NOT LISTED FOR SALE

515 Summit St Mansfield, OH 44906

Estimated Value: $117,000 - $160,000

4 Beds
2 Baths
2,779 Sq Ft
$46/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $115,000 $41 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $820/month

7 Days on Market

About This Home

As of September 2024

Welcome to this can't-miss investment opportunity at 515 Summit St in Mansfield, OH! This incredibly spacious Duplex boasts approx. 1400 sq/ft per unit & 2 Bed 1 Bath each, with in-unit laundry, separate electric/gas & HVAC, while offering a typical layout with ample living, bedroom, and kitchen space. Updates within last 5 years include: new electric panels, new furnaces & water heaters, kitchen/bathroom updates, new roof. Both units equipped with a stove & fridge that convey. Off-street tenant parking w/ garage. Owner has been paying only Trash (~$33/mo) & Water/Sewer (~$60/mo), tenants all else. Top unit currently rented at $750/mo, and is below market rent (48 Hour Showing notice). Bottom unit vacant (Show Anytime). Do not wait to take advantage of this rare House-Hacking or Cash-Flowing opportunity! -- For tenant privacy, please do not trespass/walk the property without prior approval. Contact listing agent for questions or to get yourself a showing!

Last Agent to Sell the Property

Riley Hicks

Dream Huge Realty Brokerage Phone: 4195288260 License #2022005204 Listed on: 07/25/2024

Last Buyer's Agent

Alex Boyd

RE/MAX First Realty License #2023000954

RE/MAX First Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,744

Year Built

  • Built in 1920

Lot Details

  • 6,612 Sq Ft Lot

Parking

  • 4 Car Garage
  • Open Parking

Home Design

  • Frame Construction
  • Lead Paint Disclosure

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0270203203000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $920
  • Other Expense $200
  • Trash Expense $392
  • Water Sewer Expense $720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,744

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1518
  • Directions: Take Sherman of Marion Ave or Park Ave, then it is on corner of Sherman and Summit.
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Structure Type: Onsite Built
  • Year Built: 1920
  • Attribution Contact: 4195288260
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oven, Range, Refrigerator, Gas Water Heater
  • Has Basement: Full

Exterior Features

  • Disclosures: Lead Based Paint - Add. 1, Property Disclosure
  • Home Warranty: No
  • Construction Type: Frame
  • Exterior Features: Other-See Remarks

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Concrete, 2 Spaces, Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Trash Expense: 392
  • Annual Water Sewer Expense: 720

Schools

  • Junior High Dist: Mansfield City School District

Lot Info

  • Lot Size Sq Ft: 6612.408
  • Farm Land Area Units: Square Feet
  • Parcel #: 0270203203000

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 920

Tax Info

  • Tax Annual Amount: 1743.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2025
Sold by
Rhm Distributing Llc
Bought by
Michael Quinn T and Michael Miguelina
Current Estimated Value
$128,656

Purchase Details

Listed on
Jul 25, 2024
Closed on
Nov 7, 2024
Sold by
Banks Timothy and Banks Toby
Bought by
Rhm Distributing Llc
Seller's Agent
Riley Hicks
Dream Huge Realty
Buyer's Agent
Alex Boyd
RE/MAX First Realty
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%

Purchase Details

Listed on
Jul 25, 2024
Closed on
Sep 30, 2024
Sold by
62 Brothers Llc
Bought by
Banks Timothy and Banks Toby
Seller's Agent
Riley Hicks
Dream Huge Realty
Buyer's Agent
Alex Boyd
RE/MAX First Realty
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%
Views
16

Purchase Details

Closed on
Dec 21, 2018
Sold by
Barnard Randall
Bought by
62 Brothers Llc

Purchase Details

Closed on
Sep 12, 2018
Sold by
Hofsaess Ernst and Jp Morgan Chase Bank Na
Bought by
Barnard Randall
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
Michael Quinn T $110,000 None Listed On Document
Rhm Distributing Llc -- None Listed On Document
Rhm Distributing Llc -- None Listed On Document
Banks Timothy $115,000 Chicago Title
62 Brothers Llc -- Hawkins Title Reserch
Barnard Randall $25,200 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 Sold $115,000 -11.5% $41 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $129,900 -- $47 / Sq Ft
Source: Mansfield Association of REALTORS®

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 $1,748 $36,510 $5,220 $31,290
2023 $1,748 $36,510 $5,220 $31,290
2022 $505 $8,840 $4,240 $4,600
2021 $509 $8,840 $4,240 $4,600
2020 $520 $8,840 $4,240 $4,600
2019 $1,625 $24,920 $4,240 $20,680
2018 $1,017 $24,920 $4,240 $20,680
2017 $989 $24,920 $4,240 $20,680
2016 $850 $22,220 $4,510 $17,710
2015 $850 $22,220 $4,510 $17,710
2014 $801 $22,220 $4,510 $17,710
2012 $664 $23,390 $4,750 $18,640
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Riley Hicks

    Dream Huge Realty

    (419) 961-6054

    20 in this area

    53 Total Sales

    Riley Hicks
    Section Image

  • A

    Buyer's Agent in 2024

    Alex Boyd

    RE/MAX

    (419) 571-7753

    5 in this area

    8 Total Sales

    Alex Boyd
    Section Image
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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9061428

Mansfield Association of REALTORS®

APN: 027-02-032-03-000

Ohio Richland County Mansfield 44906

515 Summit St, Mansfield, OH

Not Listed for Sale

MultiFamily

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