NOT LISTED FOR SALE

401 Fair Ave Salem, OH 44460

Estimated Value: $142,057 - $173,000

4 Beds
2 Baths
900 Sq Ft
$177/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $125,500 $139 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $955/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 3-minute walk to Centennial Park

About This Home

As of April 2021

Absolutely turnkey investment opportunity. Meticulously maintained, all brick duplex in a great Salem neighborhood. Each unit is 2br/1bath (up/down). Roof is 2 years old, new, lifetime guaranteed windows, new carpeting, new flooring, recently updated bathrooms, freshly, neutrally painted, 2 car garage with alley access, each unit comes with it's own stove, refrigerator, dishwasher, garbage disposal, washer and dryer. Tenants already have signed, new leases and have been here long term. If you are looking for a huge return on investment for a stunning, textbook turnkey opportunity, call for your showing today. Priced to sell quickly.

Last Agent to Sell the Property

Kelly Warren

Kelly Warren and Associates RE Solutions License #2018003552 Listed on: 04/01/2021

Last Buyer's Agent

Linda Courtney

Towne & Suburban Realty, Inc. License #431098

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,206

Year Built

  • Built in 1975

Lot Details

  • 7,301 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Units
  • J M E Community

Listing and Financial Details

  • Assessor Parcel Number 5103566000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,206

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 139.44
  • Estimated Price per Sq Ft: 139.44
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 900
  • Year Built: 1975
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1975

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Garbage Disposal, Range, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 900.00
  • Sq Ft Approx Total Finished: 900.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Water/Sewer: Public Water

Condo/Co-op/Association

  • Subdivision Complex: J M E

Schools

  • School District: Salem CSD
  • School District: Salem CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1676
  • Parcel Number: 5103566000

Multi Family

  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 1206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 29, 2021
Sold by
Milhoan Ben and Milhoan Rebecca
Bought by
Smith Gregory V and Smith Christine M
Seller's Agent
Kelly Warren
Kelly Warren and Associates RE Solutions
Buyer's Agent
Linda Courtney
Towne & Suburban Realty, Inc.
List Price
$124,900
Sold Price
$125,500
Premium/Discount to List
$600
0.48%
Current Estimated Value
$159,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,514
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Dec 27, 2016
Sold by
Milhoan Ben and Milhoan Rebecca
Bought by
Milhoan Ben and Milhoan Rebecca

Purchase Details

Closed on
Apr 30, 1999
Sold by
Hutton Basil
Bought by
Milhoan Ben and Milhoan Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.04%
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
Smith Gregory V $125,500 Heritage Union Title Co Ltd
Milhoan Ben -- None Available
Milhoan Ben $75,000 Heritage Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Milhoan Ben $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $125,500 +0.5% $139 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $124,900 -- $139 / 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
2024 $1,344 $33,400 $3,470 $29,930
2023 $1,347 $33,400 $3,470 $29,930
2022 $1,249 $33,400 $3,470 $29,930
2021 $1,196 $29,970 $4,590 $25,380
2020 $1,206 $29,970 $4,590 $25,380
2019 $1,206 $29,970 $4,590 $25,380
2018 $1,147 $27,240 $4,170 $23,070
2017 $1,146 $27,240 $4,170 $23,070
2016 $1,086 $25,590 $4,200 $21,390
2015 $1,086 $25,590 $4,200 $21,390
2014 $1,069 $25,590 $4,200 $21,390
Source: Public Records

Agents Affiliated with this Home

  • Kelly Warren

    Seller's Agent in 2021

    Kelly Warren

    Kelly Warren and Associates RE Solutions

    (330) 953-3310

    33 in this area

    1,686 Total Sales

    Kelly Warren
    Section Image
  • Linda Courtney

    Buyer's Agent in 2021

    Linda Courtney

    Towne & Suburban Realty, Inc.

    (330) 424-8697

    19 in this area

    46 Total Sales

    Linda Courtney
    Section Image
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Map

Source: MLS Now

MLS Number: 4267082

MLS Now

APN: 5103566000

Ohio Columbiana County Salem 44460

401 Fair Ave, Salem, OH

This home is located at 401 Fair Ave, Salem, OH 44460 since 01 April 2021 and is currently estimated at $159,014, approximately $176 per square foot. This property was built in 1975. 401 Fair Ave is a home located in Columbiana County with nearby schools including Reilly Elementary School, Buckeye Elementary School, and Southeast 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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