NOT LISTED FOR SALE

2925 Arcadia Rd Akron, OH 44312

Estimated Value: $68,000 - $106,852

2 Beds
2 Baths
720 Sq Ft
$113/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $60,000 $83 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $501/month

25 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • 1-Story Property
  • 2 Car Detached Garage
  • South Facing Home

About This Home

As of March 2023

Attention Investors..!!
2 Cottages on the same Parcel - both currently rented out.
NEWLY Connected to PUBLIC WATER..!
New Hot Water Tank in 1 Cottage.

Last Agent to Sell the Property

Sean Cemm

EXP Realty, LLC. License #2015001829 Listed on: 01/14/2023

EXP Realty, LLC.

Last Buyer's Agent

Sean Cemm

EXP Realty, LLC. License #2015001829 Listed on: 01/14/2023

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.37 Acre Lot
  • South Facing Home
  • Unpaved Streets

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 5107121

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Lakeview Farms Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • House Faces: South
  • Price Per Square Foot: 83.33
  • Estimated Price per Sq Ft: 83.33
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 720
  • Year Built: 1950
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Approx Above Grade Finished: 720.00
  • Sq Ft Approx Total Finished: 720.00

Exterior Features

  • View: City View
  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: None
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Lakeview Farms

Schools

  • School District: Springfield LSD

Lot Info

  • Lot Description: City Lot
  • Lot Size Units: Acres
  • Acres: 0.3719
  • Parcel Number: 5107121

Multi Family

  • Unit Count: 2
  • Gross Income: 850.00
  • Num Of Buildings: 2
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1650

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2024
Sold by
Greater Ebidta Properties Llc
Bought by
Greater Northeast Ohio Inv Llc
Current Estimated Value
$81,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Outstanding Balance
$127,635
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
-$46,422

Purchase Details

Closed on
Jan 2, 2024
Sold by
Greater Northeast Ohio Investments Llc
Bought by
Greater Ebidta Properties Llc

Purchase Details

Listed on
Jan 14, 2023
Closed on
Mar 14, 2023
Sold by
Standel Dustin S
Bought by
Greater Northeast Ohio Investments Llc
Seller's Agent
Sean Cemm
EXP Realty, LLC.
Buyer's Agent
Sean Cemm
EXP Realty, LLC.
List Price
$89,500
Sold Price
$60,000
Premium/Discount to List
-$29,500
-32.96%
Views
178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.21%
Original Mortgage
$78,000
Interest Rate
6.09%
Mortgage Type
New Conventional
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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Purchase History

Date Buyer Sale Price Title Company
Greater Northeast Ohio Inv Llc -- None Listed On Document
Greater Ebidta Properties Llc -- None Listed On Document
Greater Northeast Ohio Investments Llc $60,000 Ohio Real Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greater Northeast Ohio Inv Llc $129,500
Previous Owner Greater Northeast Ohio Investments Llc $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold $60,000 -33.0% $83 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/14/2023 01/14/23 For Sale $89,500 -- $124 / 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 $2,848 $32,036 $9,261 $22,775
2023 $2,848 $32,036 $9,261 $22,775
2022 $1,783 $24,088 $6,962 $17,126
2021 $1,651 $24,088 $6,962 $17,126
2020 $1,729 $24,090 $6,960 $17,130
2019 $1,475 $18,580 $5,460 $13,120
2018 $1,426 $18,580 $5,460 $13,120
2017 $1,401 $18,580 $5,460 $13,120
2016 $1,412 $18,210 $5,460 $12,750
2015 $1,401 $18,210 $5,460 $12,750
2014 $1,386 $18,210 $5,460 $12,750
2013 $1,391 $18,210 $5,460 $12,750
Source: Public Records

Agents Affiliated with this Home

  • Sean Cemm

    Seller's Agent in 2023

    Sean Cemm

    EXP Realty, LLC.

    (330) 645-7280

    110 Total Sales

    Sean Cemm
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Map

Source: MLS Now

MLS Number: 4432425

MLS Now

APN: 51-07121

Ohio Summit County Akron 44312

2925 Arcadia Rd, Akron, OH

Not Listed for Sale

MultiFamily

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