Seller's Agent in 2023
Justin Aikens
Keller Williams Chervenic Rlty
(330) 388-2637
56 in this area
436 Total Sales
489 Allyn St Akron, OH 44304
Downtown Akron NeighborhoodEstimated Value: $82,000 - $115,000
2
Beds
1
Bath
872
Sq Ft
$118/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- 1-Story Property
- 2-minute walk to Boss Park
About This Home
As of March 2023Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.
Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053
Currently leased through July 2023; owner is in the process of renewing leases through July 2024.
Fantastic cash flow opportunity!!
Last Agent to Sell the Property
Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,212
Year Built
- Built in 1923
Lot Details
- 7,436 Sq Ft Lot
Home Design
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 872 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Summer & Harts Add Community
Listing and Financial Details
- Assessor Parcel Number 6847735
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2022
Closed on
Mar 27, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$99,900
Sold Price
$95,200
Premium/Discount to List
-$4,700
-4.7%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,800
Avg. Annual Appreciation
3.09%
Original Mortgage
$58,800
Outstanding Balance
$57,017
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$45,983
Purchase Details
Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$99,900
Sold Price
$95,200
Premium/Discount to List
-$4,700
-4.7%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,800
Outstanding Balance
$57,017
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$45,983
Purchase Details
Closed on
Nov 16, 2011
Sold by
Mccabe John P and Mccabe Jessica R
Bought by
Roo Town Rentals Llc
Purchase Details
Closed on
Oct 13, 2009
Sold by
Quadrant Residential Capital I Llc
Bought by
Mccabe John
Purchase Details
Closed on
Jun 8, 2009
Sold by
Hughes Scott A
Bought by
Quadrant Residential Capital I Llc
Purchase Details
Closed on
Feb 1, 2005
Sold by
Baringer Lincoln J and Baringer Lynn M
Bought by
Hughes Scott A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 31, 2005
Sold by
Angheld Lauren and Angheld Richard Alden
Bought by
Baringer Lincoln J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 2, 2004
Sold by
Angheld Lauren
Bought by
Angheld Lauren and Angheld Richard Alden
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 19, 2004
Sold by
Angheld Lauran
Bought by
Baringer Lincoln J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Inkwell Investments Llc | $1,105,200 | -- | |
| Inkwell Investments Llc | $1,105,200 | None Listed On Document | |
| Roo Town Rentals Llc | -- | Attorney | |
| Mccabe John | $7,150 | Chicago Title | |
| Quadrant Residential Capital I Llc | -- | Allodial Title | |
| Hughes Scott A | $58,000 | Falls Title Agency Inc | |
| Baringer Lincoln J | $52,000 | Falls Title Agency Inc | |
| Angheld Lauren | -- | Falls Title Agency Inc | |
| Baringer Lincoln J | $52,000 | Falls Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Inkwell Investments Llc | $58,800 | |
| Closed | Inkwell Investments Llc | $58,800 | |
| Previous Owner | Hughes Scott A | $58,000 | |
| Previous Owner | Baringer Lincoln J | $47,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2023 03/27/23 | Sold | $95,200 | 0.0% | $109 / Sq Ft |
| 01/31/2023 01/31/23 | Off Market | $95,200 | -- | -- |
| 01/31/2023 01/31/23 | Pending | -- | -- | -- |
| 11/18/2022 11/18/22 | For Sale | $99,900 | -- | $115 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
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 | $1,375 | $24,774 | $7,641 | $17,133 |
| 2024 | $1,375 | $24,774 | $7,641 | $17,133 |
| 2023 | $1,375 | $24,774 | $7,641 | $17,133 |
| 2022 | $1,148 | $16,083 | $5,061 | $11,022 |
| 2021 | $1,214 | $16,083 | $5,061 | $11,022 |
| 2020 | $1,197 | $16,080 | $5,060 | $11,020 |
| 2019 | $1,178 | $14,340 | $5,060 | $9,280 |
| 2018 | $1,164 | $14,340 | $5,060 | $9,280 |
| 2017 | $1,000 | $14,340 | $5,060 | $9,280 |
| 2016 | $1,000 | $12,740 | $5,060 | $7,680 |
| 2015 | $1,000 | $12,740 | $5,060 | $7,680 |
| 2014 | $992 | $12,740 | $5,060 | $7,680 |
| 2013 | $1,055 | $13,910 | $5,060 | $8,850 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Aikens
-
Robert Cole
Buyer's Agent in 2023
Robert Cole
RE/MAX
(440) 241-5221
8 in this area
278 Total Sales
Map
Source: MLS Now
MLS Number: 4423116
APN: 68-47735
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 531 Allyn St Unit 533
- 319 Sterling Ct
- 463 Allyn St
- 274 Wheeler St
- 380 Cross St Unit 382
- 504 Sumner St
- 269 Wheeler St
- 433 Allyn St
- 478 Sumner St
- 590 and 596 Sumner St
- 298 Torrey St Unit 300
- 476 Rentschler St
- 444 Sumner St
- 298 Sumner Ct
- 370 E Thornton St
- 628, 634 & 636 Sumner St Unit 6 units
- 281 E Thornton St
- 442 E Thornton St
- 253,257,261,263 E Thornton St
- 495 Beacon St