$135,000
SOLD FEB 20, 2025

196 E Prospect St Painesville, OH 44077

4 Beds
2 Baths
1,248 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

8% Above List Price

7 Days on Market

About This Home

As of February 2025

Large Remodeled Upstairs Apartment with Sun Porch! 2 bedrooms, 1 bath. New vinyl plank flooring throughout main living areas and bedrooms. Kitchen features new cabinets, countertop, sink, and faucet, and is large enough to fit a dining room table. Bathroom has been updated with a new floor, vanity, faucet, and toilet. Two small bedrooms, a cozy living room, and a large three-season room complete the space. Freshly painted throughout. Downstairs unit has had a long term tenant in the property with minimal updates. Both tenants would like to stay. Home Warranty included for peace of mind. Great investment!

Last Agent to Sell the Property

Joseph Zingales

Berkshire Hathaway HomeServices Professional Realty Brokerage Email: josephzingales@gmail.com 440-346-2031 License #2013000048 Listed on: 01/17/2025

Berkshire Hathaway HomeServices Professional Realty

Co-Listed By

Dianna Turk

Inactive Agent Brokerage Email: josephzingales@gmail.com 440-346-2031 License #2013000271

Last Buyer's Agent

Amy Allen

Keller Williams Greater Cleveland Northeast License #2019005418

Keller Williams Greater Cleveland Northeast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tenant pays for electricity, gas, trash collection
  • The owner pays for sewer, water
  • Assessor Parcel Number 15-D-004-0-00-043-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1920
  • Attribution Contact: josephzingales@gmail.com 440-346-2031
  • Co List Office Phone: 440-296-5006
  • Above Grade Finished Sq Ft: 1248.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half, Two
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.12
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent, Principal is Real Estate Licensed
  • Home Warranty: Yes
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Painesville City LSD - 4305

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 15-D-004-0-00-043-0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 17100.0

Tax Info

  • Tax Annual Amount: 1761.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Feb 20, 2025
Sold by
Equity Real Estate Holdings Llc
Bought by
Pacheco Jessica Cruz
Seller's Agent
Joseph Zingales
Berkshire Hathaway HomeServices Professional Realty
Buyer's Agent
Amy Allen
Keller Williams Greater Cleveland Northeast
List Price
$125,000
Sold Price
$135,000
Premium/Discount to List
$10,000
8%
Views
43
Current Estimated Value
$138,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,752
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
May 26, 2022
Sold by
Aruta Properties Limited Partnership
Bought by
Equity Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 1992
Bought by
Aruta Frank
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 Title Professionals Group
Warranty Deed $400,000 Cannon & Aveni Co Lpa
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2025 02/20/25 Sold $135,000 +8.0% $108 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/17/2025 01/17/25 For Sale $125,000 -- $100 / 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 -- $34,550 $5,760 $28,790
2024 $1,579 $34,550 $5,760 $28,790
2023 $1,579 $21,210 $4,740 $16,470
2022 $1,590 $21,210 $4,740 $16,470
2021 $1,380 $21,210 $4,740 $16,470
2020 $1,983 $17,680 $3,950 $13,730
2019 $1,330 $17,680 $3,950 $13,730
2018 $1,370 $19,210 $2,370 $16,840
2017 $1,454 $19,210 $2,370 $16,840
2016 $1,447 $19,210 $2,370 $16,840
2015 $1,360 $19,210 $2,370 $16,840
2014 $1,357 $19,210 $2,370 $16,840
2013 $1,351 $19,210 $2,370 $16,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5095158

MLS Now

APN: 15-D-004-0-00-043-0