NOT LISTED FOR SALE

396 Sumner St Unit 398 Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $159,000 - $519,000

17 Beds
10 Baths
4,723 Sq Ft
$55/Sq Ft Est. Value

Last Sold May 02, 2023

Last sale price $430,000 $91 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $1,645/month

12 Days on Market

About This Home

As of May 2023

This is a great opportunity to own 3 Akron University rentals!

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 03/24/2023

Keller Williams Chervenic Rlty

Last Buyer's Agent

Adam Coleman

RE/MAX Edge Realty License #2018003931

RE/MAX Edge Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,240

Year Built

  • Built in 1909

Lot Details

  • 2,666 Sq Ft Lot

Home Design

  • 4,723 Sq Ft Home
  • Tri-Level Property
  • Asphalt Roof
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 6808732

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Rentschler Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,240

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 91.04
  • Estimated Price per Sq Ft: 91.04
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 4723
  • Year Built: 1909
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1909

Interior Features

  • Total Bedrooms: 17
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 4723.00
  • Sq Ft Approx Total Finished: 4723.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Rentschler

Schools

  • School District: Akron CSD

Lot Info

  • Additional Assessor Parcel Number 1: 6808733
  • Additional Assessor Parcel Number 2: 6808734
  • Lot Size Units: Acres
  • Acres: 0.0612
  • Parcel Number: 6808732

Multi Family

  • Unit Count: 3
  • Num Of Buildings: 3
  • Number of Units: 9

Tax Info

  • Tax: 6240

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2025
Sold by
Dhow Development Llc
Bought by
Herman Holdings Llc
Current Estimated Value
$262,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,600
Outstanding Balance
$425,600
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$163,581

Purchase Details

Listed on
Mar 24, 2023
Closed on
May 1, 2023
Sold by
A & J Management Group Llc
Bought by
Dhow Development Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Adam Coleman
RE/MAX Edge Realty
List Price
$449,900
Sold Price
$430,000
Premium/Discount to List
-$19,900
-4.42%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.54%

Purchase Details

Closed on
May 8, 2020
Sold by
Gibson Richard A and Gibson Nancy A
Bought by
A & J Management Group Llc

Purchase Details

Closed on
Oct 18, 1994
Sold by
Mckinney Jack W
Bought by
Gibson Richard A and Gibson Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.55%
Mortgage Type
New Conventional
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
Herman Holdings Llc $505,000 Chicago Title
Dhow Development Llc $430,000 American Title
A & J Management Group Llc -- None Available
Gibson Richard A $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Holdings Llc $425,600
Previous Owner Gibson Richard A $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2023 05/02/23 Sold $430,000 -4.4% $91 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $449,900 -- $95 / Sq Ft
Source: MLS Now

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 $3,376 $57,687 $6,230 $51,457
2024 $3,215 $57,687 $6,230 $51,457
2023 $3,376 $60,043 $6,230 $53,813
2022 $2,718 $39,764 $4,127 $35,637
2021 $2,721 $39,764 $4,127 $35,637
2020 $2,680 $39,770 $4,130 $35,640
2019 $2,041 $27,310 $4,130 $23,180
2018 $2,014 $27,310 $4,130 $23,180
2017 $1,753 $27,310 $4,130 $23,180
2016 $1,755 $23,280 $4,130 $19,150
2015 $1,753 $23,280 $4,130 $19,150
2014 $1,739 $23,280 $4,130 $19,150
2013 $1,969 $26,230 $4,130 $22,100
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

    429 Total Sales

    Justin Aikens
    Section Image
  • Adam Coleman

    Buyer's Agent in 2023

    Adam Coleman

    RE/MAX

    (330) 310-9489

    7 in this area

    274 Total Sales

    Adam Coleman
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4446369

MLS Now

APN: 68-08733

Ohio Summit County Akron 44304 Downtown Akron

396 Sumner St Unit 398, Akron, OH

Not Listed for Sale

MultiFamily

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