NOT LISTED FOR SALE

2545 Meloy Rd Kent, OH 44240

Estimated Value: $327,000 - $386,000

9 Beds
4 Baths
4,216 Sq Ft
$84/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $315,000 $75 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,297/month

31 Days on Market

Highlights

  • 2.84 Acre Lot
  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 1 Car Detached Garage
  • Water Softener
  • North Facing Home

About This Home

As of May 2022

Agent Owned. Strategically located between KSU and NEOMED. Private and well maintained huge Duplex. Large yards in front and rear. Shared firepit and deck in front. Separate patios plus main entrance concrete pad. Parking for 12+ cars. Ranch portion (2545) consists of 4 bedrooms, 2 baths plus tandem bonus room. Lots of closets and built ins. Two story plus partially finished basement (2545A) consists of 5 bedrooms, 2 baths (1 on 2nd floor and partial on main with separate shower room) plus large sunken living room and sun room. A/C
20 x 20 garage has been used for landlord use. Fully leased through July, 2022. Auditor residential page states 3,266 total sq. footage, however the auditor's sketch equals 3,666. Owner measurements of finished basement square footage is estimated.
Great income potential as there is room for increased rents. There will not be a sign at the road.

Last Agent to Sell the Property

Shirley Chimento

Cutler Real Estate License #309017 Listed on: 10/12/2021

Cutler Real Estate

Last Buyer's Agent

Carol Foote

Deleted Agent License #2006005436

Deleted Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,778

Year Built

  • Built in 1950

Lot Details

  • 2.84 Acre Lot
  • North Facing Home
  • Unpaved Streets

Parking

  • 1 Car Detached Garage

Home Design

  • Asphalt Roof
  • Stucco
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Well
  • Water Softener
  • Septic Tank

Community Details

  • 2 Units
  • Brimfield Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric
  • The owner pays for trash collection
  • Assessor Parcel Number 04-009-00-00-014-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,778

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: North
  • Price Per Square Foot: 85.92
  • Estimated Price per Sq Ft: 85.92
  • Year Built Exception: Not Verifiable
  • Total Sq Ft: 3666
  • Year Built: 1950
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Appliances Equipment: Dishwasher, Range, Refrigerator, Smoke Detector, Water Softener
  • Total Bedrooms: 9
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Crawl, Partial, Partially Finished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 3666.00
  • Sq Ft Approx Below Grade Finished: 550.00
  • Sq Ft Approx Total Finished: 4216.00

Exterior Features

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

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached, Electric
  • Garage Num Of Cars: 1

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Central Air
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Well, Septic

Condo/Co-op/Association

  • Subdivision Complex: Brimfield

Schools

  • School District: Field LSD

Lot Info

  • Additional Assessor Parcel Number 1: 04-009-00-00-014-003
  • Additional Assessor Parcel Number 2: 04-009-00-00-014-004
  • Additional Assessor Parcel Number 3: 32-043-00-00-002-001
  • Additional Assessor Parcel Number 4: 32-043-00-00-002-002
  • Lot Size Units: Acres
  • Acres: 2.8400
  • Parcel Number: 04-009-00-00-014-001

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Cable/Electric Link, Electric

Multi Family

  • Unit Count: 2
  • Gross Income: 36000.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 4778

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
May 24, 2022
Sold by
Chimento Carl R and Chimento Shirley A
Bought by
Gontero Tyler
Seller's Agent
Shirley Chimento
Cutler Real Estate
Buyer's Agent
Carol Foote
Deleted Agent
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$354,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,453
Avg. Annual Appreciation
3.52%
Original Mortgage
$309,294
Outstanding Balance
$293,823
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$60,630

Purchase Details

Closed on
Jun 5, 2003
Sold by
Youngblood Richard A and Youngblood Tammy L
Bought by
Chimento Carl R and Chimento Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Gontero Tyler -- None Listed On Document
Chimento Carl R $230,000 Approved Statewide Title Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gontero Tyler $309,294
Previous Owner Chimento Carl R $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $315,000 -3.1% $75 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $325,000 -- $77 / 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 $5,257 $109,870 $16,940 $92,930
2023 $5,168 $86,980 $10,610 $76,370
2022 $5,295 $86,980 $10,610 $76,370
2021 $5,156 $86,980 $10,610 $76,370
2020 $4,431 $67,590 $10,610 $56,980
2019 $4,382 $67,590 $10,610 $56,980
2018 $3,256 $58,350 $11,340 $47,010
2017 $3,256 $58,350 $11,340 $47,010
2016 $3,208 $58,350 $11,340 $47,010
2015 $3,155 $58,350 $11,340 $47,010
2014 $3,066 $58,350 $11,340 $47,010
2013 $2,998 $58,350 $11,340 $47,010
Source: Public Records

Agents Affiliated with this Home

  • Shirley Chimento

    Seller's Agent in 2022

    Shirley Chimento

    Cutler Real Estate

    (330) 612-4057

    2 in this area

    8 Total Sales

    Shirley Chimento
    Section Image

  • C

    Buyer's Agent in 2022

    Carol Foote

    Deleted Agent

    Section Image
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Map

Source: MLS Now

MLS Number: 4323983

MLS Now

APN: 04-009-00-00-014-001

Ohio Portage County Kent 44240

2545 Meloy Rd, Kent, OH

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