NOT LISTED FOR SALE

295 E Prospect St Painesville, OH 44077

Estimated Value: $176,000 - $187,000

5 Beds
3.5 Baths
2,850 Sq Ft
$63/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $84,000 $29 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,123/month

588 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • South Facing Home
  • 3 Car Direct Access Garage
  • Baseboard Heating
  • Partially Fenced Property

About This Home

As of January 2017

Great Investment Property! Two buildings, three units with three different addresses 293-295-297 Prospect Street. Three car garage. Good income and low expenses with an 14% CAP Rate! Great location near Grand River, Lake Erie and the freeway. America's Preferred Home Warranty included! Great rental property or live in one unit and let the other two tenants pay your mortgage for you! One of the unit just completely renovated and all units are occupied. Great location near Grand River, convenient to colleges, Lake Erie and the freeway. Fantastic opportunity! Motivated seller!

Last Agent to Sell the Property

Joseph Zingales

Berkshire Hathaway HomeServices Professional Realty License #2013000048 Listed on: 06/08/2015

Berkshire Hathaway HomeServices Professional Realty

Co-Listed By

Jose Salerno

Berkshire Hathaway HomeServices Professional Realty License #2014001825

Last Buyer's Agent

Joseph Zingales

Berkshire Hathaway HomeServices Professional Realty License #2013000048 Listed on: 06/08/2015

Berkshire Hathaway HomeServices Professional Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • South Facing Home
  • Partially Fenced Property

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,850 Sq Ft Home
  • 2-Story Property
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 3 Car Direct Access Garage
  • Heated Garage

Location

  • City Lot

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 15-A-013-0-00-034-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • House Faces: South
  • Price Per Square Foot: 29.47
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2850
  • Year Built: 1890
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Detail: Full, Unfinished
  • Living Area Sq Ft: 2850
  • Estimated Total Living Area: 2850
  • Estimated Sq Ft: 2850

Exterior Features

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

Garage/Parking

  • Driveway: Paved
  • Garage Features: Access from Unit, Attached, Heated
  • Garage Num Of Cars: 3

Utilities

  • Heating Fuel: Electric, Gas
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Public Water, Public Sewer

Fee Information

  • Op Expenses: 4400.00

Schools

  • School District: Painesville City LSD

Lot Info

  • Lot Description: City Lot
  • Lot Size Units: Acres
  • Acres: 0.1200
  • Parcel Number: 15-A-013-0-00-034-0

Multi Family

  • Unit Count: 3
  • Gross Income: 17400.00
  • Net Income: 13000.00
  • Num Of Buildings: 2
  • Number of Units: 3
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2711

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2015
Closed on
Jan 27, 2017
Sold by
Bender Gerald T
Bought by
Heddesbmer Elba Gisella
Seller's Agent
Joseph Zingales
Berkshire Hathaway HomeServices Professional Realty
Buyer's Agent
Joseph Zingales
Berkshire Hathaway HomeServices Professional Realty
List Price
$100,000
Sold Price
$84,000
Premium/Discount to List
-$16,000
-16%
Current Estimated Value
$180,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,276
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Jan 25, 1994
Bought by
Bender Gerald T
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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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
Heddesbmer Elba Gisella $84,000 Lawyers Title Of Chardon
Bender Gerald T $110,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $84,000 -16.0% $29 / Sq Ft
01/16/2017 01/16/17 Pending -- -- --
06/08/2015 06/08/15 For Sale $100,000 -- $35 / 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 -- $51,590 $5,810 $45,780
2024 -- $51,590 $5,810 $45,780
2023 $4,333 $34,990 $4,780 $30,210
2022 $2,222 $34,990 $4,780 $30,210
2021 $2,222 $34,990 $4,780 $30,210
2020 $2,120 $29,170 $3,990 $25,180
2019 $2,139 $29,170 $3,990 $25,180
2018 $2,069 $37,100 $4,300 $32,800
2017 $2,730 $37,100 $4,300 $32,800
2016 $2,716 $37,100 $4,300 $32,800
2015 $2,627 $37,100 $4,300 $32,800
2014 $2,620 $37,100 $4,300 $32,800
2013 $2,610 $37,100 $4,300 $32,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3718277

MLS Now

APN: 15-A-013-0-00-034