NOT LISTED FOR SALE

435 Koerber Ave Unit 437 Akron, OH 44314

Kenmore Neighborhood

Estimated Value: $114,000 - $126,000

4 Beds
2 Baths
1,560 Sq Ft
$77/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $70,000 $45 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $812/month

41 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of April 2020

ATTENTION INVESTORS! Welcome to 435 Koerber Ave. Akron, OH. Great opportunity to add cash flowing property to your portfolio. This property is currently 100% rented out by long term tenants combining a $950/month. Owner pays Akron city water/sewer/trash removal. Tenants pay gas/electric and takes care of landscaping. This property could have potential for a possible cap rate of 13% or a possible 21% cash on cash return. Tenants are currently month-to-month. Owner has replaced entire roof, added the detached garage and driveway, and replaced furnace. Schedule your private showing today so you can make 435 Koerber Ave. Akron, OH your first or next investment property!

Last Agent to Sell the Property

Dustin Purtan

EXP Realty, LLC. License #2024004721 Listed on: 02/05/2020

EXP Realty, LLC.

Co-Listed By

Samantha Steele Hang

EXP Realty, LLC. License #2018004152

Last Buyer's Agent

Tyson Hartzler

Keller Williams Chervenic Rlty License #2010001867

Keller Williams Chervenic Rlty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,831 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • William A Johnstons Allotment Community

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 6823563

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 44.87
  • Estimated Price per Sq Ft: 44.87
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1560
  • Year Built: 1963
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1963

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Approx Above Grade Finished: 1560.00
  • Sq Ft Approx Total Finished: 1560.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: William A Johnstons Allotment

Schools

  • School District: Akron CSD

Lot Info

  • Additional Assessor Parcel Number 1: 6823562
  • Lot Size Units: Acres
  • Acres: 0.1109
  • Parcel Number: 6823563

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Unit Count: 2
  • Gross Income: 11400.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2074

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2022
Sold by
Murray Paula J
Bought by
Greer Partners Properties Llc
Current Estimated Value
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Outstanding Balance
$179,234
Interest Rate
4.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$59,234

Purchase Details

Listed on
Feb 5, 2020
Closed on
Apr 24, 2020
Sold by
Csaky Robert J and Csaky Tracy M
Bought by
Murray Paula J
Seller's Agent
Dustin Purtan
EXP Realty, LLC.
Buyer's Agent
Tyson Hartzler
Keller Williams Chervenic Rlty
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%

Purchase Details

Listed on
Feb 5, 2020
Closed on
Apr 23, 2020
Sold by
Csaky Robert J and Csaky Tracy M
Bought by
Murray Paula J
Seller's Agent
Dustin Purtan
EXP Realty, LLC.
Buyer's Agent
Tyson Hartzler
Keller Williams Chervenic Rlty
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%
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
Greer Partners Properties Llc -- Patriot Title
Murray Paula J $70,000 American Title
Murray Paula J $70,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greer Partners Properties Llc $241,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2020 04/24/20 Sold $70,000 -12.4% $45 / Sq Ft
03/26/2020 03/26/20 Pending -- -- --
03/13/2020 03/13/20 Price Changed $79,900 -5.9% $51 / Sq Ft
02/14/2020 02/14/20 For Sale $84,900 -- $54 / 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 $2,204 $40,432 $7,679 $32,753
2024 $2,204 $40,432 $7,679 $32,753
2023 $2,204 $40,432 $7,679 $32,753
2022 $1,775 $25,368 $4,683 $20,685
2021 $1,777 $25,368 $4,683 $20,685
2020 $1,751 $25,370 $4,680 $20,690
2019 $2,021 $26,780 $4,350 $22,430
2018 $2,053 $26,780 $4,350 $22,430
2017 $2,231 $26,780 $4,350 $22,430
2016 $2,233 $28,780 $4,680 $24,100
2015 $2,231 $28,780 $4,680 $24,100
2014 $2,214 $28,780 $4,680 $24,100
2013 $2,118 $28,870 $4,680 $24,190
Source: Public Records

Agents Affiliated with this Home

  • Dustin Purtan

    Seller's Agent in 2020

    Dustin Purtan

    EXP Realty, LLC.

    (330) 620-5680

    13 in this area

    321 Total Sales

    Dustin Purtan
    Section Image
  • Samantha Steele Hang

    Seller Co-Listing Agent in 2020

    Samantha Steele Hang

    EXP Realty, LLC.

    (818) 489-9901

    4 in this area

    86 Total Sales

    Samantha Steele Hang
    Section Image
  • Tyson Hartzler

    Buyer's Agent in 2020

    Tyson Hartzler

    Keller Williams Chervenic Rlty

    (330) 786-5493

    26 in this area

    1,134 Total Sales

    Tyson Hartzler
    Section Image
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Map

Source: MLS Now

MLS Number: 4166438

MLS Now

APN: 68-23563

Ohio Summit County Akron 44314 Kenmore

435 Koerber Ave Unit 437, Akron, OH

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