NOT LISTED FOR SALE

389 W Cook Rd Mansfield, OH 44907

-- Bed
-- Bath
-- Sq Ft
1.4 Acres

Last Sold October 28, 2024

Last sale price $3,300,000

24 Days on Market

Highlights

  • 1.4 Acre Lot
  • Central Air
  • Heating System Uses Natural Gas
  • Wood Flooring

About This Home

As of October 2024

Well known 56 unit apartment complex available for sale. Become the new owner of this updated apartment complex. Updated include freshly poured concrete for parking lots. All electrical boxes changed in all units. Furnace, Air conditioning units, and air ducts all cleaned for efficiency. 22 of the 56 units completely renovated. Exterior lighting updated and replaced. Steps in each building removed and replaced. Decks replaced and painted. Cash flowing property. Curb offers only.

Last Agent to Sell the Property

Christina Mawhorr

Dream Huge Realty Brokerage Phone: 4195288260 License #2020004471 Listed on: 08/16/2024

Last Buyer's Agent

Peter Peterson

Dream Huge Realty License #2019001505

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,546

Year Built

  • Built in 1965

Lot Details

  • 1.4

Home Design

  • Brick Exterior Construction
  • Lead Paint Disclosure

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 1 Parking Space
  • Carport
  • Open Parking
  • Parking Lot

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Range with Range Hood
  • Basement Fills Entire Space Under The House
  • 1.4 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0270714815000

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include bldg/common maintenance, ground maintenance, trash, water
  • 56 Units

Building Details

  • Insurance Expense $13,400
  • Maintenance Expense $60,000
  • Trash Expense $7,000
  • Water Sewer Expense $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,546

Year Built

Built in 1965

Lot Details

1.4 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.4
  • Professional Management Expense: 53280
  • Directions: Apartment complex located on Cook Road. Turn from Lexington Ave onto Cook Road toward Madison. Complex is halfway down Cook Road on the right hand side.
  • Architectural Style: Apartment
  • Carport Y N: Yes
  • Garage Yn: No
  • Structure Type: Onsite Built, Apartment 9+
  • Year Built: 1965
  • Attribution Contact: 4195288260
  • Special Features: None

Interior Features

  • Appliances: Range, Range Hood, Refrigerator, Gas Water Heater
  • Has Basement: Full
  • Flooring: Hardwood, Wall/Wall Carpet
  • Interior Amenities: Other-See Remarks

Exterior Features

  • Disclosures: Lead Based Paint - Add. 1
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Other-See Remarks

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Concrete, 1 Space, Carport, Parking Lot
  • Total Parking Spaces: 1

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Pets Allowed: Pets - Allowed/Restrictions

Fee Information

  • Annual Fuel Expense: 1000
  • Trash Expense: 7000
  • Annual Water Sewer Expense: 17000
  • Association Fee Includes: Bldg/Common Maintenance, Maintenance Grounds, Trash, Water

Schools

  • Junior High Dist: Mansfield City School District

Lot Info

  • Lot Size Sq Ft: 60984
  • Farm Land Area Units: Square Feet
  • Parcel #: 0270714815000

Multi Family

  • Number Of Units Total: 56
  • Electric Expense: 8000
  • Insurance Expense: 13400
  • Maintenance Expense: 60000

Tax Info

  • Tax Annual Amount: 42546
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $3,300,000 -2.9% --
09/09/2024 09/09/24 Pending -- -- --
08/28/2024 08/28/24 Price Changed $3,400,000 -12.8% --
08/16/2024 08/16/24 For Sale $3,900,000 +124.7% --
01/10/2019 01/10/19 Sold $1,736,000 -0.8% -- View Prior Sale
12/21/2018 12/21/18 Pending -- -- --
12/21/2018 12/21/18 For Sale $1,750,000 -- --
Source: Mansfield Association of REALTORS®

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 $34,763 $487,920 $65,110 $422,810
2023 $34,675 $487,920 $65,110 $422,810
2022 $37,826 $470,720 $59,190 $411,530
2021 $37,994 $470,720 $59,190 $411,530
2020 $38,573 $470,720 $59,190 $411,530
2019 $29,562 $344,850 $59,190 $285,660
2018 $29,427 $344,850 $59,190 $285,660
2017 $28,332 $344,850 $59,190 $285,660
2016 $27,731 $325,440 $59,190 $266,250
2015 $27,731 $325,440 $59,190 $266,250
2014 $26,348 $325,440 $59,190 $266,250
2012 $10,884 $325,440 $59,190 $266,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9061661

Mansfield Association of REALTORS®
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