NOT LISTED FOR SALE

516 Cherry Ave Niles, OH 44446

Estimated Value: $71,000 - $104,000

3 Beds
2 Baths
1,459 Sq Ft
$57/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $63,600 $44 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $513/month

4 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of July 2023

Great investment opportunity! You can live in one side and rent the other. One side features a large living room and eat in kitchen with plenty of cabinet space as well as two bedrooms upstairs. The other side features a eat in kitchen, living room, and single bedroom. There is a nice sized common area for tenants, containing a front load washer and dryer. Each side has its own driveway and there is a two car garage located on the property. Updates include: electrical boxes (2020) hot water tanks (2017). Flooring (2023) Waterproofing (2022).

Last Agent to Sell the Property

Roy Fabian

Brokers Realty Group License #2020004304 Listed on: 05/01/2023

Brokers Realty Group

Last Buyer's Agent

Roy Fabian

Brokers Realty Group License #2020004304 Listed on: 05/01/2023

Brokers Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $711

Year Built

  • Built in 1920

Lot Details

  • 7,200 Sq Ft Lot
  • Chain Link Fence
  • Unpaved Streets

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,459 Sq Ft Home
  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 25-515750

Community Details

Overview

  • 2 Units
  • A M Blackfords Add Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$711

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 43.59
  • Estimated Price per Sq Ft: 43.59
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.50
  • Total Sq Ft: 1459
  • Year Built: 1920
  • Court Ordered Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Wall Oven, Washer
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Full
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1459.00
  • Sq Ft Approx Total Finished: 1459.00

Exterior Features

  • Exterior: Aluminum
  • Fences: Chain Link
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Detached
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: Shared
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: A M Blackfords Add

Schools

  • School District: Niles CSD
  • School District: Niles CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1653
  • Parcel Number: 25-515750

Multi Family

  • Unit Count: 2
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 50

Tax Info

  • Tax: 711

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 14, 2023
Sold by
Adventure Awaits Llc
Bought by
Rodgers Sarah
Seller's Agent
Roy Fabian
Brokers Realty Group
Buyer's Agent
Roy Fabian
Brokers Realty Group
List Price
$65,000
Sold Price
$63,600
Premium/Discount to List
-$1,400
-2.15%
Views
48
Current Estimated Value
$83,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,237
Avg. Annual Appreciation
13.32%
Original Mortgage
$62,448
Outstanding Balance
$60,936
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$22,901

Purchase Details

Listed on
Sep 14, 2020
Closed on
Nov 6, 2020
Sold by
Its Five Oclock Somewhere Llc
Bought by
Adventure Awaits Llc and Tina Alexander
Seller's Agent
Jessica Hinerman
Century 21 Lakeside Realty
Buyer's Agent
Jessica Hinerman
Century 21 Lakeside Realty
List Price
$49,900
Sold Price
$43,000
Premium/Discount to List
-$6,900
-13.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.73%

Purchase Details

Closed on
Aug 28, 2020
Sold by
Hohvart John
Bought by
It S Five Oclock Somewhere Llc

Purchase Details

Closed on
Aug 18, 2017
Sold by
Raub Rex C
Bought by
Hohvart John

Purchase Details

Closed on
Jan 1, 1990
Bought by
Rex Raub
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
Rodgers Sarah $63,600 None Listed On Document
Adventure Awaits Llc $43,000 None Available
It S Five Oclock Somewhere Llc -- None Available
Hohvart John $20,000 None Available
Rex Raub -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodgers Sarah $62,448
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $63,600 -2.2% $44 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $65,000 +51.2% $45 / Sq Ft
11/10/2020 11/10/20 Sold $43,000 -13.8% $29 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $49,900 0.0% $34 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
09/23/2020 09/23/20 Price Changed $49,900 -16.7% $34 / Sq Ft
09/14/2020 09/14/20 For Sale $59,900 -- $41 / 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 $800 $18,660 $3,360 $15,300
2023 $800 $18,660 $3,360 $15,300
2022 $711 $14,350 $3,360 $10,990
2021 $747 $14,350 $3,360 $10,990
2020 $754 $14,350 $3,360 $10,990
2019 $792 $14,350 $3,360 $10,990
2018 $800 $14,350 $3,360 $10,990
2017 $795 $14,350 $3,360 $10,990
2016 $674 $12,040 $3,360 $8,680
2015 $666 $12,040 $3,360 $8,680
2014 $669 $12,040 $3,360 $8,680
2013 $696 $13,230 $3,360 $9,870
Source: Public Records

Agents Affiliated with this Home

  • Roy Fabian

    Seller's Agent in 2023

    Roy Fabian

    Brokers Realty Group

    (330) 442-1445

    18 in this area

    189 Total Sales

    Roy Fabian
    Section Image
  • Jessica Hinerman

    Seller's Agent in 2020

    Jessica Hinerman

    Century 21 Lakeside Realty

    (330) 360-2749

    6 in this area

    217 Total Sales

    Jessica Hinerman
    Section Image
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Map

Source: MLS Now

MLS Number: 4452149

MLS Now

APN: 25-515750

Ohio Trumbull County Niles 44446

516 Cherry Ave, Niles, OH

This home is located at 516 Cherry Ave, Niles, OH 44446 since 01 May 2023 and is currently estimated at $83,837, approximately $57 per square foot. This property was built in 1920. 516 Cherry Ave is a home located in Trumbull County with nearby schools including Niles Primary School, Niles Intermediate School, and Niles Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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