NOT LISTED FOR SALE

296 3rd Ave Mansfield, OH 44905

Estimated Value: $67,000 - $156,000

4 Beds
2 Baths
-- Sq Ft
8,000 Sq Ft Lot

Last Sold March 13, 2024

Last sale price $60,900

Est. 57% increase in value since last sale

Current estimated payment $548/month

5 Days on Market

Highlights

  • Wood Flooring
  • Dining Room
  • Paddle Fans
  • Forced Air Heating System

About This Home

As of March 2024

Here is your chance to fix up a duplex and live in one side and rent the other. Each side features 2 bedrooms and 1 full bath upstairs. The main floor has a living, dining and kitchen. Both sides have access to a full attic that is perfect for storage as well as private basements with laundry hookups. Big fenced in backyard with separate driveways for each unit for off street parking. Some windows have been updated. Expect work at this price but the return is great. Long term tenant moved out last year. The second tenant decided to move out when owner told them he was selling. He had steady rent at $550 for each side. Tenants paid own utilities. Owner paid water/sewer bills.

Last Agent to Sell the Property

Russ White

Haring Realty, Inc. Brokerage Phone: 4197568383 License #2012000243 Listed on: 02/07/2024

Last Buyer's Agent

Tracy Jones

Keller Williams Legacy Group Realty License #2017001982

Keller Williams Legacy Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $560

Year Built

  • Built in 1920

Lot Details

  • 8,000

Home Design

  • Duplex
  • Aluminum Siding
  • Lead Paint Disclosure

Interior Spaces

  • 2-Story Property
  • Paddle Fans
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Dirt Driveway
  • Open Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 8,000 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 027 05 046 16 000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $699
  • Water Sewer Expense $1,200
  • Net Operating Income $9,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$560

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1837
  • Lot Size: 50 x 160
  • Road Surface Type: Paved
  • Directions: Take Park Avenue East (ST RT 42) to Ashland Rd. Turn left on Central Ave. to Orange St. Turn left and take first right on Third Ave.
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Structure Type: Onsite Built, Duplex S/S
  • Year Built: 1920
  • Attribution Contact: 4197568383
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Other Equipment: Satellite Dish Owned
  • Has Basement: Full
  • Total Bedrooms: 4
  • Flooring: Hardwood, Wall/Wall Carpet
  • Interior Amenities: Paddle Fans, Dining Room, Other-See Remarks

Exterior Features

  • Lot Features: City Lot
  • Disclosures: Lead Based Paint - Add. 1, Property Disclosure
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Other Structures: Garden Shed

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Asphalt, Dirt, 2 Spaces, Other-See Remarks
  • Total Parking Spaces: 2

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 1200

Schools

  • Junior High Dist: Mansfield City School District

Lot Info

  • Lot Size Sq Ft: 8000
  • Farm Land Area Units: Square Feet
  • Parcel #: 027 05 046 16 000

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 699
  • Property Net Operating Income: 9541

Tax Info

  • Tax Annual Amount: 560

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Binion Benjamin R and Binion Janna
Bought by
Reagan Rents Llc
Current Estimated Value
$95,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Outstanding Balance
$64,522
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$31,320

Purchase Details

Listed on
Feb 7, 2024
Closed on
Mar 12, 2024
Sold by
Jessop Carey A and Perry Benjamin B
Bought by
Binion Benjamin R and Binion Janna
Seller's Agent
Russ White
Haring Realty, Inc.
Buyer's Agent
Tracy Jones
Keller Williams Legacy Group Realty
List Price
$64,900
Sold Price
$60,900
Premium/Discount to List
-$4,000
-6.16%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.83%
Original Mortgage
$48,720
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2002
Sold by
Jessop Frederick W
Bought by
Perry Benjamin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
6.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reagan Rents Llc -- Chicago Title
Reagan Rents Llc -- Chicago Title
Binion Benjamin R $60,900 Stonegate Title
Binion Benjamin R $60,900 Stonegate Title
Perry Benjamin B $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reagan Rents Llc $65,600
Closed Reagan Rents Llc $65,600
Previous Owner Binion Benjamin R $48,720
Previous Owner Perry Benjamin B $49,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2024 03/13/24 Sold $60,900 -6.2% --
02/14/2024 02/14/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $64,900 -- --
Source: Mansfield Association of REALTORS®

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 $561 $11,990 $1,700 $10,290
2023 $560 $11,990 $1,700 $10,290
2022 $564 $10,090 $1,720 $8,370
2021 $568 $10,090 $1,720 $8,370
2020 $580 $10,090 $1,720 $8,370
2019 $643 $10,090 $1,720 $8,370
2018 $635 $10,090 $1,720 $8,370
2017 $636 $10,090 $1,720 $8,370
2016 $655 $10,380 $2,290 $8,090
2015 $626 $10,380 $2,290 $8,090
2014 $618 $10,380 $2,290 $8,090
2012 $243 $10,700 $2,360 $8,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9059793

Mansfield Association of REALTORS®

APN: 027-05-046-16-000