NOT LISTED FOR SALE

491 Allyn St Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $105,000 - $131,000

1 Bed
1 Bath
1,044 Sq Ft
$115/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $110,000 $105 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $776/month

74 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 2-minute walk to Boss Park

About This Home

As of March 2023

Located 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

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022

Keller Williams Chervenic Rlty

Last Buyer's Agent

Robert Cole

RE/MAX Above & Beyond License #2016001279

RE/MAX Above & Beyond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 1883

Lot Details

  • 8,250 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,044 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom | 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Voris & Teinbachers Add Community

Listing and Financial Details

  • Assessor Parcel Number 6738945

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,502

Year Built

Built in 1883

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Ranch
  • Price Per Square Foot: 105.36
  • Estimated Price per Sq Ft: 105.36
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1044
  • Year Built: 1883
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1883

Interior Features

  • Total Bedrooms: 1
  • Bedrooms on Main Level: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1044.00
  • Sq Ft Approx Total Finished: 1044.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Voris & Teinbachers Add

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1894
  • Parcel Number: 6738945
  • LandLeaseYN: No

Tax Info

  • Tax: 1502

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
$114,900
Sold Price
$110,000
Premium/Discount to List
-$4,900
-4.26%
Views
10
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.
Estimated Appreciation
$10,000
Avg. Annual Appreciation
-1.41%
Original Mortgage
$88,000
Outstanding Balance
$85,820
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$20,513

Purchase Details

Closed on
Dec 18, 2013
Sold by
Mccabe Donald L and Mccabe Kathleen A
Bought by
Roo Town Rentals Llc

Purchase Details

Closed on
Mar 10, 2005
Sold by
Baringer Lincoln J and Baringer Lynn M
Bought by
Mccabe Donald L and Mccabe Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,400
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 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
$59,400
Interest Rate
5.7%
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
$55,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 19, 2004
Sold by
Angheld Lauren
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
$55,000
Interest Rate
8%
Mortgage Type
Seller Take Back
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
Inkwell Investments Llc $1,105,200 --
Roo Town Rentals Llc $61,358 None Available
Mccabe Donald L $66,000 Falls Title Agency Inc
Baringer Lincoln J $60,000 Falls Title Agency Inc
Angheld Lauren -- Falls Title Agency Inc
Baringer Lincoln J $60,000 Falls Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell Investments Llc $88,000
Previous Owner Mccabe Donald L $59,400
Previous Owner Baringer Lincoln J $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $110,000 0.0% $105 / Sq Ft
01/31/2023 01/31/23 Off Market $110,000 -- --
01/31/2023 01/31/23 Pending -- -- --
11/18/2022 11/18/22 For Sale $114,900 -- $110 / 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 $1,663 $29,947 $8,138 $21,809
2024 $1,663 $29,947 $8,138 $21,809
2023 $1,663 $29,947 $8,138 $21,809
2022 $1,421 $19,933 $5,390 $14,543
2021 $1,502 $19,933 $5,390 $14,543
2020 $1,482 $19,930 $5,390 $14,540
2019 $1,368 $16,540 $5,390 $11,150
2018 $1,352 $16,540 $5,390 $11,150
2017 $1,158 $16,540 $5,390 $11,150
2016 $1,159 $14,700 $5,390 $9,310
2015 $1,158 $14,700 $5,390 $9,310
2014 $1,150 $14,700 $5,390 $9,310
2013 $1,513 $20,170 $5,390 $14,780
Source: Public Records

Agents Affiliated with this Home

  • Justin Aikens

    Seller's Agent in 2023

    Justin Aikens

    Keller Williams Chervenic Rlty

    (330) 388-2637

    54 in this area

    450 Total Sales

    Section Image
  • Robert Cole

    Buyer's Agent in 2023

    Robert Cole

    RE/MAX

    (440) 241-5221

    8 in this area

    279 Total Sales

    Section Image
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Map

Source: MLS Now

MLS Number: 4423111

MLS Now

APN: 67-38945

Ohio Summit County Akron 44304 Downtown Akron

491 Allyn St, Akron, OH

This home is located at 491 Allyn St, Akron, OH 44304 since 18 November 2022 and is currently estimated at $120,000, approximately $114 per square foot. This property was built in 1883. 491 Allyn St is a home located in Summit County with nearby schools including North High School, Main Preparatory Academy, and Case Preparatory Academy.

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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