units), and new furnace (one unit). Nicely shaded backyard, quiet neighborhood on dead-end street. Off-street parking available. Located in desirable area of west Akron

Last Listed By

Joan Elfein

Ohio Broker Direct License #386319 Listed on: 06/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,010

Year Built

  • Built in 1976

Lot Details

  • 7,714 Sq Ft Lot
  • North Facing Home
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • East Park Terrace Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, heating
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 6815071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,010

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: North
  • Price Per Square Foot: 90.94
  • Estimated Price per Sq Ft: 90.94
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1380
  • Year Built: 1976
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Appliances Equipment: Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 1380.00
  • Sq Ft Approx Total Finished: 1380.00

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: East Park Terrace

Schools

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

Lot Info

  • Additional Assessor Parcel Number 1: 68-15072
  • Lot Size Units: Acres
  • Acres: 0.1771
  • Parcel Number: 6815071

Rental Info

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

Multi Family

  • Unit Count: 1
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Nov 28, 2022
Sold by
Provision Carol J Cleckner Generational
Bought by
Rodriguez Rommel Mayer and Juarez Gilda Moreno
Seller's Agent
Joan Elfein
Ohio Broker Direct
Buyer's Agent
Gilda Moreno
Howard Hanna
List Price
$134,900
Sold Price
$125,500
Premium/Discount to List
-$9,400
-6.97%
Total Days on Market
126
Views
42
Current Estimated Value
$139,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,424
Avg. Annual Appreciation
4.52%
Original Mortgage
$94,125
Outstanding Balance
$91,820
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$48,104

Purchase Details

Closed on
Dec 7, 2016
Sold by
Cleckner Carol Hean
Bought by
Cleckner Cynthia S and The Carol J Cleckner Generational Provis

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
Rodriguez Rommel Mayer $125,500 --
Cleckner Cynthia S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Rommel Mayer $94,125
Previous Owner Cleckner Wayne E $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2022 11/29/22 Sold $125,500 -7.0% $91 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $134,900 0.0% $98 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $134,900 -- $98 / 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 $2,337 $43,705 $7,210 $36,495
2024 $2,337 $43,705 $7,210 $36,495
2023 $2,337 $43,705 $7,210 $36,495
2022 $1,770 $25,862 $4,267 $21,595
2021 $1,772 $25,862 $4,267 $21,595
2020 $1,745 $25,870 $4,270 $21,600
2019 $1,539 $20,660 $4,270 $16,390
2018 $1,519 $20,660 $4,270 $16,390
2017 $1,543 $20,660 $4,270 $16,390
2016 $1,544 $20,660 $4,270 $16,390
2015 $1,543 $20,660 $4,270 $16,390
2014 $1,531 $20,660 $4,270 $16,390
2013 $1,568 $21,630 $4,270 $17,360
Source: Public Records

Agents Affiliated with this Home

  • Joan Elfein

    Seller's Agent in 2022

    Joan Elfein

    Ohio Broker Direct

    (614) 989-7215

    3 in this area

    1,705 Total Sales

    Joan Elfein
    Section Image
  • Gilda Moreno

    Buyer's Agent in 2022

    Gilda Moreno

    Howard Hanna

    (346) 221-7655

    1 in this area

    32 Total Sales

    Gilda Moreno
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4384023

MLS Now

APN: 68-15071

Ohio Summit County Akron 44306 Ellet

1640 Hobart Ave Unit 1642, Akron, OH

Homes for Sale in Akron, OH

This home is located at 1640 Hobart Ave Unit 1642, Akron, OH 44306 since 20 June 2022 and is currently estimated at $139,924, approximately $101 per square foot. This property was built in 1976. 1640 Hobart Ave Unit 1642 is a home located in Summit County with nearby schools including Ellet High School, Akron Preparatory 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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