NOT LISTED FOR SALE

204 E Prospect St Painesville, OH 44077

Estimated Value: $103,000 - $160,000

5 Beds
2 Baths
2,558 Sq Ft
$53/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $129,900 $51 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,009/month

12 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating System
  • Laundry Facilities
  • 3 Car Detached Garage

About This Home

As of August 2023

Welcome all investors, spacious two-family home, is fully leased long-term by a family. Currently month to month, but eager to stay.
Recent updates include Furnace ( 2022), and Roof (2022). The downstairs unit features 3 bedrooms, 1 bathroom, a large kitchen, dining,
and a living room. The second-floor unit features 2 bedrooms, 1 bath, a large eat-in kitchen, and a living room. Each unit has its own
separate furnaces, hot water tanks, gas meters, and electrical boxes. The shared laundry is located in the basement. All utilities and
appliances are the responsibility of the tenants.

Last Agent to Sell the Property

Denise Zervos

Platinum Real Estate License #434229 Listed on: 06/23/2023

Platinum Real Estate

Co-Listed By

Timothy Gufreda

Platinum Real Estate License #2015000333

Last Buyer's Agent

Wendy Kunash

Platinum Real Estate License #2006004440

Platinum Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,794

Year Built

  • Built in 1910

Lot Details

  • 8,442 Sq Ft Lot
  • Unpaved Streets
  • Wooded Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, heating, sewer, water
  • The owner pays for trash collection
  • Assessor Parcel Number 15-D-004-0-00-042-0

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • W Barnes Surv Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,794

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 58.51
  • Estimated Price per Sq Ft: 58.51
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2220
  • Year Built: 1910
  • Court Ordered Y N: No
  • Attribution Contact: Zervos@ContactPlatinum.com (216) 440-9089
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Partially Finished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 2220.00
  • Sq Ft Approx Below Grade Finished: 338.00
  • Sq Ft Approx Total Finished: 2558.00

Exterior Features

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

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 3

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: W Barnes Surv

Schools

  • School District: Painesville City LSD

Lot Info

  • Lot Description: Wooded/Treed
  • Lot Size Units: Acres
  • Acres: 0.1938
  • Parcel Number: 15-D-004-0-00-042-0

Rental Info

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

Multi Family

  • Unit Count: 2
  • Gross Income: 1100.00
  • Num Of Buildings: 2
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 1794

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Aug 23, 2023
Sold by
Michaelis Matthew I
Bought by
Lorenzo Nicole and Luna Arturo H
Seller's Agent
Denise Zervos
Platinum Real Estate
Buyer's Agent
Wendy Kunash
Platinum Real Estate
List Price
$129,900
Sold Price
$129,900
Views
78
Current Estimated Value
$136,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,714
Avg. Annual Appreciation
2.19%
Original Mortgage
$101,400
Outstanding Balance
$99,153
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$37,461

Purchase Details

Closed on
Mar 24, 2021
Sold by
Melvin Jackie H and Melvin Laura
Bought by
Michaelis Matthew I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 1999
Sold by
Melvin Barbara S
Bought by
Melvin Jackie H

Purchase Details

Closed on
Aug 31, 1977
Bought by
Melvin Jackie H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lorenzo Nicole -- Chicago Title
Michaelis Matthew I -- Patriot Title
Melvin Jackie H -- Progressive Land Title Compa
Melvin Jackie H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorenzo Nicole $101,400
Previous Owner Michaelis Matthew I $49,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $129,900 0.0% $51 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $129,900 -- $51 / 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 -- $38,370 $8,160 $30,210
2023 $3,520 $28,420 $6,720 $21,700
2022 $1,794 $28,420 $6,720 $21,700
2021 $1,820 $28,420 $6,720 $21,700
2020 $1,737 $23,680 $5,600 $18,080
2019 $1,752 $23,680 $5,600 $18,080
2018 $1,695 $17,500 $5,630 $11,870
2017 $1,332 $17,500 $5,630 $11,870
2016 $1,325 $17,500 $5,630 $11,870
2015 $1,239 $17,500 $5,630 $11,870
2014 $2,187 $30,970 $5,630 $25,340
2013 $2,179 $30,970 $5,630 $25,340
Source: Public Records

Agents Affiliated with this Home

  • Denise Zervos

    Seller's Agent in 2023

    Denise Zervos

    Platinum Real Estate

    (239) 264-1100

    18 in this area

    233 Total Sales

    Denise Zervos
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Timothy Gufreda

    Platinum Real Estate

    (440) 417-4115

    5 in this area

    48 Total Sales

    Timothy Gufreda
    Section Image
  • Wendy Kunash

    Buyer's Agent in 2023

    Wendy Kunash

    Platinum Real Estate

    (440) 231-8530

    22 in this area

    156 Total Sales

    Wendy Kunash
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4469212

MLS Now

APN: 15-D-004-0-00-042

Ohio Lake County Painesville 44077

204 E Prospect St, Painesville, OH

Not Listed for Sale

MultiFamily

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