NOT LISTED FOR SALE

512 Sumner St Akron, OH 44304

Downtown Akron Neighborhood

Estimated Value: $127,000 - $139,599

4 Beds
1.5 Baths
1,550 Sq Ft
$84/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $115,000 $74 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $838/month

121 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 2-minute walk to Boss Park
  • 1 Car Detached Garage
  • East Facing Home

About This Home

As of March 2023

Awesome opportunity to own a University of Akron Rental! Rented for $1,525 a month or $18,300 for the year. Owner pays utilities with utility cap. Utility cap is $300. Being sold as a package of 3 properties: 512 Sumner, 504 Sumner, and 499 Sumner. All 3 within walking distance. Package asking price $345,000. Easy to manage. Easy to rent. Plus fantastic rental history. Reach out for more information or to schedule a showing. Rented till end of July 2023. Improvements include: (2021) New furnace (2020) New front porch.

Last Agent to Sell the Property

Dustin Purtan

EXP Realty, LLC. License #2024004721 Listed on: 10/05/2022

EXP Realty, LLC.

Last Buyer's Agent

David Rudolph

Howard Hanna License #2018003805

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,603

Year Built

  • Built in 1909

Lot Details

  • 4,461 Sq Ft Lot
  • East Facing Home

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Rentschler Community

Listing and Financial Details

  • Assessor Parcel Number 6842860

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,603

Year Built

Built in 1909

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Dwelling Type: Detached
  • Style: Colonial
  • House Faces: East
  • Price Per Square Foot: 74.19
  • Estimated Price per Sq Ft: 74.19
  • Year Built Exception: Actual YBT
  • Total Sq Ft: 1550
  • Year Built: 1909
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1909

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Basement Detail: Full, Unfinished
  • Laundry Lower: 1
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1550.00
  • Sq Ft Approx Total Finished: 1550.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Detached
  • Garage Num Of Cars: 1

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Rentschler

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1024
  • Parcel Number: 6842860
  • LandLeaseYN: No

Tax Info

  • Tax: 1603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Mar 8, 2023
Sold by
Rental Properties Investment Group Llc
Bought by
Potting Matthew
Seller's Agent
Dustin Purtan
EXP Realty, LLC.
Buyer's Agent
David Rudolph
Howard Hanna
List Price
$115,000
Sold Price
$115,000
Views
12
Current Estimated Value
$130,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,650
Avg. Annual Appreciation
4.65%
Original Mortgage
$112,917
Outstanding Balance
$109,372
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$21,278

Purchase Details

Listed on
Jun 19, 2019
Closed on
Jul 24, 2019
Sold by
A & R Property Development Llc
Bought by
Rental Properties Investmenrt Group Llc
Seller's Agent
Bill Lowery
EXP Realty, LLC.
Buyer's Agent
Dustin Purtan
EXP Realty, LLC.
List Price
$50,000
Sold Price
$47,500
Premium/Discount to List
-$2,500
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.58%
Original Mortgage
$38,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2014
Sold by
Braymor Development Llc
Bought by
A & R Property Development Llc

Purchase Details

Closed on
May 11, 2012
Sold by
Gorman Kim and Gorman Shawn
Bought by
Braymor Development Llc

Purchase Details

Closed on
Aug 2, 2001
Sold by
Grunder Jack L
Bought by
Gorman Shawn and Gorman Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 6, 1996
Sold by
Felix Michael W
Bought by
Grunder Jack L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
7.05%
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
Potting Matthew $115,000 --
Rental Properties Investmenrt Group Llc $47,500 None Available
A & R Property Development Llc $50,000 None Available
Braymor Development Llc $23,800 Chicago Title Insurance
Gorman Shawn $42,500 Insignia Title Agency Ltd
Grunder Jack L $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potting Matthew $112,917
Previous Owner Rental Properties Investmenrt Group Llc $38,000
Previous Owner Gorman Shawn $40,000
Previous Owner Grunder Jack L $30,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2023 03/09/23 Sold $115,000 0.0% $74 / Sq Ft
02/03/2023 02/03/23 Off Market $115,000 -- --
02/03/2023 02/03/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $115,000 0.0% $74 / Sq Ft
01/06/2023 01/06/23 Pending -- -- --
10/05/2022 10/05/22 For Sale $115,000 +142.1% $74 / Sq Ft
07/24/2019 07/24/19 Sold $47,500 -5.0% $31 / Sq Ft View Prior Sale
06/21/2019 06/21/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $50,000 -- $32 / 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 $1,863 $31,864 $5,901 $25,963
2024 $1,863 $31,864 $5,901 $25,963
2023 $1,863 $31,864 $5,901 $25,963
2022 $1,601 $21,134 $3,910 $17,224
2021 $1,503 $21,134 $3,910 $17,224
2020 $1,581 $21,130 $3,910 $17,220
2019 $1,445 $17,320 $3,910 $13,410
2018 $1,328 $17,320 $3,910 $13,410
2017 $1,184 $17,320 $3,910 $13,410
2016 $1,184 $15,050 $3,910 $11,140
2015 $1,184 $15,050 $3,910 $11,140
2014 $1,175 $15,050 $3,910 $11,140
2013 $1,283 $16,920 $3,910 $13,010
Source: Public Records

Agents Affiliated with this Home

  • Dustin Purtan

    Seller's Agent in 2023

    Dustin Purtan

    EXP Realty, LLC.

    (330) 620-5680

    29 in this area

    323 Total Sales

    Dustin Purtan
    Section Image
  • David Rudolph

    Buyer's Agent in 2023

    David Rudolph

    Howard Hanna

    (330) 714-0066

    10 in this area

    184 Total Sales

    David Rudolph
    Section Image
  • Bill Lowery

    Seller's Agent in 2019

    Bill Lowery

    EXP Realty, LLC.

    (330) 472-8082

    209 Total Sales

    Bill Lowery
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4412786

MLS Now

APN: 68-42860

Ohio Summit County Akron 44304 Downtown Akron

512 Sumner St, Akron, OH

Not Listed for Sale

Detached

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