NOT LISTED FOR SALE

506 Gibbs Rd Akron, OH 44312

Ellet Neighborhood

Estimated Value: $125,000 - $146,412

3 Beds
2 Baths
1,056 Sq Ft
$132/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $112,500 $107 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $875/month

41 Days on Market

About This Home

As of April 2024

3 Bedroom Ranch with 2 Full baths. Great central location. Unfinished walk out basement. Boiler heat. New Hot water tank 2023.
Vinyl plank flooring installed 2023.

Last Agent to Sell the Property

Julie Andrews

RE/MAX Edge Realty Brokerage Email: julieandrewsremax@icloud.com 330-697-8628 License #2005009653 Listed on: 02/02/2024

RE/MAX Edge Realty

Last Buyer's Agent

Sylvester Racchi

Berkshire Hathaway HomeServices Stouffer Realty License #2021008954

Berkshire Hathaway HomeServices Stouffer Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,352

Year Built

  • Built in 1971

Lot Details

  • 5,998

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Private Sewer

Additional Features

  • 2-Story Property
  • 5,998 Sq Ft Lot
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • East Market Acres Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 6802193

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,352

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1971
  • Attribution Contact: julieandrewsremax@icloud.com 330-697-8628
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: East Market Acres
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1377
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Steam
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Akron CSD - 7701

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6802193
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2352.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Apr 9, 2024
Sold by
Lamanna Frank
Bought by
Robison Emalee
Seller's Agent
Julie Andrews
RE/MAX Edge Realty
Buyer's Agent
Sylvester Racchi
Berkshire Hathaway HomeServices Stouffer Realty
List Price
$122,000
Sold Price
$112,500
Premium/Discount to List
-$9,500
-7.79%
Views
202
Current Estimated Value
$139,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,353
Avg. Annual Appreciation
14.01%
Original Mortgage
$5,625
Outstanding Balance
$5,542
Interest Rate
6.94%
Estimated Equity
$134,311

Purchase Details

Closed on
Nov 3, 2023
Sold by
Vargo Steve J
Bought by
Lamanna Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 2022
Sold by
County Treasurer
Bought by
Adair Asset Management Llc

Purchase Details

Closed on
Nov 29, 1994
Sold by
Yost James E
Bought by
Vargo Steve J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,050
Interest Rate
9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robison Emalee $112,500 None Listed On Document
Lamanna Frank $70,000 None Listed On Document
Adair Asset Management Llc -- --
Vargo Steve J $51,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robison Emalee $5,625
Open Robison Emalee $110,461
Previous Owner Lamanna Frank $70,000
Previous Owner Vargo Steve J $36,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2024 04/10/24 Sold $112,500 -7.8% $107 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $122,000 -- $116 / 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 $4,920 $42,470 $9,923 $32,547
2024 $4,920 $42,470 $9,923 $32,547
2023 $4,920 $42,470 $9,923 $32,547
2022 $2,223 $31,458 $7,350 $24,108
2021 $2,170 $31,458 $7,350 $24,108
2020 $2,138 $31,460 $7,350 $24,110
2019 $1,973 $26,310 $6,980 $19,330
2018 $1,947 $26,310 $6,980 $19,330
2017 $2,149 $26,310 $6,980 $19,330
2016 $2,150 $27,830 $6,980 $20,850
2015 $2,149 $27,830 $6,980 $20,850
2014 $2,132 $27,830 $6,980 $20,850
2013 $2,181 $29,130 $6,980 $22,150
Source: Public Records

Agents Affiliated with this Home

  • Julie Andrews

    Seller's Agent in 2024

    Julie Andrews

    RE/MAX

    (330) 697-8628

    1 in this area

    46 Total Sales

    Julie Andrews
    Section Image
  • Sylvester Racchi

    Buyer's Agent in 2024

    Sylvester Racchi

    BHHS Northwood

    (330) 310-9323

    4 in this area

    46 Total Sales

    Sylvester Racchi
    Section Image
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Map

Source: MLS Now

MLS Number: 5015086

MLS Now

APN: 68-02193

Ohio Summit County Akron 44312 Ellet

506 Gibbs Rd, Akron, OH

Not Listed for Sale

Detached

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