NOT LISTED FOR SALE

2724 E River Rd Newton Falls, OH 44444

Estimated Value: $297,000 - $324,000

8 Beds
5 Baths
4,080 Sq Ft
$76/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $280,000 $69 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,953/month

28 Days on Market

Highlights

  • 5.29 Acre Lot
  • Forced Air Heating System
  • 3 Car Garage
  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • East Facing Home

About This Home

As of October 2024

Unique investment opportunity on just over 5 acres in Newton Township. This historic home has been converted to a duplex, and there is an additional small home on the property as well. The front portion of the home is a four bedroom, one and a half bath unit, rented for $1000 per month and the rear unit is a two bedroom, one and a half bath currently rented for $850. The ranch home is a two bedroom one bath currently rented for $700. This property and all residences currently have free gas, well water and are serviced by septic. The tenant pays electric. There is a 3 car garage out back and a pond at the front of the property. Both septic systems have passed Trumbull County Health District.

Last Agent to Sell the Property

Angela Javorsky

CENTURY 21 Lakeside Realty Brokerage Email: angelajavorsky@gmail.com 330-233-6588 License #2025001451 Listed on: 07/16/2024

CENTURY 21 Lakeside Realty

Last Buyer's Agent

Chastity King

Deleted Agent License #2018005147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,132

Year Built

  • Built in 1848

Lot Details

  • 5.29 Acre Lot
  • East Facing Home

Parking

  • 3 Car Garage
  • Unpaved Parking

Home Design

  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 4,080 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 51-901551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,132

Year Built

Built in 1848

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1848
  • Attribution Contact: angelajavorsky@gmail.com 330-233-6588
  • ResoSpecialListingConditions: Standard
  • Above Grade Finished Sq Ft: 4080.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Exterior Entry, Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Metal
  • Acres: 5.2893
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: East

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Unpaved

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas, Hot Water, Steam
  • HeatingYN: Yes
  • Water Source: Well

Schools

  • Junior High Dist: Newton Falls EVSD - 7817

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 51-901551
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 2550.0

Tax Info

  • Tax Annual Amount: 4131.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Sep 27, 2024
Sold by
Robert W Clegg Family Trust and Clegg Robert W
Bought by
Dimgba Mentor
Seller's Agent
Angela Javorsky
CENTURY 21 Lakeside Realty
Buyer's Agent
Chastity King
Deleted Agent
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%
Views
223
Current Estimated Value
$308,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,118
Avg. Annual Appreciation
7.89%
Original Mortgage
$210,000
Outstanding Balance
$207,792
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$100,326

Purchase Details

Closed on
Sep 8, 2020
Sold by
Clegg Robert W and Clegg Claudia H
Bought by
Clegg Robert W and Clegg Claudia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Aug 25, 2020
Sold by
Clegg Claudia H and Clegg Robert W
Bought by
Seidner Zachary and Seidner Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4%
Mortgage Type
Land Contract Argmt. Of Sale
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
Dimgba Mentor $280,000 None Listed On Document
Clegg Robert W -- None Available
Seidner Zachary $120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimgba Mentor $210,000
Previous Owner Seidner Zachary $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Sold $280,000 -5.1% $69 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $295,000 +17252.9% $72 / Sq Ft
10/17/2023 10/17/23 Sold $1,700 -99.4% $0 / Sq Ft View Prior Sale
07/24/2023 07/24/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $295,000 -- $72 / 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 $4,105 $95,970 $14,420 $81,550
2023 $4,320 $95,970 $14,420 $81,550
2022 $3,416 $68,680 $11,940 $56,740
2021 $3,796 $68,680 $11,940 $56,740
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5054513

MLS Now

APN: 51-901551