NOT LISTED FOR SALE

51 Athens Ave Painesville, OH 44077

Estimated Value: $186,000 - $212,000

4 Beds
2 Baths
1,750 Sq Ft
$113/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $120,000 $69 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,423/month

23 Days on Market

Highlights

  • View of Trees or Woods
  • Forced Air Heating System
  • Partially Fenced Property
  • 1 Car Attached Garage

About This Home

As of December 2020

Calling all investors! What an amazing turn key opportunity for investment! This two bedroom one bath duplex is FULLY RENTED with tenants wanting to remain. The home is located near the end of a drive and across from the Grand River for one fabulous location! One unit has a one car garage and there is a privacy fence between them in the back yard and is surrounded by trees behind as well. Each unit has a spacious full basement with a firewall in between Hot water tank (2017) 35 year shingle roof 10 years old, windows 15 years old and unit 53 has had oil tank replaced with forced air gas furnace in 2018.

Last Agent to Sell the Property

Rhonda Battig

Century 21 Homestar License #2006005198 Listed on: 10/04/2020

Century 21 Homestar

Last Buyer's Agent

Kathy Holmes

All Points Realty License #2004020439

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,545

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Unpaved Streets

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,750 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Septic Tank

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, heating
  • The owner pays for trash collection, water
  • Assessor Parcel Number 11-B-032-B-00-001-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,545

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 68.57
  • Estimated Price per Sq Ft: 68.57
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1750
  • Year Built: 1955
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1955

Interior Features

  • Appliances Equipment: Dryer, Wall Oven, Range, Refrigerator, Washer
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 1750.00
  • Sq Ft Approx Total Finished: 1750.00

Exterior Features

  • View: Wooded
  • Exterior: Vinyl
  • Fences: Partial
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Attached
  • Garage Num Of Cars: 1

Utilities

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

Schools

  • School District: Painesville City LSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2000
  • Parcel Number: 11-B-032-B-00-001-0

Rental Info

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

Multi Family

  • Unit Count: 2
  • Gross Income: 18900.00
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2545

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2020
Closed on
Dec 3, 2020
Sold by
Flick Jerald N
Bought by
Gourley Marcia and Gourley Timothy
Seller's Agent
Rhonda Battig
Century 21 Homestar
Buyer's Agent
Kathy Holmes
All Points Realty
List Price
$149,000
Sold Price
$120,000
Premium/Discount to List
-$29,000
-19.46%
Current Estimated Value
$198,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,280
Avg. Annual Appreciation
10.82%
Original Mortgage
$90,000
Outstanding Balance
$80,270
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$118,010

Purchase Details

Closed on
Jun 29, 2001
Sold by
Mechenbier Norbert B
Bought by
Flick Jerald N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.18%

Purchase Details

Closed on
Jul 30, 1992
Bought by
King Donald R
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
Gourley Marcia -- Enterprise Title
Flick Jerald N $100,000 Conway Land Title Company
King Donald R $44,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gourley Marcia $90,000
Previous Owner Flick Jerald N $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $120,000 -19.5% $69 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $149,000 -- $85 / 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 -- $57,310 $10,660 $46,650
2023 $4,557 $41,820 $7,720 $34,100
2022 $2,555 $41,820 $7,720 $34,100
2021 $2,564 $41,820 $7,720 $34,100
2020 $2,526 $36,370 $6,720 $29,650
2019 $2,545 $36,370 $6,720 $29,650
2018 $2,553 $31,270 $7,180 $24,090
2017 $2,272 $31,270 $7,180 $24,090
2016 $2,013 $31,270 $7,180 $24,090
2015 $1,837 $31,270 $7,180 $24,090
2014 $1,867 $31,270 $7,180 $24,090
2013 $1,826 $31,270 $7,180 $24,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4229642

MLS Now

APN: 11-B-032-B-00-001