NOT LISTED FOR SALE

227 King St Ravenna, OH 44266

Estimated Value: $126,607 - $170,000

5 Beds
3 Baths
2,224 Sq Ft
$63/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $130,000 $58 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $853/month

64 Days on Market

About This Home

As of May 2024

Welcome to this investment opportunity in the heart of Ravenna! This is a 3-unit, two-story triplex and fully occupied that will provide immediate income for the purchasing investor. Conveniently located in Ravenna, close to amenities, schools, and transportation. First floor has 1 bedroom and 2 bedroom units and the 2nd floor has a recently updated 2 bedroom. Contact us today to schedule a viewing and discuss the potential of this exciting investment! Note: Auditor Site shows 3 bedrooms total. Correct bedroom count is 5. Unit 1 and 3 have two bedrooms and Unit 2 has one.

Last Agent to Sell the Property

Nick Billock

LPT Realty Brokerage Email: nickbillockrealtor@gmail.com 330-281-1758 License #2021005350 Listed on: 01/22/2024

Co-Listed By

Mike McClure

EXP Realty, LLC. Brokerage Email: nickbillockrealtor@gmail.com 330-281-1758 License #2005004468

Last Buyer's Agent

Janet Dauber

EXP Realty, LLC. License #2017003473

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,229

Year Built

  • Built in 1890

Lot Details

  • 0.28 Acre Lot
  • West Facing Home

Parking

  • Gravel Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,224 Sq Ft Home
  • 2-Story Property
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable TV, insurance, internet, telephone
  • The owner pays for all utilities
  • Assessor Parcel Number 31-361-14-00-111-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,229

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1890
  • Attribution Contact: nickbillockrealtor@gmail.com 330-281-1758
  • Co List Office Phone: 866-212-4991
  • Above Grade Finished Sq Ft: 2224.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Walk-Out Access
  • Basement: Yes
  • Appliances: Range
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt, Fiberglass
  • Acres: 0.275
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Direction Faces: West

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

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

Schools

  • Junior High Dist: Ravenna CSD - 6706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 31-361-14-00-111-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities
  • Tenant Pays: Cable TV, Insurance, Internet, Telephone

Tax Info

  • Tax Annual Amount: 1229.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2025
Sold by
Al-Smadi Fadi M and Yassin Huda
Bought by
Al-Smadi Fadi M and Yassin Huda
Current Estimated Value
$139,152

Purchase Details

Listed on
Jan 22, 2024
Closed on
Apr 19, 2024
Sold by
Morrison Susan L
Bought by
Al-Smadi Fadi M
Seller's Agent
Nick Billock
LPT Realty
Buyer's Agent
Janet Dauber
EXP Realty, LLC.
List Price
$154,900
Sold Price
$130,000
Premium/Discount to List
-$24,900
-16.07%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.03%
Original Mortgage
$104,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1990
Bought by
Morrison John W
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 Buyer Sale Price Title Company
Al-Smadi Fadi M -- None Listed On Document
Al-Smadi Fadi M $123,000 Diamond Title
Morrison John W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Al-Smadi Fadi M $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2024 05/07/24 Sold $130,000 -11.5% $58 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $146,900 -5.2% $66 / Sq Ft
01/22/2024 01/22/24 For Sale $154,900 -- $70 / Sq Ft
Source: MLS Now

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 $1,542 $41,310 $7,810 $33,500
2023 $1,229 $26,960 $7,810 $19,150
2022 $1,230 $26,960 $7,810 $19,150
2021 $1,231 $26,960 $7,810 $19,150
2020 $1,222 $23,770 $7,810 $15,960
2019 $1,224 $23,770 $7,810 $15,960
2017 $1,253 $23,000 $8,470 $14,530
2016 $1,180 $23,000 $8,470 $14,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5011626

MLS Now

APN: 31-361-14-00-111-000