NOT LISTED FOR SALE

Estimated Value: $249,000 - $298,437

8 Beds
4 Baths
1,225 Sq Ft
$222/Sq Ft Est. Value

Last Sold April 24, 2024

Last sale price $280,000 $229 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,629/month

41 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 4-minute walk to Boss Park

About This Home

As of April 2024

Location, Location, Location! This multi-unit comprises of (Two) 4 Bedroom/2 Bathroom apartments located on one of the hottest streets by The University of Akron; only 1 block away from campus! Each unit is currently leased through August of 2024 at a rate of $1,400 per unit; $33,600 annually! The upstairs apartment is leased all the way through August 2025 at $1440/mo and the downstairs apartment is currently being shown to prospective tenants at the same rate and will most probably be leased shortly in this hot location for a total of $34,560 annually. All mechanical systems have been redone, the roof was replaced in 2022, the kitchen was remodeled in the upstairs apartment in 2020, the furnace was replaced in 2016, solid oak doors were installed, and Luxury Vinyl Plank was put down in the kitchens and bathrooms. There is plenty of parking in the large lot behind the building.
There is nothing to do on this turnkey money machine but collect the rent!

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty Brokerage Email: jaikens@kw.com 330-388-2637 License #2012000353 Listed on: 02/07/2024

Keller Williams Chervenic Rlty

Last Buyer's Agent

Journey Toole

Keller Williams Living License #2021004623

Keller Williams Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,440

Year Built

  • Built in 1991

Lot Details

  • 7,793 Sq Ft Lot

Parking

  • Gravel Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,225 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 6810372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,440

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1991
  • Attribution Contact: jaikens@kw.com 330-388-2637
  • Above Grade Finished Sq Ft: 1225.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1789
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Akron CSD - 7701

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6810372
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2440.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Apr 23, 2024
Sold by
Westfall G Matthew G and Westfall Teri L
Bought by
Crowley Sean
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Journey Toole
Keller Williams Living
List Price
$315,900
Sold Price
$280,000
Premium/Discount to List
-$35,900
-11.36%
Views
97
Current Estimated Value
$271,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,141
Avg. Annual Appreciation
-2.00%
Original Mortgage
$210,000
Outstanding Balance
$206,778
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$65,081

Purchase Details

Closed on
Mar 30, 2007
Sold by
473 Brown Street Llc
Bought by
Westfall G Matthew and Westfall Teri L

Purchase Details

Closed on
Mar 22, 2002
Sold by
Cavileer John F and Cavileer Kathleen A
Bought by
473 Brown Street Llc
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
Crowley Sean $280,000 Minnesota Title Agency
Westfall G Matthew $100,000 Lawyers Title Ins
473 Brown Street Llc $110,537 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crowley Sean $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2024 04/24/24 Sold $280,000 0.0% $229 / Sq Ft
03/20/2024 03/20/24 Off Market $280,000 -- --
03/20/2024 03/20/24 Pending -- -- --
02/26/2024 02/26/24 Price Changed $293,900 -7.0% $240 / Sq Ft
02/07/2024 02/07/24 For Sale $315,900 -- $258 / 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 $2,441 $43,012 $7,861 $35,151
2024 $2,441 $43,012 $7,861 $35,151
2023 $2,441 $43,012 $7,861 $35,151
2022 $2,085 $28,484 $5,205 $23,279
2021 $2,158 $28,484 $5,205 $23,279
2020 $2,129 $28,490 $5,210 $23,280
2019 $2,544 $31,920 $5,210 $26,710
2018 $2,473 $31,920 $5,210 $26,710
2017 $2,102 $31,920 $5,210 $26,710
2016 $2,103 $27,270 $5,210 $22,060
2015 $2,102 $27,270 $5,210 $22,060
2014 $2,086 $27,270 $5,210 $22,060
2013 $2,340 $31,460 $5,210 $26,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5015751

MLS Now

APN: 68-10372