NOT LISTED FOR SALE

5066 Newton Falls Rd Ravenna, OH 44266

Estimated Value: $278,000 - $379,000

5 Beds
4 Baths
4,988 Sq Ft
$64/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $240,000 $48 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,054/month

255 Days on Market

Highlights

  • 3 Car Detached Garage
  • Baseboard Heating
  • North Facing Home
  • Forced Air Heating System

About This Home

As of July 2022

Three homes on one 3.25 acre lot. Conveniently located to State Route 14 and State Route 5 at Cotton Corners. Two large outbuildings. A garage and shed provide amble storage space. Long stable. Well maintained.
New vinyl siding and roofs in 2020

TOTAL OF 5 UNITS INCLUDED MOBIL HOME PAD. GROSS INCOME OF $3,050.

UNIT #3 IS A MOBIL HOME PAD THT RENTS FOR $500 PLUS UTILITIES. .

A COMMERCIAL LOAN IS REQUIRED (25% DOWN) DUE TO THE RESIDENCE HAVING 4 DETACHED UNITS. PRE-APPROVAL LETTER IS REQUIRED BEFORE SHOWING. CHECK WITH BUYERS LENDER TO VERIFY

Last Agent to Sell the Property

Jim West

Howard Hanna License #168662 Listed on: 10/14/2021

Howard Hanna

Last Buyer's Agent

Amy McDougald - Eckard

Keller Williams Chervenic Rlty License #2015002939

Keller Williams Chervenic Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,508

Year Built

  • Built in 1875

Lot Details

  • 3.25 Acre Lot
  • North Facing Home
  • Unpaved Streets

Parking

  • 3 Car Detached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,988 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Propane
  • Well
  • Septic Tank

Community Details

  • 4 Buildings
  • 5 Units
  • Mh Co Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for trash collection
  • Assessor Parcel Number 29-331-00-00-005-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,508

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: North
  • Price Per Square Foot: 48.12
  • Estimated Price per Sq Ft: 48.12
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 4988
  • Year Built: 1875
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1875

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Full
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 4988.00
  • Sq Ft Approx Total Finished: 4988.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 3

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Electric, Propane
  • Heating Type: Baseboard, Forced Air
  • Water/Sewer: Well, Septic

Condo/Co-op/Association

  • Subdivision Complex: Mh Co

Schools

  • School District: Ravenna CSD
  • School District: Ravenna CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 3.2500
  • Parcel Number: 29-331-00-00-005-000

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Cable/Electric Link, Electric, Heating

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 4
  • Number of Units: 5
  • Percent Units Occupied: 100

Tax Info

  • Tax: 3508

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Jul 20, 2022
Sold by
Szalay Peggy Lee and Hallock Barbara
Bought by
Falls Land Trust and Eckard
Seller's Agent
Jim West
Howard Hanna
Buyer's Agent
Amy McDougald - Eckard
Keller Williams Chervenic Rlty
List Price
$290,000
Sold Price
$240,000
Premium/Discount to List
-$50,000
-17.24%
Current Estimated Value
$317,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,330
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Sep 18, 2002
Sold by
Estate Of James F Hallock
Bought by
Hallock Barbara

Purchase Details

Closed on
Jun 23, 1987
Bought by
Hallock Barbara and Hallock James
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
Falls Land Trust $125 Russell Monica E
Hallock Barbara -- Approved Statewide Title Age
Hallock Barbara -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $240,000 -4.0% $48 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
05/26/2022 05/26/22 Price Changed $250,000 -13.8% $50 / Sq Ft
10/14/2021 10/14/21 For Sale $290,000 -- $58 / 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
2024 $4,521 $99,090 $15,540 $83,550
2023 $3,790 $70,280 $14,630 $55,650
2022 $3,749 $70,280 $14,630 $55,650
2021 $3,720 $70,280 $14,630 $55,650
2020 $3,508 $58,450 $14,630 $43,820
2019 $2,926 $58,450 $14,630 $43,820
2018 $2,952 $56,000 $14,630 $41,370
2017 $2,952 $56,000 $14,630 $41,370
2016 $2,708 $56,000 $14,630 $41,370
2015 $2,711 $56,000 $14,630 $41,370
2014 $3,132 $54,430 $14,630 $39,800
2013 $3,114 $54,430 $14,630 $39,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4325540

MLS Now

APN: 29-331-00-00-005-000