NOT LISTED FOR SALE

490 Allyn St Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $110,242 - $501,000

14 Beds
6 Baths
4,750 Sq Ft
$46/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $510,000 $107 Per Sq Ft

Current estimated payment $1,325/month

15 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 2-minute walk to Boss Park

About This Home

As of August 2023

Great opportunity to buy 3 contiguous properties at University of Akron!! Cash flow and maintenance free!! There are 2 single family homes and a duplex next to each other on Allyn and Bellewood. All 3 properties have been gut renovated- 490 Allyn (2007), 279 Bellewood (2015), 281 Bellewood (2016). The renovations include: new windows, siding, plumbing, electric, HVAC, KraftMaid kitchen cabinetry, appliances, flooring throughout and more. For each property there is on-site parking, a great front porch, in unit laundry and large bedrooms that always make it an easy rent.
490 Allyn- $1975/mo./ $23,700 annually and the tenants pay all utilities. 279 Bellewood- $1540mo./ $18,480 annually and the tenants pay all utilities. 281 Bellewood- $2050mo./ $24,600 annually and the tenants pay all utilities. Total NOI: Rent $66,780, $4845 taxes, $1906 insurance= $60,029!!! 11.77% cap rate! No deferred maintenance, in prime shape, & turnkey condition! Located on the campus bus route and within a few minute walk to campus.

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 06/09/2023

Keller Williams Chervenic Rlty

Last Buyer's Agent

Robert Cole

RE/MAX Above & Beyond License #2016001279

RE/MAX Above & Beyond

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,834

Year Built

  • Built in 1904

Lot Details

  • 3,877 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,750 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas, sewer, trash collection, water
  • Assessor Parcel Number 6844925

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,834

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 107.37
  • Estimated Price per Sq Ft: 107.37
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 4750
  • Year Built: 1904
  • Court Ordered Y N: No
  • Attribution Contact: (330) 686-1644 stowoffice@chervenicrealty.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1904

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 14
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Detail: Full, Unfinished
  • Laundry: 3
  • Sq Ft Approx Above Grade Finished: 4750.00
  • Sq Ft Approx Total Finished: 4750.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved, Unpaved

Utilities

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

Fee Information

  • Op Expenses: 6751.00

Schools

  • School District: Akron CSD
  • School District: Akron CSD

Lot Info

  • Additional Assessor Parcel Number 1: 6709442
  • Additional Assessor Parcel Number 2: 6846501
  • Lot Size Units: Acres
  • Acres: 0.0890
  • Parcel Number: 6844925

Rental Info

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

Multi Family

  • Unit Count: 3
  • Gross Income: 66780.00
  • Net Income: 60029.00
  • Num Of Buildings: 3
  • Number of Units: 3

Tax Info

  • Tax: 4834

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Aug 14, 2023
Sold by
Pugliese James S and Pugliese Kalle L
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
$509,900
Sold Price
$510,000
Premium/Discount to List
$100
0.02%
Views
42
Current Estimated Value
$220,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$289,689
Avg. Annual Appreciation
-31.72%
Original Mortgage
$140,800
Outstanding Balance
$137,532
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$82,779

Purchase Details

Closed on
May 2, 2005
Sold by
West Park Properties Of Kent Llc
Bought by
Pugliese James S and Pugliese Kalle L

Purchase Details

Closed on
May 1, 2004
Sold by
Martin Shawn and Martin Susan
Bought by
West Park Properties Of Kent Llc
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
Inkwell Investments Llc $510,000 None Listed On Document
Pugliese James S $31,000 Falls Title Agency Inc
West Park Properties Of Kent Llc -- Kent Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell Investments Llc $140,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $510,000 0.0% $107 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $509,900 -- $107 / 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 $2,034 $33,069 $5,485 $27,584
2024 $2,034 $33,069 $5,485 $27,584
2023 $2,034 $35,785 $5,485 $30,300
2022 $1,738 $23,699 $3,633 $20,066
2021 $1,739 $23,699 $3,633 $20,066
2020 $1,715 $23,700 $3,630 $20,070
2019 $1,413 $17,380 $3,630 $13,750
2018 $1,396 $17,380 $3,630 $13,750
2017 $1,243 $17,380 $3,630 $13,750
2016 $1,244 $14,980 $3,630 $11,350
2015 $1,243 $14,980 $3,630 $11,350
2014 $1,234 $14,980 $3,630 $11,350
2013 $1,218 $15,080 $3,630 $11,450
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

    436 Total Sales

    Justin Aikens
    Section Image
  • Robert Cole

    Buyer's Agent in 2023

    Robert Cole

    RE/MAX

    (440) 241-5221

    8 in this area

    278 Total Sales

    Robert Cole
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4464795

MLS Now

APN: 68-44925

Ohio Summit County Akron 44304 Downtown Akron

490 Allyn St, Akron, OH

This home is located at 490 Allyn St, Akron, OH 44304 since 09 June 2023 and is currently estimated at $220,311, approximately $46 per square foot. This property was built in 1904. 490 Allyn St is a home located in Summit County with nearby schools including North High School, Main Preparatory Academy, and Case Preparatory Academy.

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