NOT LISTED FOR SALE

3042 Mogadore Rd Akron, OH 44312

Ellet Neighborhood

Estimated Value: $629,000

0.5 Acre
$1,258,000 Price per Acre
21,780 Sq Ft Lot

Last Sold January 14, 2021

Last sale price $10,000

Est. 6,190% increase in value since last sale

Current estimated payment $3,479/month

9 Days on Market

About This Lot

As of January 2021

What a great investment opportunity! Two 4 unit properties located on Modagore Rd in Akron, Oh. 100% occupied, public sewer and water.

Unit 3048 updates include: 2016 - New roof, 2017, New concrete drive, (1) new A/C unit.
Unit 3036 updates include: New Roof - 2016, New brick and windows on the east side, new A/C units (3), 2017 - new concrete drive.

Lot 3042 is located between both buildings and could be used to build a thrid building (per all local requirements. This lot also qualifies for Akron incentive and could receive NO TAXES if a building is constructed, subject to all local requirements)

Last Agent to Sell the Property

Greg Stearn

RE/MAX Trends Realty License #2014001702 Listed on: 12/14/2020

RE/MAX Trends Realty

Last Buyer's Agent

Greg Stearn

RE/MAX Trends Realty License #2014001702 Listed on: 12/14/2020

RE/MAX Trends Realty

Property Details

Property Type

  • Land

Lot Details

  • 0.5 Acre Lot

Community Details

  • Forest Hills Community

Listing and Financial Details

  • Assessor Parcel Number 6806357

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype: Land
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Forest Hills

Schools

  • School District: Akron CSD
  • School District: Akron Csd

Lot Info

  • Additional Assessor Parcel Number 1: 6831339
  • Additional Assessor Parcel Number 2: 6806356
  • Lot Size Units: Acres
  • Acres: 0.5000
  • Parcel Number: 6806357

Multi Family

  • Number Of Lots: 1

Tax Info

  • Tax: 6733

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2020
Closed on
Jan 13, 2021
Sold by
Norris Noel W and Cultrona James V
Bought by
Rossi Real Estate Llc
Seller's Agent
Greg Stearn
RE/MAX Trends Realty
Buyer's Agent
Greg Stearn
RE/MAX Trends Realty
List Price
$375,000
Sold Price
$10,000
Premium/Discount to List
-$365,000
-97.33%
Current Estimated Value
$629,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,000

Purchase Details

Closed on
Jan 14, 2020
Sold by
Norris Noel W and Norris Heidi A
Bought by
Rossi Real Estate Llc

Purchase Details

Listed on
Aug 14, 2016
Closed on
Oct 28, 2016
Sold by
Ellis Terry L and Ellis Katherine L
Bought by
Norris Noel W and Cultrona James V
Seller's Agent
Christopher Soulsby
Deleted Agent
Buyer's Agent
Theresa Crimaldi
Deleted Agent
List Price
$15,000
Sold Price
$9,500
Premium/Discount to List
-$5,500
-36.67%

Purchase Details

Closed on
Jan 25, 2002
Sold by
Marquette Phillip G and Marquette Emily B
Bought by
Ellis Terry L and Ellis Katherine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,500
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 1997
Sold by
Marquette Phillip G and Marquette Emily B
Bought by
Vancellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.9%
Mortgage Type
Seller Take Back
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
Rossi Real Estate Llc $345,000 American Title
Rossi Real Estate Llc $345,000 Kingdom Title
Norris Noel W $219,500 None Available
Ellis Terry L $114,034 Cardinal First Title Inc
Vancellis $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Terry L $118,200
Previous Owner Ellis Terry L $114,500
Previous Owner Vancellis $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $10,000 -97.3% --
12/23/2020 12/23/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $375,000 +3847.4% --
11/01/2016 11/01/16 Sold $9,500 -36.7% --
08/30/2016 08/30/16 Pending -- -- --
08/14/2016 08/14/16 For Sale $15,000 -- --
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 $619 $5,019 $5,019 --
2024 $619 $5,019 $5,019 --
2023 $628 $5,019 $5,019 --
2022 $628 $5,019 $5,019 $0
2021 $629 $5,019 $5,019 $0
2020 $532 $5,020 $5,020 $0
2019 $530 $4,890 $4,890 $0
2018 $530 $4,890 $4,890 $0
2017 $2,550 $4,890 $4,890 $0
2016 $2,550 $5,150 $5,150 $0
2015 $2,550 $5,150 $5,150 $0
2014 $3,179 $34,950 $5,150 $29,800
2013 $2,569 $27,330 $4,380 $22,950
Source: Public Records

Agents Affiliated with this Home

  • Greg Stearn

    Seller's Agent in 2021

    Greg Stearn

    RE/MAX

    (330) 418-1212

    27 in this area

    496 Total Sales

    Section Image

  • C

    Seller's Agent in 2016

    Christopher Soulsby

    Deleted Agent

  • T

    Buyer's Agent in 2016

    Theresa Crimaldi

    Deleted Agent

See All Agents

Map

Source: MLS Now

MLS Number: 4245402

MLS Now

APN: 68-06357

Ohio Summit County Akron 44312 Ellet

3042 Mogadore Rd, Akron, OH

This home is located at 3042 Mogadore Rd, Akron, OH 44312 since 14 December 2020 and is currently priced at $629,000. 3042 Mogadore Rd is a home located in Summit County with nearby schools including Ellet High School and Summit Academy Akron Elementary School.

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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