NOT LISTED FOR SALE

319 Power St Akron, OH 44311

Downtown Akron Neighborhood

Estimated Value: $110,000 - $136,000

4 Beds
2.5 Baths
1,452 Sq Ft
$84/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $120,000 $83 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $824/month

74 Days on Market

Highlights

  • 0.26 Acre Lot
  • 1 Fireplace
  • Forced Air Heating System
  • Colonial Architecture
  • 1 Car Detached Garage
  • 2-minute walk to Boss Park

About This Home

As of March 2023

Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.

Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053

Currently leased through July 2023; owner is in the process of renewing leases through July 2024.

Fantastic cash flow opportunity!!

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022

Keller Williams Chervenic Rlty

Last Buyer's Agent

Robert Cole

RE/MAX Above & Beyond License #2016001279

RE/MAX Above & Beyond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,926

Year Built

  • Built in 1899

Lot Details

  • 0.26 Acre Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,452 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Voris & Steinbacher Community

Listing and Financial Details

  • Assessor Parcel Number 6745023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,926

Year Built

Built in 1899

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Colonial
  • Price Per Square Foot: 82.64
  • Estimated Price per Sq Ft: 82.64
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1452
  • Year Built: 1899
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1899

Interior Features

  • Fireplaces: 1
  • Total Bedrooms: 4
  • Bedrooms on Main Level: 1
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1452.00
  • Sq Ft Approx Total Finished: 1452.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 1

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Voris & Steinbacher

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2614
  • Parcel Number: 6745023
  • LandLeaseYN: No

Tax Info

  • Tax: 1926

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 27, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Views
53
Current Estimated Value
$122,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,333
Avg. Annual Appreciation
0.75%
Original Mortgage
$96,000
Outstanding Balance
$93,089
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$29,244

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Outstanding Balance
$93,089
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$29,244

Purchase Details

Closed on
Nov 16, 2011
Sold by
Mccabe John P and Mccabe Jessica R
Bought by
Roo Town Rentals Llc

Purchase Details

Closed on
Oct 14, 2009
Sold by
Mccabe John P and Mccabe John
Bought by
Mccabe John P and Mccabe Jessica R

Purchase Details

Closed on
Mar 22, 2004
Sold by
Richards Jody L and Myers Theodore A
Bought by
Mccabe John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,900
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 1998
Sold by
Hibbard Mark E
Bought by
Richards Jody L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,750
Interest Rate
7.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Inkwell Investments Llc $1,105,200 --
Inkwell Investments Llc $1,105,200 None Listed On Document
Roo Town Rentals Llc -- Attorney
Mccabe John P -- Attorney
Mccabe John P $62,000 Bond & Associates Title Agen
Richards Jody L $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell Investments Llc $96,000
Closed Inkwell Investments Llc $96,000
Previous Owner Mccabe John P $58,900
Previous Owner Richards Jody L $49,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $120,000 0.0% $83 / Sq Ft
01/31/2023 01/31/23 Off Market $120,000 -- --
01/31/2023 01/31/23 Pending -- -- --
11/18/2022 11/18/22 For Sale $129,900 -- $89 / 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 $2,180 $38,959 $9,790 $29,169
2024 $2,180 $38,959 $9,790 $29,169
2023 $2,180 $38,959 $9,790 $29,169
2022 $1,824 $25,302 $6,482 $18,820
2021 $1,927 $25,302 $6,482 $18,820
2020 $1,901 $25,300 $6,480 $18,820
2019 $1,665 $19,730 $6,480 $13,250
2018 $1,645 $19,730 $6,480 $13,250
2017 $1,410 $19,730 $6,480 $13,250
2016 $1,411 $17,570 $6,480 $11,090
2015 $1,410 $17,570 $6,480 $11,090
2014 $1,399 $17,570 $6,480 $11,090
2013 $1,485 $19,150 $6,480 $12,670
Source: Public Records

Agents Affiliated with this Home

  • Justin Aikens

    Seller's Agent in 2023

    Justin Aikens

    Keller Williams Chervenic Rlty

    (330) 388-2637

    56 in this area

    436 Total Sales

    Justin Aikens
    Section Image
  • Robert Cole

    Buyer's Agent in 2023

    Robert Cole

    RE/MAX

    (440) 241-5221

    8 in this area

    278 Total Sales

    Robert Cole
    Section Image
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Map

Source: MLS Now

MLS Number: 4423058

MLS Now

APN: 67-45023

Ohio Summit County Akron 44304 Downtown Akron

319 Power St, Akron, OH

This home is located at 319 Power St, Akron, OH 44311 since 18 November 2022 and is currently estimated at $122,333, approximately $84 per square foot. This property was built in 1899. 319 Power St is a home located in Summit County with nearby schools including North High School, Main Preparatory Academy, and Case Preparatory Academy.

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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