NOT LISTED FOR SALE

294 Madison Ave Unit 296 Akron, OH 44320

West Akron Neighborhood

Estimated Value: $99,000 - $145,946

4 Beds
3 Baths
2,095 Sq Ft
$59/Sq Ft Est. Value

Last Sold February 07, 2024

Last sale price $119,000 $57 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $819/month

5 Days on Market

About This Home

As of February 2024

Unmissable Opportunity in Akron! This competitively priced triplex presents an outstanding investment prospect for savvy buyers. Whether you're looking to live in one unit and generate income from the others or secure a cash-flowing property, this triplex is the perfect choice. Strategically positioned in a sought-after location, the property is priced attractively, providing an excellent chance to acquire a triplex with remarkable rental income potential. Act now to make the most of this fantastic opportunity in the thriving Akron real estate market!

Last Agent to Sell the Property

Katie McNeill

Platinum Real Estate License #2015004383 Listed on: 01/08/2024

Platinum Real Estate

Co-Listed By

David Sladewski

Platinum Real Estate License #2021008797

Last Buyer's Agent

Eli Mongold

Deleted Agent License #2020005258

Deleted Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 1925

Lot Details

  • 6,251

Parking

  • Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,095 Sq Ft Home
  • 3-Story Property
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 6,251 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Crestland Park Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 6738343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,226

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1925
  • Co List Office Mls Id: 9086
  • Co List Office Phone: 888-974-7253
  • Subdivision Name: Crestland Park
  • Above Grade Finished Sq Ft: 2095.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Tax Year: 2022
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1435
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Akron CSD - 7701

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6738343
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 1226.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2024
Sold by
Real Coastal Up Fund 1 Property Owner 4
Bought by
Real Coastal Up Fund 1 Property Owner 4 Llc
Current Estimated Value
$124,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,974,705
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,858,976

Purchase Details

Listed on
Jan 8, 2024
Closed on
Feb 6, 2024
Sold by
Oh Rentals 486 Llc
Bought by
Real Coastal Up Fund 1 Prop Ow
Seller's Agent
Katie McNeill
Platinum Real Estate
Buyer's Agent
Eli Mongold
Deleted Agent
List Price
$149,000
Sold Price
$119,000
Premium/Discount to List
-$30,000
-20.13%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.76%

Purchase Details

Closed on
May 9, 2022
Sold by
Vivid Rentals Llc
Bought by
Oh Rentals 486 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2010
Sold by
Neal Rae and Jackson Bobby
Bought by
The Earlaen Limited Partnership

Purchase Details

Closed on
Sep 8, 2000
Sold by
Jackson Bobby L
Bought by
Neal Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
8.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2000
Sold by
Sims James R
Bought by
Jackson Bobby L

Purchase Details

Closed on
Nov 4, 1996
Sold by
Carter Edwin F
Bought by
Sims James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,100
Interest Rate
8.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Real Coastal Up Fund 1 Property Owner 4 Llc -- None Listed On Document
Real Coastal Up Fund 1 Prop Ow $119,000 None Listed On Document
Oh Rentals 486 Llc $118,000 Alina Law Llc
Vivid Rentals Llc $60,000 Alina Law Llc
The Earlaen Limited Partnership -- None Available
Neal Rae $89,000 First Service Title Agency I
Jackson Bobby L $63,685 --
Sims James R $37,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Real Coastal Up Fund 1 Property Owner 4 Llc $3,000,000
Previous Owner Oh Rentals 486 Llc $80,250
Previous Owner Neal Rae $71,200
Previous Owner Sims James R $37,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2024 02/07/24 Sold $119,000 -20.1% $57 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $149,000 -- $71 / 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
2025 $1,727 $25,288 $5,467 $19,821
2024 $1,727 $25,288 $5,467 $19,821
2023 $1,727 $25,288 $5,467 $19,821
2022 $1,226 $14,876 $3,217 $11,659
2021 $1,227 $14,876 $3,217 $11,659
2020 $1,212 $14,880 $3,220 $11,660
2019 $1,311 $16,550 $5,980 $10,570
2018 $1,294 $16,550 $5,980 $10,570
2017 $1,314 $16,550 $5,980 $10,570
2016 $1,315 $16,550 $5,980 $10,570
2015 $1,314 $16,550 $5,980 $10,570
2014 $1,304 $16,550 $5,980 $10,570
2013 $1,457 $19,070 $5,980 $13,090
Source: Public Records

Agents Affiliated with this Home

  • Katie McNeill

    Seller's Agent in 2024

    Katie McNeill

    Platinum Real Estate

    (440) 796-5506

    1 in this area

    853 Total Sales

    Katie McNeill
    Section Image
  • David Sladewski

    Seller Co-Listing Agent in 2024

    David Sladewski

    Platinum Real Estate

    (888) 974-7253

    1 in this area

    109 Total Sales

    David Sladewski
    Section Image

  • E

    Buyer's Agent in 2024

    Eli Mongold

    Deleted Agent

    Section Image
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Map

Source: MLS Now

MLS Number: 5009153

MLS Now

APN: 67-38343

Ohio Summit County Akron 44320 West Akron

294 Madison Ave Unit 296, Akron, OH

This home is located at 294 Madison Ave Unit 296, Akron, OH 44320 since 08 January 2024 and is currently estimated at $124,237, approximately $59 per square foot. This property was built in 1925. 294 Madison Ave Unit 296 is a home located in Summit County with nearby schools including Summit Academy School, Our Lady Of The Elms Elementary School, and Julie Billiart School Akron.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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